Cash is one of the most important resources to a new business. One of the best ways to conserve cash for a startup business that is in need of office space is to rent an executive suite rather than to rent traditional office space. Most people don't even know this little secret. In fact, most people don't even know what an executive suite is.
An executive suite is generally referred to as a small office that one would rent from an executive suite facility like Plaza Executive Suites, http://www.plazaoffices.com, located in Las Vegas Nevada. The office environment would include all the necessary services needed to operate a business. The key cost savings is that most of the services such as the receptionist and conference room are shared with other renters. As an example, instead of paying up to as much as $40,000 per year to answer your phones and greet clients, with an executive suite, since the services are shared, you would only pay a fraction of that cost.
Necessary services such as photo-copying, telephone usage and mail handling are paid on an as needed basis. For new businesses, the opportunity to enjoy lease and space flexibility is most appealing.
Startup costs are greatly reduced by renting an executive suite over a traditional office. With a traditional office, one would have to consider all the upfront and ongoing expenses associated with the space build-out, secretary or receptionist wages, telephone equipment, office furniture, copiers, conference rooms, utilities, repairs and maintenance, etc.
With an executive suite, you get a friendly receptionist to answer your phone calls with your personalized greeting as well as greet any of your clients that visit you. For your important meetings, you would have use of fully equipped conference rooms. In fact, you would get all of the services that you would receive from a traditional office environment but, at a fraction of the cost.
If you are looking to conserve your cash, renting an executive suite is an option that needs to be considered.
Jeff Strum is managing partner of Plaza Executive Suites, located in Las Vegas, Nevada. http://www.plazaoffices.com