Charity events are a great way to raise money for important causes. But this can be a little daunting. That’s why we’ve created a step-by-step guide to help you effectively plan a charity event that gains donors and attendees and achieves your fundraising goals.
Here are a few steps you should follow:
Step 1: Determine the goal of your event
Like any event, it’s important to determine what you want to get out of it. Determining goals allows you to track and measure the success of your charity event. For example, it’s a good idea to set a goal on how much money you want to raise. This will encourage larger donations from attendees as they’ll want to help you reach your desired amount.
Other goals may include:
- Acquiring new donors.
- Promoting your cause and getting publicity.
- Engaging with potential donors.
- Reconnecting with existing donors.
Set a budget
For a charity event to be successful it’s important to remember that significant money and time may need to be invested. To ensure you keep on top of costs, raise as much money as possible and deliver an engaging event, it’s a good idea to create a detailed budget before you start spending money. Your budget should include costs for things like:
- The venue.
- Entertainment.
- Fundraising and/or auction software.
- Marketing and advertising.
- Catering and refreshments.
- Invitations.
- Furniture, crockery and cutlery.
- Staff.
- Any video, presentation or audio equipment.
Choose the type of event you want to hold
When planning your charity event, it’s important to define the type of event or theme you want to use. When deciding this you should consider what will resonate more with your guests and encourage better engagement. To get a better understanding of this there are a few questions you can ask yourself:
- What do our guests prefer to get involved in?
- Where do our attendees live?
- Will the weather have an effect on my event ideas?
- Does my cause have a specific demographic?
These questions will allow you to narrow down the type of charity event you hold and any set themes. For example, some types of charity events include:
- Fun runs or walkathons.
- Competitions.
- Fashion shows.
- Auctions.
- Exhibitions.
- Galas.
- Concerts.
Research and book a venue
Choosing the right venue is crucial to having a successful charity event. You’ll want to make sure your venue fits your theme, accommodates your cause and is easy to get to for your audience.
Venues are usually the biggest cost and while you want to create an excellent event, you don’t want to overspend or significantly underspend your budget. When looking for a venue you can ask yourself a few questions, such as:
- Does the venue fit my theme?
- Does it have enough space to accommodate the number of guests we want to invite?
- Does this venue have any previous experience hosting charity events?
- Does this venue fit my budget?
- Can tickets be reasonably priced based on the cost of the venue?
Promote the event, send invites and sell tickets
After spending numerous hours planning the perfect charity event, you don’t want to neglect to promote the event, send invites or sell tickets.
Marketing your event helps you reach a wider audience and encourage people to buy tickets, helping you to sell out your event and reach your fundraising goal.
Social media is a great way to promote your event as it’s often free and helps you reach an already acquired audience. It also allows you to post regular updates and photos taken during the event for guests to easily access and keep up with any changes or updates.
You can also send out invitations to those you want to attend helping you curate the perfect set of donors and attendees. This can also encourage others to buy tickets as influential people relating to your cause may influence ticket purchases and conversations about your event.
Set up the event
It’s the big day! That means it’s time to start putting all of the finishing touches in place. This may include:
- Making sure the entertainment knows where to park, the time they’re performing, when they need to arrive and the time of any rehearsals.
- Decorating the venue.
- Preparing food and refreshments.
- Setting up tables.
To ensure the day runs smoothly it may be a good idea to create a clear and thorough schedule for the day. This could also include information on dress codes and the times different team members need to arrive. Creating these should, in theory, mean that everyone is on the same page and understands their requirements and the overall plan.
Get in touch with attendees after the event
Getting in touch with your attendees after the event makes them feel valued and like they’ve played an integral part in something special.
Sending thank you notes and updating guests on how much was fundraised lets them know the impact the event has had on the cause. This also helps you build strong relationships that lead to returning guests and donors helping you make significant contributions to your cause in the long-term.
Hosting a charity event at Millennium Point
We have extensive experience in hosting a whole range of events, including charity events and our spaces benefit from:
- Being fully flexile – Multiple of our spaces are perfect for a variety of events.
- Outstanding services and add-ons – We offer bespoke catering and hybrid and virtual events to help you accommodate all of your guests.
- Being in the heart of Birmingham – We have onsite parking and are close to various train stations as well as being a short walk from the city centre. This gives guests multiple transport options helping you gain a bigger turn-out.
Many of our spaces also come with tables and chairs allowing you to create your desired seating plan if required. Our Auditorium is also perfect for a range of events like awards shows and auctions due to our giant screen and stage.
Formerly known as the first IMAX, the Auditorium has comfortable tiered seating where up to 354 delegates can be seated. It’s also equipped with Datavideo PTC-280 cameras giving you the opportunity to live stream your event.
If you’re looking to host an exceptional charity event, explore our range of event spaces and their benefits.
We have launched our new and improved catering brochure! Our new menu is brimming with delicious choices to make your event first class!
We review our offer on a regular basis, to ensure our multi-award-winning event service remains current and competitive, and are thrilled to present our latest update. Whether you’re looking to host your film premiere with canapes, or a 3-course meal for your next awards, you can expect an unforgettable experience!
View the menu here.
Our most sustainable menu yet
We are excited to launch our new catering menu which is full of tasty choices perfect for your next event. Our mission is to make our catering options as sustainable as possible without compromising on choice for our clients. With more locally sourced ingredients and wider range of vegan options, it’s our most sustainable menu yet.
Victoria Webb, Event Sales Manager says ‘Millennium Point’s new catering menu is the newest upgrade we have made to continue to provide our guests with the best experience. This update reflects our commitment to providing environmentally conscious options while enhancing the overall event experience for our clients’.
Keep up to date with Millennium Point
Upgrading our menu is just one of the ways we continually develop Millennium Point to give the best experience to our guests, tenants, and customers. With a lot planned for 2024, keep up to date with the latest here.
Millennium Point has been awarded the Excellence in Hospitality, Retail & Events Award at the Greater Birmingham Chamber of Commerce Awards 2024. The Awards are the region’s biggest celebration of business and were hosted by broadcaster and comedienne Noreen Khan. The award winners were announced on 15 February in front of more than 1,000 people at the ICC in Birmingham city centre.
The Excellence in Hospitality, Retail & Events category was highly competitive. The judges singled out Millennium Point’s dedication to sustainability which has resulted in a more ethically and locally sourced catering menu, enhanced recycling practices, energy efficient initiatives, and hybrid event solutions. The judges were also impressed with Millennium Point’s charitable work supporting young people in the area through STEM education, which has included an investment of £4.3 million in the last year.
Rebecca Delmore, Millennium Point Commercial Director, said: “We are thrilled to have won the Excellence in Hospitality, Retail & Events Award. The award reflects the dedication of the Millennium Point Team to deliver the best experience for our clients. We are delighted to be recognised for this.”
Each year the Millennium Point Trust funds an undergraduate degree at BCU’s Faculty of Computing, Engineering, and the Built Environment.
To celebrate the Scholarship’s 10th year, we are speaking to some of the previous winners to revisit their winning moments.
2023’s winner Safa is the latest winner who impressed judges on the assessment day
Safa was studying Applied Science at South and City College, she developed an interest in the computing world in secondary school and was further inspired by speeches from women in STEM. Now at BCU we caught up with her to see how her first term went!
‘University life as a Computer Science student has become a transformative experience. Embracing a multitude of coding projects, from creating efficient algorithms to developing practical applications, and provided a hands-on understanding of the diverse aspects of the field’.
Continuing on her Scholarship Safa says ‘Overall, the Scholarship has not only paved the way for academic success but has also enriched my university experience by providing a progressive and collaborative environment. I’m excited to continue this journey, exploring new challenges and developing technologies in the field of Computer Science’.
Asima won in 2021 and is well into her STEM story
Asima was studying Social Science and Humanities before scoring top spot in the Scholarship finalists.
Asima remembers why applying for the Scholarship was so important to her. ‘The reason I applied for the Scholarship was because it was an opportunity that stood out. It’s your entire undergraduate degree that has been paid for. I was thinking how lucky I would have been if that was done for me. And I went for it because I had nothing to lose and an opportunity to gain’.
Continuing she wants to promote and help others get into STEM. ‘When I won the Scholarship, I felt so lucky, happy, and very overwhelmed that I was chosen. As well as having the degree paid for, I was also given a platform from the Millennium Point Trust which would help me reach out and try and help and guide others too as a STEM ambassador’.
Laura’s ‘dream come true’ when she secured her Scholarship in 2019
Laura who went on to study Film Production Technology beat over 100 applicants in the record breaking year. Looking back Laura realised by spending a little time on her application, it started her on the path to winning the Scholarship.
‘Sparing a little of my time to fill in the application in return for what could be a big opportunity was an obvious choice that I knew I couldn’t let pass by. The Scholarship is open to everyone, and that really inspired me to apply because there were no expectations other than having a passion for the course I had already applied for’.
‘I think the Scholarship is a brilliant scheme that extends beyond the funding – I was supported to build so much confidence during the process and it was great that at that age a very shy person such as myself was given a chance to share my love for my subject and demonstrate it’s importance. I’m sure all the other candidates feel the same way’.
Dudley College of Technology has revealed its brand new STEAM (Science, Technology, Engineering, Arts, and Mathematics) hub, that will enhance education and accessibility within the community. The project, funded by Millennium Point has transformed an existing space which the college had outgrown into a dynamic space fostering innovation and creativity in students.
Nestled beneath Dudley Castle, the renovation of the current Design & Technology room, formerly an elephant house, is a result of collaboration between dedicated staff and students, and the financial aid provided by Millennium Point Charitable Trust. Approximately £17,500 of the total grant has funded the purchase of a wide array of cutting-edge equipment, including a 3D scanner compatible with 3D printers, height-adjustable workbenches, a laser cutter, and an F24 Greenpower kit-car. This array of tools is designed to cater to learners of all abilities and empower an inclusive educational environment.
Part of the Millennium Point funding will also enhance the STEM library, making it a valuable resource for local Dudley Academies Trust (DAT) schools and the broader community. This vision extends to Brierley Hill’s Inspired Art and Design Centre, which is under consideration as a dual site for the STEAM Hub, offering specialised support for students with SEN.
The iZone, Dudley College’s upcoming purpose-built engineering block, is another integral part of this project. Boasting a laser cutter and an existing printer, the iZone epitomises the high-tech aspirations of the STEAM hub initiative.
Adrian Eynon, Product Design lecturer at Dudley College of Technology, said: “Product Design is very much a traditional craft-based subject, but we’re wanting to modernise and move into a technological future with laser cutters and 3D printing, which will prepare students for the world they’ll experience in the industry. The investment will massively increase the quality and standard of the students’ work, and that quality will translate to their confidence.”
Abbie Vlahakis, CEO of Millennium Point, added: “I am immensely proud of our collaboration with Dudley College of Technology and establishing the Universal Access STEAM Hub. This project underlines our mission to promote STEAM education, and we hope it will serve as a cornerstone for educational excellence, and inspiration for the local community.”
Set to welcome its first students in early 2024, the Universal Access STEAM Hub marks a significant milestone in the college’s history. This transformative educational environment is set to inspire not only the current crop of learners, but also future generations.
What’s new?
We have officially opened the doors to Station – the latest addition to our award-winning venue.
In addition to 16 popular event spaces, including the Auditorium, Connect and Express, Station brings a brand-new opportunity to the mix for businesses, charities and beyond.
Why choose Station?
With multiple rooms, including a main room that is perfect for engaging with audiences and multiple boardrooms that can be used as offices, speaker green rooms or quiet spaces, Station offers flexibility and can be tailored to individual needs with a choice of seven possible layouts.
Whether opting for the room to be laid out in theatre style for a big presentation or classroom style for teaching and learning, Station can be adapted quickly and easily to suit diverse and wide-ranging needs. Alternatively, the space can enjoy a standing layout, boardroom set up, an exhibition stands format, a banquet style or cabaret – all in one space!
Plus, with a maximum capacity of up to 150 delegates, the space is ideal for team activities, workshops, or networking, alongside further presentation opportunities, and catering.
The space also has high-speed Wi-Fi and access to an on-site AV technician as standard, ensuring that each and every event runs smoothly and without hassle.
How do I book Station?
Offering unbeatable flexibility, could Station be the perfect space for your next event? If so, simply fill out our enquiry form and we will be in touch.
Additionally, with multiple flexible venue spaces to choose from, we have what you need to put your event on the map. If Station isn’t right for you, you can discover more about our other event spaces here.
Finding the right office space is essential for fostering an environment of productivity and happiness. This varies among different companies, making it important that you take the necessary steps to consider what your ideal office space would be.
This blog will explore 4 steps to follow when searching for the best office space.
1. Set a budget
Setting a budget is a great way to ensure you choose an office space you can afford. While it can be tempting to choose a cheaper office to help you save money, it’s important that you choose somewhere that meets all of your requirements. Similarly, you don’t want to opt for a more expensive choice if you won’t use all of the space or facilities.
Creating a realistic budget that meets your businesses needs will help you find the right office for your company.
2. Prioritise the location
Location is an essential factor when looking for the best office space. Research by Clutch shows that 49% of employees say being near their home is an important factor in an office’s location. Choosing an office that’s near the majority of where your employees live or is close to a variety of transport links will make it easier for staff to get to work. A shorter commute to work also creates happier, healthier and more productive employees, helping create better quality work.
Choosing an office close to a variety of restaurants, cafes and bars is also great as it gives your staff the opportunity to socialise during lunch breaks or after work, helping to create better working relationships. In fact research shows that when employees leave their desk for lunch they tend to be happier about their work. This showcases that having an office in a location that gives staff the opportunity to have their lunch break away from their desk has significant impacts on both them and your company.
3. Think about comfortability and spaciousness
We all know that employees spend most of their time at work, so prioritising comfortability and spaciousness is essential. This can encourage an environment of productivity, creativity and overall well being. Opting for a space that comes with ergonomic furniture and well designed workspaces can significantly enhance staff productivity while saving you money. Managed office spaces that come with their own furniture and facilities could be a great way to find the best office space for your company that’s within your budget.
Having a spacious office not only provides ample space for staff to work efficiently but also helps to create collaborative areas and breakout spaces that promote teamwork and innovation.
4. Ask staff what matters to them
One of the most important steps to take when you’re looking for the best office space is to ask your staff what matters to them. Understanding what your employees value will give you the confidence that you’ve found the right office space.
According to a study by Forbes, 87% of workers want their employer to provide healthier work space benefits, such as:
- Wellness rooms.
- Fitness benefits.
- Sit-stand desks.
- Healthy lunch options.
- Ergonomic seating.
You can ask staff for their top priorities through 1-2-1s, meetings or by distributing online surveys. Getting your staff involved in the process of looking for a new office makes them feel valued and heard. It also gives you the opportunity to understand what their ideal workspace looks like and what factors you need to consider. These could include::
- How long it takes to commute to the office.
- The top desired features.
- What type of office or layout staff want the most.
Opting for an office space at Millennium Point
Here at Millennium Point we have a range of office spaces available that could be perfect for you. Our office spaces reside in our landmark building in the centre of Birmingham where a community of educators, innovators, creators and forward thinkers thrive.
Our office spaces offer:
- Flexible ownership options.
- Affordable long-term plans.
- Constant support throughout your lease.
As a result of us being in the centre of Birmingham, we’re placed near a variety of transport links, making it easy for staff and clients to commute to the office. We’re also near a range of restaurants, bars and cafes that allow your staff to socialise during lunch breaks or after work. This can also be beneficial for client lunches and meetings, helping you create better professional relationships.
If you’re looking for a new office space, explore our range of available offices to see if they’re right for you.
Opting for a managed office space can significantly reduce the stress of owning or paying for a space you need to run and furnish yourself. When this is paired with being located in Birmingham you have the perfect opportunity to expand as a company and truly invest in your staff and customers.
This blog will explore the benefits of renting managed office space in Birmingham:
Greater flexibility and scalability
Managed office spaces often provide flexibility, such as short-term contracts or giving you the option to come out of your agreement early. This allows you to easily adapt to changes within your business.
Having greater flexibility also enhances your scalability, as shorter contracts allow companies to easily adapt to changing requirements by expanding or downsizing their office space. This is particularly effective during the current cost of living crisis as it helps businesses better navigate the current climate and their finances.
Equipped workspaces
One of the many benefits of managed office spaces is that they tend to come fully equipped. This can include things like desks, chairs, high-speed Wi-Fi and audio equipment. This can reduce costs as businesses won’t necessarily need to spend money on furnishing their office space.
Having a well-equipped space can also lead to higher productivity and improved employee motivation. For example, spaces with lots of natural light and comfort can improve productivity and wellbeing.
Cost effective
Managed offices are cost effective as they reduce the amount of things companies need to pay for. For example, traditional office spaces require payment of gas, electricity and water bills, as well as furniture and maintenance costs. However, when it comes to managed office spaces these costs are often included within your rent instalments. They also tend to include things like reception support and cleaning costs. This helps to reduce overhead costs and provides a much more cost effective option for office spaces that still offer an exceptional look and feel.
Excellent location
Birmingham is an excellent location for your next office space. There are a variety of successful businesses in the heart of Birmingham City centre providing the perfect opportunity for networking, helping companies form new relationships with potential clients, customers and employees.
Being placed in the centre of Birmingham also places businesses near a variety of transport links, whether staff, clients or customers want to travel by train, bus, car or even plane, the choice is theirs. This makes it much easier for people to attend meetings or get to work, making it more likely that you’ll get the most out of your new office space.
Being located near a variety of shops, activities, restaurants and bars also allows staff to explore the city personally or as a team, contributing toward a better work-life balance and fostering better professional relationships.
Enhanced work-life balance
With managed office spaces having added amenities, such as a kitchen area, breakout spaces or fitness facilities a greater work-life balance can be achieved for you and your staff. Providing different spaces for your employees to work and relax in can create a better work-life balance as it can give them time to incorporate movement and breaks within their working day.
Furthermore, research shows that people who work in spaces with natural features report 15% higher levels of overall wellbeing. This can include things like:
- Having collaborative spaces and areas to relax and de-stress.
- Adding greenery like potted plants, living walls or flower gardens to rooms.
- Incorporating outdoor spaces like rooftop patios or a staff garden.
Managed office spaces tend to take a holistic approach to people’s working lives, allowing staff to seamlessly transition between their professional and personal life.
Renting managed office space at Millennium Point
Here at Millennium Point we have a variety of office spaces that could be perfect for your business. We offer:
- Flexible ownership.
- Affordable long-term plans.
- Constant support throughout your time at Millennium Point.
We’re also located in Eastside in the centre of Birmingham, surrounded by a community of educators, innovators, creators and forward thinkers. As a result we are:
- A short walk from Birmingham City centre.
- Close to a major motorway and all city centre transport links.
- Close to Digbeth, Snowhill and the mailbox.
- Have an on-site multi-storey car park.
- On-site meeting rooms and event spaces.
- Located near a range of high-quality hotels.
We also have a range of benefits you can take advantage of, such as:
- Having a vibrant hub of activity all year round, including things like public events and exhibitions in public areas.
- We’re sustainability friendly.
- Having in-house meetings and events spaces like our giant screen auditorium.
- Spacious, flexible offices that include an on-site cafe, parking and cleaning.
- 24-hour security.
- Our commercial activity funds our Charitable Trust that invests over £4.9 million into improving STEM education in the West Midlands.
If you’re looking to rent a new office space for your business, explore our available properties today.
Where we started
Opening on the 29th of September 2001 and officially being opened by Her Majesty on July 2nd 2002, the Millennium Point project was originally developed in partnership with a number of public and private sector institutions.
Millennium Point was spearheaded by Birmingham City Council, Birmingham City University (formerly known as the University of Central England) and the Birmingham Chamber of Commerce.
What we’ve achieved
We’ve achieved a lot in a short period of time. For starters, we’re home to some of the city’s leading institutions, like Birmingham City University, Birmingham Metropolitan College, Think Tank and Marketing Birmingham that have either been based in or continue to operate in our facilities.
We’re also the lead funder for the Science Park based in ThinkTank and have funded various other projects in the West Midlands area, such as the Ark Trindal Primary School’s science area.
At the end of the day, we here at Millennium Point aim to give back to our community by providing opportunities in STEM, helping to host fantastic events and acting as an excellent landlord for thriving businesses in the Midlands.
Millennium Point’s Charitable Trust
Our award-winning charitable trust invests over £4.8 million a year towards furthering STEM education in the West Midlands.
Our mission
At Millennium point we aim to advance education for public benefit. We look at the industrial and technological processes that have shaped the modern world and that will shape the future.
Our flagship initiatives
- Grants funding – We provide schools, not-for-profits and charities up to £20,000 to fund their Science, Technology, Engineering and Maths (STEM) projects.
- Scholarship programme – Every year we fully fund an undergraduate degree relating to STEM.
- STEM Roundtable – This brings together leaders from STEM industries, primary and secondary education, higher education and not-for-profits within STEM sectors to discuss difficulties those in Birmingham and the West Midlands are facing relating to STEM.
Our vision
Ultimately we want to be recognised as a leader in the promotion of STEM education and careers. We aim to do this by meeting these goals:
- Addressing the STEM skills gap through education and reeducation of STEM skills.
- Encouraging traditionally marginalised groups, such as BAME, LGBTQ+, girls and women, to undertake a career in STEM.
- Supporting the growth of STEM skills and careers within education.
- Supporting the growth of activities and events that promote STEM skills and careers.
- Raising the profile of STEM skills and careers.
To discover more about the work our Charitable Trust does, visit our charity page here.
Exceptional events spaces
Millennium Point is Eastsides largest events hub, where we have a variety of spaces, including our giant screen auditorium, perfect for any event.
Our spaces benefit from:
- Being fully flexible – We have spaces suitable for almost any event, such as purpose built meeting suites.
- Amazing services and add-ons – We can include bespoke catering and hybrid and virtual packages to make your event as successful as possible.
- We’re right in the heart of Birmingham – We have on-site parking and are a short walk from bus and train transport links, making it easy for guests to attend.
Why choose to host your event at Millennium Point?
Hosting your event with us increases your Corporate Social Responsibility (CSR), while giving back to the West Midlands.
All commercial profits from our events business and landmark public building go to our award-winning Charitable Trust. The Trust has invested over £25 million back into the West Midlands across the last six years to help support the growth of STEM education.
When you hold your event at Millennium Point your money makes change happen! For example your money could go toward some of our projects like:
- Our fully funded STEM Degree – Every year we provide one person with a fully funded undergraduate degree at Birmingham City University when they study a course relating to Computing, Engineering and the Built Environment.
- STEM grants and funding – Every year not-for-profit, educational institutes and charities can apply for up to £20,000 to fund their STEM related projects, events and initiatives in the West Midlands.
- STEM Roundtable – This is where local industry leaders and educators come together to address the challenges facing STEM in Birmingham and its surrounding West Midlands areas.
To discover which space could be best for your event, try out our Events Space Matcherator and one of our team will be in touch.
Perfect properties
Here at Millennium Point we have a range of properties that could make a perfect home for your business.
So what makes us different from other properties?
- We’re a vibrant hub of activity all year round, where we hold public events and exhibitions in public areas.
- We implement sustainable practices.
- We have in-house meeting and events spaces, such as our giant screen auditorium.
- Our office spaces are spacious and flexible and benefit from an onsite cafe, parking and cleaning.
- 24 hour security.
- We overlook Eastside Park.
- Our commercial activity funds the Millennium Point Charitable Trust.
To discover more about the properties we have to offer, get in touch with us today.
While we’re only 22 years old, our rich history has set us up for a lifetime of providing support to Birmingham and the West Midlands, helping them thrive and build a brighter future for those wanting to pursue a career in STEM.
While we have already achieved some amazing things, we’re not going to stop here. Whether you’re looking to host an event or find a new home for your business, just know that your money is helping us provide a better future for our younger generations.
Your complete guide to serviced offices
Serviced office spaces offer greater flexibility, practicality and cost effectiveness, as they tend to be furnished and avoid the need to pay for electricity and water bills. They’re also growing in popularity, especially among startup and smaller businesses, as they tend to fit in better with their budget.
Their popularity is also rising due to the increase in flexible working, where as a result, in London alone there are over 1,200 serviced office spaces.
What are serviced office spaces?
Serviced office spaces allow you to move in and start working right away, giving you the opportunity to move in as soon as possible.
They can also be more cost effective than purchasing a building as you won’t need to pay for utility bills and they tend to come furnished, meaning you won’t need to buy any furniture for the office.
Monthly costs can be worked out in two different ways, such as:
- Paying per desk/workstation
- Paying a flat rate for the office space
The pricing option you choose is likely to be decided on the size of your company. For example, it might be more cost effective to pay per desk if you only have a small number of employees. Whereas if your company has a large number of employees you may be better off choosing a flat rate.
What’s the difference between a serviced and conventional office space?
Serviced and conventional office spaces are usually run differently. For example, serviced offices can be rented for as little as a couple of days to multiple years, offering greater flexibility than a conventional office.
Fixed rent prices also tend to be offered if you choose a serviced option, helping you budget your money better. In comparison conventional leases often tie you into a long term contract for a fixed amount of time, giving you little freedom to move around.
Serviced spaces also tend to be furnished, helping you save money on buying the essentials like desks and chairs. You may however need to provide laptops or computers for your staff.
Who are serviced offices aimed at?
Even though serviced offices are popular among smaller businesses, it doesn’t mean they’re only available to them. These types of spaces are also available for:
- Global businesses – Businesses with teams all over the world can benefit from using serviced office spaces as different location hubs.
- Large businesses – Serviced spaces can help businesses avoid paying for big overheads.
- Home businesses – Serviced offices offer a great opportunity for business expansion or providing a place to hold meetings and pitches.
- For those who need a temporary workspace – If you need to increase or decrease your workforce depending on season demand, or you need to relocate, a serviced office space could be the perfect option.
What are the benefits of choosing a serviced office space?
This type of office space can benefit your company in various ways, such as decreasing financial risk through reducing or completely removing costly overheads. Other benefits include:
- Short-term lease agreements – These agreements allow you to move around flexibly if the office space no longer works for you, helping reduce the need for large commitments to one space.
- Cost effective – Serviced office spaces reduce the need to purchase furniture, WIFI and pay for electricity and water bills.
- Great location – Being in a great location can do wonders for your brand reputation, as well as encouraging staff members to come into the office more often.
- Flexibility – You can commit to a serviced office space for as little or long as you want, giving you the ultimate freedom to decide what’s best for your company.
- Networking opportunities – Being in a serviced space often means you’ll be surrounded by other businesses, giving you the opportunity to network.
What amenities are offered in a serviced office?
Serviced offices can come with a variety of amenities such as:
- Onsite staff – These can help out with maintenance, cleaning, security and answering any questions you may have.
- Up to date equipment – This can include the latest kitchenware and high-tech security software.
- Communication – Serviced offices often have staff members that communicate with you regularly through in person events or emails. The building can also improve your communications through installing high-speed WIFI.
- Catering – On site catering may be offered depending on the property.
- Efficient administration – Your agreement should cover rent and any services and facilities you use, making it easier for you to cover administration tasks.
- Leisure and fitness facilities – Some spaces offer amenities like gym and shower facilities.
- Breakout and event space – These can be offered in some properties and are a great way to promote productivity and accommodate different staff members working preferences and needs.
Networking events – Some spaces hold networking events to help those in the building meet and build new connections.