The economic outlook for 2010 and beyond is looking increasingly bright. However, current conditions are challenging and most businesses are focused on cutting costs, including overheads. Office rent (often a firm’s highest fixed cost), salaries and travel are among the areas in which CEOs look to implement drastic cutbacks. A serviced office offers a cost-effective alternative that helps firms remain competitive.
Here are a few tips on how your business could trim costs without cutting corners and achieve the bottom line of a winner.
The serviced office solution really stacks up
Japanese real estate is among the most expensive in the world. Landlords require cash deposits of between 10 and 12 months’ rent (outlays that are often not entirely refundable), whereas a serviced office offers risk-free flexibility, top-grade facilities, a good address and affordable rent—for a deposit of only one or two months’ rent.
This will not penalise the liquidity of your firm.
Reduce office costs, not corporate presence
Take a Virtual Office—it gives you all the advantages of a serviced office at a fraction of the cost of a physical office. Services include a high-profile CBD (central business district) address, local number with personalised telephone answering, bilingual support team, mail handling, as well as a workstation or place to meet clients in an upmarket business environment.
Mobile working = cost cuts + better work/life balance
Having some employees work from home or on the road with a Virtual Office as their base can improve your firm’s bottom line, employees’ quality of life and commuting time.
Firms of all sizes, from venture businesses to large corporations, can benefit from a free business lounge allowance and reduced fixed costs.
IT, serviced office leverage
Firms today need state-of-the-art IT solutions to ensure optimum productivity—don’t be satisfied with old technology. High-tech IT solutions that improve work efficiency and image include use of broadband internet, IP/VOIP technology, video-conferencing, in-house IT support, reduced call rates, online bookings, online facilities, shared equipment. All this can be at your fingertips without the related initial capital investments.
International CBD network
Many serviced-office operators allow tenants to also use an office at their other locations for several days per month, which is handy should you need to meet a client when you travel.
Support team: at your service, not on your payroll
Benefit from on-site professional support teams, but only pay for what you need, when you need it. Reducing the salary of one team member will make up for the cost of a serviced office.
There are many serviced-office operators that can make your business day. Compare prices, but mostly compare value for money and money saved.