Managed offices are growing in popularity over the past few years. In this blog post, The Office Pass (TOP), the largest coworking provider in the Delhi NCR market with 12 coworking spaces, determines whether or not they are a good option for Small Businesses. To help us decide, we need to take into account many factors, such as the ones listed below:
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5 Reasons why Managed Offices a Good Option for Small Businesses
- Flexibility of lease terms
- Cost-effectiveness
- Basic office services
- Professional setup
- Time convenience
1. Flexibility of lease terms
Managed offices come with flexible lease terms, which enables small business organizations to easily scale up or downsize as and when their needs change. This also means that small businesses need not get into long-term commitments and financial risks involved in traditional leases for office space. This is super critical for small businesses as their manpower requirements can change suddenly based on the company receiving one large contract. This is normally not the case with large enterprises as their order flow is more predictable.Â
2. Cost-effectiveness
A conventional office space can sometimes prove quite expensive for businesses. There is a tremendous cost involved, such as rent, payment for utilities, and furniture and furnishings. The pricing models offered by managed offices are rather affordable and flexible, based on the unique need of the company. In addition, these offices generally provide all required infrastructure and amenities under a single invoice payable every month. This includes the cost of phone and internet connectivity, furniture, cleaning and maintenance, and other essential amenities.
3. Basic office services
Small entrepreneurs can enjoy the comfort of shared facilities at managed office spaces, such as meeting and conference rooms, high-speed internet connectivity, printing and copier facility, reception service, and access to a fully functional Cafe. This helps them keep the cost under cheque while enjoying the common services.
4. Professional setup
With a managed office, small companies can enjoy professional work decor. Facilities like office furniture, meeting rooms, reception area, and the like can considerably enhance the image of a small company, particularly before clients and investors.
Also Read:Â 5 Benefits of Managed Office for Growing Businesses
5. Time convenience
Time is of value in all walks of life and when choosing a managed office space, this factor needs to be taken into consideration. Small businesses can save a considerable amount of their time since managed office spaces do away with time investment in an office setup, administrative tasks, and office maintenance activities. Small businesses can in turn concentrate their time and efforts into other productive tasks, such as client deliveries, business growth, and product development.
The benefits may be many; however, some people believe that managed offices may not be the ideal option for small businesses. Here’s why:
Why managed offices not the ideal option for small businesses?
1. Limited customization options
Most managed offices come with pre-configured and standard layouts or design patterns. This means that some companies or entrepreneurs may not find these pre-designed spaces befitting to their unique needs or employee strength. Some companies may also wish to personalize the office space to promote a more creative and productive work environment, which may not always be possible in the case of managed offices.
2. Limited option to scale up
Sometimes as a small business prepares to expand or grow, it may find it difficult to accommodate itself in the same managed office space. Expansion within a restricted physical area may seem difficult and also involve negotiations on new lease terms or the need to look for alternative workspaces and relocate altogether. This may result in time and resource wastage for small businesses.Â
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It may be concluded that managed offices can prove to be suitable and unsuitable both for small businesses, based on their unique requirements and preferences. It is therefore best to assess your needs and take into account the various aspects detailed above before choosing an office space for your business.
The Office Pass (TOP) offers managed office spaces in Delhi, Gurgaon, and Noida regions. All of these offices are fully equipped with essential amenities, such as meeting and conference rooms, high-speed internet connectivity, tea and coffee machines, and a warm, welcoming ambiance. If you’re looking for a managed office near you, call us on 08999 828282.
