Day by day, inflation is making its presence more and more felt and everybody—consumers and business owners alike are feeling it. It is getting harder to stick to household budgets and overhead expenses are more challenging to keep up with as well. With no relief in sight any time soon, many businesses are suffering from losses in their previous and current financial year. Conference room leasing and coworking spaces might just be the thing entrepreneurs ought to consider as a solution to this dilemma.
Traditional business models for certain industries “require” a brick and mortar establishment where business is to be conducted, and it’s not hard to see why. For larger corporations, having physical places of business may be more doable but not without losses. Imagine the impact of this on smaller business owners who don’t have the capital to construct their own building through…
The Power of Face-to-Face Interactions
One of the reasons why businesses have physical premises is to be able to meet clients face to face. However, in the past couple of years, the world has changed in the face of the pandemic, leading to less personal interactions. While online meetings do work, meeting in person still has its advantages. Some of which are:
- Establishing authentic rapport – People are more easily able to gauge others through certain body language cues which are not always visible during virtual meetings. Non-verbal cues that are better observed face to face can help make or break deals and change the course of a business transaction.
- Seamless collaboration – Face-to-face interactions in conference rooms or other real life settings are not impacted by the unspoken rule of taking turns during a virtual meeting since it is easier to see when a person is done talking. More people can chime in, adding more value to work meetings. Work is also less interrupted by technical issues such as lack of internet connectivity or software/hardware problems.
- It helps build long-term business relationships – Human interaction helps build trust and puts business owners and clients as well as colleagues more at ease with each other. For entrepreneurs, meeting face to face signifies sincerity, focused attention to clients’ needs, and ultimately helps strengthen professional bonds. Scaling businesses are usually dependent on repeat clients which is why maintaining healthy business relationships is very important, and nothing beats personal interaction in such instances.
How Inflation Impacts Real-Time Interactions
As consumers’ and business owners’ confidence against COVID increases and with restrictions continuously being lifted, more real-time interactions are taking place once more. As stated earlier though, overhead costs along with other expenses are continuously on the rise. For small business owners, acquiring physical space and paying for building rentals are taking a huge chunk of what could have been profit instead. Instead of having money-making financial years and being able to scale their businesses, entrepreneurs face the worry of where to conduct business instead.
Thankfully, conference room leasing and more flexible coworking options are now available. Such options allow entrepreneurs to continue their face-to-face operations without having to worry about skyrocketing rental payables.
At Britannia Business Center, flexible packages for coworking spaces and conference room leasing are available. From smaller, more private meeting rooms to larger spaces that can accommodate more professionals, we have collaborative spaces for you. You can conduct business and do more of what you love without the weight of an entire building rental weighing you down!
With our ideal and easily accessible location, you and your clients can meet in a professional setting without the hassle of building rental and upkeep. Apart from conference room leasing and coworking spaces, we also offer front-desk support to help you maximize your productivity and profits during your time with us. All it takes is a call to (403) 200-9264 to book your tour and discover the best conference room leasing terms for you and your business.