Serviced Offices Blog


What are the workspace options available for new and small business owners?

Posted by admin on December 27, 2013 at 9:54 am. Filed under: office space

If you’re a new business owner you’ll already have had to make lots of decisions to get your venture off the ground. If your business is still in its infancy, or still in the planning stages, then one such decision that you’ll need to make is that of the dedicated workspace.

Many new businesses are small in size and have financial limitations to match. The current economic climate has put an increased amount of pressure on start-ups, making every decision an important one – and that certainly includes where you operate your business from.

If your business requires an office, you’ll need to think about what you need from your office space in order to ensure that your business is given every chance to succeed. There are a number of office options for small businesses, which include:

1- The home office
If you are running on a very tight budget then working from home can be a great solution – in fact many flourishing businesses began life on the kitchen table! To operate without restriction from home you’ll need to be comfortable conducting your business with just a computer, a phone and an Internet connection.

2 – The virtual office
The next step up is to take your home office set up and give it a little upgrade using a few innovations. You already may be using voicemail, video conferencing software and a laptop to enable you to conduct meetings away from your home. But there are other upgrades available that could help your business with regards to its professional appearance. These include a remote receptionist and a mail-receiving agency.

3 – The workstation
Your business may currently be suitable to be run from home but your home may not be a suitable place for your business! Perhaps you have young children at home during the day or just lack the space for a dedicated office within your house? A possible solution could be to rent a workstation in an existing office, where your weekly or monthly payment should include phone and Internet costs, and potentially other services too. This could be a good option while you consider taking on a rented office space.

4 – The serviced office
If your business is more than a one-man operation then it’s likely that you’ll need to look for an office space to rent. However, the idea of renting an office and equipping it with furniture, computers and other necessities can be daunting. Perhaps you just aren’t comfortable signing a long-term contract with you business still in its early stages?

The solution is to look for serviced offices within an existing business centre. A serviced office comes fully fitted and furnished and you won’t have to worry about business rates and energy bills or the security or cleaning of the office. Business services, such as receptionists, broadband and telephone, meeting rooms and video conferencing will also be available. Another other significant advantage of serviced or managed offices is that you’ll often be able to sign a short-term lease initially, rather than needing to commit to several years from the outset.

 

Ideas for creating a productive and appealing office environment

Posted by admin on December 20, 2013 at 9:45 am. Filed under: serviced offices

You may have already decided that serviced offices are right for your business. Perhaps you’ve even tied down the location. But once you’ve found your office space, how can you maximize it to best serve your business?

Creating a productive and pleasant working environment is essential to the success of any business. After all, you and your colleagues are likely to be spending a great deal of time between those four walls, so making it a great place to work is very important.

There are many factors to consider and the balance of elements that go into the making of a great office environment is somewhat subjective. Certainly, the nature of your business will dictate to some degree how your office looks and operates, as will the number of staff you employ. But what follows are a few general points to consider when setting up your new serviced office.

A reflection of your business
Your office space should be an extension of your business, helping to reflect your identity to both staff and visitors. Again, the nature of your business will guide you – if you were working within the creative industries for example it would make sense for your office to reflect your creative flair and interest in design.

Room to breathe
Creating a comfortable work environment means giving your staff ample space to do their job. This means creating a layout and desk configuration that offers privacy when needed, but also ensures that people don’t feel isolated from their colleagues and instead remain connected. One of the many benefits of serviced offices is that they often come fully furnished, but look for workstations that can be moved to suit your needs.

Are you sitting comfortably?
A well-positioned desk in a well-considered workspace needs a high quality chair to match. Back pain and related issues are a serious problem for many office workers. If your staff spend long hours at their desks, their lives and as a result the quality of their work, will be greatly improved with the aid of an appropriate chair. Make sure that you’re happy with the quality of the chairs provided in your serviced office.

Keep it flexible
It’s also a good idea to create a workspace that can be easily reconfigured to accommodate changes in your business. These could be permanent changes such as new staff members but also temporary ones, for example creating a designated work area for a specific project.

Creature comforts
If you get it right, your office will be a great place to work, helping to improve productivity and inspire you and your staff to great things. Think about maximizing the amount of natural light in the office. Use plants to add some colour. Provide bowls of fruit and drinking water. Perhaps install an espresso machine? Little details can make all the difference.

Keep it clean
A clean office is paramount to a productive working environment, keeping it free of dust and germs that can lead to illness. It’s also vital that your office is presentable to visitors and potential clients. A clean office is a reflection of you and your business and helps significantly in making a good impression on all those who set foot in your working space. Another advantage of serviced offices is that commercial cleaning will be included as part of your monthly payment.

 

Are industry-specific managed offices better for business?

Posted by admin on December 10, 2013 at 9:36 am. Filed under: business centres

Start-up businesses often struggle with one problem that perhaps they didn’t think about when they came up with their ‘big idea’ – business isolation. The reason that many small businesses are choosing to locate in managed offices isn’t just for the plethora of logistical advantages, but also to ensure that they don’t end up feeling isolated through a lack of human contact, which can be a problem for home-based entrepreneurs. That isolation can quickly drain the enthusiasm out of a businessman or woman, resulting in the failure of the enterprise.

But taking the idea a step further, it now seems that industry-specific office space for start-ups is really starting to take hold, spurred on by the success of Manchester’s creative hub, MediaCityUK. Alongside such luminaries as the BBC and ITV, it’s also home to a raft of creative types, ranging from app developers (which represent a disproportionately high 12% of the businesses) and webmasters through to animators, PR and film and TV production. So does it pay to have your friends close, and your (business) enemies even closer?

Industry-centric managed offices

It seems so, and MediaCityUK is just one example of more industry-centric managed offices. Head out to Cambridgeshire and you’ll encounter the wonderfully named ‘Silicon Fen’, full to the rafters with technology companies pushing the boundaries of next generation computing.

What these industry-centric complexes represent is an opportunity for start-ups to network with their neighbours and learn from more established companies within the same environment. Monthly meetings and business clubs encourage this networking, and particularly for any creative industry involved in digital media, the opportunities are really too good to be missed.

Those involved in managed offices think that we’ll start to see a trend developing, where industry-centric complexes become even more popular than the more generic office spaces available at the moment. This could have a number of benefits, not only for the businesses who take up residence, but for the local economy too. Expect this trend to continue in 2014.

 

Ventia to open its thirteenth central London site in City of London

Posted by admin on December 3, 2013 at 4:49 pm. Filed under: offices to let,serviced offices

Twenty Eight Queen Street, due to open at the beginning of December, is not only Ventia’s thirteenth central London site since the company started three years ago, it is also Ventia’s third acquistion this year alone.

Situated in the heart of the City of London, Twenty Eight Queen Street, has excellent transports links with Mansion House, Cannon Street and Bank tube just a stone’s throw away. Whilst most serviced office space in the area is modern and and lacking in character, Queen Street is rare find offering quite the opposite.

The two imposing Georgian Grade II listed buildings, part of the Queen Street Conservation Area, are connected by an impressive central staircase and retains many of its period features. The spacious 6,401 square feet includes basement, lower ground, ground and three upper floors spread across the two buildings providing office and ancillary accommodation.

The site has been restored and refurbished to the highest standard throughout, with carefully thought-through interiors that compliment the original Georgian style of the property. As with all Ventia offices, Queen Street is unbranded and fully-furnished, offering a bespoke space which can be tailored to meet individual business needs.

Director, Dan Wheble comments, ‘The City of London is an exciting area to be, and Twenty Eight Queen Street follows suit in Ventia’s desire to find and restore period buildings into serviced office space. It provides a great mix of character with new facilities and stylish interiors. This latest addition to our ever-expanding portfolio offers something very different to a prospective client.’

Will Kinnear of Green Kinnear acted on behalf of Ventia, its third transaction for Ventia this year. A 10 year lease was secured with a break option at five years, a cost of £23.00 per square foot rent, with nine months rent free.

Will Kinnear comments, ” The acquisition of 27-28 Queen Street brings up our hat trick of deals done on behalf of Ventia. We were able to find and negotiate a swift deal with the Landlord at this landmark building which provides quality period office space in the heart of the City of London.”

Clients at all of Ventia’s new properties receive high-speed broadband as standard, with industry-beating IT and telecoms packages provided by VTSL. This is alongside a dedicated on-site team who act as company receptionists, assisting with the day-to-day running of an office.

28 Queen Street

 

Top 5 Ways to Save Money with Serviced Offices

Posted by admin on September 24, 2013 at 9:10 am. Filed under: serviced offices

Serviced offices are extremely popular because they can help businesses of all sizes to save money. Originally they held many advantages that suited mainly small businesses, but now larger organisations have also started to realise that they can cut costs by moving to a serviced office. Here are the top five ways in which a serviced office could benefit your business.

1. One Upfront Cost
One of the biggest advantages that businesses have found is that they only have to pay one single upfront cost each month which then encompasses everything they need. So, while a traditional lease would have a separate charge for rent, rates, maintenance, utilities, telecoms, security and cleaning, a serviced office includes all of these in one sole charge. What’s more, you’ll usually have office furniture included too! This not only saves you money, particularly when looking at London office space, where extra charges could be astronomical, but it also saves you the hassle of having to organise all of these services yourself too.

2. Shorter Lease
If you’re setting up in a new location or with a new business, it can be hard to know how successful you might be, so signing a five or even ten-year lease with a landlord can be extremely scary and can leave you still paying long after you’ve shut up shop and moved on. If you want to try out Liverpool offices without risking everything, however, then you should look at a serviced office – leases are significantly shorter and you usually have the flexibility to increase or decrease space as you need to.

3. Extra Rooms When You Need Them
You may find that your day-to-day business needs only require a small amount of office space, but that on occasion you need to welcome clients or colleagues from another branch and need some extra space. Most business centres have meeting rooms which can be hired on a daily, or even hourly, basis, so you won’t have to pay for extra space on a permanent basis but which is mostly left unused – you can just add on what you need, when you need it.

4. Additional Services
If you had to employ a receptionist, cleaner or security guard for the year, you’d probably end up shelling out quite a lot in labour costs. Yet these services are all essential for keeping your business secure and professional looking. Most business centres include cleaning and security as part of the package, and you can often also engage the services of a receptionist based in the property who can welcome your visitors and take phone calls as if she were working directly for you.

5. Better Location
It would be very expensive to take out a traditional lease in a smart area of London, but a serviced office gives you that great location in a swish building at a fraction of the cost. Having a good location will also probably earn you more money as your clients will be able to get to you more easily.

 

Help Your New Business Get Off to a Good Start

Posted by admin on September 20, 2013 at 8:11 am. Filed under: office space

Starting a new business can be an exciting if scary time. The current economic climate doesn’t fill many people with much hope, and yet there are more people starting up new businesses than ever before. When starting a new business, it is important to do things correctly, as mistakes could affect how successful you are.

One of the ways in which you can start as you mean to go on is by taking out a serviced office rental for your business premises. Managing your cash flow is extremely important when you first start out, and it is likely that you will have a significant number of other things to pay for. Yet without business premises, you may not have anywhere to manage your business from or to meet clients at. Traditional leases may ask for a hefty deposit and a couple of months’ rent upfront, which you may find that you simply can’t afford. You’ll also have to source furniture and shop around to find suppliers for your electricity, gas and telecommunications. You’ll have to employ the services of a cleaner if you want your new premises to stay looking smart and professional, and you may want to consider installing CCTV or hiring a security guard to make sure that your hard-earned investment remains secure.

Don’t worry if that sounds like a lot to organise and a lot of cheques to start writing – it doesn’t have to be that way! If you take out a serviced office, you’ll have just one price to pay for all of these things, including your furniture and furnishings, maintenance and all the utility bills. This means that you won’t have to put aside a huge wodge of cash to pay for your first office – just pay your monthly bill to the business centre instead. Having a single charge to pay also makes it much easier for a new business to budget their expenditure and manage their cash flow.

Another advantage new business owners find when it comes to serviced offices is that they don’t have to sign up for a lengthy office lease that they may potentially be unable to fulfil if things don’t work out or their business needs change. With a serviced office, you’ll not only get a much shorter lease but there is also the flexibility to increase or decrease the amount of space you rent as your business expands or contracts. This means that you don’t have to take on a large office in anticipation that your business will grow, but find that it never does and you’re paying for more space than you need. Nor will you find yourself trying to squeeze more and more people into a shoebox because you’re trapped in a lease for a small office for the next five years.

So, if you’re looking for offices to let Manchester or office space Edinburgh, use our Office Finder to find a serviced office that meets your needs. We have over 4,000 serviced office listings worldwide, with over 1,000 just in the UK and 300 in London alone.

 

Expanding Your Business with Serviced Offices

Posted by admin on September 15, 2013 at 3:26 pm. Filed under: serviced offices

Think back to when you first set up your business and all the questions that you had to ask yourself when it came to choosing an office. Where would the best location be? How much space might you need? Will you be likely to expand? Will you be successful? All of these same questions apply when it comes to expanding your business too.

Your business may expand in two different ways. Firstly, you might want to increase operations in your current location because you are doing so well. This could include taking on additional staff and so needing a bigger office space to accommodate them all. Alternatively, you might be thinking of opening up a new branch of your business in another location, which is when the above questions need to be answered. Here are some of the ways in which serviced offices can help you achieve either of these expansion methods.

Larger Business Premises

Serviced offices are ideally suited to businesses which start small and want to grow. When you first start up, you might not have the funds to pay for a large office in the hope that business will soon be booming and you’ll have staff beavering away in every corner. And why should you have to pay out for space that you don’t currently need when that money could be invested elsewhere in the business?

Rather than having to shell out for additional new Liverpool office space, for example, or having to wait out your lengthy lease on your current premises before you can move, going with serviced offices Liverpool means you’ll have a flexible lease which you can expand within the business centre to take on more square footage as and when you need it.

Premises in a New Location

Deciding to start again in a new location can be a gamble, but can be one worth the risk. Choosing a serviced office for your new branch has multiple advantages. In the same way as with your original premises, you’ll have the flexibility on your lease to expand if things go well, and you’ll also be able to benefit from a shorter lease in case they don’t.

If you’ve established that there is a gap or a need in the current location in your market, then you’ll no doubt want to get going straightaway, and especially before any competitors get there. You’ll be able to move into a serviced office immediately, with furniture and fittings already in place and utilities set up so you really could start trading the very same day if you wanted to.

You’ll also have the essential staff already on site to help you get started if you’ve not managed to recruit other employees just yet. A full-time receptionist to field your calls, take messages and greet visitors on behalf of your company will be a huge benefit, as will cleaning and security personnel.

Here at Abacus Real Estate, you’ll find a huge selection of serviced offices from all around the world, so use our Office Finder to find yours today.

 

Getting Your First Business Premises

Posted by admin on September 9, 2013 at 3:03 pm. Filed under: business centres

Many small businesses start life based at the kitchen table or from the box room. Working at home has its advantages – saved costs and no commute to name a couple – but it can also have major drawbacks. It can be hard to stay motivated when there are household distractions, particularly when the children come home or the phone’s ringing off the hook with personal calls. If you need to meet clients, your living room doesn’t scream ‘professional businessperson’ either, so you may even be holding yourself back by not finding your own business premises.

Yet signing the lease for your own office space to rent can be scary. At least if you have already spent some time running your business from home, you will have had the chance to make some profit which you can put towards the running costs of your new office, as well as establishing how well your business is doing in the current marketplace.

Accommodation and labour are two of the biggest financial drains on a business, yet both are usually necessary to ensure its success and growth. Consequently, you should spend some time to research different locations and think about how much space you might need before you sign up for anything. Remember that an empty property always looks bigger than it would with furniture in, and a crowded office is no good for your staff or your customers’ morale.

Location can be one of the most important factors when it comes to choosing your office space. There’s no point choosing prestigious office space in Victoria if you are targeting clients on lower incomes, and likewise city centre Birmingham office space may cause problems if your staff and your clients are all coming by car and would prefer free car parking and less traffic jams over access to public transport. Location will also usually affect costs, so consider what your most important priority is and then go with that.

Expansion has to be a consideration for any and every business. Already if you’re moving from your kitchen to your first office you have been able to expand, so you need to consider if that growth is likely to continue. Serviced offices offer short-term leases and a great amount of flexibility, which make them ideal for first business premises. You won’t have to commit yourself to too much, but at the same time you’ll have the opportunity to allow your office to grow as your business does.

For your first office, you also most probably won’t have any furniture to put into it. Rather than spending all the profit you’ve made so far on some smart-looking desks and office chairs, with a serviced office you’ll have a fully furnished workspace which you can move straight into, so you won’t have an unnecessarily large initial payout to contend with.

Serviced offices make a great option for first business premises, although many established businesses are also choosing them because they are much more suited to the current economic climate.

 

Who Needs Serviced Offices?

Posted by admin on September 2, 2013 at 3:03 pm. Filed under: serviced offices

Serviced offices and business centres were originally the saviour of new and small businesses who needed a simpler and easier way of getting business premises. They offered short-term, flexible leases and the ability to pay for everything in one simple charge, meaning no initial outlay was required. However, these days, all kinds of businesses are benefiting from serviced offices. Here are some of the different types of businesses which choose to rent them.

New Businesses

We’ve already pointed out a couple of the ways in which new start-up businesses can benefit from serviced offices. New businesses don’t often have a great deal of cash behind them, and so finding the initial funds to finance the deposit, furniture and refitting of a traditional office property would be difficult. They also found it harder to budget for month-to-month costs such as utilities, telecoms and maintenance because those costs can be pretty much an unknown quantity. However, with a serviced office, you get all of those costs in one monthly charge, and you also have a smart and professional looking office which you can use to impress customers. If you’ve just taken on small premises but need to use meeting rooms from time to time to welcome clients or visitors, then a serviced office is ideal because you can rent out extra space on an ad hoc basis and usually by the day or even by the hour. This saves you from having to pay to rent large office space London when you usually only need a small amount of space.

Growing Businesses

Larger businesses may decide to expand to new locations, such as trying out a new branch in Manchester when their only experience has been in London, for example. This can be a gamble if you don’t know the new location that well, but if you choose serviced Manchester offices, you can take away a lot of the risks involved, again by benefiting from short and flexible leases. If things don’t work out like you planned, you can scrap your new office and try a better location without a huge financial loss. If you’re planning on looking for a more permanent office space in a new location, but still need a base for getting things set up and interviewing new staff, then a serviced office can also be an ideal stop gap. This saves you from wasting time and resources that could be better spent elsewhere.

New or Unstable Markets

You may have had a very solid business until now but find that new technology or advances have made your current sector unstable, or you may be venturing into a completely new market, as many digital businesses have done over the last few years. In either of these situations it can be hard to commit to a long-term lease or to continue running large business premises that are no longer suitable. Serviced offices allow you to downsize (or expand) when you need to, so you won’t be wasting money and jeopardising your business.

 

 

Growing your firm with the help of serviced offices

Posted by admin on August 24, 2013 at 10:39 am. Filed under: serviced offices

There are lots of reasons why serviced office rental agreements are so popular these days. For example, firms that take advantage of these leases benefit from a range of inclusive services. They don’t have to worry about having their own receptionist and they also get to make the most of phone answering services. In addition, they have access to meeting and conference spaces.

However, there’s another reason why offices like this are proving a hit and that’s flexibility.

Starting out

Starting your own business can be exciting and, if you prove to be successful, you stand to reap potentially significant financial rewards. Of course, achieving this outcome isn’t easy. Economic conditions remain tough, business costs are rising and there is plenty of competition out there.

However, if you’re savvy, you can make your life that little bit easier. By using serviced offices London or elsewhere, rather than opting for traditional office agreements, you can give yourself greater flexibility. These leases are typically available on six, nine and 12-month contracts, and it’s even possible to get three-month agreements. When you’re a fledgling enterprise, it can be virtually impossible to predict demand for your goods or services, so this freedom is especially important.

Peace of mind

Knowing that you aren’t tied into long-term contracts over your working space can offer you greater peace of mind. It means that if and when you need to, you’ll be free to expand or contract.

More fixed costs

Getting to grips with your new firm’s finances can be tricky too, but serviced offices once again come into their own here. Because many of your bills will be included in your rent, including heating, lighting and security, you’ll have less uncertainty to contend with. It’s much easier to plan your finances when you have more fixed costs.

Property management headaches

Also, if you opt for serviced offices Liverpool or elsewhere you won’t have the usual property management headaches to contend with. It will be someone else’s job to worry about these logistics, meaning you’ll have more time and energy to focus on your company.

Simple

The best thing is, finding serviced offices is now a breeze. Here at Abacus Real Estate we know how important it is for bosses to be able to secure the ideal working spaces and, by using our website, you should be able to do precisely this.

Just take a look at the offices available in your desired location. You won’t be stuck for choice.

A checklist

Before you make any final decisions, it’s important to ensure the office you have in mind meets all the relevant criteria. For example, it must be within your budget, in the right location and have all the equipment you need. Also, it’s important that the office looks the part. As long as you’re methodical and don’t make any snap decisions, you should achieve the results you’re after.

Serviced offices are probably the fastest growing and most exciting sector within the commercial property market, and it’s not hard to see why.

 

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