Special Advertising Feature
One word sums up why so many businesses – from one-man start-ups to larger established companies – are renting shared office space.
That word is flexibility.
By renting an office by the month, week, day or even by the hour, a business is no longer beholden to the contract. The space it occupies and pays for can grow and shrink in accordance with not just its size, but its needs specific to that period.
Companies such as Servcorp realised long ago that flexibility is not just attractive for businesses, it could very well be the difference between success and failure, as rent forms such a large proportion of a firm’s overheads.
Flexibility also describes the options that Servcorp provides its clients, with a range of different solutions designed to suit the needs of an ever-changing and increasingly demanding market. It has five prime locations in Singapore, each offering four different packages.
The simplest and cheapest co-working option (packages in Singapore start at just S$350 a month) is hot desking. Simply turn up with your laptop, choose a desk and start working.
You don’t just get the desk though, it comes with fast and secure WiFi, a full secretarial team and access to printers, copiers and scanners.
There are also versatile and stylish event spaces ideal for product launches or presentations. For a little more a month you can opt to use the 5-star address as your corporate address, have a landline number and receptionist.
On top of all that you also get to meet, socialise and network with a 40,000-strong community of like-minded people, either in the office itself, at the coworking lounge or at one of the free weekly events.
Those who want to have the assurance that they will have the same high-quality desks, complete with stunning views and the right balance of natural lighting can look forward to dedicated desks. As the name suggests, the desk is theirs whenever they need it, twenty-four hours a day, seven days a week. Again, it comes with the first-class facilities, networking opportunities and the option to add in the use of a landline, receptionist and the address.
Your Own Private Office
For those who prefer a traditional office experience minus the inflexible yearly contracts, Servcorp offer sophisticated, furnished, private offices in each of their five locations on the island.
The offices, all with stunning views, natural lighting, secure high-speed WiFi and your own secretarial team are dedicated to you, so you can host guests in the privacy of your own rooms, while still benefitting from the option of networking with the community from other offices in the shared spaces and weekly events. You can also use the address on all your business collateral as well as your website.
You may be forgiven for thinking that virtual offices are a recent phenomenon, but they were invented by Servcorp more than three decades ago.
They represent the ideal way for small and medium businesses to gain the status that a prime office address gives them. It is a means of achieving more easily, quickly and successfully than any amount of marketing and advertising.
In Singapore, any business no matter how new, how small, can take one of the five stunning business addresses as their own. These include two in the beating heart of the CBD and another in the Marina Bay Financial Centre. Alternatively, clients may want to give their business an international edge by choosing any one of the more than 160 offices located in 54 cities around the world.
Those offices include some of the most iconic addresses on the planet such as One World Trade Center in New York City, London’s Leadenhall Building and even Louis Vuitton’s headquarters in the French capital.
It is not simply a case of having a famous address on your letterhead however, there is a genuine business case for using virtual offices. Recent research shows that two thirds of potential customers will not consider doing business with someone who does not have an address in their city. That is a huge swathe of the market that you are ignoring, and one that can be tapped into simply by using a virtual office.
Join the Club
For those not yet willing to go the whole way and rent a hot desk or office, there is still the option of membership which comes with a lot of the benefits mentioned already but for only S$60 a month. For that, you get a free hot desk one day a month, and access to all the boardrooms, coworking lounges and meeting rooms at special rates.
You can hold events, interviews and presentations in dedicated areas as well as taking advantage of Servcorp’s on hand team of bilingual secretaries. Last but not least, it is also the most cost-effective way of being part of one the world’s largest and most dynamic business communities, with countless opportunities to network and create meaningful and mutually beneficial contacts.