Title: Advantages of Business Center for your Workspace
1Advantages 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
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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.
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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.
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5Helper 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
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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.
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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.
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8Space 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
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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.
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10Startup 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.
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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.
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12General and Administrative Operating Expenses
- After taking into account the upfront costs
associated with opening an office, the monthly
recurring expenses should be assessed.
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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.
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14Resources 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.
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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.
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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.
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17Complete 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.
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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.
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19Time 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.
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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.
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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.
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22THANK YOU !