When the clever investors look for new opportunities in unfamiliar markets, they use much the same logic as a property developer. They understand that it isn’t all about the biggest, flashiest economies or even the old school corporate hubs like London and New York.
If you want to get ahead of the game and build a foundation for long-term profitability, you have to find a city right on the cusp of greatness. Kuala Lumpur, in Malaysia, is one of them, because it is growing at a remarkable rate and fast becoming a haven for tech companies.
It’s also home to some of the most affordable office space in Southeast Asia. Keep reading to find out why virtual workspaces have taken the capital city by storm.
What Is a Virtual Office?
The concept behind the virtual office is very simple. Instead of paying a high premium every month to rent a private workspace, small businesses and entrepreneurs can cost costs by sharing resources with others.
In a Servcorp virtual office, for example, tenants use the physical address and some onsite resources but they mostly operate out of their own homes. Having the support of a literal office facility adds credibility to their brand even if they don’t necessarily have a conventional setup.
How Is a Virtual Office Accessed?
The thing to remember is that, while virtual offices are designed to be flexible and do not usually host their tenants every day, they do exist in a physical space. Users can visit to pick up mail, check phone messages, seek IT support, or just find a quiet area to work in.
The working environment is shared with fellow tenants but the nature of the service is not outwardly any different from a regular office. This means that young companies and solo entrepreneurs can maintain a sense of professionalism even without a private office.
What Are the Benefits of Going Virtual?
There are countless benefits to working from a virtual office. For one thing, you are in full control. Whether you’re operating from home, at the park, or on a plane, you can always get in contact with a secure facility back home in Kuala Lumpur.
There is a qualified team of IT experts, secretaries, PAs, and administrative assistants on hand to help you no matter if you’re visiting in person or checking in from abroad. The costs are remarkably low because you’re sharing the services with others.
Are There Any Downsides to Virtual Offices?
There aren’t many disadvantages to going virtual, though it won’t be suitable for every type of business. This kind of arrangement tends to suit smaller teams or individual entrepreneurs on solo missions (to scout out locations for a new branch, for example).
It’s true that virtual offices are usually a stepping stone for companies. Most tenants eventually move into a private workspace or shift their operation from home to one of the co-working spaces in Kuala Lumpur. This is because virtual workspaces help businesses to grow quickly.
Why You Should Give Virtual Offices a Try
The real beauty of the virtual office is that it asks for no commitment. If you’re unsure about whether it could work for you, just sign up for a trial period at one of the many facilities in central Kuala Lumpur.
There are no long-term contracts and tenants are free to terminate or change their terms of use whenever they like, without the fear of penalty. Plus, these providers are committed to offering a personalised experience. You control the way you work. You make the big decisions.
