Anyone who is starting a business knows the importance of bootstrapping- stretching your resources as far and long as possible to ensure positive cash flow. Let’s face it, being an entrepreneur means investing a lot of your personal time and money with the hope that your business one day thrives. One great way for entrepreneurs to bootstrap and keep costs low is to embrace mobile working and get a business address from a virtual office. Here are some reasons why every entrepreneur should consider this when starting a company.
1. Paying for a Business Address is Practical
When starting a company from the ground up, one doesn’t need a fancy office with all the bells and whistles. In fact, since entrepreneurs will want to save every penny, it makes sense to just work from home/garage and only pay for transportation when the need arises-like a pitch or important meeting. However, when you need to register your business with the local government or you need to hand out business cards, writing your parents’ home address isn’t a good idea.
With this, paying for a business address is a practical move. You can get a business address located in the financial district, which you can use for your business permits and marketing materials. Usually this service is offered in virtual offices and business centers. This is also great because the virtual receptionists can handle inquiries and receive your mails and parcels on your behalf, keeping you connected to the outside world while you are building your product.
2. Cost Efficient Solution
Not only is paying for a business address practical, it’s very affordable. A business address or PO Box costs as low as $20. In MyOffice Philippines, we offer the use of the address, a number of hours use of our desks or meeting rooms, and basic receptionist support starting at P1000 a month. Not bad, right?
3. Mobile Work Style Leads to Work-Life Balance
Paying for a business address gives entrepreneurs the chance to embrace the mobile work style, allowing them to work whenever and wherever they want. This form of lifestyle is great for entrepreneurs and freelancers since they can be productive whether at home, in traffic, on vacation, or in a café. It’s also great for those who have other responsibilities such as taking care of children or the elderly, giving individuals the flexibility to manage the different roles they have in life.
MyOffice is a virtual office and coworking space located in the Philippines. Established in 2004, the company currently has three branches in the country's financial districts of Makati City and Bonifacio Global City. MyOffice offers various business solutions and work spaces that cater to the needs of start-ups, freelancers, and mobile entrepreneurs. Services include use of business address for permits, inquiry handling, call answering and transfer, mail receiving and forwarding, PO box, meeting rooms, private offices, and many more.