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Startups can be difficult to build

How Startups can use Virtual Offices

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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! 

 

Franchise Owner Working from Home

The Advantages of a Virtual Office for Franchise Managers

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Running a franchise, while having your home as your business address may not represent the best side of your business. However, a virtual office with a premier address in Toronto shows others that you mean business.

Convenience

Having a virtual office allows you to avoid all of the daily annoyances of commuting. Nobody enjoys an hour long trip where you find yourself standing squished between a wall and a group of sweaty bodies on the subway. Working from home allows you to stay inside; this way you not only save energy, but you also save a significant amount of time. This way you can yell at your employees for slacking off from the comfort of your own home! Simply dial the number of your franchise’s location and commence shouting. How exciting!

Cost-Effective

Working through a virtual office saves the cost of renting out a physical space elsewhere. Consequently, you will find yourself gradually saving money since you will not be factoring in a cost of rent.

If you are adamant on a space downtown, you will find the cost of rent is not very forgiving. Therefore, it would be most beneficial to search for smaller spaces in order to avoid spending a large amount for an extra 50 square feet.

Not only is the rent of the physical office going to rack up a large bill every month, but you must also consider the cost of commuting. Whether you take public transit or you drive yourself, you will find a significant chunk of your paycheck going towards the trip to work every day.

As briefly mentioned earlier, this idea of a virtual office is essentially the concept of saving a small piece of each paycheck and putting it into a savings account. Rather than this, you are saving pieces of your paycheck by eliminating the cost of commute.

Overall, it is simply much more cost-effective to use a virtual office rather than sacrifice an arm and a leg for a physical office in an expensive neighbourhood. If you have this opportunity for a virtual office,  the only downside is if you wished to share a workspace with your coworkers.

Credibility and Legitimacy

A virtual office gives an impression that you are working for a professional business in a prestigious location. Rather than having your cell phone number as the main form of contact and an unfamiliar address, a virtual office allows you to use an address that suggests your franchise is legitimate and successful. Imagine having your business card include an address for Bay Street. This address will be easily recognized.

On the contrary, 9092 Dirt Boulevard is not going to impress any potential clients. If anything, they might have a disgusted expression on their face because your business is located on a street called Dirt Boulevard…

Morale

A virtual office will improve your mood even if you can stay home only once per week. Being able to get away from the workplace every now and then will give you a chance to catch your breath and feel refreshed for the next time you may have to go in for the day. It may also be good for your employees since they are most likely uptight when you, their boss, is around. You will find that you are not as drained as a lot of your day at work might be devoted to sitting in traffic or waiting for transit. Imagine looking out the window, seeing horrible weather, but realizing you do not have to face those terrible conditions. How satisfying is that? That will definitely have you sighing in relief and perhaps a maniacal laugh at the thought of those who are standing in the rain waiting for the streetcar that is running late as usual…

So if you’re ready to take your franchise business to the next step, then take a look at our available packages and start your Virtual Office today! 

Virtual Business Address

Why do you need a Virtual Business Address?

What is a virtual business address, anyway?

I’m going to answer a question with a question, so bear with me here: do you work from home, or from a country other than Canada? If so, you probably need a virtual business address. At Virtual Business Offices, a virtual business address means that you use our prestigious Bay Street address, and we collect and forward all of your mail/packages for you.

Your clients need to think that your business is established, and physically present in Canada. Getting mail sent to a P.O. box to be forwarded to another address, whether residential or out-of-country, is hardly the most professional image you can convey. There’s nothing worse than that sinking feeling you get when you see the business card that someone handed you has a P.O. Box address on it. It positively reeks of “amateur hour”, and if your business is primarily from home; well, amateur hour is the last feeling you want your clients to have.

If your business is based in a country other than Canada, then a virtual business address is also necessary, at least until you expand your operations and need an office. It adds legitimacy to your Canadian operations, and allows you to have a much larger presence. Your clients won’t have to deal with the hassle in sending cheques internationally, and you can use your new virtual business address as the ‘home base’ for any Canadian subsidiary that you want to register.

A virtual business address takes most of the headaches out of expanding your business to Canada- and does so for a lot less than renting office space would cost. Similarly, if you’re working from home, you might not need an office to handle your day to day operations- but your clients don’t need to know that.

So take a look at our packages, and sign up for your Virtual Office today!