Answer this question! If you are currently renting an office or thinking of renting an office, do you really need that physical space?
With ever improving technologies, lots of businesses are doing away with the need to have physical office space and opting for virtual office solutions. A breakdown of the sectors some of our clients are involved in include start ups, solicitors, consultants, finance, travel, food, medical, education, technology, publishing, construction, airlines and even archaeologists.
With ten years experience in the virtual office industry, the following points are true when it comes to the benefits of a virtual office in Dublin:
1. Less Overheads:
For many, the main reason for using virtual offices is that it allows businesses have a presence in central Dublin, but without the cost of renting a physical space.
There’s no office lease, no utility bills or rates. There are also none of the costs associated with having a brick and mortar space. The savings between physical and virtual office space can run into thousands, if not tens of thousands per year.
To add to this, a recent report from Real Estate advisory firm HWBC estimates that prime Dublin office rents will soon peak at €700 per square metre. This is opposed to the €300 per square metre figure in 2012, making Dublin the third most expensive office market in the Eurozone.
2. Home Office:
Another benefit for employing a virtual office service is that you don’t have to use your home address as your business address. More often than not a business address, rather than a home address, is required for many things such as for a website. It is also a requisite when registering with Revenue, the Company Registration Office, banks and many more institutions.
If you run your business from home and decide to rent a virtual office, it can provide you with a business address facility. The two main advantages of this are:
- No need to rent a physical office space
- Keeps your home address private
Most virtual offices also provide phone services, including call answering facilities. This means that you don’t have to hire a secretary or take time out of your busy day to answer calls.
As well as clients working remotely from within Ireland, many people who use virtual offices may also work outside of the country. Some may travel to Dublin every now and then to use their providers meeting rooms and office space for a few hours a week/month to conduct face-to-face business.
3. No Commute Time:
There is no commute time when you choose do business virtually. This is especially important seeing that the commute time in Dublin, on average, could be 1+ hours per day and those commuting to Dublin from the commuter belt is much higher.
Commuting is not stress free and takes up a lot of time which could be spent on building your business. By not having to travel for work, employees are more productive and efficient.
4. Business Image:
More and more people are setting up businesses at home. Employing a virtual office service and having a business address in central Dublin, rather than using your home address, will add legitimacy to your company and professionalism.
There are also many other ways a virtual office can add to your corporate image including, but not limited to, the following:
- dedicated business phone number (it’s more professional to use a landline rather than a mobile)
- Professional receptionist who is trained to answer business calls
- Some virtual office providers also have access to meeting & conference rooms for those all important face-to-face meetings
All in all, having a prestigious image will help your business to compete with some of your more established competitors.
5. Environmentally Friendly:
Businesses are making more and more efforts to reduce their impact on the environment and renting a virtual office is the best way in doing so. The main way of being environmentally friendly is the cut backs on daily work commutes, but virtual offices also reduce paperwork and electricity usage for businesses as most of the work is done digitally.