5 Reasons to Use Virtual Offices as a Growth Strategy
If you’ve got your eye on a cosy spot in the Philippines market, you’ve clearly got a lot of foresight too. This corner of the world is growing fast and, with a healthy, fertile economy, it has plenty to offer entrepreneurs and investors. Nevertheless, expansion into any new market is tricky. It has to be managed very carefully so that development is fully sustainable.
photo/ public domain photos via pixabay
Fortunately, Manila has become a bit of a magnet for corporate vendors and providers; many of whom are benefiting from the same perks as entrepreneurs. For instance, there are now a number of superb virtual office providers in the capital. They are proving to be a big hit with startups and smaller companies because they are built on flexible routines.
Keep reading to find out why virtual office solutions are a great asset for growth, expansion, and long term development.
What Is a Virtual Office?
First things first; what actually is a virtual workspace and how does it differ from traditional office environments? Well, in many ways, it is exactly the same. It certainly provides all the same resources (broadband, receptionists, IT support, communications software, etc.)
These buildings do contain physical work environments, where you can go and carry out tasks. However, they’re primarily designed to be used as administrative support for your own offsite routines. Check out Servcorp’s virtual office solutions in the Philippines to find out more.
Negotiable Terms
Virtual offices are leased in a very different way to conventional real estate. The monthly access fee is structured according to a rolling system, so there are no contracts, as such. You can terminate your agreement at any time or change the terms of your service package.
Prime Locations
As the rates are negotiable and the resources are shared among all tenants, virtual fees tend to be much lower than conventional rent prices. This is true even in the most prestigious parts of Manila. You can bag yourself a prime spot and use the address for your business mail.
Administrative Support
The finest virtual providers offer a varied range of administrative and logistical resources. They have ‘in house’ secretarial teams and PAs, who can help you with accounting, mail sorting, telephone calls, and much more. They are hired on a ‘one off’ or a rolling basis, as you desire.
Minimal Downtime
Whether you’re launching a new venture or expanding an existing one, setting up a base of operations takes time. With a traditional office, you need to sign contracts with multiple utility providers. With a virtual workspace, cleaning, heating, and lighting are in place from day one.
Room for the Future
The money that you save on rental fees, logistical resources, full-time employees, and ‘location tax’ can all be channelled back into your plans for future growth. As virtual offices don’t bind you to any specific lease period, you’re free to upgrade and evolve whenever the time is right.
How to Find a Great Office in Central Manila
There are a number of virtual offices in downtown Manila. For instance, you’ll find two such premium facilities on Ayala Avenue. This location, in particular, is a very special one, as it is home to many of the biggest brands in the Philippines. This is where you should start your search if you’re interested in trying virtual office solutions.
Author: Albert Clamark
