In these times of austerity it is sometimes difficult to see how to cut those administrative costs, which take so much of the working budget, but there are a number of opportunities, which can be well worthwhile considering. It is imperative that any small business keeps complete control of its costs at the present time, business is difficult but there is business to be had but margins and size of orders are quite likely to be squeezed. Any business must have a base from which to work and where it can be contacted and there is a financial trigger to having a good presence so that the customer base believes that the company can fulfil its claims.
Office space is one of those difficult areas where the costs can be high and the benefits difficult to quantify but there are many businesses, which support quite expensive offices that have a very low footfall and are not fully used but are maintained on the premise that the company requires a face to show to the public. London is a particularly difficult area as the costs are high and location is still particularly popular. One consideration is to examine if the office and administration work can be carried out in a cheaper manner and one way that may well give excellent benefits is the serviced office. The serviced office is basically an office, probably in the middle of Mayfair, that can be rented on an as required basis and will offer all the services normally required by the administrative base of any company.
The serviced office provides just what the company requires in terms of office space that can be rented by the day or month, conference facilities can be rented when required as can all secretarial services. Services such as accountancy and legal are also available. The biggest consideration for any company is that it presents itself well and has its own personal identity and the serviced office will do that exceptionally well. All calls will be received in the name of the company and any work carried out will also be done in the name of the company and the quality of the offices, its location and the presentation of the company will increase the companies standing.
The advantages of serviced offices are in the costing’s, in that instead of maintaining and running an expensive office the company can buy just what it needs. It may not be cost effective to have a secretary at an office, but here it is charged as used. It will be a brave move but certainly it can be cost effective.