Tag archive for ‘office’

Leasing Seats: Why Investors Should Consider Renting Out Co-Working Offices in the Philippines

by Admin - on Oct 30th 2018 - Comments Off on Leasing Seats: Why Investors Should Consider Renting Out Co-Working Offices in the Philippines

modern work spaceCo-working spaces are booming, and it appears they are here to stay.

study projected that from 14,411 co-working spaces worldwide in 2017, the number of shared spaces will grow to 30,432 in 2022. This marks a forecasted annual growth rate of 61.1 percent from 2017 to 2022. Additionally, by 2022, the population of co-working members worldwide is expected to reach 5.1 million.

Property listing site Property Access Philippines credits the Philippines’ share of this boom to the “uninterrupted growth” of freelancers and start-up entrepreneurs in the country. In addition, according to the company, even large enterprises are allowing their employees to work in co-working spaces.

Co-working spaces offer a lot of advantages, especially to Millennial workers. Entrepreneurs and freelancers in co-working offices benefit from the low-cost of these spaces. Additionally, co-working offices are ideal for those who want to work in flexible and collaborative environments. Working with professionals with different skills can also pave the way for co-working members to build their own company.

But, this is the question for real estate investors: should they lease out traditional office spaces or co-working spaces? Here’s why they should seriously consider the latter.

The Small Cost is Attractive

Typically, small businesses, freelancers, and startups flock to co-working spaces to do their jobs or operate their businesses. And these professionals and small-to-medium companies are growing in the Philippines.

Small companies often have a limited budget and small teams. For this reason, instead of signing a long-term lease, they opt for co-working offices. These startups can rent a private room or a single desk. Apart from the space, co-working offices also provide internet connection, telephone lines, and office equipment. Meaning, startups don’t have to worry about office chairs and tables, among other items.

On average, co-working spaces in the Philippines cost about P500 per person daily, inclusive of coffee and water. Members can also rent a private room for meetings at a reasonable rate.

Rising Freelancer Population in the Philippines

The explosion of the digital economy has paved the way for freelancers to thrive around the world. The same is true for the Philippines, which is considered as the social network capital of the world. The Internet is a very significant tool for freelancers. Without it, they cannot do their jobs or connect with their clients efficiently.

In 2017, the US-based service, PayPal, released its Global Freelancer Insights Report. The report surveyed freelancers from 22 countries, including the Philippines where, the study found, two percent (1.5 million) of the workforce is made up of freelancers. Among these 1.5 million freelancers, 65 percent are women. Additionally, the report showed that 86 percent of Filipino respondents believe their startup or freelance businesses would grow.

Abhinav Kumar, the head of Paypal Southeast Asia, said that “the Philippines’ freelancer market is… poised for further upsurge, with more Filipinos looking to getting freelance work from overseas.”

Further, according to the report, flexible working hours are one of the main reasons that Filipinos want to be freelancers.

There’s Not Much Competition at the Moment

Yes, the co-working industry is growing, but currently, there’s no one company at the forefront of this movement.

Co-working offices in the Philippines are relatively new, and there’s still a big space for investors. The ideal locations for this type of office set-up in the country are business districts like Makati City, Bonifacio Global City, and Metro Cebu.

In recent years, freelance and remote workers would go to coffee shops to work. Co-working spaces, however, now offer a more conducive space to work. These non-traditional office settings present business opportunities not only to online professional but to real estate investors, as well. To begin, investors looking to break int the industry need an ideal location, a high-speed internet connection, and good-quality tables and chairs.

Co-Working Spaces: The Basics in Putting Up One

by Admin - on Apr 23rd 2018 - Comments Off on Co-Working Spaces: The Basics in Putting Up One

Woman working in coworking spaceA key to becoming wealthy is to generate passive income, and one of the options you have is to own a business. When it comes to opportunities, you can find some in the co-working industry. For example, you can build a co-working space.

If it’s something you’re ready to explore, these basics can give you a head start:

1. You could buy a franchise.

Starting a co-working space – or any business, for that matter — is not for the faint of heart. Birth pains are real. In fact, by the fifth year, more than 30 percent of the startups do not survive.

While there’s no shortcut to growing a business, but it helps when you consider a franchise. It immediately gives you access to tools and other resources you need to succeed.

Nevertheless, it’s equally essential to know of a turnkey franchise opportunity or two. Find out how much you will likely spend for holding the franchise. Some of the expenses are the franchise fee, which is usually fixed, and the royalties.

2. The market is huge.

Co-working spaces are popular for a variety of reasons. One of these is its clientele. These offices are well-known among independent contractors, freelancers, and telecommuters.

According to Upwork, more than 57 million members of the workforce are already freelancers. By 2027, they will comprise the majority of the working population. Around this time, there will be no less than 80 million of them.

Many factors currently fuel the growth of the freelancing economy. These include mobility, especially cloud computing. These allow people to work anytime and anywhere. They don’t need to be tied down to a permanent workstation.

3. Liquid capital is essential.

If there’s one thing you need to know about franchising, it’s that these fees and royalties are not your only expenses. Others are more variable. These include staff wages, rental costs, and marketing.

Man working in coworking spaceSince it takes a while before you can claim a profit, businesses need to have a liquid capital. It is an investment you can access and spend whenever necessary. It will help you tide over until you can declare an income.

There are thousands of co-working spaces around the country. Trying to stay competitive can be difficult, especially if you’re new. With the right support and financial understanding, you’re in for a good start.

A Selection Guide for Commercial Air Conditioners

by Admin - on Jan 23rd 2018 - Comments Off on A Selection Guide for Commercial Air Conditioners

Office interiorOffices would be uninhabitable were it not for the air conditioners.  You may also need air conditioners for areas such as cooling production rooms or the server room. As such, you need to select air conditioners that serve the entire office space efficiently and conserve energy. Here are a few tips to help you select the right commercial air conditioners for your office.

The cooling capacity

You need to estimate the AC capacity you need to cool your entire office. You can use air conditioning services in Whangamata to get an accurate estimate of your air conditioning requirements. Otherwise, you will overwork your new AC and yet get inefficient service and frequent breakdowns.

Do you need zoned or centralised air conditioning?

The centralised air conditioner manages the indoor air from a single thermostat. It is ideal for a restaurant or shopping malls with large open spaces. The zoned air conditioner has a thermostat in every zone. It is ideal for buildings with several offices or departments.

Power requirements

Different commercial air conditioning brands vary in power consumption. Given that air conditioning will take a significant portion of your energy bills, you should go for brands that are energy efficient. If you are shipping air conditioners, ensure that they conform to the 240-voltage standard in New Zealand.


Look for brands that are known by local air conditioning technicians. This will save you the hustle of looking for a technician for servicing and repairs. You can ask for recommendations from air conditioning services or search the internet for common brands.

The type of the air conditioner you choose determines the quality of the service you get from it and the number of times you will have to call a technician. Use the points above to select an air conditioner that will serve you for long and efficiently.

What a Good Administrative Manager Can Do for Your Office

by Admin - on Jan 17th 2018 - Comments Off on What a Good Administrative Manager Can Do for Your Office

an administrative manager talking to an employeeThe most frequently overlooked function in running an office matters just as much as big higher positions, such as the finance, business development or legal management departments.

One such function is office administration. This is a support service which includes facilitating document routing, office upkeep, availability of office supplies, bills payment, mail deliveries, client reception, office security and many more. Here are some ways you can do it exceptionally well:

1. Outsource.

With so many tasks that need to be accomplished in a single workday, outsource portions of that to-do list to a competent provider.

A cleaning company such as ProKleen in Salt Lake City, for example, can handle the upkeep of the office and save management the trouble of having to manage its own housekeeping team. Outsourcing is often a cheaper, less time-consuming, and more effective option.

2. Anticipate needs.

It’s good to be responsive to the requests of the staff but even better to identify what you have to do before the need ever arises. If, for example, the queues in photocopy machines are becoming increasingly long, make a recommendation to double the equipment to avoid delays.

Being proactive in this manner is better than waiting for someone to complain.

3. Develop a system and a checklist.

This timetable should be part of a documented procedure and consistently followed. The International Organization for Standardization (ISO) has specific recommendations about how it should develop work procedures.

4. Find ways to conserve and save.

Office administrators help manage the use of supplies such as paper, pens, tissues, and hand soap. The misuse of these supplies and a culture of wastefulness can actually hurt the bottom line in the long run.

Not having a good administrative manager can quickly make work a little harder for everyone, increase waste, and dampen office morale. This support service affects all other functions and thus is of great importance.

Cleanliness Can Set Your Business Apart When Nothing Else Will

by Admin - on Jan 8th 2016 - Comments Off on Cleanliness Can Set Your Business Apart When Nothing Else Will

Cleaning the OfficeTo the modern business, a monopoly is a pipe dream.

In the past, companies were able to corner entire markets as long as they got there first. The race toward the innovation of the everyday item was a race towards economic supremacy. Now, any person can foray into the countless pre-established industries as long as they are willing to shell out capital or ask people for it. Quality and price are no longer the sole determinants of success; identity is.

Same in Every Way

When a business is locked in a system where the product is not cooked, crafted, or imagined by the company itself, distinction becomes the primary asset. For example, several companies may find themselves selling balloons. Diversity between helium and rubber sacs can only go so far, and a tendency for the industry to turn into a lucrative bout of eeny-meeny-miny-moe becomes an unnecessary risk.

So what can businesses do? How can a product be elevated when the innovation is limited by an impermeable ceiling? Go for the floors, the windows, the countertops, the nooks and the crannies. A spotless place inviting customers to come in and sully it is a time-tested marketing strategy, which some establishments still fail to use to their advantage.

Making All the Difference

Fourteen in every one hundred customers will stop visiting a dirty store, even if the product is fine. Having a pristine shopping environment is crucial to attracting and retaining customers. Cleanliness taps into an instinctive longing for safety. Hamilton commercial cleaners agree that sanitary standards are part of the commitment to providing the best overall service to the public. It can even improve the perceived quality of any product. Accessories appear more high-end when clutter and tackiness are out of the picture. Food also tastes better when eaten within a fine ambience.

Establishments serving food, especially have the most eyes turned to them. Sanitation grades are essential to the food industry, much like its distant scientific, medical and environmental counterparts. A reputation for hygiene and health can make or break up-and-coming restaurants. Businesses dealing with items handled by children should also be in top shape.

Fostering a location that is characteristic of success must follow the creation of the new business itself. Efforts in creating a product or service to dominate the market should not go to waste just because a customer becomes too disgusted to walk through the front door.