Close X

Leave a comment


Name:
Email:
Comment:
  I have read and understand the terms and conditions
 

Please click the post button only once - your comment will not be published immediately

Startups

FEATURED CONTENT

Smith & Williamson

Enabling entrepreneurs

Smith & Williamson is a great business. To realise your full potential, discover the benefits of working with people who really care.
Click here for more

  • hot

Save money. Boost your street cred. Try a virtual office.

by Real Business - Thursday, 8th May 2008 -

Save money. Boost your street cred. Try a virtual office.

Charles Seadon, CEO of Direct-Healthcare.com, doesn't have offices in London. But all his clients think he does.

"Any entrepreneur thinking about starting up in business needs to consider all the costs involved and decide which ones are really important. For example, it’s easy to believe it is absolutely necessary to invest in an office. Some of the best advice that I received when starting up Direct-Healthcare was to keep capital expenditure to an absolute minimum in the early days. We started to invest in the business when we knew it was taking off.

"But you still need to have a presence in the right locations. So how did we do this?

"We decided to use virtual office services from Londonpresence.com. This gave us all the core services we needed to look as if we were established in London. We were able to avoid the high cost of leasing, equipping and staffing business premises. Instead, we were able to provide customers with a London address and telephone numbers.

"As part of the package, we get professional telephone answering services and post forwarding for example. These services start at only £15 per month. Later on we invested in additional services including email and fax forwarding. We’ve even used their fully equipped meeting rooms – this facility suits us perfectly as we can use it as and when we need a London based meeting room. It’s also very flexible and doesn’t commit us to an ongoing contract.

"Since our turnover increased to between £3m and £4m per year, we have invested in offices in Amsterdam and we can still work from home when in the UK. What’s most important to us is that we have all the presence of an established business based in London, while still avoiding the often onerous lease agreements that come with real business premises. Why would we need to take on such unnecessary costs?

"As an online business, we are beginning to receive lots of interest from overseas customers. We know that if and when we need it, we can use the network of global virtual offices that Londonpresence.com offers without taking the risks that are involved in setting up offices ourselves."

Picture source

BUSINESS NEWS >>

Dragon Peter Jones says, "Clone me!"

By Rebecca Burn-Callander - July 03, 2009 11:28am GMT

Real Business spent an eventful cab ride with Dragons' Den's tallest investor earlier this week. Here's what he had to say about the recession, James Caan, his search for Peter Jones lookalikes and, most importantly, the next series of Dragons' Den.

Businesses to run in a recession: part three

By Rebecca Burn-Callander - July 02, 2009 4:43pm GMT

Even in a recession, a good entrepreneur is always on the look-out for the next hot spot. Don’t wait around for the upturn. These are the businesses you want to be in now.

Access takes another step towards sales target

By Catherine Woods - July 02, 2009 4:33pm GMT

Access founder Alistair O’Reilly has embarked on a “brand elevation” exercise as he aims to grow turnover at his consulting and software company to £100m.

Tech entrepreneur: "The banks won't lend you an umbrella when it rains"

By Rebecca Burn-Callander - July 02, 2009 4:22pm GMT

At a roundtable hosted by Dell this morning, Real Business heard three technology entrepreneurs talk about the challenges of growing a business during the recession. People aren't the problem, they say. It's the mindset of banks and other financial institutions that needs to change if we're to come out of recession.

Government fund provides a "timely injection of capital"

By Catherine Woods - July 02, 2009 4:06pm GMT

Octopus Ventures, which invests in entrepreneurial businesses, has welcomed the governments’ proposed £1bn innovation fund, saying it will support entrepreneurialism.


BUSINESS COMMENT >>

The first Apprentice wedding!

By Catherine Woods - July 03, 2009 2:35pm GMT

Well, well, well, look who’s engaged.

Sir Alan Sugar: "You're hired!"

By Rebecca Burn-Callander - July 01, 2009 1:12pm GMT

Great piece by The Telegraph's Richard Tyler today about the confirmed appointment of Sir Alan Sugar to the post of enterprise tsar. "A tentative date of July 20th has been pencilled in for his hairiness to don the rabbit fur," he says.

Pre-stained underwear: the next big thing?

By Rebecca Burn-Callander - June 22, 2009 2:54pm GMT

That's right. "Pre-stained". Suspend your disbelief for a moment. Canadian entrepreneur Philip Watson founded Easy Tiger Corp to peddle underwear that has been - ahem - ready-soiled, shall we say. And he reckons these nasty knickers will be a surefire hit with "the dudes".

It can only be... the Friday Funnies

By Rebecca Burn-Callander - June 12, 2009 12:16pm GMT

As swine flu hits the headlines for the second time, the swine flu jokes are just pouring in! Laugh till you oink, readers.

Jokes. Jokes. Jokes.

By Rebecca Burn-Callander - June 05, 2009 12:14pm GMT

Further to popular demand, this week we're devoting a whole section of our jokes blog to our hapless prime minister, Gordon Brown.


Click here to sign up for the Real Business newsletter Click here to subscribe to the Real Business RSS feed

In accociation with
Real Business Front Cover