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J U L2020

THE V-EDITION

REBUILDING AND LOOKING AHEAD

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As we enter a new financial year, we focus our attention on rebuilding our businesses back up. The significant effects of COVID-19 have transformed the economic landscape, and for many businesses it feels like the end of the financial year has crept up, adding more stress to an already difficult situation.

At the moment, some businesses may be experiencing a slow period with temporary closures or quieter business hours. This could be a valuable opportunity to catch up on admin work to help ensure your EOFY paperwork is good to go. Equally, looking ahead, getting on top of your business strategy and planning is imperative to place yourself in a better position come this time around next year.

The team at Victory Offices are here to support you and your goals whether that is to optimise processes, generate revenue, consolidate your business, or widen your network. Whatever your need is, please let us know so we can assist you in the best way we know how.

We look forward to working alongside you and getting through this lodgement season and beyond. It is exciting to already see some of our members back on their feet and running their businesses like champions, even throughout these unexpected challenges and financial adversity.

Book a meeting room to plan your next steps.Get a Virtual Assistant to help with administrative tasks and to ease the load.

EOFY

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New Location Update85 Castlereagh Street is coming soon and is in high demand with 50% of the space already booked out. Located in Sydney’s midtown precinct, the building is amongst numerous core business services and world-class dining and entertainment. Our office on Level 29 features business-ready meeting rooms, a large boardroom, a tranquil zen room, and so much more. It is ideal for the modern professional looking for a workspace in a prime CBD location.

Enquire today to future-proof your business at Victory Offices 85 Castlereagh.

Why Businesses Are Looking Towards Flexible Workspaces To Mitigate Risk

Flexible workspaces, such as coworking and serviced offices, are often recognised as the perfect solution for startups and small businesses looking to take that next step in their business.

But following the impact of COVID-19, it’s not only startups that are considering shared workspaces. Established businesses are putting flexible workspace solutions at the top of their risk mitigation strategies. So will you follow suit?

We’ve seen a growing demand for flexible workspaces with a 30 per cent rise in the number of customers worldwide over the past couple of months.

Private serviced offices, coworking spaces and shared spaces, virtual offices, as well as hot desks, have become an appealing and viable option for a larger section of the economy.

“The pandemic has shown a lot of businesses that they don’t need to lock themselves into a commercial lease”, says Misha Baxter, Global General Manager at Victory Offices.

In a 2019 survey of 19,000 business professionals across 96 countries, 73% of respondents said flexible working helped them to mitigate risk. This number is expected to grow significantly as businesses around the world further recognise the

importance of the ability to pivot business operations as crises occur.

With many industry-leaders focusing their efforts on business continuity, fortification, and revenue generation, many are asking themselves, how can my workspace adapt to the new ‘normal’ and how can it help manage new risks?

Following suit of these durable organisations can prove significantly beneficial for your business by considering the multiple avenues available to help ensure success, especially during these unpredictable and challenging times.

If you are transitioning back to ‘normal’ business, or even just thinking about getting back to work, here are 5 reasons to keep in mind on why flexible workspaces are being considered across the globe as the best solution to mitigate business risks:

1. Reduce Financial Risk

Coworking spaces and serviced offices allow you more room-to-breathe financially as you can tailor packages to meet your exact needs and requirements, paying only for what you need and therefore minimising unnecessary expenses.

With monthly invoicing covering all office, reception, furniture, cleaning, telecom, etc. expenses, the forecasting of your month-

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to-month cashflow and capex are significantly easier to not only manage, but optimise. This is incredibly advantageous as the hardest cost to minimise for SME’s are inherently the overhead costs required in traditional long-term leases.

2. Minimise Security Risks

It’s critical that businesses secure both their company data and that of their clients. A 2019 Australian Government report revealed one cybercrime is reported every ten minutes. As more professionals work from home, the risk of cyber security breaches is set to increase. Victory Offices’ flexible workspaces have an entire network of security measures put in place to prevent cyber attacks on your intellectual property.

3. Scalability

Coworking and serviced offices provide the freedom and flexibility to scale up and down at short notice. As businesses expand or reduce their workforce, flexible workspaces allow them to adjust accordingly with ease.

Companies can have a full desk and IT setup essentially straight away, enabling them to get down to business immediately, as it’s simply ‘plug-in and play’.

Whereas standard commercial leases are cumbersome, unadorned, lengthy, and can demand huge notice periods, making scaling to meet your business’ needs difficult, be it temporarily or permanently.

4. Focus on Core Business Operations

Business owners and employees who utilise the advantageous services of flexible workspaces can ensure the seamless running of their business knowing that their administrative tasks are taken care of. Forget IT setup, daily cleaning, and reception duties, it’s all taken care of when you’re with a serviced office provider, so you have more time to focus on what really matters, your business.

5. Employee Acquisition and Retention

In this extremely connected, fast-paced, and competitive working world, employee expectations and needs are everchanging. 84% of Australian workers would choose a job which offered flexible working over a job that didn’t. This includes working from home, working from a nearby location, working on the move, or just some breathing space to balance work-life commitments. If businesses want to succeed, they need to meet the ever-adjusting needs and expectations of employees and adopt flexible workspace strategies to help ensure they don’t risk losing out on top talent.

Generation Z will soon entail the majority of the workforce so it’s important to adapt your workplace and its benefits to this ‘digital generation’. By 2030, it is estimated that 30% of corporate real estate will be flexible.

Get ahead of the game and consider a flexible workspace to obtain that winning edge over your competitors whilst also alleviating office expenses and operational restrictions.

It is crucial now and beyond, to seamlessly adapt processes and operations in order to negate business risks where possible. Thankfully, Victory Offices has remained open during the recent turbulent times, enabling members to continue working in a creative, risk-minimising, and safe space.

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Victory News

Victory Offices and the National Breast Cancer Foundation Fundraiser

During June, Victory Offices partnered with the National Breast Cancer Foundation (NBCF) yet again to raise some much-needed funds to change the outcomes for the women and men whose lives have been – and will be - impacted by breast cancer in 2020 and beyond.

We hosted a virtual luncheon with some remarkable guest speakers:

• Dr Michelle Peate, NBCF researcher• Melina Dichiera, NBCF community

ambassador and cancer survivor

This year’s theme was to #GOPINK and to ‘Wear It, Shave It, or Colour It’. The Victory team wholeheartedly got involved in the lunchtime event, wore pink, brought along their packed lunch, listened to the extraordinary speakers, and donated what they could.

It was an emotionally charged and inspiring presentation and we thank Michelle and Melina for joining us.

It was amazing to see our members get involved in the online luncheon and to support the fundraising efforts as well. We are pleased to have surpassed our donation goal and we are proud of the whole Victory community for coming together to help.

Thank you to everyone that supported this initiative, NBCF is one step closer to achieving their goal of zero deaths due to breast cancer by 2030.

As proud Corporate Partners of NBCF for over 5 years and raising over $100,000, we are passionate about changing the outcome of men and women whose lives have been impacted by breast cancer.

You can still donate to the National Breast Cancer Foundation.

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Offers and Promotions

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Not a member yet of Victory Offices? If you are interested in joining our community or know someone that would like to, then sign up to the below introductory packages and start the new financial year strong!

“ W H E N T H E S T O R M

H A S P A S S E D , P U T

Y O U R E N E R G Y I N T O

R E B U I L D I N G Y O U R

L I F E , D O N ’ T W A S T E

T I M E L O O K I N G

B A C K . ”

- L E O N B R O W N

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