They say that the only constant in life is change and in today’s business climate, this is the biggest challenge yet. Global and national transformations are influencing the growth, but most importantly, the survival of every day businesses.
With this, many companies have taken a step back to reassess their future plans. They are aware that decisions such as leaving the European Union will have a significant impact on their business however the true ramifications are yet to be realised.
To deal with the uncertain years ahead, businesses must remain agile. Flexible contracts in the workplace enable employers to adopt this approach, being proactive rather than reactive to political and economic changes.
Workplace flexibility is an unconventional yet rising phenomenon among both small and traditional businesses alike. This is because renting properties’ on long-term leases have become a huge expense with limited flexibility or advantages.
Meanwhile, flexible and serviced contracts provide a number of benefits in today's business climate:
- Flexible, short term licences
This is ideal for businesses to remain agile and work in a space that can expand or reduce at short notice. Unlike long term leases, these types of contracts are less onerous on the tenant and offer opportunities to move around the building in line with growth needs.
- Young, small businesses
Flexible and serviced workplaces are ideal for young or small businesses to avoid high upfront capital expenditure when renting a new space. There is also a worry-free element with items like business rates, utilities and services being dealt with by the landlord. This is a great benefit to young or small businesses who cannot afford to spend time and money on administration.
- Traditional businesses
This type of flexibility is now appealing to traditional, larger businesses that want to re-focus their resources or set up satellite offices in different locations.
- Access to new markets
The flexible workplace model enables businesses to set up at an address that would otherwise be unattainable, unaffordable or inconvenient on longer leases.
- Simple, hassle free and cost effective
With flexible and serviced contracts, businesses can move into new locations in a timely and cost effective manner. The tenant only pays for the space they need, pre-cabled and furnished. They can have access to all of the necessary equipment while ensuring no down time during a move.
- Access to facilities needed to run a business
A serviced or part serviced office provides high quality facilities needed to run a business, with no hidden costs and therefore easy budgeting. The business is flexible to move at short notice knowing that the equipment they need is ready in the next location while not having the responsibility of maintaining it.
- Testing the markets
A business may be thinking of downsizing or expanding in these upcoming years, and therefore has a need to test new markets. This can be done a lot more simply on a flexible basis.
- Networking potential
Being part of a flexible environment can encourage networking between businesses in break out areas and through events hosted in serviced workplaces.
As a result of these benefits alongside businesses facing uncertainty ahead, there has been a surge of activity in this industry. While highly concentrated in London, Nammu Workplace have taken the next step forward. We understand that demand is not restricted to the city and so are dedicated to offering flexibility in more suburban areas too.
If you are wondering whether flexible and serviced workplaces might suit your company, do not hesitate to be in touch for further information. Not only can Nammu provide the platform to support your business, but we can also give you advice to make the decision easier.