Tech startups are often operating on a tight budget where even a small cost-effective measure can provide a significant benefit. Many opt for a home address as a means of conducting their business. After all, some of today's tech giants such as Google, Apple, and Amazon have all had their start in a garage. Tech entrepreneurs focus more on their product than their office address, particularly at the early stages of the company's life. Nevertheless, the actual address of an early startup, be it tech-oriented or otherwise, can significantly influence its long-term success. Below are several of the reasons why:
Better Time Management
A home mailing address used as an office address will often mean sorting through and separating all the relevant mail. This can be an incredibly irritating and time-consuming task. On the other hand, those that choose a post-office box may have to drive many miles almost every day. Yet, with a virtual office address, mail can be sent to any location and will prevent sorting through the mail or driving to and from the post office box to retrieve it. All of this will be done on your behalf. In addition, you can use this spare time to focus on other core areas of your startup.
Improve Your Brand Perception and Reputation
When it comes to the tech industry, brand identity counts for a lot. In order to form profitable partnerships, get funding, and acquire customers, tech startups need to exude an image of success. However, home addresses and post-office boxes rarely manage to provide that sort of image. Permanent office locations tend to fare much better, but it all depends on the exact address. Gaining such an address in a professional area can be incredibly expensive and beyond the means of most early-stage tech startups. That's unless you take advantage of a virtual office address located in one of these areas. You will gain a significant brand image boost while also avoiding the high overhead costs of such a location.
Licensing and Business Registration Requirements
Since a physical mailing address is needed to license and register a business, this poses an additional issue for tech startups that wish to use a post-office box or home address. On the one hand, limited companies require a real address to register. This means that, in many cases, PO boxes are out of the question. On the other hand, home addresses can be used but can cause more problems than they're worth. For starters, everyone that has access to your startup's contact information will also know your home address. Besides, some municipalities have zoning regulations that prevent a commercial business to operate under a home address. Similarly, some homeowners' associations (HOAs) have comparable restrictions. Virtual office addresses will solve these issues.
Securing Office Addresses in Different Locations
Successful tech startups need a wider geographical presence than PO boxes or home addresses can provide. With virtual offices, you will be able to secure multiple office addresses in different locations based on your needs. For example, you may need to have a west coast and east coast presence, at the same time, without having to pay for the usually expensive locations in either location. In other words, you will be on an equal footing with larger enterprises, as far as these issues are concerned.
Since the tech industry is a highly competitive and fast-paced business environment, every benefit counts, particularly when it comes to startups. Together with BSSI Virtual Office, you will also be able to take advantage of what a professional virtual office address has to offer, helping you legitimize your startup and get ahead of the competition. We have over 13 years of experience in the VO industry and are committed to all of our clients’ business needs, regardless of size or industry. Contact us today to set up your virtual office in a well-received and highly-professional location!