The Philippines business landscape is comprised of highly-skilled workers but is also one that focuses on building positive business relationships for the purpose of future ventures. The almost 7,000 islands that make up this beautiful Asian Pacific archipelago can be an entrepreneur’s business utopia, as this consumer-driven economy offers up a variety of business opportunities for any business owner. While Manila is the country’s central metropolis, many other cities offer ample business opportunities.
One great benefit of today’s business environment is that office space is no longer a major problem, much less a hassle. Current trends in office solutions have caught up with today’s technologically-driven, fast-paced economy to the point that businesses can operate solely in the virtual realm. Virtual offices allow business owners to lease facilities that come with standard office amenities without the excessive overheads of more traditional office spaces.
Continue reading to learn more about why virtual offices can better serve your business needs while in the Philippines and help you succeed in this exciting marketplace.
Virtual Vs Brick and Mortar
A great benefit to a virtual office is that, because most leasing plans allow business owners use of conference and meeting rooms, private offices, staffing, and internet technology, the contract focuses more on the use of technology as opposed to space. You can meet in a physical space while leasing a virtual office. However, these contracts also tend to offer more when it comes to the amenities that you would need while working remotely when compared to a traditional office lease.
Ideally, a virtual setup works well if you are self-employed or a small business looking to expand. Premium providers in the country offer virtual offices in the Philippines. Servcorp, a more popular office solutions provider, specialises in virtual offices with flexible monthly rates and no long-term leases to sign.
Global Office Space
Because of flexible leasing terms, a virtual office allows businesses to operate anywhere in the world. Most leasing plans will allow business owners to use facilities worldwide making it possible to reserve a meeting or conference room in another country, if necessary, without the trouble of having to make these arrangements independently. For example, let’s say you are working in an office in Manila, but you have to meet with clients in Hong Kong, the right office provider can arrange the entire meeting in a virtual realm. Essentially, virtual offices have transformed the traditional office into one that has no borders.
Professional Look on a Budget
One major cost benefit to utilising the virtual office is that you get a professional business address and phone number from which to operate without the expense. While office rents in the Philippines on average are reasonable, the cost of operating your business from a virtual office is much cheaper and businesses can save a lot of money over time. In business, first impressions do matter, and a business address that sits on a prestigious street in Manila or such as Ayala Avenue projects a polished, professional image to clients and business contacts.
Flexible Leasing Terms
Virtual office solutions offer some of the most flexible leasing terms available today. On top of being able to modify your lease depending on your business’s needs, business owners will find the length of these leases are more flexible. In a typical office lease, business owners will really benefit as they don’t have to be locked into a lease that can last for up to five years with no flexibility. Many virtual office leases, only ask for a month-to-month commitment and offer a flat rate including all amenities so there are no surprises at the end of the month.
The Way of The Future
The future is now and the virtual landscape is such that more companies are finding it more cost-effective to adopt a virtual model. For those wanting to do business in the Philippines, a virtual office is ideal if you’re expanding operations into Asia.
In an economic climate that encourages business relationships, the virtual office is one way to maximise and multitask, while staying within budget. The flexibility, potential for global reach and the opportunity to project a professional image, simply cannot be achieved with a more traditional office lease. With these advantages, you can take your business to new heights quicker than you ever thought possible.