Smart organisations around the world are embracing flexible space and are moving their staff from traditional space into more flexible alternatives. Flexible technology, especially cloud based solutions, has reduced the need for large storage and infrastructure requirements onsite and allowed the footprint of companies to reduce. This is also allowing companies to reduce the need […]
What is the methodology adopted by most companies to calculate their real, total cost of rental (TCR) when choosing a service office provider? It is a competitive industry and one that offers great variety of choice for the customer. Every successful serviced office provider seeks to find a unique selling point(s) to differentiate their offering from the competition. Some get it right and others fail miserably. But we suspect that there is far greater error on the part of the customer when choosing the best serviced office provider – and here is why…
When starting up your new business, finding the ideal space can be a minefield. Not many people have the funds to purchase and renting premises is a huge expense. When hiring a traditional office space you can’t simply pay on a month-by-month basis, and then opt-out of the contract if business is bad – you will usually be tied into a fixed number of years. Further costs lie in the purchase all of the necessary communications systems, furnishing and decorating the interior plus a whole lot more.
So you’ve started your own business and keeping spending under tight control is paramount. It’s best to test your business and get some runs on the board before committing to a lease or mortgage for your premises.