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Shared offices can be rented in business centres and executive office suites, or as hot desks or desk space within an established office.
Shared office space provide a permanent or temporary solution for many small businesses in the UK. Renting shared office space can slash overhead for a startup or small business. Essentials like heating, lighting and business rates are almost always included, while other essentials like internet access and phone rental can often be negotiated for a flat fee. Sharing office space with companies in the same sector can also offer great networking opportunities and the chance to share knowledge, experience and even staff as your business grows. Shared office space is not suitable for every business. The lack of privacy can be a problem if you meet many clients face-to-face, or need to discuss sensitive information. Make sure to read office rental agreements thoroughly to understand exactly what is included in your rent. It is usually possible to negotiate fixed costs for use of printers, fax machines and photocopiers. You may also be bound by the parent company’s dress code, so check this too. Renting shared office space can be very cost effective for small businesses, offering a valuable business address without the financial commitment of leasing a whole office. |
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