Whether you’re looking to expand your small- or medium-sized business to a new market or you’re the CEO of an internationally renowned conglomerate brand, renting a fully furnished satellite office in Mississauga or Ottawa is the perfect way to accommodate the needs of your growing business. Depending on the needs, preferences, and specifications of your business model, you can choose between operating a virtual satellite office that allows your employees to predominantly work remotely; or you can rent a physical satellite office space that’s centrally located to make commuting to work more convenient for everyone involved.
Satellite Office vs. Branch Office
As a business professional, you might have heard the terms “satellite office” and “branch office” being thrown around quite a bit by your peers. But what do they mean, what is the difference between the two terms, and which one is the best option for your business? If it seems like the two terms are being used interchangeably, that’s because they are interchangeable. Essentially, a satellite office and a branch office are the same thing. For the sake of continuity, we’ll continue to refer to them as satellite offices throughout this article.
A satellite office is basically a branch or division of a larger conglomerate corporation that’s located in a different area, city, region, or country than the original headquarters of the company. To put it into perspective, the headquarters of Starbucks is located in Seattle, Washington. However, they have satellite offices located within close proximity to each of their store locations, which allows them to conveniently offer support and greater availability to their store managers.
Satellite Office Benefits
In the age of advanced technology, businesses can reap tremendous benefits from investing in satellite offices. Not only does this business venture allow companies to break into unchartered territories for their brands, but it also gives them greater opportunities to appeal to vaster untapped national and international markets. After all, it wouldn’t make sense to expand your business to a particular country, state/province, or city without first researching and learning about the cultural norms of that particular region. Sometimes, the most effective—although, admittedly, not necessarily the most financially sound—way to do this is to delve into said region and explore it firsthand. Of course, this means taking a calculated financial risk that could eat up a great deal of your resources, which is why you must thoroughly weigh the pros and cons of opening satellite offices in certain areas. Don’t make any rash decisions about any particular location. Do your homework and make sure that you’re not taking any unnecessary risks.
Things to Consider When Selecting a Satellite Office Space for Your Business
The following are a few important factors you should take into serious consideration before deciding on a satellite office space.
The physical location of the office building itself holds significant importance in a lot of different ways. First, you have to choose an area that’s central for the majority of your employees in that region. It should be relatively close to major transit stops and subway stations for people who don’t have access to a vehicle. Second, make sure the office building is in a relatively safe area with low crime rates. The last thing you want is for your employees or clients to feel unsafe every time they come in to work or stop by for a meeting.
That said, you should also take the rental fees in different cities into account. For instance, a fully furnished office space for rent in Mississauga or Ottawa could be significantly cheaper, but equally worthwhile, as renting an office space in Toronto where the rental fees are generally astronomical. It’s up to you as the business owner to decide the fate of your company and there’s a plethora of questions you must ask yourself in the process. Imagine if the majority of your employees live in the GTA, but your largest customer base or prospects are located in Toronto. This presents a problem of epic proportions when it comes to choosing an appropriate satellite office space. Should you choose the more affordable location to make it easier on your employees or should you stretch your budget a little to accommodate your clients? This is an important question that all business owners must come to grips with at some point throughout their careers.
Size and Layout of the Office Space
Another important thing to take into account is the size and layout of each potential office space you consider. Make sure to account for all of your employees and the amount of required space each of them occupies. Then, carefully examine the layout of the office space and ask yourself if you would be comfortable working there and whether each particular office space will suit the requirements of your company. Keep in mind that the type of office space you ultimately choose as well as the interior and exterior décor is a reflection of the nature of your company and in turn, yourself as a business owner.
Infrastructure and Facilities
One of the major benefits of renting a satellite office space is that, these days, most rental companies provide modern business with the basic infrastructural necessities that are expected to be included in their contract. This includes an efficient and dedicated administrative staff to take on reception duties; high speed Internet or Wi-Fi connectivity; full access to computers, laptops, tablets, and other modern communication and work-related devices; use of an inner-office kitchenette; and access to well-maintained, clean meeting rooms and boardrooms.
Fully Furnished Satellite Offices for Your Business
Innovative Professional Offices offers high-end, beautifully and fully furnished satellite office spaces for rent in Ottawa, Mississauga, Toronto, and the rest of the GTA. Our all-inclusive office space rental packages are fully customizable to suit the specific needs of your business and fit within your budget without any obligation to signing a long-term or permanent lease agreement. It’s our mission to make it easier for businesses of all sizes—whether you’re just starting out or have been established for many years—to find reliable and efficient offices spaces to rent. For more information on the services we offer or to book a tour of our facilities, please contact us.
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