Often, finding success as a small business comes down to the little details. It’s all about the checks and balances; the movement of numbers from red to black and back again. In fact, running a successful company doesn’t depend solely on the ability to save or spend. The real secret is knowing when.
For businesses in Malaysia, there are cultural checks and balances too. For instance, office rental rates are very low right now, but financial experts are predicting an economic slowdown over the next five years. So, it’s easy to get started in a city like Kuala Lumpur, but ambitious entrepreneurs should know how they’re going to weather tough times before they launch.
Fortunately, virtual offices give businesses the opportunity to cut costs and create a safety net, without compromising on productivity. Keep reading to learn more.
The Best Spot in Town
The great thing about virtual offices is that they maximise logistical value, while simultaneously finding ways to shrink costs. In fact, this is the goal for most vendors; to offer high-end resources, at affordable prices.
Check out the Servcorp virtual offices in Kuala Lumpur for some great examples. You can bag one of the most prestigious addresses in the capital for a knockdown rate, simply because the physical space is being shared with other tenants.
Similarly, you can get your hands on premium resources and utilities, without paying a hefty fee. Virtual facilities are unique places. The physical workspace is designed to act as a support for your independent work routines (at home, in a coffee shop, etc.)
Once again, the cost of utilities is being shared among all the tenants. So, your share is much lower than it would be if you were buying services from traditional vendors. The broadband, heating, lighting, cleaning, air conditioning, and more gets included in the quoted access fee.
The best virtual providers also offer access to high-end communications tools. They understand that even small business owners have to stay connected. Outsourcing the management of your customer phone line, for example, is a great way to cut costs.
Often, it is more affordable than hiring a full or part time employee. Plus, it’s common for the receptionists at virtual facilities to be available on a 24/7 basis. They make it easy to handle customers in conflicting time zones because every call is diligently answered and recorded.
Pay As You Go Support
Perhaps the biggest advantage of all is the fact that virtual offices are accessible on a ‘pay as you use’ basis. If there is a service that you have no use for (mailboxes, boardrooms, media equipment), it won’t be added to your bill or monthly package.
Conversely, if you do want to add a new resource, you have the option to make it a permanent charge or use it once, twice, or however many times you need. The point is that you pay only for what you consume, not for what you might use one day or did use one time last year.
The Secret to Business Success is Flexibility
It is this level of control which makes virtual office solutions special. In a city like Kuala Lumpur, which changes at a remarkable rate, the ability to change and grow is essential. Whether this means expanding your range of resources, taking on freelancers, or moving out into a much bigger office; virtual vendors are committed to helping you do it.