Renting a traditional business space will incur a huge expense. You cannot even pay on a monthly basis or think of opting for the contract anytime you feel you no longer need the space as you are bound by a contract which is for a specific term. You also need to purchase furniture for your business along with necessary equipment, interior decors and also establish the entire business from scratch.
Renting serviced offices will come cheaper than traditional business spaces. However, the monthly fee will be a little higher when comparing it with the rental of a traditional business space as it is giving an advantage of paying it on a monthly basis. The scheme of paying will be on the basis of the pay as you use and they usually come with a lot of amenities and benefits which are extremely useful for the business.
• Flexibility with short term lease option
A shared office space in Sydney will offer short term lease facilities where the entrepreneur can pay at the end of each month for the facilities used. Since the term is short, the rentals are a bit higher and expensive. However the entrepreneur will get many benefits and amenities and the business will get more freedom if things do not go the way the entrepreneur wanted it to.
• Pay as you use facility
With such rental business space, you have the option of paying as you use the facilities. The amenities or facilities include staff facilities, like a receptionist or a peon, equipment, like copier, fax machine, telephone, internet service, mailing facilities, office furniture, meeting rooms, etc. You also have an option of hiring a conference room for an hour if you are meeting a client for just an hour or so.
• Test new markets
Split testing is the most effective marketing method which can help the business quite effectively. One can easily test new markets with such business centers in different locations without any long term investment or financing risk. This means that you can try different marketing locations and finally settle on the best which gives good return. It also means that there is less risk, thus less at stake.
• No downtime
Moving to new premises bring in its own downtime which affects the business flow. However with such set ups and ready to use space, the business does not get affected at all and business can function without any hindrance. Since all the communication system and equipment are easily available, one can easily start functioning as a fully functional business.
• Trained staff and quality equipment access
Such business centers come with trained staff and quality equipment since they charge for such stuff. They maintain the quality standards of such equipment and use advanced technologies. The staffs are trained and offer quality services without any bound contract.