(ThyBlackMan.com) Are you someone who is looking to expand your business but wanting to keep your costs low? Same here. Growth for your business is a great thing – but only if it doesn’t cost you more than it’s actually worth. Overcapitalisation is never a good thing. There are plenty of tales about small businesses who have thought that they were ready to add staff and move into a larger office, only to find themselves floundering months later when the overheads and the added costs of staff and an office bring them down.
Yikes.
What many businesses don’t know (but need to) is that there IS a middle ground where they can operate where they don’t need to commit to a fully-equipped office but where they don’t have to work from home. The alternatives that exist for businesses are numerous, and you can even compete with the big players in the industry just with a few tricks and tips. Take a look at these options for your 
business.
Keep costs low with a virtual office
The tech revolution has made all kinds of new working arrangements possible – including the flexibility for staff to work from home. While it’s great to work from home with all of the benefits that this provides, there is a time when it’s important for you to be more professional, and for when you need to meet with clients in a formal and businesslike setting. Enter the virtual office. A Servcorp Virtual Office is the perfect option for your business when you have a large number (or all staff) working remotely – but when you need to have client or work meetings from time to time. You get all of the benefits of a full service office, without the costs associated with a leased space.
Hold intelligent meetings
While it’s long been a great selling tool for you to hold a free seminar for potential clients, it can be an expensive cost if you’re not smart about it. It can cost a lot of money to rent a hotel space for a meeting, and there can be a lack of control over some cheaper spaces in terms of exclusive hire and the like. That said, there is another option for you to use – and that is the by-the-hour meeting room. You can use these spaces and truly only pay for what you actually need. There is the option for catering if you wish at most spaces, and you get all of the benefits of a full-service space at a fraction of the cost.
Expand at your own pace
When you’re looking to move into a new office space you want to make sure that the space you choose is flexible, and that it’s future-proofed for the next few years. If you don’t future-proof things, you might risk having to move again before you know it. In addition to this, if you plan to expand to a staff of 100 but currently only have ten, it doesn’t make a lot of sense to expand that quickly. A solution to this can be moving into a business centre where these is the option to grow into the space. This is a fantastic solution for any business who anticipates growth but who isn’t sure how quickly that is going to happen!
It’s possible for your business to enjoy success and growth at a pace that you’re comfortable with – provided that you take the steps to ensure that you are moving intelligently. Consider the options available to you and you’ll hopefully be pleasantly surprised about what you can do. In our technological world, nothing is impossible.
Staff Writer; Andy Harrison