Over the last five years, New Zealand has been tagged with a rather intriguing new name – the new ‘Silicon Valley.’ This is due to the startup explosion which has been transforming the market and inspiring young entrepreneurs to make their big ideas public. The country is now home to a thriving tech scene, much of which is built on flexible business models.
It is being supported by innovative resources like coworking spaces and virtual offices. These facilities provide unrestricted access to high-end tools and software, but the costs are low, and there’s no need to sign a long-term lease.
To find out more about some of the benefits offered by modern virtual offices, keep reading this handy guide to their main features.
Physical Business Address
The most immediate benefit of going virtual is the ability to claim a physical address for your company. While this might sound counterintuitive – the idea of going virtual helping businesses to be physical – the facility location is intended to be used for personal purposes.
So, if you’re a young company and don’t have a dedicated office space yet, you can have your mail sent to the facility address. This is helpful because many investors turn their noses up at home operations. They want to mentor businesses with a certain level of professionalism.
Back Office Support
The idea is that you use the physical resources (onsite workstations, receptionists, etc.) whenever you need them, but form your own custom routines. Most virtual tenants actually split their time between home and the facility, because it’s a cheap way to run a business.
Regardless of how much time you spend on site you are entitled to access a range of integrated services. These will depend on your provider, but the majority of vendors have IT support teams, web development experts, and marketing professionals on hand to help.
Fully Flexible Terms
Virtual offices are extremely popular with tech start-ups, as they enable an unusual degree of freedom. Setting up a tech business is no easy feat. It can be very expensive and involve a lot of risks, so the ability to retain control over terms, resources, and services is valuable.
The best virtual providers never ask tenants to lock themselves into a long term lease. This is against the principles of virtual workspaces, and it prevents small businesses from making the changes they need to survive. If you want to leave a virtual space, you just have to ask.
One benefit of going virtual which often gets overlooked is how the structure appears to investors and creditors, in particular. Whether fairly or not, most creditors feel uneasy about home companies. They are more likely to refuse you funding if you don’t have a formal office.
Register with a virtual provider, and you can give them a prestigious corporate address. It is, for all intents and purposes, your address. You’ll also have the option to set up a dedicated phone line, so professional calls can be directed to a trained receptionist.
How to Find a Virtual Office for Your Startup
There are three high profile facilities in New Zealand; one in Wellington and two in central Auckland. They are situated in lively, thriving areas of the city so that tenants can be at the heart of the action. Your small business could be rubbing shoulders with big market players.
If you’re interested in registering with a virtual provider, all you have to do is contact your chosen building. You’ll be able to arrange an onsite tour, during which you can ask questions about the service, visit work areas, and chat with current tenants.