Welcome to another expert post in my series on growing your business. Today we’re going to take a look at why it makes sense to have a physical presence around the country (or beyond), written for us by Juliet Martin, representing Regus. Linked to this post, you can read about small business owners’ own experience moving out of the home office here, and Sam Barnes’ post about what to consider when planning to move outside the home here. Juliet’s going to share with us the value of renting offices in different places.
Advantages of Renting Corporate Settings around the Country
Today’s ever-growing business world is taking with it the ability for any one enterprise to be localised in a particular place. This means you should at least consider setting up new branches or virtual offices in multiple locations across the nation. Even though you will have to then manage a number of settings, you will gain plenty of benefits in the long run. Adapting to these modern, global times will provide you with the following five corporate advantages.
1. Access to Local Resources
If you produce any kind of goods, you may find that the various materials and components required are sourced from multiple areas around the country. For example, you may find the following are located in different regions:
By opening up small branches near each of these facilities, you will then give your company greater access to a range of materials and services directly from the source. This means you won’t have to rely on a third party to bring these essentials to you.
2. Lowering Your Monthly Rent
Believe it or not, it may actually be more cost-effective to run a number of bare-bones offices around the country than a fully functional corporate setting in a single location. After you have negotiated to reduce the rent of your many branches, you can then look forward to even more savings thanks to the smaller and more compact premises that your company is now working from. If you can simplify how your work settings are planned out, eliminating excess features and only renting what is necessary, you can streamline your outgoing cash flow and still benefit from a number of corporate environments located around the country.
3. Honing Your Corporate Marketing
One difficulty that any localised business has is that its target audience is fairly limited, being restricted to a single geographical area. You can get around this by working from several different locations across the country. In general, people will wish to work with a business that has a presence in their neighbourhood because:
• It provides a local face to the company
• Contacting the enterprise is much easier
• Delivery times won’t be needlessly long
• Employees will be much more relatable
By branching out across the nation, you can tap into a wider consumer base than ever before, enabling you to find additional customers and boosting your sales to help cover the rental costs of your various corporate locations.
4. Added Convenience for Clients
Another advantage to the consumer is that it is far easier for them to come and visit your workplace if you are found scattered across the country. To cater to all your client’s needs, rent some office space at business centres around the nation. This will give them additional convenience as they can deal with your company in a number of ways thanks to your now local business setting. For example, they should be able to:
• Visit your office without driving for hours
• Post parcels and letters to you cheaply
• Phone without expensive long distance rates
There are times when your clients want some personal attention. In these cases, email won’t suffice. Video conferencing can be difficult to set up properly too. A better solution is just to have a local branch available so they can arrange for an appointment with you or a company representative without having to go through a lot of hassle to get there.
5. Broadening the Talent Pool
Lastly, by making the effort to rent corporate premises around the country, you will then have access to a greater range of skilled workers for your business. The truth is that having the right resources is crucial to helping you identify new talent. In this case, the resources in question are your local offices which can then tap into the growing number of potential candidates found in those local regions. People may not want to relocate to another city to work with your company so having multiple branches will give them a reason to sign on with you even though your main office is found halfway across the nation! In this way, you can increase the sheer talent within your organisation and grow your products and services accordingly.
As a brief recap, we can see that renting workplaces across the country can indeed provide many benefits to any enterprise. These advantages include the following:
1. Ease of access to national resources
2. More cost-effective rental payments
3. Effective locally targeted advertising
4. Increased consumer convenience
5. Wider talent pool for new employees
We would recommend that you get out there and expand your business operations as soon as possible to reap all of the above rewards. By occupying some of the best corporate spaces around the country, your company can grow and your customers will get even better service as a result! To make the process easier, get in touch with a provider such as Regus for assistance on renting suitable spaces at cities or regions you have interests in.
Author Bio: Juliet Martin is from Regus, a global office space solutions provider. Founded in 1989, Regus is a global organisation that aims to provide only the best office spaces and meeting venues to all kinds of businesses.