Every business needs to start somewhere, it’s either from your kitchen table, the spare room or even your bedroom. Sorting out suitable office space can take a while and is a big investment when you’re only just starting up.
Many start-up companies and sole traders will use their home address as their business address but it can be a dangerous decision and even one which could potentially hit your revenue.
When you use your home address as your business address, it becomes public. Everyone can find out where you live at the click of a mouse. Do you really fancy the possibility of customers, competitors or just the plain mad ones to turn up on your doorstep at 03.00 AM?
With the advances in technology, using your home address can also cost you in terms of revenue.
Let’s imagine you’re pitching for a piece of business with an established company. To seal the deal could allow you to grow and could open the door to many more opportunities.
You’ve made contact and sent further information. The first thing anyone does is to Google your company and check your website.
A quick click through to Google map and instead of seeing something like this:
They’re likely to see this:
Your business, all of a sudden, doesn’t look as established as your marketing material might portray.
It could raise the question in the mind of potential clients that your company might not be able to cope with the level of service they require and they might end up awarding the contract to someone else. Is it something you can afford?
What are your options?
You can set-up a PO Box with Royal Mail but this doesn’t really help in terms of business. There’s always an element of doubt behind the anonymity of a PO Box.
Many companies offer Virtual Office facilities or mail forwarding. They will allow you to register your business using their address or you can use it as a trading address.
When sourcing a supplier, make sure they adhere to a strict code of conduct. The Business Centre Association lets you search for service providers. All members are signatories to the BCA Code of Conduct and abide by their Consumer Charter.
Another thing to bear in mind is the cost attached to the services. Many will charge a small monthly fee to use their address but will charge you a handling fee, higher than Royal Mail postage costs and VAT on top of it all for every single piece of mail. Before you know it, it could cost you over £50 a month instead of the £5 you originally signed up to.
Find a provider who will charge you a flat monthly fee and will only add the cost of the stamps as charged by Royal Mail.
If you would like further advice, feel free to post a comment or give us a call. We’ll be more than happy to guide and advise you.