The number of small businesses is on the rise. With the decline of traditional industries, people turn to other methods of earning money and many entrepreneurial types are successfully starting their own businesses. A large proportion of small businesses are consultancies and advisors for various sectors of society. Whether it’s accountancy or herbal healing, people see a marketable future in it and strive to set themselves up in a business. There are three types of small business:
- Limited Company: – There are two types of limited company – those whose shares are publicly traded on the stock market and the privately owned and whose shares are not traded.
- Partnership: – just as it suggests, there is more than one owner, which can spread costs and liability but often slows down decision making.
- Sole Trader: – A single person owns the company, makes the decisions and keeps all the profits. Conversely they also keep the debt, if there is any.
Many small companies in the UK are sole traders. They have set up on their own and in many cases operate from their home or perhaps even at their clients premises. This tends to be the case with those who offer a paper-based or conversational service such as therapists and business advisors, and for the most part the situation works perfectly.
However, sometimes it pays to put on a bit of a show and impress a client with something other than the 1980’s furniture in your living room. Sometimes, you may need to entertain more business people than you can fit around your coffee table.
Luckily, help is at hand. There is a growing number of office and workspace companies who cater for just these eventualities. The cost of a suitable office space can be one of the major expenses when setting up a company and the chances of finding exactly what you want and something that suits all of your needs is fairly unlikely. That leads to compromises and dissatisfaction with business surroundings. That can be a thing of the past when you are able to rent exactly what you need for your business and carry off a professional look for a lot cheaper than you probably imagined.
Office space companies can now offer a number of different solutions, at least one of which is likely to match your needs. It’s very much the case now that small business may only want to use an office periodically or have ad-hoc meetings with clients or partners. It’s now possible and affordable to do this; there is temporary office space available and it’s a credible alternative to paying on-going rent.
Many small businesses don’t need the expense of maintaining an office, and it can be a huge weight off your shoulders if you know that you can pay to have use of office space for a few hours or days if you need to. It’s one of the options to give your company credibility without on-going expense.
