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Office costs are one of the most nefarious running costs out there. This is because they seem essential. You need a place to work, a place to bring your employees, electricity, computers and so much more to stay safe and ready to use. With these essential facts in mind, it may seem like you have no option but to pay whatever office rate you are currently working with.
This is not true. Thanks to the lockdowns during the pandemic era, massive shifts have happened, which means that more businesses are not only looking into working remotely on a full-time or hybrid basis, but they are also ready to adopt that approach now. There is an issue, of course – why adopt a hybrid model if you have a high rent?
Why have a high rent at all? If you want to start saving on your office costs and finally seeing a reduction in your overhead, then you will want to use these top methods today.
Three Key Ways to Reduce Your Office Costs
Is it useful to have a physical office space? Always. What isn’t essential anymore is to have the most central location. You can take a poll with your employees to see where most of everyone is based, and then look for a smaller, less central office elsewhere. So long as you offer flexibility and remote days, then your employees can adjust to the new commute. This way, if there are strikes on the rail or a large traffic jam, they can work from home instead.
You as a business, don’t even need to deal with the PR fallout of moving out of the city, since you can instead start using virtual office services instead. You can, for example, publicly position your business in downtown London by hiring any of these virtual offices in London. That way, your customers, clients, and the media know you as a centrally located company. If you ever need to take a business meeting, then you can! Virtual offices are tied to real offices, so you can book out the meeting room if and when you need.
There are so many automation tools and “AI” out there. The trick is understanding what you need, and what you can do. The smart home system is one example of how a smart tool can help you. These can also be introduced in office environments are similarly be used to optimise your energy use. This, in turn, helps to minimize your utilities bills so that you can finally use less, and get more.
3. Shop Second-Hand
Need a new desk? More office chairs? Don’t buy new. To save big on those essential furniture costs, shop second-hand. There are so many companies that are downsizing nowadays, and not even because their businesses are doing poorly. If you didn’t downsize yourself but instead are just growing outside of the downtown area, then you can take advantage of those downsizers by buying up their equipment at a fraction of the cost.