Home Based Business with Virtual Office Link– Ideal for New Entrepreneurs

If you are at the starting phase of a newly setup business, using virtual office can be a great leap forward towards stepping confidently into the big world of business. This is vital as it does not make much sense to invest heavily in a permanent office when you can divert this money towards your business growth.

What exactly is a virtual office?

A virtual office is a business solution that provides all the facilities regarding office needs for a business to function from home or any other remote location. Virtual offices are mostly located in an upscale location in impressive multistoried buildings, and come with solutions like professional secretarial services, meeting and conference facilities. They also provide communication and office address services to users allowing them to reduce their investments on traditional offices while maintaining all the business related professionalism.

Virtual office Singapore provides various other facilities like providing space to operate business, hold meetings, train staff and organize meeting with clients. When utilized in a proper way, it is a great tool to embark your business with a professional image. Business owners employ virtual office services to portray themselves as reliable, professional and established firms, at the same time saving money on several of these aspects.

What are the benefits?

The fundamental reason for opting virtual office services is to gain all the facilities enjoyed by an established business firm at minimal cost. This saves money, which is critical for a business that is at its startup phase.

Thus, it is a good idea to start up a business working from home until it gets established enough to afford office space. But your home address for correspondence will not look professional to the majority of your clients; therefore, opting for a virtual office is quite essential in such a case. When you start a business from home having virtual office functionality, you’ve opened doors for a number of advantages and savings. You have saved on commutation, you have saved on lease, and you have saved plenty on office furniture and a number of other commodities, and what’s more important, you haven’t compromised on the services and facilities.

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.

Can your business utilize the virtual office facility in Singapore

 When a new business idea strikes you, you would want to start off your operations without wasting further time. You would require an office address in order to register your new company legally. Renting out an office space Singapore might cost you a lot of money. If you do not have huge amounts of money to start off, you would require alternate options to push off. Virtual offices are a great option to meet your initial business requirements. You would be provided with a premium office address with a local phone number when opt for this facility. There are many business domains that can run successfully when you choose this option. Let us take a look a few types of businesses that can make good use of the Singapore virtual offices facility.

Real estate agencies

The real estate market is a very promising business segment in Singapore. In order to start a real estate agency and perform your initial operations, you can use a virtual workplace. You would need to provide a local address and contact number to promote the name of your agency to get initial business. If you choose the virtual workplace facility, you can provide a premium address to your clients and ask them to contact you to get information about real estate deals. You do not have to meet your clients at the office initially and can get the calls transferred to your personal number and deal with your clients easily.

Contact centers

When you run an online service or an e-commerce website, you would have to provide a helpline number to your clients. Having a local address in the country would also help you in winning more business deals. This can be taken care of when you use the virtual workplace facility. The virtual workplace facility will provide you with a phone number with the local extension code which would help your customers to reach you easily. Even if you operate from another part of the globe, the local number and address will help you win more potential customers from Singapore.

IT firms

When you run an IT firm, you would have to deal with plenty of clients from around the world. Since Singapore is one of the most sought after IT hubs in Asia, a local address would help you to strike a lot of important deals. When you choose a virtual office in the country, you will be able to extend your services to the island country easily without investing too much of money and attract a lot of global clients.

Chartered Accountants

Chartered accountants are highly in demand in Singapore. Most of the huge business concerns would require the services of a team of expert chartered accountant in order to serve their auditing and financial requirements. When you start off, you can gather a team of efficient chartered accountant professionals and serve the requirements of your clients without using up any physical space. All you need would be a local address and a local contact number to communicate with your clients. Once they contact you, you can get back to them and visit their companies to serve their needs. This can be done using a virtual workplace facility.

Law firms

In order to run law firms, you do not always require a physical office. You would be dealing with various legal requirements of your clients and this can be done by meeting your clients at their offices. Singapore serviced offices and virtual offices would be ideal in meeting the client requirements once you have a good team of legal professionals by your side.

Service offices are Part of Modern Business Environment

Modern business is a global phenomenon.  It is conducted in many places and countries of the world and the modern businessman is truly global in character, he hops from country to country looking after his business interests.  The modern trend in business is to hire a serviced office or make use of a virtual office where all the facilities are provided.  Singapore has the major business hub has many facilities to help. Office space Singapore caters to all the needs of the clients.  There are a variety of Singapore serviced offices and Singapore virtual offices to chose from.

There is a difference between a virtual office and a serviced office. A virtual office provides a communication and address services for out of stations business personnel.  It has an answering, virtual assistant and phone answering service.  A serviced office is a set of furnished suite complete with regular furniture, communication facilities and a receptionist who handles routine office activities.

Singapore is the hub of global business activity and has both serviced and virtual offices to cater to the needs of overseas businessmen.  However, it is better to examine six crucial points before hiring a serviced office in the country:

1. Make sure the cost of hiring is within your budget and there are no hidden costs involved.

2. Do not hire sophisticated equipment if you are just having an ordinary business meeting and do not need a big touch LED touch screen and state of the art recording system

3. If you can conduct your business from your hotel room and just need virtual office facilities do not fall for sales talk and hire a serviced office

4. Check before taking charge of the serviced office suite that to see that it has all the facilities you have paid for.

5. Check if it has adequate security system; industrial and business espionage is rampart in all parts of the world and you do not want your sensitive information to leak out or become public.

6. English is a business language is used in all business transactions; however, if your mother tongue is not English, look for a bilingual person who understands your requirements easily.