The impact of late payments ΓÇô Serviced Office Space offers the answer?
Research by commercial credit agency, Graydon UK , has revealed that almost two thirds of SMEΓÇÖs supplying government departments are forced to wait over 30 days for invoices to be settled, despite pledges by business secretary Lord Mandelson to pay them within 10 days.
Lord MandelsonΓÇÖs pledge, aimed at easing the cash-flow burden of late payments, has done little to alter the reality for SMEΓÇÖs providing government departments.
The impact of delays such as these will do little to promote growth amongst SMEΓÇÖs due to the stifling effect of restricted funds. But budgeting and preparing for such delays remains an important consideration for SMEΓÇÖs.
One solution to such problems that appears to be growing in popularity is the use of serviced office space. By removing the financial burden of lengthy property leases, along with the running costs associated with them, businesses are able to reduce their overheads and tailor their workspace in a more efficient way. By entering serviced office space more and more SMEΓÇÖs have found themselves with a healthier cash-flow and greater flexibility in their activities.
Of course serviced office space is not the answer for all SMEΓÇÖs, but it is certainly worth exploring to see if it can offer savings to your business. For those wishing to explore this option, officebroker.com would certainly be a great place to start. Working with over 95% of serviced office providers worldwide, officebroker.com helps to guide business owners through the process of securing serviced office space, whether it is for relocation or a start-up. Visit www.officebroker.com to learn more.