Business expands as economy shrinks
(Source: Financial Post)
‘This is the perfect time for us,” says Brian Monteith, master franchisee for Intelligent Office in Canada. “Where some see uncertainty, we see opportunity.” He’s not kidding. Since opening its first location in Canada in the spring of 2005, Intelligent Office, a virtual office for companies looking to save on the cost of leasing office space and hiring administrative staff, has opened another seven locations across Ontario with plans to move into Montreal and Vancouver this year. It is on track to meet its target goal of 40 offices by 2015.
While the economic downturn is taking a toll on companies worldwide, it has proven to be an opportunity for Intelligent Office. “We measure our lead sourcing every month, and leads have doubled since September, 2008, just as the economy started faltering,” Mr. Monteith says, adding February was a record month for leads at all locations.
“Small business owners are looking for cost-effective solutions to renting office space, which can easily run between $6,000 and $8,000 a month, and that’s where we come in. We offer a prestigious business address, mail service and 24/7 access to the space on a pay-per-use basis. It’s a variable cost as opposed to a fixed cost of thousands a month on a lease.”
Read Mary Teresa Bitti’s full article “Office space by the hour” in Canada.com (May 25, 2009).