These days, small businesses that cannot afford a traditional workspace have a lot more options at their disposal than ever before.
If they cannot afford to rent a dedicated office for their company, then they can make good use ofeither virtual office space or serviced offices.
With a virtual or serviced office, Asia Pacific becomes much more accessible to the average small business, which can then set themselves up in Shanghai, Beijing, Singapore, Seoul, Jakarta, Bangkok, Manila or Kuala Lumpur on a very modest budget. However, what exactly are the differences between virtual and serviced office spaces?
Serviced offices are work spaces that can be hired from a third party company. That company runs the office, hiring out space for varying amounts of time to businesses who want to make use of them. This means that firms do not have to tie themselves to long and expensive contracts, but can access office space and their facilities as and when they need them.
Serviced workspace comes with many benefits, such as pre-exiting fixtures, secretarial staff and computer systems, not to mention a usually great office address.
Virtual offices are basically work places that have no physical existence for the company. They essentially consist of a receptionist and an address, so companies can have all of their calls and mail forwarded to there. Some virtual offices also have meeting space and conference rooms that can be rented by the hour.
While, they are not normally as effective as serviced offices, which can be utilised to the full, virtual offices do have their place for some start-ups.