Why Virtual Offices Are Essential To New Businesses

By Author: Simeon Howard
Total Articles: 4762
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Entrepreneurs are faced with numerous challenges when starting a new business. Even the most well thought-out plans can be challenged and never quite pan out as perfectly as intended. There are always things that you haven't thought of or expenses that turn out to be much more than expected. Sales take a while to generate and for most entrepreneurs, the first few months are spent biting nails and hoping the next phone call isn't from the bank manager.

Things to Consider When Setting up a New Business
A big thing in setting up a business is the administration of physically setting up an office. There are telephone lines, internet cables and wireless modems to be installed. There's signage and office furniture to be purchased, staff to employ and often, if you occupy retail or corporate office space, you have to commit to a long-term lease of three to five years or longer. Before you know it, much of your start-up capital is spent and you aren't yet earning an income. Statistics show that 70 percent of new businesses do not survive the first year, and a further 20 percent don't make it past five years. There are ...
... many contributing factors including a lack of sales and management skills that cause these statistics but a major reason is that a large portion of these businesses simply can't keep up with the expensive rent payments and operational expenses. Without trying to scare you from following your dream, it's important to be aware of these statistics so that you consciously look for ways to keep operating expenses as low as possible, especially in the first few years.

What is Important in Getting a New Business off the Ground?
No matter how ingenious your invention is or how efficient and professional your service is, unless you sell it to people, they will not buy it. As a result, you won't make any money for your business. One of the biggest challenges for a new business is getting a reputation so that people will trust you enough to buy from you. People want to know that your product offers them some benefit and that if they have any queries or if some part of it breaks that you will still be around next month to attend to their query. Building a reputation takes time, money and a lot of dedicated hard work. That's not to say that there aren't some modern conveniences that you can benefit from to help your business grow.

How a Virtual Office Helps You
What if there were a way that you could have a professionally run office without having to go through the administration and expense of physically setting everything up? A virtual office offers you just such an opportunity. Most importantly, there are massive cost-saving benefits, something that can make a huge difference in the success of a small start-up business. First of all, you are not tied into a long-term lease. It's a simply month-to-month contract that you can cancel at any time. Because of the way a virtual office works, your business can immediately get allocated a phone number that will be answered by a professional receptionist. This already creates a good impression with prospective clients and sets you on the right path to winning over their trust. In addition, you can select a prestigious office address for your virtual office that you can use on your website and stationary. This will help your new business gain a level of prestige and reflect that it is a successful operation.

How Will These Virtual Office Benefits Help Your New Business?
The simple answer is that you are getting more while paying less. What a virtual office provides is efficient and professional office administration at a fraction of the cost of setting it up yourself. Virtual office companies can do this because they offer similar services to hundreds of other companies and can consolidate their resources. They employ professional staff to man the telephones, forward your mail and messages, and effectively run your front office for you. This means that clients are happy and well taken care of and you as an entrepreneur can focus on growing your business. Your reputation becomes that of a professionally run business and most importantly, your operational office costs are kept to a minimum. You do not have full-time employee salaries to pay or large phone bills and office rental costs. This takes the pressure off your cash flow and frees up more working capital that you can invest in marketing efforts. It's the smart way to start a new business and will go a long way to ensuring that your new business is one of the 10 percent that succeeds.
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At YourCityOffice.com our virtual office technology makes us unique, by integrating Bespoke Software developed by Open Design Systems, the groups Graphic