Close X

Leave a comment


Name:
Email:
Comment:
  I have read and understand the terms and conditions
 

Please click the post button only once - your comment will not be published immediately

Office space

Business Focus >>

The new manufacturers The new manufacturers

A great British renaissance has been taking place. From Aberdeen to the West Country, the zing is back in manufacturing. It’s about time this spectacular story was told.

  • hot
  • hot
  • hot 100
  • 50 to watch in mobile

Save money. Boost your street cred. Try a virtual office.

by Real Business - Thursday, 8th May 2008 -

Save money. Boost your street cred. Try a virtual office.

Charles Seadon, CEO of Direct-Healthcare.com, doesn't have offices in London. But all his clients think he does.

"Any entrepreneur thinking about starting up in business needs to consider all the costs involved and decide which ones are really important. For example, it’s easy to believe it is absolutely necessary to invest in an office. Some of the best advice that I received when starting up Direct-Healthcare was to keep capital expenditure to an absolute minimum in the early days. We started to invest in the business when we knew it was taking off.

"But you still need to have a presence in the right locations. So how did we do this?

"We decided to use virtual office services from Londonpresence.com. This gave us all the core services we needed to look as if we were established in London. We were able to avoid the high cost of leasing, equipping and staffing business premises. Instead, we were able to provide customers with a London address and telephone numbers.

"As part of the package, we get professional telephone answering services and post forwarding for example. These services start at only £15 per month. Later on we invested in additional services including email and fax forwarding. We’ve even used their fully equipped meeting rooms – this facility suits us perfectly as we can use it as and when we need a London based meeting room. It’s also very flexible and doesn’t commit us to an ongoing contract.

"Since our turnover increased to between £3m and £4m per year, we have invested in offices in Amsterdam and we can still work from home when in the UK. What’s most important to us is that we have all the presence of an established business based in London, while still avoiding the often onerous lease agreements that come with real business premises. Why would we need to take on such unnecessary costs?

"As an online business, we are beginning to receive lots of interest from overseas customers. We know that if and when we need it, we can use the network of global virtual offices that Londonpresence.com offers without taking the risks that are involved in setting up offices ourselves."

Picture source

BUSINESS NEWS >>

Local knowledge is key to success in the Middle East

By Catherine Woods - August 20, 2008 5:34pm GMT

The key to succeeding in the Middle East is having an understanding of local business practices and customs as soon as you’re on the ground, says BIW Technologies chief Colin Smith.

Celebrity endorsement for food entrepreneur

By Kate Pritchard - August 20, 2008 5:28pm GMT

Jennifer Irvine set up home-delivery meals firm The Pure Package in 2004 from her kitchen. Today she turns over £1.2m and has over 3,000 clients on her books, including Ruby Wax, Patsy Kensit and handbag designer Anya Hindmarch. “I’ve never marketed the brand to celebrities,” she says. “They’ve come to me.” So, what’s her secret?

Green award attracts clients to Fresh

By Catherine Woods - August 20, 2008 5:05pm GMT

Cheadle-based creative media group Fresh is upfront about its environmental credentials. Co-founder and director Julie Besbrode says the firm has become one of only a few in the UK to be granted a globally recognised environmental award.

Chocolate entrepreneur makes a mint

By Rebecca Burn-Callander - August 20, 2008 3:52pm GMT

When Simon Coyle launched luxury chocolate firm Kshocolat in 2003, he was the only player in the premium market. Now, he’s one of many, but this Scottish confectioner still has a few tricks up his sleeve.

Vehicle wrapping company sponsors tuk tuk race

By Rebecca Burn-Callander - August 19, 2008 4:10pm GMT

If you want to tick your firm’s charity boxes, don’t just send a cheque like every Tom, Dick and Harry Ltd. Try something a little more unusual.


BUSINESS COMMENT >>

How do you fund your growth?

By Zarrin Lilani - August 20, 2008 4:09pm GMT

As the economic situation worsens in the UK, we’re hearing reports that smaller businesses aren't managing their finances in the best way.

Ten lessons for entrepreneurs from Team GB at the Olympics

By Stuart Rock - August 20, 2008 11:59am GMT

Chris Hoy, Rebecca Adlington, Ben Ainslie: entrepreneurs can learn from all of them

Is Bob Dylan the entrepreneur's soundtrack?

By Matthew Rock - August 20, 2008 10:07am GMT

The chief executive of property developer Brixton yesterday quoted Bob Dylan's "All along the watchtower" lyrics to sum up the state of the property market. So which songs best sum up the life of the entrepreneur? Here are our suggestions.

Apprentice star gets nobbled by wall

By Rebecca Burn-Callander - August 19, 2008 4:57pm GMT

Nicholas De Lacy-Brown thought being fired by Alan Sugar was bad. Little did he know that a few months later, he’d receive a far more crushing blow.

Recession almost inevitable, says BCC

By Matthew Rock - August 18, 2008 11:00am GMT

The week begins with a grim warning from the British Chambers of Commerce that UK businesses face two years of tough conditions and that imminent recession is a "distinct possibility." Here's its prognosis.


Click here to sign up for the Real Business newsletter
Real Business Front Cover