Does Office Space matter in the Growth of the Organisation

The last decade of twentieth century saw a drastic change in the working of business enterprises all over the world. With the advent of World Wide Web, the boundaries of nations disappeared and the whole world was thrown open for enterprising business people.  The extensive use of internet has revolutionise way of doing business all over the world. The old way of direct contact between businesses, to buy and sell services is gone forever and in its place one finds a new concept of meeting in cyberspace through internet, online conferences and use of electronic media to conduct negotiations or sign agreements.  The concept of a virtual office is becoming very popular and the general trend is to avoid renting expensive offices in metro cities where office rent is exorbitant.

The latest thinking in the corporate world is that the growth of the organization does not depend on how big or small office is, it depends on how effectively you use electronic media to improve your business opportunities.  Major countries in the world have virtual and serviced offices which cater to the needs of business men who believe it is best not to burden oneself with heavy capital expenditure of renting offices and hiring personnel.  Singapore virtual offices and Singapore serviced offices cater to the needs of the modern business person. Office space Singapore reports many such instances when business venture working from virtual offices have succeeded.

• The growth of business does not depend on maintaining a posh office in an expensive location of a metro city.  It depends how easily you can connect with over sea clients and partners through internet.

• Virtual and serviced offices serve the need of having skilled manpower, provide established addresses to conduct business and take away the responsibility of maintenance and administrative headaches.

• The capital investment which was used to rent an office space, buy furniture, connect with communication network, is saved and could be used for more productive means.