For new businesses to serviced offices, these fully functional and equipped office environments give a valuable cost-effective answer to business premises often purchasing a lease to rent the building on an annual contract. Serviced office agreements have seen such increases in demand as a way for businesses to reduce premises costs and completely eliminate the maintenance costs of owning a business premises

There are a number of obvious benefits to making use of serviced offices. A good example is the cost savings generated through the sharing of resources of other tenants within the serviced building, think; reception, expensive equipment (photocopiers etc) as well as other smaller office equipment. Further, running an office and ensuring it is functioning smoothly to include maintenance of all the office equipment is costly for businesses; these costs are completely removed.

In view of the above many businesses are now turning to the offices to rent sector to answer a common business problem – how do you continue to trade in the current climate but at the same time reduce costs

Serviced offices help to offer flexibility. Unlike traditional methods of purchasing a business premises the serviced office environment provides businesses with far shorter leasing agreements helping them with flexibility should they need it. Regardless of the term of the lease the majority of providers will promote many additional services which can be appended to the package, these would include more offices, meeting rooms and improved IT services.

For real cost effectiveness services such as meeting rooms can be offered on a pay per use basis. A real selling point for businesses is that extra services can be added and taken away at a moments notice provides unrivalled flexibility.

Suitable for both larger businesses as well as start-up operations renting offices in this way allows all business the chance to move right in and get down to the important aspects of productivity quickly.

These types of offices are not located within large cities but also within more local areas.

In summary, a serviced office provides businesses with a new option to that of the more traditional business purchase helping to reduce costs and getting down to business quickly and effectively. Located in all the major cities of the world as well as locally based offices the majority will come with trained and professional staff to look after the building as well as being fully equipped with office equipment.

Servcorp New Zealand serviced office clients are no longer caught up in the everyday issues of maintaining an office environment. They’ll look after everything and enable you to focus on operating your business. They even provide you with complete online access so that you can control your services wherever you are.

Financial planning is the application of planning to various aspects of finance function. Basically, business finance involves the formulation of a financial plan that states the quantum of finance required, the pattern of financing and the policies to pursue for the administration of the financial plan. Whether your business is small and new or large and established you will need adequate finance for the majority of projects, purchases and expansions you’re your business makes.

Obtaining the necessary cash to get your business off the ground can be a challenge and few new companies are able to finance themselves on cashflow alone and therefore need to consider gaining finance from other external sources. There are many of these external sources who will be willing to provide you with this start up finance, a few examples of these are stated below: Bank loans, Business angels, Venture capitalists, Overdrafts, Credit cards, Friends and family

These are just a few examples of some of the places that business start-up finance is available from; however there is another source of business finance available that many people often seem to forget, this is grant finance. Business Grants can however take several months to process so you should always add extra time to your planning so that you get a decision on your grant application before the project is due to start.

A lot of start up companies and small businesses are often put off the idea of applying for a business grant to help them with their finances and because of this many of these businesses are missing out on a great opportunity to gain extra cash for there business; cash that doesn’t need to be paid back.

Few, if any new companies can finance themselves on cashflow alone and therefore need to consider raising finance from other external sources. If your business needs extra cashflow for a specific project or purpose then a business grant could be exactly what you need. This is because business grants are only awarded for specific aspects. So what exactly is a business grant? A business grant is when an organisation or authority gives a sum of money to your business to help you succeed in a particular project these business grants are mainly awarded by the Government at both a local and national level as well as by smaller bodies such as The Princes Trust or The Arts Council.

When you are applying for a business grant there are certain things that you should keep in mind such as a detailed description of the project, an explanation of the potential benefits of the project, a detailed work plan, details of your own experience and if possible a business plan. All of these will help you with your application process and help you to get closer to that business grant that you want.

If you are successful in your grant application the money that you receive is none repayable and you won’t have to pay any interest for it either; however you will need to carry out a significant amount of hard work if you want to stand a chance of obtaining a grant. These grants are also limited so the competition that you will face for them is intense.