As commercial rent rates continue to rise in Hong Kong, entrepreneurs are being forced to come up with some creative solutions. Ultimately, not being able to afford a suitable office is a real problem for many small businesses and start-up. In the major retail and financial districts, leases are not just costly. They are inflexible and fairly risky in some cases.
This is why the growth of virtual solutions has proved unstoppable. With the support of Hong Kong’s leading virtual office provider, you can enjoy all of the benefits of a luxury lease, without having to pay the usual price. Virtual workspaces are highly affordable because they are designed to be accessed remotely.
Keep reading to find out what this means for businesses and why a virtual office could be perfect for you.
Your Budget Can Handle It
There are no rules about who can use virtual offices, but they are especially valuable for businesses on a budget. Young companies and solo-preneurs with a lack of launch capital have the freedom to invest in growth and development if they go virtual.
This is because tenants, technically, share the resources. They are made available from a centralised facility and everybody logs into the same system. There are no long-term leases, and you can leave the provider at any time without the fear of penalties.
They Offer a Complete Package
In most cases, virtual tenants end up enjoying more perks and benefits than those in traditional private offices. After all, with a private lease, you’re on your own. You must arrange everything from the furniture to the broadband, lighting, and cleaning services.
In a virtual office, there’s no private workspace, but everything you need is available at the facility or online. This includes IT and tech support, conference rooms, customer phone lines, corporate mailboxes, receptionists, stationery, printing equipment, and much more.
You Can Grow At-Will
We’re starting to understand something that wasn’t really acknowledged twenty or thirty years ago. It’s not a good idea for all companies to borrow money fast, with the aim of growing quickly enough to settle debts before they become a burden. It just doesn’t work for everybody.
It’s a very high-risk strategy, and success depends upon an uninterrupted run of good fortune. Virtual vendors offer a safer alternative by providing resources you’d usually need a costly office lease to secure. The consequence is freedom to grow and upgrade when you’re ready.
Networking Is Simple
When you’re new to the market, a private office doesn’t really do anything to help you make your presence known. With a virtual provider, you have access to a plethora of networking opportunities. The best facilities in Hong Kong host a variety of social events for their tenants.
In some cases, these are designed to help you meet fellow tenants. In others, they involve influential people from the world of business who could take a shine to your proposals and offer to invest. Either way, you’re building up a presence and increasing your brand exposure.
Why a Great Office is the Key to a Secure Future
While it’s certainly no bad thing to start a business from your bedroom, garage, or local coffee shop, having professional resources makes a big difference. With virtual solutions, you can maintain a professional, credible image, even without spending a lot of money on rent.
If you’re still not sure, take a tour of one of the virtual facilities in central Hong Kong. You can chat with current tenants, ask questions about the tech on offer, and discuss what kind of tools and equipment you do and do not require.