It is fair to say that, right now, Dallas is a real up-and-coming location for businesses. It is currently growing at a rapid rate, with lavish hotels and corporate complexes becoming a familiar sight.
According to a study carried out by MarketWatch, it is one of the friendliest cities in America for startups and small companies.
Prestigious corporate addresses like the JP Morgan International Plaza and Rosewood Court are being sought by ambitious entrepreneurs, with a keen eye on the Texas market.
If you know how to use this trend to your advantage, you can actually boost the value of your business and attract lucrative investments. All you’ve got to do is pick the right location.
This guide to harnessing the power of location prejudice will help you build up a strong market presence in Dallas and the surrounding areas.
Getting to Grips with Location Prejudice
Within western economies, status is everything.
While it is more than possible for a lone entrepreneur to run a small business as efficiently as a two-person team in an office, the two-man team is always going to win the investors.
This is because image matters. The brand is important. If you want sponsors, clients, customers, and partners to take you seriously, you need to have a dedicated corporate address.
The problem is that this can be expensive.
When you’re just starting out and profit margins are tight, it is tricky to know how much to spend and how much to risk on a fancy location.
Will splashing out on an eminent address pay off in the future or just leave you with crippling monthly fees and no room for change? Fortunately, there is a way to have both the prestigious location and a low-risk start.
Servcorp is just one example of a serviced office provider that can help small businesses grow and develop.
Serviced offices are a real asset because they allow companies that would otherwise struggle to afford such high-quality resources the chance to benefit from impressive addresses.
Even if they don’t have a high flying team of executives or a big budget, they can operate in the same areas as much larger competitors.
Getting Comfortable and Settling In
As Dallas is such a promising city, with a lot of miles left yet in its corporate sectors, becoming established as a reliable, professional market presence is a good idea.
That way, when the boom intensifies and investors start clamouring for new opportunities, you’re ready to take the next step and expand. Your overheads are small, because all of you corporate assets are flexible, and you can make changes at any time.
Taking on more clients, incorporating additional suppliers, and even moving out into other areas of Texas doesn’t have to be costly. You can simply increase your use of boardroom spaces, renegotiate your receptionist system, and transition to a bigger workspace.
If you wanted to do this with a conventional office lease, you’d have to wait until your current agreement is up or pay a hefty penalty fee to terminate. Then, you’d have to restructure all of your assets on an individual basis.
Why Serviced and Virtual Office Solutions Are the Future
Virtual and serviced office facilities are able to open up so many opportunities for startups and smaller companies.
However, they’re also starting to become more popular now with bigger businesses. They provide an easy and straightforward way to expand into a new market, without incurring significant downtimes or allocating lots of manpower to the move.
If you are interested in conquering the Texas market, Dallas is a great choice, as it is friendly and welcoming to SMEs and investors.