How Startups can use Virtual Offices
Building Startups is difficult. You have to not only figure out every detail of your business model, but you also have to assemble a team, determine your costs, shake hands with other business people, find space, etc. The list is endless. You’re creating something out of nothing, and that can be years and years of hard work to achieve.
However, that isn’t to say that you have to come up with details yourself, and that there isn’t help out there. Smart entrepreneurs know that the key to success in their startups is not to do everything yourself, but to build a good team around you. “No man is an island”, such as no business can be.
But you’ll have to allocate a good portion of your budget to attract top talent. Just as you want the best and brightest to be part of your arsenal, there are also many more entrepreneurs out there also building their dream and also seeking those people for their own startups.
So you have to budget carefully. And as anyone who has built a business in the past knows, it can be difficult to find funding, especially if your business model requires a large investment before it can start returning profits. Startups are built on early labour, and many fail before they turn profitable. Additionally, investors in your business want to know how their money is being spent, and if it is being spent well. That means you have to be smart with those investments, and save where you can, and spend where you need to.
Thankfully many companies have been built from exactly that premise: Saving you money on your own endeavours.
You can outsource email, accounting, graphic design, and even fabrication.
However one major cost center for startups is their space. Rent is high, especially in large cities, which of course, is where you want to be.
You and your staff may spend most of their time working from home. And there are definite advantages to that, especially when it comes to cost and time spent commuting. But working from home does come with two large caveats: How will your staff ever meet to discuss their issues, and how likely are you to be taken seriously as an Entrepreneur if you give someone a residential address?
Appearances can be powerful, and something as simple as the location of your business can give off the wrong idea.
So not only do you need space, but you also a prime address, and that will be especially expensive. With the need to save money in mind, Virtual Business Offices can help you.
With us, you’ll get a world recognized Bay Street Address. As well as professional phone answering services, mail receipt and forwarding, and even professional meeting spaces for when you absolutely need to meet your clients face-to-face.
Take a look at our plans, and get one step closer to building that business today!
Leave a ReplyWant to join the discussion?
Feel free to contribute!