Serviced Offices Blog


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.

 

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.

 

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.

 

Your office move tick list

Posted by admin on August 19, 2013 at 10:33 am. Filed under: office space

Moving to a new office can be exciting. It may represent a new era for your business and, if you’re current premises isn’t up-to-scratch or doesn’t suit your requirements, the change could be a welcome relief.

However, if you’re to benefit from the best results, it’s really important that you’re methodical when you’re perusing the business centres that are available.

Budget

First and foremost think money. When it comes to business, your head should always rule your heart. It doesn’t matter how good an office looks or feels, and how much of a buzz you get from seeing it, if it doesn’t fit within your spending limits, forget it.

Over-stretching yourself financially can be disastrous, especially during tough times like these. Spending too much money on your office could lead to long-term problems and stress.

The good news is, as long as you know where to look, there are plenty of great deals available. Also, bear in mind that when you choose serviced offices Manchester or elsewhere, your rent will include many of your bills.

Location

Arguably the second most important issue to consider is location. There’s no point in choosing a great office if it’s not in the right place. Your personnel must have easy access to the working space and you may need to be near to your customers.

Often, it’s necessary to make a trade off. To get a suitable office within your spending limit, you might have to be a little bit flexible in terms of your location. For example, city centre offices tend to be pricier than those located further out or on business parks.

Size

Then there’s size to think about. If your office is too small, it will be uncomfortable for your staff members to use. On the other hand, if you choose a space that’s too large, you’ll end up shelling out for space you’re not using.

Quality is key

Of course, the quality of your working area is also really important. To impress your personnel and any third parties who enter your premises, it’s got to look the part. Comfy, stylish furniture is a must, along with any equipment you need to operate successfully.

Convenience

By choosing serviced offices Leeds or elsewhere, as opposed to opting for traditional leases, you can benefit from a range of additional services that make your life easier. For example, you should have access to reception and phone answering services and you’ll also be able to use meeting and conference spaces. In addition, you won’t have to worry about cleaning, building maintenance and so on. Let’s face it, running a business can be tough at the best of times, so these little extras may be very welcome.

Also, serviced offices are available on shorter leases, meaning you can benefit from greater flexibility. You should find it easier to expand or contract depending on market conditions.

Take your pick

By bearing issues like these in mind, you should be able to select office space with confidence and achieve the results you’re after.

 

BMG using exciting new workspace

Posted by admin on August 15, 2013 at 10:18 am. Filed under: commercial property

Firms are continually pushing the boundaries when it comes to office space. Thanks to developments in technology and interior design, as well as shifting working habits, organisations are creating increasingly divergent and interesting spaces.

Of course, if you’re on the lookout for a new base for your organisation, you don’t have to go to the effort of designing it yourself. Instead, you can simply find serviced offices Birmingham or elsewhere that tick all your boxes from the outset. This means all you have to do is move in and start working. Nothing could be easier.

BMG case study

One organisation that’s well aware of the importance of effective office design is BMG. The international group of music companies, which trades under BMG Chrysalis in the UK, the US and Sweden, has transformed a premises in Wigmore Street, London.

Writing on Financial Director, the firm’s Mark Ranyard noted that it needed a new office after BMG bought Chrysalis in February 2011. The building chosen was Grade II listed and it had housed one of the UK’s first department stores.

An exciting and creative workspace

Mr Raynard noted that managers had clear objectives when transforming the working space. About this, he said: “Having found the right space, we needed someone to turn it into something we could use. The brief was to maintain a clear BMG corporate identity, while also making it an exciting creative workspace.”

He also stated: “Our office is more than a space – it has been integral to the company’s development, both reflecting our culture and engaging our people.”

Delivered on every level

Mr Raynard went on to remark: “We decided the process of creating the new office should embody the collaborative new BMG Chrysalis culture we were trying to create.” He added: “In a series of project meetings, we thrashed it all out. I am glad to say that what we ended up with has delivered on every level.”

Open plan and lots of glass

In terms of design, the office is open plan and it features plenty of glass, Mr Raynard pointed out.

Offering extra detail, he commented: “Where individual offices are essential – for example for the artists and repertoire team which scouts and works with artists – we have given people leeway to design their own space, with the only rule being that desks have to be the standard white. Naturally, music is everywhere, playing at the reception and represented in disc form on the ceiling – and there is music memorabilia and decorations.”

At the rear of the office there’s a design-led breakout area with Wi-Fi, a bar, table football and relaxed furniture. Meanwhile, the overall colour scheme is grey and red, which reflects BMG’s corporate livery.

The easy solution

If you’re on the hunt for office space Leeds or elsewhere that’s ready to move into, just take a look around our website. You won’t be disappointed by the level of choice on offer and you should be able to find premises that meet all of your requirements.

 

 

Could serviced offices be the key to business growth?

Posted by admin on July 15, 2013 at 10:48 am. Filed under: serviced offices

In order for a business to grow to its full potential, it needs not only the necessary capital but the right commercial premises from which to operate. Traditional office leases used to be the preferred choice, but in the current climate this isn’t always the best solution—suitable funds could be difficult to come by and it can be tough for fledgling businesses to get their foot in the door, and the opportunity to expand will often be limited. That’s why serviced offices could be the ideal solution.

The rise of serviced offices

The serviced office industry is booming, and it’s proving to be the perfect way for a business to not only get started but to move forwards in its operations. The flexibility is the key motivator, making it particularly desirable for smaller companies and start-ups—they’re not tied into long-term leases and in many cases can increase the amount of office space they need as their business develops, being a great option for those with big ambitions.

And it’s a growing trend across the country. The demand for serviced offices in Birmingham, for example, has risen by a fifth whilst in Sheffield new placements for the first quarter of 2013 are up 50% on last year, and Edinburgh is enjoying 25% more serviced office tenants too. According to research the rise of the sector is largely being driven by companies with 2 or 3 personnel, giving them a cost-effective and convenient way to get their business moving.

The solution to government legislation

Serviced offices could even be the solution to government legislation regarding commercial properties in London—a lot of traditional office buildings are being converted into housing developments, and that means it’s much harder for businesses, particularly start-ups, to get a foothold in key commercial districts. But, serviced properties are unaffected by such plans and that means they’ve been touted as the key to recovery, with serviced office space in London being a great way to get established in a prime City location.

This kind of arrangement can give fledgling companies the prestigious address they need to make the right impression, all the while getting an office that can provide the amenities and facilities necessary to ensure daily operations can run as smoothly as possible. It’s a simple, convenient and highly cost-effective solution to a business’ premises requirements, and it can all add up to meaning a company’s far more likely to grow to their full potential—the flexible nature of the contract, the prestigious postcode, the convenience and budget-friendly arrangement can combine to ensure a business owner has nothing else to worry about but making a profit, and with such an effective environment in which to work employees will be motivated too.

Do you want to see if a serviced office can give your company the boost it needs to move forwards? Then make sure to get in touch with us here at Abacus Real Estate, and we’ll be on-hand to help you find the solution to suit.

 

Expanding Your Business Around Britain

Posted by admin on July 2, 2013 at 10:35 am. Filed under: serviced offices

If you’re lucky enough to be part of a business that is currently enjoying success, then well done! Expanding your UK or international business around Britain can be a good or bad move depending on the location or locations you choose for your expansion. Just because you have been successful in one area doesn’t meant that this success will continue into another. You know the market well where you are currently operating, and the market is not the same across the entire country. Here are some tips which may help you decide.

Be Cautious

If you want to give yourself a bit of a get out clause when picking your new premises, then go for serviced offices. These have shorter leases than traditional office space and are flexible, allowing you to expand or contract your business as necessary, depending on how well things are going in the new location. You’ll also have an office that’s ready set-up for you to start trading straight away. This saves you laying out large amounts of money upfront on furnishings and fittings, particularly if you’re not sure you’re going to be staying put.

Best Place for Your Service or Product

Generally speaking, the best trading areas are London and the South East, so serviced offices London are often a good idea, no matter what you are offering. When it comes to other areas of the UK, however, do plenty of research into your market. Is there a lot of competition there already and if so, are you offering anything that’s going to stand out? If there isn’t a lot of competition, is there a reason why not? It might be that what you’ve got to offer isn’t particularly in demand in that area. Some cities or areas tend to experience the ‘cluster effect’, where businesses in the same sector seem to flock together, such as financial clusters in London, Leeds, Chester and Edinburgh.

The other cities with high economic activity and the most entrepreneurs are Birmingham, Brighton, Bristol, Nottingham, and Tunbridge Wells.

Good Transport Links

Transport links can be important to every business. If you need to deliver products or receive deliveries, do you have good access to motorways or other main roads? If not, you’ll be wasting a lot of time stuck in traffic. Do you need to receive customers at your premises? If so, then the office will need to be accessible and city centre premises are often preferred. However, if you don’t, then there’s no point in paying for swanky serviced offices Mayfair when you could be based further outside of the city in a place that’s perhaps more convenient for staff and deliveries.

A Good Source of Staff

While a particular area experiencing the ‘cluster effect’ mentioned above may have a lot of competition, there also tends to be a lot of high quality staff available in that area who are specialised and experienced in that field. This can really help a small business or new branch get off the ground, as skilled workers can give the boost needed to make it a success without taking management’s focus away from other areas.

 

Budgeting Start-Up Costs for a New Business

Posted by admin on June 4, 2013 at 1:56 pm. Filed under: serviced offices

More and more people are turning towards starting their own businesses, often as a result of redundancy and the difficulties of finding another job in an increasingly difficult job market. One of the main stumbling blocks new entrepreneurs come across is a lack of funding or start-up cash needed to get off the ground. All businesses need a certain level of cash to start. In fact, there are various financial draws on a new business, including promotional and marketing activities, purchasing supplies and insurance, to name but a few.

One thing many new businesses also have to allow capital for is business premises. Traditional leases for office space require a hefty deposit and commitment to a lease of several years, which can be daunting for any new business. While you wouldn’t start a business unless you believed in your product or service, you also can’t know for sure how the future will pan out, particularly in today’s current economic climate, which is showing no signs of improving either.

A great way of managing your start-up costs is by looking at serviced offices in business centres for your premises. Found all around the country, from commercial property Bristol to office space Leeds, there are two primary advantages of serviced offices for start-up businesses. Firstly, the leases are much shorter and more flexible, with an average lease of under a year. This makes the prospect of committing yourself to a leased office when you don’t know how the market will take your business much less scary. What’s more, leases of serviced offices are generally flexible, so you can increase or decrease the amount of space you rent as your business requirements change. This saves you from having to gamble at taking on (and paying for) a larger space when you first start, with the hope of needing that extra room for additional staff as your business takes off.

The second biggest advantage of a serviced office is that you only have one monthly bill encompassing all of the costs associated with having and running your office. This makes it much easier to budget, which is especially important for a new business. The amount of start-up capital needed to get going is also much less, with furniture and furnishings also being included in the price of the office. So, while you’ll still have the initial outlay for things like trade insurance and promotional materials, you will have cut other start-up costs significantly.

One of the biggest outlays a business faces after premises is staffing costs. Therefore, while you’re getting going, you should try and do as much of the work yourself as possible. Not only does this save you money, but it also gives you a really good grounding in all the different aspects of your business and will help you to develop skills you might not have known you had or been that confident about. Dealing with everything yourself will also save you time when it comes to decision making because you won’t have to discuss with other people.

 

 

The allure of serviced offices

Posted by admin on May 15, 2013 at 2:59 pm. Filed under: serviced offices

Whether you are looking to rent office space in Leeds, Liverpool, Bristol, London or Birmingham, the same considerations arise. Location and office type are of paramount consideration.

Affordability of serviced offices

London office space is available in many areas of the capital. No one really wants to rent office space in a run down suburb but the prospect of renting office space in a prestigious and trendy area remains a dream for many business owners. However it would be a mistake to write off locating your office premises in Mayfair.

By choosing a certain type of office accommodation even small business owners can afford to locate their offices in a high end location usually reserved for the wealthy.

Serviced offices unlock access to prestigious locations

The benefit of serviced offices is that they are configured in such a way which means they are accessible by many business owners. Accessibility does not mean that quality is compromised. On the contrary, serviced office space in Victoria is situated in the highly prestigious location of Stag Place and comprises high spec reception areas with bright tasteful décor and a feeling of plush quality. Due to the nature of serviced offices they can be rented for a very affordable price.

Most serviced offices have a bright and luxurious appeal with attractive fully staffed reception areas. An on-site security guard adds to the secure and professional feeling as your clients wait in the comfortable seating area. The reception staff are fully trained and help to promote the professionalism of the offices.

By sharing office accommodation, the costs can be split between the tenants making it an affordable option. Serviced offices also provide an instant solution to any accommodation problems since they are available on just a few days’ notice. As they are provided fully fitted and furnished, there are no set up costs and you are free to commence running your business upon taking occupation.

What is included?

Irrespective of whether you rent office space in Edinburgh or Leeds, the same expenses and outgoings are normally covered. One fixed monthly rental payment allows you to plan for the future and includes the following:

• Buildings insurance
• Regular cleaning outside of office hours
• Staffed reception area
• On site security
• IT infrastructure and telephony services
• Use of communal facilities, e.g. bathroom, kitchen
• Utility bills
• Business rates
• Dilapidations
• Furniture
• Fit out

Short term myth of serviced offices

Serviced offices are usually associated with temporary short term office moves. This is a myth and serviced offices often become long term solutions. Their flexibility means that business tenants continue to renew their short term occupancy turning the arrangement into a long term one. In these uncertain economic times, the ability to be flexible and move to different sized offices at short notice is very important. Serviced offices can often be vacated on giving just a few weeks notice.

At Abacus Real Estate, we have the expertise to assist you in your search for the most suitable office premises in your chosen location.

 

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