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How a serviced office could help fuel your growth

Posted on Thursday, October 13th, 2016 | Flexible Offices

Reaching the point where you need to take on staff for the first time or expand your current team is a proud moment for any business owner. It’s a sign of success.

But growth brings challenges and one of the key problems you might have to face is space. Your current HQ (which might even be your home) or office might simply not be big enough to accommodate more people. What do you do?

Do it yourself?

You could try to find your own new office, of course. Searching for traditional offices can take time and you’re probably busy enough managing your business. And even if you find somewhere reasonably quickly, you may have to pay a big deposit, sign up to a longer-term lease and possibly fit it out and furnish it yourself. It involves risk, commitment cost, and hassle you could probably do without.

You may also need to take another staff member to take care of your reception, which could add to your HR duties and wage bill. An easier, cheaper and less risky solution for your business could be to move into a serviced office (sometimes called managed offices).

Greater flexibility

Many more businesses in the UK are now using serviced offices and demand remains very strong. In 2014, there was a 3.6% growth in serviced office centres in the UK. There are now estimated to be 2,335 in the UK (source: The Instant Group), and almost a third of these are in Greater London, but they’re available in most of the UK’s larger towns and cities (where they also continue to grow).

As explained by the Business Centre Association: “Serviced offices deliver absolute flexibility – you can move into a serviced office location within days (faster if necessary) of viewing the space and agreeing contract terms. You have the flexibility to increase or reduce the amount of space you require according to your business needs. Licence agreements are typically offered from periods of just one month upwards.

“Serviced offices are furnished offices and most include utilities (electricity, water, heating), cleaning, service charges, buildings insurance and maintenance costs. Usually, this is reflected in an all-inclusive monthly fee.”

Save time and money

Another clear benefit is that responsibility for maintaining and managing the office and building rests with someone else. And as part of the deal you get a dedicated receptionist (saving you time by filtering pointless calls and visitors), as well as administrative support, telecom and IT infrastructure and broadband access. Additional facilities typically include conference and meeting rooms, office furniture, kitchen, bathroom facilities and round the clock security.

So, opting to take on serviced office space can enable you to find the space you need in the right place so you can move in (and on) quickly. You can also limit your overheads, gain professional admin support and operate within a modern, professional office environment. Choosing a serviced office can also free up time so you can concentrate on growing your business and becoming even more successful.