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Which type of office space is right for you?

Which type of office space is right for you?
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Which type of office space is right for you?
Siobhan Stirling - Sharp Minds Communications by Siobhan Stirling - Sharp Minds Communications
Owner/Director - Sharp Minds Communications Ltd

You want to make sure that your business looks professional.  If you’re growing your company from home, one solution that will make it appear more substantial is moving into business accommodation. Although it has clear benefits, the maths doesn’t always work out – but that doesn’t mean you can’t present your brand in the way you want without breaking the bank.  We talk you through your options – and the pros and cons of each.

Virtual office 

virtual office is a popular choice for a new business, freelancer or start-up where premises aren’t needed but the company wants to start off on the right foot, with a professional registered business address. 

Pros

  • Costs: Fewer overheads compared to owning or renting a physical space.
  • Professional business address: Potential/current customers will see your base of operations as a business centre rather than your home address.
  • Added services: Virtual office packages can include their own phone number, answering service, use of meeting rooms (at discounted rates) and mail handling. 

Cons

  • No space for growth: Though virtual offices have the professional look of a business, it isn’t an onsite office where you can bring on new staff.
  • Lack of concentration: At the end of the day, you’re still working from home and with that comes a lot of distractions compared to a physical office with a business environment.
  • Work-life split: This can harder to achieve when you work at home. 

Managed Work Space

Whatever form your working space takes, whether it’s offices, workshops or studios, business centres offer workspaces designed for business people who need more resources than their own home or mobile working setup can offer. 

Pros :

  • Productivity: Being in an office can provide an atmosphere that is more productive and will separate your personal life from your professional life.
  • More space: This is an obvious one. If you’re moving into an office, you’ll most likely have more space, enabling you to set up more hardware, carry more stock and even bring in new employees.
  • Professional environment: You’ll have the right space for meeting new clients, investors and collaborators. 

Cons :

  • Costs: This is the biggest reason people don’t want to upgrade to an office; it’s bound to be more expensive than working from home.
  • Commitment: Going from your cosy home environment to a more professional office can be daunting, as it generally means you have to commit to a lease for a year or even more. 

CapitalSpace offers a wide range of different types of managed offices and virtual offices, meaning we can offer you the right solution, no matter where you are in your business development.  Flexibility is at the heart of everything we offer; we won’t tie you into a long lease, but instead offer easy-in, easy-out monthly licences.  Plus our friendly, helpful on-site management teams are there to help your business succeed by offering their experience and human touch in everything they do.  

To find out how Capital Space business premises could benefit your growing business, call 0800 107 3667