Shifting from a physical office to a virtual office can save you on several different expenses. Most businesses can benefit from reducing unnecessary costs. Small businesses and solopreneurs often receive the biggest benefits of slashing costs related to having a physical office by shifting to a virtual office model.

Cost of renting a physical office

The biggest part of the savings you will enjoy when shifting to a virtual office will come from reducing your rent payments. The cost of renting a physical office can range significantly depending on size, location, and type. Many small business owners find themselves paying thousands of dollars each month in rent to have a physical location. A virtual office will cost a fraction of that amount. You can get set up with a virtual office package through 580 Executive Center for under one hundred dollars a month. The savings that you realize from eliminating a high rent payment each month can be applied to other areas of your business.

Cost of furnishing a physical office

Having a physical office space typically requires you to invest in some furnishing. Working remotely allows you to use the furniture you already have in your home office. These cost savings are most notable when you avoid them. Meaning, if you are debating between a physical and a virtual office, calculate the upfront cost of getting the furnishing to see how much you will save if you decide to go virtual. If you have already spent money on furnishing for an office, check out office supply companies in your area – many will buy used office furniture that is in good condition.

Cost of utilities related to a physical office

A physical office often includes costs like electricity, water, internet, phone services, etc. Some include part of the utility costs in the rent but you likely have some utilities to pay on top of the rent when you have a physical location. Opting for a virtual office will let you save on the cost of utilities related to a physical office. You already pay for the utilities and other expenses at your home and any increase related to you being home more will be marginal.

Cost of paying support staff at a physical office

Another big cost of having a physical office is paying support staff. Having someone who answers phones, handles mail, and stays at the front desk can be costly. A virtual office package can provide you with support staff services at a fraction of the cost. For example, through 580 Executive Center you can get mail and phone services included in your package for much less than you would pay a part- or full-time staff member at a physical office.

Shifting from working out of a physical office to using a virtual office can save you a significant amount of money on your monthly expenses. Take a look at the virtual office packages available through 580 Executive Center to discover just how much you can save.