{"id":952,"date":"2022-09-14T08:15:17","date_gmt":"2022-09-14T07:15:17","guid":{"rendered":"https:\/\/www.lowcostletterbox.com\/blog\/?p=952"},"modified":"2023-11-29T15:28:16","modified_gmt":"2023-11-29T15:28:16","slug":"how-small-businesses-can-weather-the-inflation-storm","status":"publish","type":"post","link":"https:\/\/www.lowcostletterbox.com\/blog\/how-small-businesses-can-weather-the-inflation-storm\/","title":{"rendered":"How Small Businesses Can Weather The Inflation Storm\u00a0"},"content":{"rendered":"\n

The rocketing costs of inflation in the UK are an increasing threat to small businesses. Almost a fifth of UK business owners<\/a> says inflation and the rise in living costs will have a worse impact on their business than the COVID-19 lockdowns. <\/p>\n\n\n\n


In times of crisis, small business owners have to find practical solutions. Downsizing the payroll is the typical go-to strategy. However, these days, small businesses do not have to downsize their workforce to save money, you can downsize your workplace. <\/p><\/p>\n\n\n\n


Virtual offices and co-working spaces provide small businesses with cost-effective and viable solutions to significantly cut down on costs. Either option enables you to work from home or pivot to a hybrid work model. <\/p><\/p>\n\n\n\n

Downsize Without Losing Customers <\/h2>\n\n\n\n

Small businesses that can adopt a permanent remote working model eliminate the cost of leasing office space. However, the risk here is that the lack of a physical office can have a negative effect on your ability to acquire new customers and grow. <\/p>\n\n\n\n


Credibility plays a central role in developing a brand image that consumers trust. There is a question of trust when it comes to faceless businesses – and with so many bad actors kicking around, it\u2019s hardly surprising there is an element of consumer distrust when purchasing goods and services from brands that do not have a physical presence. <\/p><\/p>\n\n\n\n


A physical address can have a positive impact on a consumer\u2019s purchasing decision – especially virtual office addresses in prestigious locations in central London<\/a>. Let\u2019s say, for example, you don\u2019t display an address on your website. How does this look to consumers? Can they trust you as a brand?<\/p><\/p>\n\n\n\n


Bear in mind that Google ranks businesses with a physical address you can pin into Google maps. However, if your address is a residential home, street view and Google Earth reveal this to customers. Will they trust that you are a real brand? <\/p><\/p>\n\n\n\n


A virtual office in London resolves all these issues. Any business can legally register its office with a virtual office provider and display it on its website and other marketing materials. This gives you all the advantages of a physical office without the expense. <\/p><\/p>\n\n\n\n

Hot Desks, Private Offices and Meeting Rooms<\/h2>\n\n\n\n

Some virtual office providers also provide office space you can rent when you need it. Serviced offices give you access to everything you would expect from a fully-functioning office without the expense involved in furnishing, running and maintaining an office. <\/p>\n\n\n\n


This gives you and your employees the opportunity to meet in an office environment and take advantage of the amenities. Serviced offices are typically equipped with photocopiers, projectors, scanners, TV\/audio equipment and a telephone answering service<\/a>. <\/p><\/p>\n\n\n\n


The business model we have at Low-Cost Letter Box is designed to help start-ups and small businesses keep costs to a minimum. If you need to downsize but keep up the appearance you had when you leased office space, our virtual office address in central London<\/a> is a practical solution. 

In addition, we don\u2019t tie you into monthly or long-term contracts like most virtual space providers. We offer a flexible and cost-effective pay-as-you-go solution which gives you more control over your spending.<\/p><\/p>\n","protected":false},"excerpt":{"rendered":"

The rocketing costs of inflation in the UK are an increasing threat to small businesses. Almost a fifth of UK business owners says inflation and the rise in living costs will have a worse impact on their business than the COVID-19 lockdowns. ...","protected":false},"author":1,"featured_media":970,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.lowcostletterbox.com\/blog\/wp-json\/wp\/v2\/posts\/952"}],"collection":[{"href":"https:\/\/www.lowcostletterbox.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lowcostletterbox.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lowcostletterbox.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lowcostletterbox.com\/blog\/wp-json\/wp\/v2\/comments?post=952"}],"version-history":[{"count":1,"href":"https:\/\/www.lowcostletterbox.com\/blog\/wp-json\/wp\/v2\/posts\/952\/revisions"}],"predecessor-version":[{"id":984,"href":"https:\/\/www.lowcostletterbox.com\/blog\/wp-json\/wp\/v2\/posts\/952\/revisions\/984"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.lowcostletterbox.com\/blog\/wp-json\/wp\/v2\/media\/970"}],"wp:attachment":[{"href":"https:\/\/www.lowcostletterbox.com\/blog\/wp-json\/wp\/v2\/media?parent=952"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lowcostletterbox.com\/blog\/wp-json\/wp\/v2\/categories?post=952"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lowcostletterbox.com\/blog\/wp-json\/wp\/v2\/tags?post=952"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}