VIRTUAL OFFICE SPACE BUSINESS PLAN SAMPLE
A virtual office rental business leases out office facilities and services such as office space, physical office address, communication services, etc. to entrepreneurs who work from home.
If you intend to start a virtual office rental business, one of the first things you will need to do is to write a business plan. I know writing a business plan can be daunting, this is why I come up with this post.
This post is a virtual office rental business plan sample that you can use as a guide to easily create your own.
BUSINESS NAME: Gerald Virtual Office Rental Inc.
Here is a sample business plan for starting a virtual office space rental business.
- Executive Summary
- Vision Statement
- Mission Statement
- Business Structure
- Products and Services
- Target Market
- Sales and Marketing Strategy
- Cost of Starting
- Sources of Capital
Gerald Virtual Office Rental business is registered incorporation that will be established in Maryland in the United States. The advent of online businesses has made it possible for entrepreneurs to operate a virtual business that affords them to work from anywhere in the world. The implication of this is that business owners no longer need a physical office space to operate their businesses.
While this is a good development, the hitch is that a lot of people only regard a business as professional and take it seriously if it has a physical office address in a high profile business district, a dedicated business phone number, corporate mailing address, and the likes. However, many online and virtual businesses do not have these. This is where the virtue office rental business comes to the rescue.
By subscribing to a virtual office service, a business owner has access to a physical office address, an official phone number, a corporate mailing address, communication services, etc. without necessarily having a physical business location.
With these awesome solutions that the virtual office offer, there has been a high demand for virtual offices by business owners. As a savvy entrepreneur who is always looking for opportunities, we have decided to tap into this opportunity by starting Gerald Virtual Office Rental business.
Gerald Virtual Office Rental business aims to help startups and business owners start and operate their business excellently and professionally with low overhead costs by providing them with world-class virtual offices.
Apart from making our virtual office world-class, we also plan to hire a highly competent and committed team of employees who will give our clients the quality services they require.
We will also make sure our customer service is excellent that will make our clients so satisfied that they always come back for more and even refer us to others.
Gerald Virtual Office Rental business will be a family business operated by two couples, Mr. Kim Gerald and Mrs. Kelly Gerald. Mr. Kim is a real estate consultant with 20 years of experience. Mrs. Kelly is an IT specialist who offers technology solutions to small business owners.
The couple aims to combine their experience and expertise to build a reputable virtual office business that will be highly sought after in Maryland and all through the United States
To become a global business that has virtual offices all through Maryland, the United States, and the continent of North America within the next 20 years.
To establish world-class virtual offices that are appealing to our ideal clients and also provide excellent customer services and work ethics.
We know that having a good business structure is essential to the success of our business. This is why we will make sure to hire employees who are not just competent to deliver but are also passionate and committed to the business. Our business structure will consist of:
- Chief Executive Officer
- Human Resource Manager
- Marketing and Sales Executives
- Virtual Support Staff
- Client Service Executive
- Security Guards
Products and Services
To give our clients the utmost satisfaction, we intend to create varieties of services that will meet the needs of our clients. Some of our services will include:
- Coworking space
- Business meeting space
- Corporate mailing address
- Business fax number
- Professional live receptionists
- Dedicated phone number
- Phone answering services
- Virtual assistants
We know that we cannot successfully sell to everyone in the market. This is why we are focusing on selling to a specific set of people who we see as our ideal clients. They comprise of:
- Startups who cannot afford to rent an office space
- Home-based business owners
- Companies that are expanding to new locations
- Network marketing professionals
- Online entrepreneurs who run their business virtually
- Nomadic entrepreneurs who operate their business from anywhere in the world
Sales and Marketing Strategy
The backbone of any successful business is marketing. In ensuring the success of our virtual office rental business, we are going to hire sales and marketing executives who know their onions to help us map out effective sales and marketing strategies that will yield evident results.
Cost of Starting
The total cost that will be required to start up our virtual office rental business is $450,000. This will cover the cost of registering the business, renting office space, purchasing the facilities and equipment, hiring business analysts and marketing strategists, recruiting staff, and payment of our staff salaries for the first three months.
Sources of Capital
Mr. and Mrs. Gerald have been able to raise $250,000 from their personal assets. They plan to get a $100,000 loan from their friends and family member. And get the remaining $100,000 through a bank loan that they are already working on.
As you can see, the post is a simple virtual office business plan sample. It provides the basic but necessary details required in a business plan. You can use it as a template to create your own business plan.
However, if you want a more detailed business plan for your virtual office rental business you can hire a professional business plan writer to help you write one.