I subscribe to the EnterQuest Bulletin, which is a weekly newsletter about small business issues, and usually includes great articles about sales, staff, commercial behaviour and so on.

I read this morning's headline article as I sat in a (very) quiet Hive, and thought how interesting it was that the Hive provides just such a workspace to NTU SPEED students free of charge and very few of you actually use it. How bizarre! I reproduce the article below, but if you want to read it in it's original location, click here (actually, I'm hoping they'll have it posted by the time you click it!)

The benefits of serviced workspace

Finding suitable and affordable workspace has always been a major hurdle for people deciding to start their own business. In fact, many individuals who initially go down the freelance route often continue to use their home well into their third or fourth year because of the obstacles in taking on permanent premises.

Business owners are faced with a dilemma because location and the working environment can be the difference between success and failure. Yet property management is not something you'll want to worry about, let alone a long-term lease.

Serviced offices enable businesses to have accommodation that suits their needs without the hassle of leasing and managing a place of their own.

One of the main reasons why many businesses choose to take space in a serviced office is the flexibility it gives them. Conventional leases, which typically last for 10 years or more, tie businesses in to their offices. This means that if during the life of a lease, a business's space requirements change, they are unable to adjust without incurring significant costs, administrative issues or delays.

In a serviced office, tenants are able to expand and contract as they wish, usually at very short notice. This can be beneficial to a business when times are good and you need more space quickly, or equally when times are bad and you need to contract.

As well as flexibility, serviced offices allow businesses to enjoy an all-inclusive service. For a fixed price, tenants can expect to receive everything they will need to run their business, from desks, chairs and telephones to staffed reception desks, cleaning services and refreshment facilities.

The costs involved will vary depending on location, how many desks are taken and the length of stay, but serviced offices should not be thought of as an expensive option once all the associated costs involved in leasing or buying an office are taken into account.

Small businesses can benefit greatly from serviced offices, with the ability to set up quickly (within days) and enjoy facilities they would otherwise not be able to afford.

While serviced offices will never be a solution for every business, the flexibility and convenience of serviced offices can offer a great stepping stone on the road to expansion.

So how about it people, are you gonna take advantage of the facilities offered to you?