Do Start-Ups Really Need An Office?

When you start a new business, it can take a while to turn a profit and many start-ups will try to keep their expenses down until they’re in a stable financial position and they can invest more in their business.

When you start a new business, it can take a while to turn a profit and many start-ups will try to keep their expenses down until they’re in a stable financial position and they can invest more in their business. This can result in start-ups working remotely for a long time and often, an office isn’t considered to be a necessity during the early stages of a business.

Whilst there is no denying that office space can be expensive, especially in central London, it can be very beneficial for new businesses to have a professional workspace. Renting a serviced office that is fully equipped with everything you need to operate efficiently can boost success in your first few years and help you to begin to earn a profit. To give start-ups an insight into how advantageous it can be to have a flexible workspace, even if they’re still finding their feet, below we have listed some of the many benefits of renting a fully serviced office.

Increase credibility

Attracting new customers is typically one of the hardest parts of starting a new business and it’s key to ensure you’re doing everything you can to increase your credibility. Without a professional business address, there’s a chance that prospective clients will be put off doing business with you because they have concerns about your legitimacy.

When you rent a private office space, even if it has flexible terms, you will be able to use the office building address as your own business address. Having a professional corporate address can boost your credibility and increase the likelihood of customers taking a chance on your start-up. Prospective customers will instantly have more faith in a business with a London address and they won’t be as concerned about placing an order with you.

Of course, when you have a fully furnished office space with design-led meeting rooms, you will be able to meet clients face-to-face in a professional environment too. This can be incredibly useful when you’re trying to win over new customers and it provides you with the opportunity to show off everything your brand has to offer.

Enhance productivity

Research shows that working in a professional environment can boost productivity in several ways. No matter how many employees your start-up has, working together from an office space can improve communication and make it easier for team members to work together to achieve your business goals. The overall performance of your team is crucial when you first start a business and being productive can help to boost your chances of success.

Having a fully serviced office will also enable collaboration. When your employees work together to come up with solutions to problems as well as imaginative and exciting ideas for your start-up, you can ensure you’re bringing something new to the market. Collaboration can improve creativity and innovation, both of which are essential for new businesses, and working in an inspiring serviced office can help you to remain competitive.

Attract new talent

When you start experiencing an increase in demand, you will need to hire new employees and having a strong team is very important. Working from a fully serviced office in London that is easily accessible and benefits from a selection of desirable facilities can help you to attract the best employees, who can help you take your start-up from strength to strength.

Your workspace will tell candidates a lot about your business too, including your current financial situation, and it can help to ensure you’re giving off the best first impression to prospective candidates. So, having a serviced office can increase the amount of interest you get when you advertise new job roles. It’s key to remember that your employees are your most valuable asset, so an office is a worthwhile investment.

In addition to being a recruitment tool, when you have a serviced office that your employees enjoy spending time in, it can help you to improve retention rates too, enabling you to build a strong team. The right working environment can also foster a good team culture and increase morale throughout the business, both of which are crucial to ongoing success.

Embrace networking opportunities

Fully serviced offices provide start-ups with the opportunity to interact with hugely successful long-standing businesses every day. Since serviced offices are located in buildings that are also home to several other businesses from a range of industries, you never know who you’re going to meet and how they may be able to benefit your start-up. Having the opportunity to build working relationships with neighbouring businesses is invaluable to any new business and this office benefit shouldn’t be overlooked.

When you’re well-located in a city like London, you will find it easier to attend local networking events too, enabling you to increase brand awareness and ensure people know what your start-up has to offer. It can be difficult to find time for networking when you’re busy trying to run a new business, but being situated in a hub of business activity will enable you to fit networking events into your busy schedule, especially when you don’t have to travel far to get to them.

Finding fully serviced offices in London

Ultimately, whilst an office might not be essential for all start-ups, there are several benefits to renting a flexible workspace, whether this is on a short-term or long-term basis. If you’re searching for fully serviced offices in London that can help you take your new business to the next level, don’t hesitate to contact us at One Avenue. We have buildings in Farringdon, London Bridge, Mayfair and other locations throughout the capital that are home to businesses of all shapes and sizes, and we have a selection of serviced office spaces to choose from. All of our private offices can be customised to suit the culture of your start-up too, so you can make the space your own.

Our support teams at One Avenue set us apart from other serviced office providers in the capital and they are dedicated to providing outstanding hospitality to our clients. You won’t be disappointed with the professional service you receive from our highly trained on-site teams and customer satisfaction is incredibly important to us. To find out more about our fully serviced offices in London and the selection of facilities available at each of our locations, feel free to explore the rest of our website today.

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