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Virtual Address in London vs Real Office

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Lately, there has been a lot of buzz around virtual offices. Let’s figure it out. The service of a virtual residence is tailored as an alternative to providing entrepreneurs around the world with a professional and official address in a location where they do not operate. Thus, freelancers, small and medium-sized businesses discover new markets remotely.

To comfort clients’ business, in addition to the basic package of services, the top 10 virtual office companies in the UK offer extra office-related services, such as phone answering, mail forwarding, scanning and digital storage. But sometimes businesses need a local office to follow the rules or impress the investors. London is an example to show you the pros and cons of both options; the purpose is to help you choose the best one for your business.

 

Virtual Address: Benefits and Drawbacks

 

The virtual residence is typically used for business registration, marketing, invoices, and correspondence. The standard package of services, supplemented by a variety of offers, depending on the chosen plan, provides benefits. Below, we identified the significant ones:

What’s the catch, you might ask. Well, a virtual address poses some drawbacks, here they are:

 

Real Office: Benefits and Drawbacks

 

A real office gives you a geo space, where you work and meet people. As the physical object you rent or own can be seen and touched; this is important for a conservative business, because tangibility inspires solidity and trust. It also makes your clients, partners, and investors loyal. Another undeniable benefit of a physical office is networking with businesses and specialists in your field, exchanging ideas, resources, and opportunities.

The office in concrete, iron, and glass also provides faster customer service because you talk to them and help them in person. In addition, you get more flexibility to meet with partners and show or deliver your products or services to them. A real office makes your clients satisfied and your reputation and value higher.

The embodied in concrete office has drawn a bad reputation for a long time; here are the reasons:

Learn more about the advantages and drawbacks of working remotely versus physically in geolocation at Virtual Office.com. Note that the top 10 virtual office companies available in the UK provide services beyond the mailing address and telephone number. They also offer shared working spaces, business mentorship and a community of fellow entrepreneurs. All these factors make them perfect for startups, freelancers and small businesses to build a brand that helps save money.

There are pros and cons to having a virtual address and a real office situated in — choosing between them depends on what kind of business you own, its size, as well as objectives. Below is an expert table of criteria and assessments for different types of business from a virtual office provider The Hoxton Mix, which summarises the main points to consider:

 

Criteria Virtual Address Real Office Suited for Offices in
Cost Low High Startups with Limited Budgets
Flexibility High Low Rapidly Growing and Agile Businesses
Credibility Medium High Industries Requiring Physical Presence and Trust
Privacy High Medium Businesses with Strict Confidentiality Requirements
Trust Low High Client-Intensive Industries and Relationship-Based Services
Mail Delay High Low Non-Urgent Correspondence and Non-Time-Sensitive Ventures
Access Limited Unlimited Businesses Minimally Dependent on Face-to-Face Interaction
Legal Issues Possible Unlikely Strictly Regulated Sectors and Highly Compliant Businesses
Presence None Physical Remote or Globally Distributed Businesses
Collaboration Low High Team-Centric Industries and Collaborative Work Environments
Productivity Medium High Task-Oriented Professions and Team-Driven Workplaces
Customer Service Low High Service Industries Emphasising Client Interaction
Commute None Long Remote or Locally Independent Workforces
Environment Friendly Unfriendly Businesses Focused on Sustainability and Green Practices
Health Good Bad Health and Wellness-Related Ventures

 

However, even the leading 10 virtual office companies in the UK, despite their outstanding, cannot offer a one-size-fits-all solution.

The choice between a virtual address and an actual office depends on what your business needs. It is about creating an address that speaks to the pulse of your business, a decision not only about where you stand but also what direction to head. Matching the assessment with the type of business according to the given criteria in favour of a virtual office vs. a physical address will help you make the choice.

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