Executive Suites Office Defined

Pikes Peak Room

The concept of the Executive Suite started in the late 1980s and early 1990s at the transition from a recessionary period to one of the largest economic booms in U.S. history. Small businesses were springing up left and right, and while they were experiencing tremendous growth, there were still many reasons to cut overhead costs and increase productivity. An executive suite is a new-age concept in which several businesses lease individual office spaces, yet share common amenities such as conference rooms, receptionists, copy machines and kitchen areas. The business benefits by having a professional image at a much lower price than purchasing and maintaining an entire building/office suite. An Executive Suite addresses the three major areas of overhead expense.

The first is indirect materials such as office space, copy machines, office furniture and other supplies. The Executive Suite supplies all of these materials for the business owner, eliminating the cost and hassle associated with purchasing and maintaining them.

Second, indirect labor is quite expensive, causing many business owners to waste precious time on trivial tasks like screening phone calls and making copies instead of focusing efforts on growing the company. Employees such as a receptionist, administrative assistant, and maintenance staff are essential for any growing business, but are often the first areas where cuts are made. An Executive Suite eliminates the need to make such sacrifices because the additional services and amenities associated with a support staff are built-in to a monthly package price.

Finally, other miscellaneous production expenses, such as property taxes, insurance, depreciation, utilities, and repairs can add up quickly and are oftentimes unpredictable – not so with an Executive Suite. With a flat-rate, all-inclusive monthly price, projecting revenues and expenditures becomes a more streamlined process.

These costs of maintaining and staffing a small business can be one of the largest hurdles to overcome. IN HARSH ECONOMIC TIMES, THEY CAN MAKE OR BREAK A BUSINESS! With so many entrepreneurs striving to succeed in the business world, the Executive Suite provides the opportunity for multiple business owners to, in a sense, pool together their resources and share these overhead expenses, freeing up their time and capital to be invested in more productive endeavors. Whether you’re a start-up business looking to create a more professional presence, or a larger company needing to cut costs, the Executive Suite is going to give you the most for your money.