by Courtney Ramirez on August 23, 2010
Virtually all types of business require office space of some sort – whether it’s a small office or a large complex. If you’re just getting into business or are looking to cut costs, you’ve realized that office space drastically increase your overhead expenses. Although office space is essential for running your business, there are other options that can minimize the costs of office space but still leave you with all of the benefits.
Shared office space, often called serviced office space, business centers or executive suites, are shared with other businesses, as the name implies. In a shared office space situation, you’ll have access to the business facilities that you need without the high cost and risk of running your own office. You’ll typically get mail handling, telephone services, Internet access, printers, copiers and physical office space where you can meet clients. All of this adds up to a smart move for your business.
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by Courtney Ramirez on July 21, 2010
If you are shopping around for business center services you are no doubt coming across a variety of different plans, options and pricing structures. This may be a bit confusing as you conduct your search because you aren’t sure what option will best fit your business. Should you get a full service package? Will a virtual address be enough of a business presence for you?
Rather than put off the decision any longer, here is a quick guide to the major factors that should go into your decision of what type of business center space to get. Here are some questions to ask yourself to help you determine which type of plan is right for you.
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by Keith Warner on May 25, 2010
Is your business planning on expanding? Do you have a growing need to develop your presence in another region? Are you concerned about the risks and costs of setting up a second (or third or fourth) office? Alleviate your fears and keep costs down by using a shared office space first.
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by Nick DeGraff on April 1, 2010
Judging your options based on a simple equation of price divided by square feet when looking for office space is an easy trap to fall into. Any business owner knows the cost of the square footage for their office space is only one line item in their office space overhead. Before you jump to a financial conclusion you might regret, take a step back - What really makes up the total cost of occupancy? How do shared office spaces reduce the total overhead for a company?
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by Nick DeGraff on March 31, 2010
Pam Fosbenner started out as a tenant, but took over running the center when the manager at the time retired. According to Pam, “I really like the environment and all that an office business centers provides for it’s clients.” I recently had an opportunity to interview Pam, now area manager of two of our Silicon Valley office space locations including our San Jose office space. Pam shared with me some of her insight that she has gained over her 13-year career managing shared office space and what she envisions for the future.
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by Nick DeGraff on December 9, 2009
Subleased office space has become an attractive option for many companies over the past year. Markets have seen a 122% (!) surge in subleases according to figures released by Cushman & Wakefield. As businesses cut overhead costs, subleased office space looks more and more attractive … but it is not the only cost cutting option for your office space, and frequently not the best.
Shared office space, also called ‘office business centers’ or ‘executive suites,’ have been around forever and provide a similar option to sublease office space – primarily lower cost vis a vis traditional office space as well as easier lease terms. However, shared office space comes with important advantages over subleases.
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