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Expert Answers to Biz Questions
Listen in! Pick up some expert advice to a reader's question that we selected from CyberSchmooz.
How Virtual Offices Have Enabled Businesses To Restructure
Hong Kong has one of the best reputations around the world as a leading business centre. Business is such a priority that the average worker spends an excessive amount of time at work, and when at home, dealing with work-related issues. Salaries are high, but so is the cost of living.
In fact, Hong Kong rates right up there with London’s West End and New York City when it comes to office rental costs. Because of the ridiculously high price tag that comes with leasing space in places like the Central District and Kowloon, it makes leasing space, and more importantly, having access to people and resources in these premium locations very difficult, even impossible. Fortunately, today’s businesses no longer have to worry about finding space in a market where space is not only valuable but extremely expensive.
Keep reading to learn how the virtual office is changing the modern office in Hong Kong.
The Office Space Problem
One of the central problems facing prospective business owners is that the province is a densely packed area with very little room to grow, and then there is the expense. Furthermore, the crowded commercial real estate market makes it even more difficult to find space. For this reason, many businesses are forced to find alternatives to the traditional office lease.
Thankfully, for your business in Hong Kong, there are options. In addition to the wildly popular coworking spaces, the virtual office can fit out your office reasonably. Servcorp virtual offices, for example, can make the impossible possible with its office plan that requires low initial start-up costs and provides your business with a dedicated phone number and address in some of the finest buildings in the province. While it might seem odd to manage a business in virtual space, there are many benefits to the virtual office.
Access To World-Class Amenities
The virtual office also provides you, in many cases, access to the tools needed when occupying an office. IT services tend to be superior, and the support staff are well-trained, some being bilingual. More importantly, businesses can access conference and meeting rooms with the latest technologies, which include smart stations and video-conferencing abilities. In essence, the virtual office can provide your business with a professional fit out at a greatly reduced cost.
Limitless Space
One of the major benefits to the virtual office is that the internet is a vast, limitless landscape from which your business can grow. As you pick up more clients, you do not have to worry about relocating or transitioning into an on-site facility unless you desire to, especially with the number of apps available that will allow you to manage your business from any location. Online applications that allow you to complete a number of tasks can make working from a remote location much easier.
Furthermore, the right online infrastructure can allow your business to move fluidly, and more importantly, be accessible to you from any location as long as you have a username and password. If looking to test new markets, you no longer have to worry about the hassles of finding office space because your office can be set up in any location. Finally, travelling for business doesn't have to translate into you missing anything while away because, once again, you only need a reliable internet connection and a device.
The Value Of Going Virtual
Remote working and the virtual office has transformed modern business definitely in that it has given start-ups and SMEs access to office space in places that are normally inaccessible because of cost. More significantly, the virtual office has created a platform for businesses to use the online landscape much in the same way they would an office, which in some ways lessens the need for the conventional lease. With the virtual office, your business could sit in Hong Kong’s impressive Central District among other great businesses.
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