Cost-Effective Solutions for the Business Start-Up
The steady rise of unemployment rates has provided many people with the motivation to follow their dreams of being an entrepreneur and place the job search on the back burner. Starting up your own company is always a bit of a challenge and in an economy that is not the best picture of profitability, people are even more wary and skeptical of how to go about it.
The cost of legal fees, supplies, employees, and other services are enough to have any up-and-coming entrepreneur second guess their decision. In addition, you have to establish a business address to grace your brand new business cards! It may seem overwhelming, but there are many alternatives to renting out a whole floor in an office building.
1. Shared Office Space: Instead of renting out an office building that you will need to outfit with a front desk, copy machine, new paint, etc. Try renting out just an office at Regent Business Centers. Our staff at all of our locations will take care of keeping the copy machine running, providing hot coffee for the masses, and will keep the reception area neatly furnished and presentable for your clients. Not only will you save money on the rent each month, but you will also save yourself the cost of high building maintenance, real-estate taxes, and long-term contracts with vendors.
2. Virtual Offices: Virtual offices are also great for businesses just starting out. With a virtual office, you obtain a physical presence for a low price. You are able to use the Regent’s prestigious address and location as your business address. We also offer mail reception and courier services.
3. Front Desk Virtual Services: You may not need an actual office but you are on the road closing those deals in different states and countries. Regent’s Front Desk Virtual (www.frontdeskvirtual.com) product provides you with a toll free or local phone number, voicemail and call transferring to any where you may be. You will also have the added benefit of using our locations in the US and our partner center Avanta Business Centers (http://www.avanta.co.uk/) located throughout the UK and India.
4. WorkDesk Program: If you are currently running your business out of your home but feel like you need some time away every once in a while, there is always Regent’s WorkDesk service. Regent provides a professional co-working environment that consists of a large open room with multiple places to work. Desks, chairs, and internet access are always provided and sometimes other things are included as well. For a small fee, you can visit one of our centers and use one of the workstations for the day. It’s a great way to be inspired by the other people who would be working around you and could get you out of tapping into the free wireless at your local coffee house.
There are so many options for companies just dipping their toes into the business world. Regent actually provides all four of the options listed above for a very competitive price and in a Class A building. If you have an questions on any of these or other Regent services, please email us at info@regentbc.com or call us at 888-616-6378.
Early Signs of Improvement in Demand for Serviced Office Space in London
Early signs of improvement in demand for serviced office space in London are being reported by Avanta Managed Offices, the London-focused business centre operator.
Avanta’s managing director, David Alberto, commented, “Despite the general economic challenges of the past 12 months, our business in London has remained remarkably robust. Avanta’s like-for-like revenue was up 27.5% in the year to March 2009 and like-for-like EBITDA up to £6.7m.
“Since year end, occupancies have improved and enquiry levels are up across the board. We are trading ahead of plan and demand is strong. Our focus on delivering high quality service has meant that renewals are well above average and we are grateful for the continued commitment of both our clients and staff. We are also encouraged by the fact that the last quarter has seen positive movement in workstation rates.
“Although it is too early to predict long term growth, our continued high levels of occupancy, increasing demand and early signs of rate growth are welcome and are testament to the strength of our business and bode well for the future. We are continuing to grow our business, taking over existing business centres in Mayfair and Edinburgh and have pipeline of new projects in London. ”
Avanta, has recently partnered up with Regent Business Centers in the U.S. which agrees. David Nadler, Managing Partner of Regent states “We are definitely seeing a stabilization in the industry and more people requiring our services. The market has changed and clients are requiring more prestigious space and locations as well as exceptional services.” Regent has been well known to be located in Premier locations and has generally been at the forefront of technology and services.
