Just what is an executive suite? An executive suite is usually located in a typical office complex, but the offices are all connected by corridors in common, and there are communal areas like kitchens, meeting rooms, and restrooms that each executive suite can use. Usually they provide a main receptionist who takes phone calls for the tenants, distributes their mail, and acts as an administrative assistant, too. Some suites provide places for virtual office workers to meet clients and pick up their mail, but with no actual workspace. Executive suites are much cheaper than traditional office spaces because you only pay for the space you need, and you pay for other services as you need them. For example, you probably don’t need a meeting room every day, so you save money because you only pay for it when you need to use it.

That’s just one way you save money with executive suites. In traditional office space, there are all sorts of start-up costs, such as installing Internet, telephone lines, dropping cables for computer connections, buying office furniture, and more. You also have to worry about cleaning and maintenance, since most office spaces don’t provide these with the cost of the lease. All these are included in an executive suite, so you can just move in and start working (and saving) immediately.

Another plus is that most executive suites offer much shorter lease periods, which is a boon to new entrepreneurs who need professional space but don’t know about the long term commitment of their business. If your business is going to grow quickly, a shorter lease period is also a big plus for you (though in this economy you might get a good deal on a longer contract).

If location is important to you, executive suites are often located near transportation hubs, like airports or industrial areas. If your business is often on the go, this can save you time and money on transportation costs.

If you need other services, like postal forwarding, telephone answering services, shipping and receiving, and other business services, most executive suites have a list of contacts that can help you find what you need. Many often provide little perks, too, like free coffee and tea for you and your clients.

Executive suites help you save money if your business is expanding, too. If you want to expand to another city, consider opening an executive suite office there first, to test the waters. Because of short lease requirements, you can open your satellite office quickly and easily, and test the market before you commit to a larger, more expensive traditional office space.

Executive suites are a great alternative for all kinds of businesses. They save money, they’re efficient, they take the installation and maintenance out of your business, they can even serve the virtual professional, and they give you more flexibility with short lease terms and their location. You only pay for the office space you need, and they are the perfect choice for businesses hoping to expand into other locations. Executive suites provide an excellent alternative to traditional office space, and they make sense for just about any business or industry.

Joe Lewis has more than 20 years experience in the commercial property industry and nearly 10 year experience brokering executive suites. He is an expert on getting the best deals for clients on executive suites (serviced offices) and understand the world market as a whole.

Article Source: http://EzineArticles.com/?expert=Joe_Lewis

1. Is the building in a suitable location to meet your business needs? Are you a retail business who serves customers on a daily basis? Does the building you’re interested in have ample parking? Is it easy to give directions, or better yet, is it located on or near a major thoroughfare? Is it in an area with thriving commerce? Perhaps you are a company which receives a number of daily deliveries. Can large trucks easily navigate the property and the surrounding streets? Is there ample space for unloading packages? Does the building contain adequate storage facilities?

2. Does the building present a suitable scenario in which to meet your employees needs? Consider this, if you are a company with a number of employees who are required to be at your location each day, chances are these employees have structured their lives around the area where their job is located. Sure, many employees do not mind a long commute, but most workers get very comfortable with the amount of time it takes them to arrive and depart work each day. Does a new location provide a convenient commute? Additionally, will it meet the needs of your employees while they are functioning in day to day activities? Does the proposed building suit the employee related tasks of your company? If your company regularly entertains a number of clients, is there a large area suitable for a conference space? Do your company employees prefer a large room for cubicle use or a number of individual offices for private work space? Is there a cafeteria available or restaurants nearby? Keeping employees functioning in a comfortable and convenient workspace allows for greater employee productivity. It also helps keep employee turnover at a minimum, thus saving your company time and money over the long haul.

3. Does the building meet the expected future needs of the company? Is your company poised for growth? Are you adding new personnel or new product? Acquiring more square footage than currently necessary might keep from an unscheduled move in the near future. On the other hand, if your company is downsizing, and looking for ways to cut costs, perhaps the best choice is to find the most suitable economical space available. Planning for future needs can sometimes be difficult. Nobody knows for sure and certain what position they will be in five years down the road. Even if a company is meeting all internal goals, outside factors, such as economic trends, or increased competition can negatively affect projected growth. However, sometimes planning for best case scenario can encourage employees to work hard toward a goal and can build company morale. By making an aggressive move toward a bigger, better work space, an employer can show employees he believes in them and in the future of the business.

Connor R. Sullivan recently ask an experts help in learning Tampa office lease rates for a business venture he is planning. He also investigated Tampa office rental rates.

Article Source: http://EzineArticles.com/?expert=Connor_R_Sullivan

Serviced office space contains workstations, kitchens, and meeting rooms. Often, the facilities are paid for only as you use them, and at a much lower fee than renting a typical office would be. Let’s face it, how many times a month will you actually use a meeting room? When you rent traditional office space, you are paying for facilities that you may not use enough to even justify the cost. But by using serviced office space that has a meeting room, you can easily reserve the room for when it is convenient for you and your business, and only pay for it as you use it.

When you have your own office, the cost of the rent is only one aspect. Add to that the installation of telephone lines, internet connections and networking points. Office equipment is a pricey investment. Another cost to consider is a cleaning service. Maintenance and repairs are even more costs to consider. Serviced office providers generally offer shorter lease terms than traditional office spaces. This is a benefit, especially if you are a small company that is just starting out and uncertain about entering into a long-term (and what could be very costly) commitment. Serviced office space can grow with you, or it can be downsized much more easily, no matter which direction your business takes.

Often, but not always, serviced office space is well located. Close proximity to tube stations, car parks and central business districts can are important factors for most businesses. Proximity to good transport links can make them a more cost effective choice than traditional offices.

Many serviced office providers will also be able to put you in touch with other services that you can utilise. Telephone answering services, franking and postal forwarding services are great tools to have, and they can be another cost efficient way to run your business. Telephone answering services can answer the phone, take messages and even take client orders, and then can forward the messages to you via voice mail or email. Postal forwarding is another convenient service. Mail can be sent to your business address that is within the business centre that you are using. It can then be sent to you at another address, or held at your office until you pick it up. Many serviced office providers even provide free tea and coffee for your office space.

Overall, serviced offices can provide a cost effective way to run your business in a professional manner. Renting a traditional office and adding all the rest of the costs for equipment, staffing and maintaining can be out of reach for many start up companies or small business owners. Finding a choice address in a well-located business centre and using a serviced office space will keep overheads low. Using a serviced office space is more often than not cheaper than the traditional kind.

Joe Lewis has more than 20 years experience in the commercial property industry and nearly 10 year experience brokering executive suites . He is an expert on getting the best deals for clients on executive suites (serviced offices) and understand the world market as a whole.

Article Source: http://EzineArticles.com/?expert=Joe_Lewis

Often it’s hard to measure these types of costs and or to really realize them. One quick and easy way to do this is simply add up all of your monthly costs (both business and personal) and divide them by 30 days. By doing this you’ll know your daily “burn rate”. When you start realizing that every day you’re going through cash, regardless of how tight you are with your money, and or if you work from home or from an office space, you realize you have to be productive or you’ll go out of business.

The real problem of working from home is the distractions; fifteen minute here to help bring in the groceries, 10 minute there to let in the dog, 20 minutes to discuss your relationship with your significant other, etc. Also, the lack of total focus by being at home can cut into your time as well. All of this just adds up to a lot of wasted working time and you may come to the conclusion that it is much more costly than paying rent for an executive suite.

Additional benefits include have a secretary answer your phone, which gives a tremendous professional feel for a small business that might not be able to afford a full time receptionist. Other little things like having the trash taken out, or having a reliable copy and fax machine can be such a relief and time saver so you can focus on your bigger, more important issues like calling your clients to bring in more revenue.

Article Source: http://EzineArticles.com/?expert=Jeff_Rauth
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