Sunday, April 12, 2009

Executive Office Rental

Freelance professionals and consultants can use executive office rental services to present a more polished persona to their current and prospective clients. Many times throughout the average work week, employees in concrete offices do not actually need the space, electricity, air conditioning and other amenities associated with leasing business space. The lease holder does not have to quite paying on federal holidays when the facility cannot be used. Likewise, through the night hours, weekends and during severe weather the renter has to pay for thousands of square feet of business space that is lying dormant and useless. In times of economic downturn or financial leanness, it makes frugal, monetary sense to only rent or lease office space during the times you are using that space to make money. "For wisdom is a defence, and money is a defence: but the excellency of knowledge is, that wisdom giveth life to them that have it." (Ecclesiastes 7:12) Thus, in times of strict budgeting, paying for a work space while unable to use it to earn income presents more of a liability than an asset to a freelance professional or owner of a sole proprietor-based company.

With the high cost of rent prohibiting many consultants from having actual concrete business locations, many retreated to home offices. This eased the concern of the mounting overhead costs of running a business. However, the drawbacks to home offices quickly became apparent. Entertaining perspective clients in a living room is far from the professional image a freelancer wants to embody. Meetings with multiple clients were almost impossible without a large conference room and teleconferencing capabilities. Furthermore, using a Post Office box is sometimes too impersonal, but listing a home address presents organizational problems and takes away a level of reverence from the clients. As common as self employment is becoming, a freelance professional or consultant still must do everything possible to combat the image clients might have of them watching day time television in their underwear, eating donuts while "on the clock." Virtual office rental is a cost effective way to meet the needs of the professionals working from home offices or those who work predominantly from their vehicles, like sales personnel.

Today, many executive office rental companies have emerged to provide these viable options for doing business. Simply put, virtual office rental consists of a large corporate location, equipped with the amenities necessary for doing business. This large corporation in turn rents out the business space, various amenities and personnel by the hour, day, week or month to allow the professional freelancer or consultant to pay for the space only when it is being used to make them money. In this way, the self employee individual benefits from a lower rent and avoids paying for the space when it is unable to be used. However, the large corporate owner of the executive office rental space benefits from many self employed individuals or small business owners renting the space over the span of a month, when typically those individuals would avoid leasing business space and thus the building would lay dormant for extended periods of time. In this way, the advent of virtual office rental is beneficial to all involved.

A basic plan for executive office rental agreements includes the use of the mailing address. This is especially beneficial as most virtual office rental corporations have buildings in prestigious professional districts and the mailing address reflects the well-known location. Basic plans also cover mailing that mail to your home address or agreed upon location, like a Post Office box. The individual can also make use of the executive quality meeting and conference rooms (dependant on availability). There is also an entire administrative and secretary staff at the renter's disposal to assist him during the hours, days or weeks that he is renting the property. This staff is paid by the rental corporation, not the renter. This allows a consultant to benefit from the organization of an administrative professional without the hassle of health insurance, tax forms and salary allocation. 

As the rental rate increases, so do the amenities and services offered. Better executive office rental plans include telephone call answering service during normal business hours and voice mail services over night and throughout the weekends. These plans typically offer call forwarding to a mobile or home phone should the individual not be utilizing the space the day when the phone call comes through. In many more favorable plans, the individual is scheduled for sixteen or more hours of dedicated office space, which means that the renter is promised at least sixteen hours per month in a fully furnished office. The freelance professional or consultant can also opt to rent the lounge space and coffee or food amenities for an additional fee. Should the need arise to use the conference or meeting room outside of the agreed upon time and day, the rooms can also be rented by the hour as well. This is also an option for a work at home professional who is not interested in the dedicated phone line or secretarial staff, but occasionally needs to host a meeting or luncheon. In this way, an individual is allowed to rent a conference room without renting or leasing any other business space. As one would assume, all space available for rent is fully equipped with some sort of high speed internet capability. Most virtual office rental spaces have T1 lines to provide the fasted, most reliable internet connections to the renters.

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