Large structures like corporate offices are a waste of investment, even though they may brighten the skyline. A growing number of workers are now taking advantage of the luxury of working remotely while staying in constant contact with team members, thanks to the development of telecommunication services and digital workplace solutions.
Naturally, you want your company to keep all of the formal facilities of a physical office space, such a venue for client meetings and high-end coffee. You also need a place where you can gather the group for crucial meetings and team-building activities away from the noise and lack of privacy of a shared room. What is the remedy?
With a private office space, you may keep all the features of corporate office space on a pay-as-you-go basis. Continue to grow and extend your business by obtaining access to talent all over the world without jeopardizing your bottom line by leasing offices in expensive foreign locations. Let’s talk about private office space and some of the advantages it might provide to your SME or startup.
What is Private Office Space?
Similar to the open office spaces that are becoming increasingly popular, private office spaces provide startups and SMEs with a flexible workspace that can be rented by the hour or day. This type of coworking space is a turn-key office solution, allowing businesses to retain the same amenities as a corporate office setting without having to purchase or service the equipment.
Office space for rent is a preferable solution for tech companies that employ networks of remote workers. A private workspace provides a convenient location for a mid-sized team to collaborate on projects or present your brand with a luxurious image and setting to impress clients and investors.
5 Benefits of a Private Office Space
Less Overhead Costs
Printers, fax machine, scanner, boardrooms, TVs, commercial bean coffee machine and the water cooler can really add up. Besides purchasing office equipment, you need to continually service office equipment and hire people, such as equipment manufacturers on retainer for expensive repairs. With a private office, you are not only granted access to basic office equipment, but also state-of-the-art equipment that could make your brand stand out the next time you invite clients to the office.
With a bring your own technology (BYOT) team of remote workers, you don’t need to pay for office computers or an IT staff. With access to free equipment, this leaves more room to expand your business or offer other employee perks that improve turnover rates.
Rent as you go
A lease in Vancouver can climb to tens of thousands of dollars a month. Is it really worth it when you can simply leverage a team of remote employees?
A private office allows you to rent out separate offices whenever you need it. If you only need it for an hour or one day out of the month, then why sign up for a lease?
Best of all, if you’re looking to expand or move to a different location you don’t need to break a lease and waste money on a location that will sit dormant.
Keep All the Perks of a Legitimate Business
You can rent a private office to get access to your own physical mailing address and phone number so that customers can find you over the internet. Using tools, such as our VoIP solutions, you can actually route local phone calls to your HR department located halfway around the world. You maintain all of the typical business while completely cutting all of its overhead costs.
Nothing can completely replace face-to-face interaction, and it can be challenging for some team members to feel invested in your company when they work remotely. When there are six to eight people on the line, video chat can become difficult, making it difficult to conduct a brainstorming session or gather the team for a conference. Team members can get to know one another and bond in a real office setting, which increases their interest in joint tasks.
Work Flexibility is the Best Employee Perk
When necessary, you can gather your team in a private office space, but you can manage them remotely most of the time. Employees place a high value on their jobs and the flexibility of their work schedules. According to studies, work flexibility reduces vacation time taken by employees and lowers the employee turnover rate.
A private office space is ideal for mid-sized and larger teams and enables companies to connect with workers around the globe and bring remote employees together to enhance team performance. Our private offices are an excellent starting point for SMEs to save money and eventually scale to own their own corporate structures they can create amid a major city skyline because of their competitive cost.