In What Way Does a Serviced Office Space Benefit My Small Business Real Estate by Fred Pedro - September 16, 20170 Although a serviced office space may sound like an expensive way of conducting business, it is quite the opposite, serviced accommodation is a great way to save on costs, especially if you are a small to medium enterprise keen on expanding your business endeavours. They provide quite a few positive benefits and should be utilised more often if you wish to expand your company using flexible, cost-effective methods. What is a serviced office space? For the uninitiated, serviced office space is accommodation which allows you to conduct business on a premises while fully utilising all of the services found in a traditional office setting. The difference is, everything is purchased on a pay as you use scheme, so you can book conference rooms for company presentations and only pay for the service depending on how long you use it for. They also differ in terms of rental contracts, a serviced office can be leased on a short-term contract, whereas, conventional office space requires a lengthier commitment. Here are 4 examples of the benefits of using a serviced office space for your small enterprise. Flexibility There is no long-term commitment, so if you plan on hiring a serviced office space in Liverpool, and your product fails to impact upon the local market, you are free to gather your belongings and restart your expansion in another part of the country. Being a small business, you don’t really want to be tied down to a lengthy rental contract, just in case you encounter financial issues and you need to leave the premises after a short period of time. Flexible Choice of Locations Serviced office space allows you to rent premises in several different locations, and all at the same time if required. They are not found in every major city across the country and are continuing to expand into rural areas. You now have the option of renting accommodation for your business only kilometres away from your residential setting. They also offer a truly professional business brand and image for your organisation. Costs are Coupled Together If you choose to hire a serviced office you won’t have to worry about keeping track of all your outgoing expenses, the company will send you a single bill detailing all of the services you have used on a monthly basis. It makes it much easier to budget and monitor your company’s finances. Availability of High Quality Equipment & Highly Skilled Staff Companies who operate serviced offices ensure your business can avail of professional staff and high-end equipment. They aim to provide a service which focuses on the customer and their specific needs. The benefit of having these amenities is your business can continue to grow in a fully stocked, professionally run space, and you don’t have to worry about paying for massive overheads. Serviced offices have taken over the industry, they provide an exceptional alternative to traditional methods of business operation and help save small companies tonnes of money on expensive overheads.