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A long-term lease isn’t the only option when it comes to office space. In large cities, you’re likely to find a range of options for co-working space. If you only need a desk away from home with Internet access and a conference room, co-working spaces offer month-to-month payment. Some have more features and the opportunity for private, fully furnished offices, so choose one that’s right for your needs at this time.
Growth of mobile services has brought with it several options for web-based office space. The virtual office can be customized to create team and client portals, schedules, orders and e-invoicing, and even professional tax documents. Some service-oriented businesses, such as cleaners and landscapers, can do away with the office entirely. Every small business will find it possible to downsize demands for real office space.
Meetings with clients are a chance to show your knowledge and style. The lack of sufficient office space undermines this effort. One way to bridge the gap without a major investment happens to be perfect for IT businesses. Teleconferencing gives you more control over your business image and an opportunity to show the potential of the Internet. Free services are available. Those with special needs will find a number of tiered services, which allow you to pay per length of use and/or number of features.
Computers, printers, servers, copiers and other machines are large, risky expenses for a small business with uncertain prospects. Instead of making these equipment purchases outright, you can lease one or more of these machines. You’ll have access to the same tax deductions as with buying the equipment, but you won’t have a down payment. When you need an upgrade, it is usually easy to obtain from the same leasing company.
For small business with traveling service teams or representatives, laptops and mobile phones are a necessity. Employers often provide these as a means of securing sensitive data, but studies show that most small businesses are sorely lacking in mobile security in any case. Allow employees to use their own devices for business, and put a security system in place. One idea growing in popularity is to make business data available to employee-owned devices through a cloud server.
Whether you eliminate the office entirely or use these methods to reduce overhead and liabilities, it’s important to stay optimistic. Even in the post-recession economy, there is plenty of wiggle room for small businesses to reduce overhead without sacrificing on their image or client needs.
Derek is currently blogging for a Internet Angel Investors company.
Image Credit: Office of Governor Patrick
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