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Congratulations! You’ve decided to take the plunge and start your own business! But after the initial high of being your own boss, it’s easy to get bogged down by the cost of doing business. It definitely can be expensive, and various overheads and services can stretch your funds to the limit. Fortunately, there are service providers out there that can help you keep your costs down, maximize productivity, and even look good at the same time.
Here are three costs that can be minimized with their help!
Cost #1: Find a Cost-Effective Rental Solution
The cost of renting a space is often one of the most expensive costs for startups. If you need a no-frills space to hunker down and work, and don’t want to pay for extras you won’t use, check out local service Work+Store Space. The service offers 24-hour accessible units from as low as $240 a month, complete with standard fittings, in various convenient locations.
Cost #2: Warehousing Costs
Many new e-commerce businesses start off by keeping their goods at home. If your inventory is encroaching on your family’s space, it’s definitely time to find a warehousing solution. Work+Store Space also provides affordable warehousing for your inventory. Card-accessed, secure and camera-monitored facilities mean you won’t have to worry about the safety of your stock.
Cost #3: Utility Costs
As a first time business owner, getting your first utility bill can be quite shocking. Commercial rates are higher than what you might pay for your home’s bills. These overheads can really start taking their toll on your bottom line, but its hard working in Singapore’s heat without air-conditioning. Fortunately, with Work+Store’s all-inclusive solution, you just need to pay a single fee for your work space, without having to fret about the high costs of utilities.
Work+Store Space is conveniently located at 5 sites, namely:
- 38 Ang Mo Kio Industrial Park 2
- 18 New Industrial Road
- 680 Upper Thomson Road
- 100 Eunos Avenue 7
- 18 Tampines Industrial Crescent
Curious? Call 66310033 or e-mail shali@workstore.com.sg for more info!
Work+Store is a service provided by LHN Group, a Singaporean company providing various real estate management services to businesses since 2005.
This article has been edited to suit Work+Store’s product offerings in 2017. The original article was written by Nikki De Guzman – view it on PropertyGuru here.