Deciding whether to go for a serviced or virtual office depends on a number of factors, such as your job role, business type, lifestyle habits and working patterns. There are pros and cons to both and it’s important you pick the best solution for your business.

If you’re not sure which one’s for you, this blog can help you decide by looking at the benefits of both…

What is a virtual office?
A virtual office is essentially an office address that you can use as your business address. The address location is often a serviced office building, which helps perceive your business as an established business.

A virtual office address can be used on your website, marketing materials, invoices and company registration documents. Many virtual office providers also offer mail forwarding and call handling and some even have meeting rooms that you can use should you need to.

Who is a virtual office for?
Virtual offices are ideal for remote workers, small businesses, people who are on the road a lot and businesses that want to establish themselves in a new locality. Typically anyone that’s in business that doesn’t require a physical office space can benefit from a virtual office.

What are the benefits of a virtual office?

      • Increased credibility – If you’re running a small business but are not yet ready to commit to a serviced office, a virtual office is a great way to establish your business with a physical presence. It also makes you more visible online in local search results by having a physical address.
      • No commute – A virtual office is ideal for those that are conscious about their carbon footprint or don’t want to spend time travelling to an office every day.
      • More freedom – With a virtual office, you can work from home, a coffee shop, or anywhere you like. You can essentially run your business from wherever you want, while still having a professional business address.
      • Flexible costs – A virtual office can cost as low as £30 a month with most providers only requiring you to commit on a monthly rolling basis. This is great for small businesses that need flexibility while they grow.
      • Improves productivity – Some people are more productive when working from home and a virtual office allows you to do just that, while still having an office address.
      • More privacy – If you run your business from home, a virtual office allows you to have a professional office address so that you can keep your home address private.

What is a serviced office?
A serviced office is a complete physical office solution that is ready to use. The operators of the serviced office are responsible for the day-to-day management and maintenance of the property, all you have to do is pay a fixed rate each month to have your own office space. The cost you pay contributes to the day-to-day running of the building and all the basic amenities needed to run a business.

Who is a serviced office good for?
A serviced office is an ideal solution for small-medium businesses that need a physical space to operate within. It is also a great solution for businesses that need to regularly be face-to-face with customers or other members of staff in an office environment.

What are the benefits of a serviced office?

      • Meeting space – Whether you need to engage with customers in person or hold meetings with staff, a serviced office makes this possible. Many will also include access to a private meeting room and business centre.
      • Accelerate growth – Serviced offices can help small businesses grow. As you require more room to run your business, most serviced offices will be able to allocate you with bigger office space (providing it’s available).
      • Shared costs – Unlike a private office building, a serviced office means the costs are shared between all the businesses that operate within the building.  It also means you don’t have to pay for any set-up costs as a serviced office is ready to use.
      • Flexible agreements – Most serviced offices offer flexible agreements so that you don’t have to commit to long-term contracts.  This gives business owners peace of mind if their circumstances change or if they need a different size office.
      • Day-to-day interaction – Working remotely can be lonely at times and a shared office means you’ll get to interact with more people and have more opportunities to connect and collaborate with other businesses in your building.
      • Improves productivity – If you’re someone that gets distracted when working from home or coffee shops, a serviced office can provide a work environment to help you focus and be more productive.
      • Includes useful services – Serviced offices come with all of the useful business amenities (broadband, telephone line, printing, copying etc) as well as other extras such as unlimited tea and coffee.
Do you need a virtual or serviced office for your business?
Contact Workbench today to discuss the best solution for you!
Photo by Georgie Cobbs on Unsplash