Over the last decade, the number of virtual offices in Singapore has soared. While they are still considered an ‘alternative’ way to lease, businesses are realizing the benefits of a flexible work space. With Servcorp virtual offices, for instance, contracts are always open-ended.
Entrepreneurs across Singapore are using digital technologies and remote routines to expand their reach and escape the limitations of distance and culture. When you go virtual, there are no boundaries. There is no physical, tangible office, so you never have to be tied to it. Working from home has always been a safe haven for startup entrepreneurs. With Virtual offices, you can add credibility to your business name without using your home address.
This article looks at the benefits of virtual leases and explains why your business needs one.
They Come with a Top Spot
When you work with a virtual provider, you get the benefit of an address that is right at the heart of the action. This might sound strange, considering the fact that virtual offices don’t include physical space. However, tenants are encouraged to claim the central facility.
The way it works is virtual tenants pay for access to a ‘cloud’ suite of resources. These tools and features are managed over the phone or via the internet. There is no privately held address, but businesses can use the central location as their own on company mail.
Preparation and Planning Is Minimal
Another huge benefit of going virtual is the ability to just start. Without the physical space to set up and prepare, there is very little maintenance required. In fact, most vendors will register a new tenant within hours and grant access accordingly.
You’re paying for fully prepared ‘ready to go’ resources. As a result, there is minimal downtime between making the decision to lease and using the virtual tools. It is part of the reason why virtual offices are so popular. No money or opportunities are wasted while waiting to get started.
You Can Customize the Terms
The virtual office is the only leasing arrangement that allows tenants full control over what they use and how much they pay. With no closed contracts and no obligation to pay for mandatory services, it is easy to customize the rental package. This is a great way to avoid waste expenditure.
For instance, if you don’t need a receptionist, you could save that money and invest it in growth or a more useful asset like web development or recruiting remote employees. With this ‘pay as you go’ model, managing your money has never been simpler. This is a huge benefit, particularly for smaller businesses, with tight budgets.
Enjoy Round the Clock Connectivity
It’s important to realize the potential of virtual workspaces. It’s true that they lack the physical space, but this is not a sacrifice if you have the right business plan. It can actually open up new opportunities. For instance, an increasing number of small businesses are expanding overseas.
It is getting easier to build a global empire, precisely because corporate tools and resources are growing more flexible. With a virtual office, you can operate 24/7 manned phone lines that allow you to communicate with customers all over the world. Connectivity is key to success.
Why the Virtual Office is Your Ticket to a Brighter Future
Virtual office solutions provide more than just flexibility. They also take away many of the risks and frustrations associated with long-term leasing. Tenants pay for more than just a phone line and an address. You get the chance to exist as a business in any location on the planet.
It is common for virtual providers in Singapore to give their tenants full access to a global network of offices. So, you may settle in this region, but choose to drum up interest in other parts of Asia with the support of virtual facilities.