If your firm needs to cut costs, you can rest assured you’re not alone. Many organisations around the UK, and indeed the world, are reducing their expenditure so that they can balance their books. After all, trading conditions remain volatile and with austerity measures in force and eurozone instability causing concern, it seems as though caution will dominate enterprise for some time to come.
One of the ways you may be able to lower your bills is by swapping to new office space. At present, you might be paying too much for your working environment and this could be having a negative impact on your bottom line. Perhaps your office is too big, or maybe it’s in an unnecessarily prestigious part of town. Of course, you might simply be getting a bad deal on your current premises.
A sign of the times
Illustrating the tricky financial conditions affecting many firms, it has been revealed that enterprises have cut their spending on marketing. According to an IPA Bellwether survey, advertising budgets fell for the first time in a year during the second quarter of 2012.
A net balance of one per cent of the organisations polled reported a reduction in their spending on promotional campaigns.
IPA president, executive chairman and partner Nicola Mendelsohn remarked: “With renewed concerns surrounding the economy both at home and abroad, in particular the problems surrounding the eurozone, it’s not surprising the signs are less encouraging.”
Meanwhile, Chris Williamson, chief economist at Markit and author of the report, added: “Business confidence has taken a step back again, having perked up briefly at the start of the year, which has caused companies to review their planned spend on marketing this year. The focus has been on cutting back on main media advertising, direct marketing and below-the-line activities and reallocating that money towards sales promotions and the internet.”
Adopting a proactive stance
During times of adversity, it’s often necessary to adopt a proactive stance and think of ways in which you can boost your firm’s fortunes and steer it out of trouble. With this in mind, you might want to take a look at the superb variety of alternative working spaces that are available.
Here at Abacus Real Estate we understand the importance of having suitable offices and by taking a look around our website, you might be able to find much more appropriate serviced offices in Manchester, office space in Victoria and so on.
A smooth transition
One thing that might have put you off moving in the past is the thought that starting again in new premises will be hugely difficult and disruptive. However, as long as you choose your new place carefully, there’s no reason for this to be the case.
Setting up shop in serviced offices couldn’t be easier. The environments are fully fitted and furnished, meaning you can be up and running in no time.
So, to see the fabulous array of offices currently up for grabs, just take a look around the rest of our website.