For people who are just starting their first business or those who have always rented a traditional office they can become quite confused when faced with the option of opening or moving their business to either a serviced office or a virtual office. Some people get confused as to what the differences are between the two and others simply aren't sure which is the best choice for their business. Hopefully, this article will help clear up their confusion allowing you to make the right choice for your business needs.
A serviced office is an office building managed by a company that rents out office space on a continual basis to businesses for a period of time. You can rent the space temporarily (usually 3 to 6 months) or permanently (on a renewable lease basis). You then occupy the office and conduct your business or the majority of your business from your office. The company renting the space provides the furniture, the maintenance, and the security for the entire building. They usually provide meeting or conference rooms that are available for your use and receptionists who are shared among the tenants of the office. Office machines may also be shared between several tenants as well.
A virtual office on the other hand can be a call centre or can be an office building that supplies a live receptionist who can take calls for your business that is located at your home or a distant location. While it is a brick and mortar building with office space, meeting and conference rooms, a waiting area and even a kitchenette it usually only leases these spaces on an hourly or sometimes daily basis saving you from having to pay the high rent of long term rental yet giving you all or most of the conveniences of an office when you need it.
People who work on the road or from home on a regular basis and just need the services of a phone answering service or a receptionist to take messages and set appointments usually find a virtual office set up convenient and financially beneficial. They like the idea of being able to rent a meeting room on as needed basis rather than pay for an office space that they rarely use.
On the hand, people who need the benefit of a office on a regular basis but, simply can't afford to rent an office and hire full time staff or businesses that are expanding and simply need a short term extra space from which to conduct business until their larger office space is ready find that a serviced office offers them most of everything they need at an affordable price.
Some companies offer both serviced offices and virtual office solutions and will be happy to help you analyze your needs and see which is right for you. With both the serviced office and the virtual office the companies are extremely flexible and are willing to provide the best solutions to fit your business needs.
Looking for serviced office in Singapore? Check out Wangz serviced office here.
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The content is our own opinion and does not necessarily reflect the views of Wangz Business Centre.
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