It’s undeniable; the modern workplace has seen a drastic shift towards flexible working and working-from-home options. With overwhelming costs and related administrative burdens, brick-and-mortar offices are no longer viable, leaving behind one smart option for growing businesses: flex offices. That’s exactly why coworking spaces have grown so much over the past few years and continue to transform the way businesses operate.
Providing your customers with virtual offices gives them the opportunity to cut down on rent, travel costs, and administrative fees. Additionally, with a virtual office setup, startups can operate globally without any geographical limitations.
Let’s walk through the three main advantages of having a coworking space and offering virtual offices for startups:
Affordability
If there is one thing that preoccupies any entrepreneur’s mind, it’s business costs. One of the main benefits of operating a virtual office is that you don't need to pay for expensive office space in an expensive area.
Coworking spaces are helping startups save money, all while making their own profit through membership fees, leases, and equipment rental.
As a coworking space, you are making revenue by providing businesses with a more positive work environment and helping them save money by freeing up more capital for investment in other areas such as marketing or research and development.
Additionally, since remote work is becoming more accepted, it can also help with recruitment since staff members no longer have to worry about commuting long distances to get to work. In other words, you eliminate the need for exhaustive upfront capital and you can offer better working conditions.
You can also open other revenue streams by offering virtual office services.
Flexibility
With a virtual office setup, entrepreneurs can enjoy the flexibility of working from wherever they choose. With technology like cloud storage and video conferencing services, it's now easier than ever for companies to stay connected and collaborate on projects without having everyone in one physical location.
This gives startups the opportunity to hire personnel from all around the world who may add value to their team but would otherwise be inaccessible due to geographical constraints; which in turn gives you the opportunity to grow your business and open more coworking spaces and serve a larger audience worldwide, not just in the US.
By offering virtual offices, coworking spaces enable businesses, as well as themselves, to reach new talent and tap into new markets and revenue streams.
Legal Benefits
The last thing a startup wants to worry about when trying to focus on its business goals is getting lost in legal processes. Having a virtual office also offers several legal benefits in terms of taxation and liability protection.
Depending on where their business is based geographically, there are certain jurisdictions that offer tax breaks or other incentives when setting up in their area. With SphereMail, business owners in remote geographic locations are able to take advantage of the same opportunities as their local counterparts. There's no need to worry about the expense of setting up a physical office – our virtual office solutions provide a wealth of benefits no matter where you're based. Don't let geographical boundaries limit your business.
And with our SphereMail software, you can easily manage your customer’s mail and paperwork without having to worry about security issues. You can ensure total data security for all levels of business! Our white-labeling options provide you and your customers with a secure platform to exchange private data. We make sure that your workspace, customer/entrepreneur, and their clients are always safe. We understand the importance of confidentiality when it comes to exchanging sensitive information, so we offer reliable encryption to keep all data secure. Plus our accessible interface makes it easy for everyone involved.
What's more, you can customize visuals and content according to your brand identity so that customers never have to know they're not dealing directly with you. Our white-labeling options also allow for further personalization and secure data transmission, meaning that confidential documents and information remain secure without ever having to leave your current area.
As a coworking spaces owner, it’s important for you to make your message and goal clear. In order to grow and expand their coworking space, startups need to understand that operating out of a virtual office allows them to have a professional presence without breaking their budget over owning a brick-and-mortar office space; they get access to all the necessary amenities like meeting rooms and administrative staff; they get an environmentally friendly workplace allowing you both to invest in sustainability and decrease your carbon footprint; finally, they get access to all these benefits at a fraction of the cost compared to setting up a traditional office space.
Coworking spaces are not only revolutionizing the workplace, but with their growth rate, over 70% become profitable within two years of their opening. By relying on SphereMail, coworking operators are looking at an increase in revenue within 61% of their business operations.
Virtual offices have opened up many possibilities for today's entrepreneurs looking to start businesses from home or somewhere outside their local area. With increased flexibility and accessibility along with access to global talent pools as well as legal and tax benefits, there are endless reasons why setting up a coworking space could be beneficial for you!
How SphereMail Helps Facilitate Operations for Coworking and Flex Spaces
As a team, you’re probably already using popular integration, storage, and communication tools such as DropBox, Email, PC Storage, and/or Google Drive. However, SphereMail offers a range of automated features that can speed up your workflow with a piece of mind regarding data security.
SphereMail offers:
SphereMail is always looking for ways to help our clients and their businesses expand their reach. But most importantly, we want to make sure that no money is left on the table. SphereMail is here to support you with whatever your business needs. We offer a wide range of white-labeling options, and with over 12 years of experience in the industry, we’re confident our team can assist you in fulfilling all of your business operations with the utmost professionalism. Visit our website for more information or to get in touch with one of our experts.