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Advantages of Business Center for your Workspace

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Many inexperienced real estate shoppers believe that comparing the square foot cost of conventional space to the square foot cost of executive suite Business Centre in Chennai is an "apples to apples" comparison, and that the office space and amenities that a business center has to offer are more costly than a conventional office space alternative. – PowerPoint PPT presentation

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Title: Advantages of Business Center for your Workspace


1
Advantages of Business Center for your Workspace
2
  • Most executive suite office business center
    operators are frequently challenged with the
    objection that they are "too expensive". Many
    inexperienced real estate shoppers believe that
    comparing the square foot cost of

Business Centres in Chennai
3
  • conventional space to the square foot cost of
    executive suite Business Centre in Chennai is an
    "apples to apples" comparison, and that the
    office space and amenities that a business center
    has to offer are more costly than a conventional
    office space alternative.

Business Centres in Chennai
4
  • This is a common office space myth and if the
    time and cost of services is clearly assessed, it
    is not unusual for the executive suite business
    center to be a significantly more cost effective
    alternative than conventional space, with added
    benefits.

Business Centres in Chennai
5
Helper Team
  • Office business centers provide professional
    answering and reception services to handle
    callers and visitors. The cost to staff a person
    40 hours a week for this purpose, plus benefits,
    workspace

Business Centres in Chennai
6
  • and equipment required typically is much more
    than the cost of the office in a business center.
    Additionally, if you consider the administrative
    time, training and human resource liabilities and
    elements involved to staff and maintain, the
    value is significant.

Business Centres in Chennai
7
  • Office business centers are in the business of
    ensuring that they are providing quality,
    consistent support, so the service is typically
    superior to that which can be achieved with a
    small staffed office. Also, vacations and sick
    and personal time are covered without issue.

Business Centres in Chennai
8
Space required
  • Because executive suite office space involves a
    shared environment, space is not required for
    dedicated reception areas, copy room,
    telecommunications systems, kitchens/cafes and
    conference rooms

Business Centres in Chennai
9
  • space that is not usually used all of the time,
    but is required to be available when needed, so
    by sharing it reduces the amount of office space
    needed. There will also be capital requirements
    that need to be considered for these areas
    reception desks, lobby furniture, copiers,
    conference tables and chairs, audio visual
    equipment, refrigerators, dishwashers, etc.

Business Centres in Chennai
10
Startup Initiative
  • Compare the startup capital required to open an
    office with conventional space. Along with
    furnishings and equipment required for the
    additional space needed that is mentioned above,
    there are also office requirements that include
    the furnishings, copiers, fax and
    telecommunications equipment.

Business Centres in Chennai
11
  • There will also typically be deposits and
    installation costs to initiate services. There
    will usually also be a large security deposit
    required for the Commercial Property for Rent in
    Chennai.

Business Centres in Chennai
12
General and Administrative Operating Expenses
  • After taking into account the upfront costs
    associated with opening an office, the monthly
    recurring expenses should be assessed.

Business Centres in Chennai
13
  • There will be expenses for telecommunications
    services, office payroll and benefits,
    kitchen/café supplies, office supplies, building
    operating expenses and repairs and maintenance
    expenses that can easily run several thousand
    dollars a month.

Business Centres in Chennai
14
Resources and Time management
  • It takes a considerable amount of time to
    research, negotiate, hire and administrate the
    functions required to start an office and also
    requires ongoing resources to manage it.

Business Centres in Chennai
15
  • It will likely also take longer if the client has
    not done it before knowing where to start and
    what to purchase, especially in the technology
    arena, can be especially overwhelming and
    mistakes for wrong decisions or overpaying for
    major items can be costly.

Business Centres in Chennai
16
  • Office business center providers are experts in
    these areas and include it in the service they
    provide. These services are typically invoiced on
    one invoice, once a month which also reduces
    processing time for the services rendered.

Business Centres in Chennai
17
Complete Liability
  • The liability difference between entering and
    being on the hook for a conventional lease
    agreement, which is typically 5-10 years, and
    that of an executive suite business center
    agreement with flexible, scalable terms should be
    taken into consideration in comparing the actual
    cost difference.

Business Centres in Chennai
18
  • Many businesses get into trouble by over paying
    for too much space and end up in bankruptcy
    courts for relief and protection from their lease
    obligations. This result may have been avoided if
    there was not a long term lease obligation.

Business Centres in Chennai
19
Time Management
  • Office Business Centers handle the details of
    operating the workplace so their clients can
    focus valuable time on their core business. Most
    experts can make more money by doing what they
    know and do best. The business center option
    allows this.

Business Centres in Chennai
20
  • If all of these factors taken into comparing the
    cost difference, it is not unusual for the
    business center option to be somewhere between
    30-40 less than conventional Commercial Office
    Space for Rent in Chennai when comparing actual
    expenses and overall exposure.

Business Centres in Chennai
21
  • Many times a business can enjoy a more upscale
    workplace environment than they can through
    conventional office space options, which make the
    Office Business Center an attractive alternative
    to traditional office space.

Business Centres in Chennai
22
THANK YOU !
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