Starting a business usually requires a substantial amount of capital. You have to spend money on registering your company and securing the necessary documents so you can operate legally. Eventually, you will also need to spend money on expanding your workforce as your business grows. Along with this are the expenses for improving your products and services, as well as expanding your company assets, in order to keep up with the demands.
One of the biggest expenses is establishing your office space. If your business is just taking off, an office may prove to be more of a liability than an asset to you. The good news is today there are resources that you can use to enjoy the benefits of a physical office, without the huge costs of permanently building or leasing one.
Serviced offices – Serviced offices in Dubai are a cost-effective solution. You can use it only when you need it, and you only pay for features and amenities that you use. Usually, the lease contract already includes maintenance services, so you don’t have to worry about keeping your office clean and tidy, and you can focus all your energy on growing your business. Features that might be included, or you can add, include the services of a receptionist, complete telecommunications, and office equipment (printers, projectors, etc.).
Meeting rooms – Like with a serviced office, meeting rooms in Abu Dhabi that are available for lease provide the uses you need without spending too much for it. You only use and pay for it when you need it, and you get to have a professional space where you can meet with clients, evaluate potential employee candidates, and have meetings with your staff.
Virtual assistant – If you cannot yet afford to have a full-time executive assistant, you can instead hire a virtual assistant. These professionals work from home, and you can entrust them to manage your daily activities and run administrative tasks on your behalf. Because you can both communicate online, you don’t have to allot a space in your office for your assistant, thus helping you save your available resources.
Freelancers – Having freelancers as part of your team is also a great way to avoid spending too much capital all at once. Most freelancers work on a project basis. Thus, you only need to pay for their services upon completion of a project. It works for both of you, and you don’t need a large office space to house all your staff.