Did you know approximately 20% of businesses fail within the first year of their operation?
As if this wasn't shocking enough, research has discovered that 50% of the remaining businesses make it to year five. Only one in three startups is able to reach the 10-year mark.
The same research also highlights how the lack of proper cash flow management effectively drives businesses to permanent closure. Insufficient capital directly leads to business failure!
As you would have guessed, one of the major reasons start-ups run out of capital is the exponential rise in business overheads. This includes the cost of renting office premises, utilities, furnishings, etc.
What if there was a way to minimize these business overheads?
What if we tell you there's a start-up savior out there who can drastically reduce your cost of leasing an office and maintaining it?
That savior is Aaddress.in, a company that helps you run your business profitably and sustainably.
Aaddress.in is an aggregator and service provider for virtual offices in India. They help start-ups, micro, small, and mid-sized enterprises scale their businesses profitably without having to worry about sky-high office rent in India.
As pioneers in the virtual office solutions provider in India, Aaddress.in is trusted by more than 12100+ businesses all over the country.
Let's get straight to the point. Virtual office, like one provided by aaddress.in, saves huge amounts of money for your business by giving an authentic address and office services at one-tenth of the cost of leasing a traditional office or keeping a staff.
To understand it better, imagine a startup— ABC Tech that specializes in developing mobile applications. The company operates from a small rented office space in Bengaluru’s prime location. It costs them ₹1,50,000 per month.
The founders soon noticed that the majority of team members preferred working remotely, which meant the office space is underutilized.
They make the wise decision of switching to a virtual office setup that costs them only ₹22,000 per month! And this includes getting a prestigious business address, mail handling, and occasional access to office space when needed. This one simple strategic move saves ABC Tech ₹1,28,000 every month, reducing their annual operating costs by over ₹15,36,000.
These savings can be redirected towards areas like marketing, product development, and recruiting top talent. The result is greater profitability.
These numbers can be even better if you factor in the staggering costs of renting multiple office spaces in the top 20 cities of India.
Since it's a virtual office, you don't have to pay exorbitant amounts of rent, electricity, cleaning, maintenance, etc.
Think about it! You could add an office location in literally all the top cities of India. All of this by paying almost one-tenth of what you would have shelled out for real physical addresses.
Definitely a game changer.
For the simple fact that virtual offices are much more affordable and hassle-free than maintaining a brick-and-mortar office.
● No Extra Expenditure On Renting Commercial Premises
● No unnecessary utility bills
● No maintenance
● No furnishing
Absolutely nothing that can eat into your startup’s budget!
Our previous example clearly demonstrated how virtual offices increase your startup's ability to innovate and grow.
Here's another one to help you visualize the impact of virtual offices through numbers.
Consider your virtual office is helping your business save INR 3 lakhs per annum and you continue with it for 5 years. You decide to invest this saved amount in your business and it generates a 25% compounded annual growth rate (CAGR).
After 5 years, this amount is going to be 3x5= INR 15 lakhs. Over the next decade, you'll be able to save something like INR 30 lakhs plus. That's the power of compounding when you are able to save serious money!
If you think deeply, platforms like aaddress.in are actually democratizing entrepreneurship in India.
Virtual office services are unparalleled as they come with the benefits of getting a prestigious business address in a desirable location, professional mail handling services, dedicated phone numbers, and access to meeting rooms and conference facilities on an as-needed basis.
You also get the opportunity to tap into a global talent pool by allowing remote work arrangements. With geographical barriers becoming irrelevant, you can welcome a diversity of talent and innovation within your team.
Another advantage of virtual offices is their scalability. As your business grows, its space requirements may fluctuate. While traditional office leases will become inflexible and costly to adapt, virtual office solutions offer scalable plans. You can easily customize them to suit your rapidly changing needs. It could be expanding into new markets or downsizing during lean periods, aaddress.in will give you the flexibility to adjust your office arrangements accordingly.
A big win I must say!
Moreover, virtual offices promote sustainability by reducing the environmental footprint associated with traditional office spaces. Wondering how?
A number of things.
How about we start with telling you about the prospect of registering a virtual office in any of the 28 states of India?
You'll be paying a very nominal fee to get a professional business address. You are free to get it registered for GST or a professional tax. Even for a trade license. It's 100% legit.
Aaddress.in will also provide you with easy and quick access to rent agreement, electricity bill, NOC, and other relevant documents.
They have special plans for e-commerce businesses that involve reducing returns by 50% by storing inventory in Amazon/Flipkart FCs and much more.
All you need to do is visit their website, sign up, and pick a plan that best suits your needs.
This is your chance to be a part of India's budding start-up ecosystem. Let virtual office solutions play a vital role in fueling the innovation and growth of your emerging business.
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