DEFINITIONS

 

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An executive suite provides a professional environment structured for total business and support services. These centers provide a reception lobby, individual offices, conference rooms, break out areas, and trained staff to serve as administrative assistants to the entrepreneur, the national or international reps, and companies in transition. Arrangements are flexible from short-term to long-term.
According to Kyle Pinto, "Coworking spaces are essentially shared workspaces. They offer affordable office space for those looking to escape the isolation of a home office or coffee shop. These shared workspaces offer a suite of office-like amenities such as hot-desks, private meeting rooms, kitchens, coffee and more. Often, they also offer a community. Occupants typically are freelancers, entrepreneurs, start-ups and small teams who want to take advantage of a flexible space." These spaces are highly sought after and have been so successful that major corporations have integrated them into their conventional spaces. Luis Estrada adds that "The benefits ... is that they afford start-ups with an opportunity to stay lean, an inexpensive avenue for community and collaboration, as well as a lively and dynamic atmosphere that inspires productivity."
Luis Estrada defines the Shared Workspace as catering to the ". . . more established businesses. They often provide more traditional amenities to meet the needs of their clientele … such as fax machines, copiers, audio-visual equipment, as well as professional looking office furniture."
BevMax suggests that "A serviced office is office space that’s leased out by a facilities management company. You might also hear serviced office space referred to as managed offices, executive offices, or business centers. They’re typically home to corporate organizations, as well as more established small businesses. A company may rent a private office, executive office suite, an entire floor, or several floors in a building depending on their size. In contrast to traditional office leases, a serviced office is usually a fully-furnished office suite that is set up and ready to go when you move in."
The Virtual Office has several components and most packages offered give options to choose from, including professional reception services, meeting space, private office space on a first com, first serve basis, mailing services, professional address. The pricing for these services is generally based on the location. Most of the businesses that offer executive suite and office business center services also offer a Virtual Office program. One of the major advantages to their programs is that they are fully staffed and equipped to provide flexibilty and are able to adapt to a your office space requirements and business needs.

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