What is Virtual Office ?
vOffice, in short for Virtual Office, gives you everything you need to efficiently run your business less the cost of maintaining a physical office. It gives you a prestigious business address, telephone & fax number, professional receptionist to answer your call, working space, full equipped meeting facilities, on-demand secretary and more.
vOffice (Virtual Office) is a leading provider of Virtual Office service and business services in Malaysia and has over 7 years of experience servicing clients from all business segment and countries. All in all vOffice has served over 17,000 clients and you can be assured that we are committed to deliver the best possible customer experience to our clients always!
vOffice is perfect for today’s fast-moving, mobile business people and vOffice clients save time and money and is able to operate an agile business that suits today business landscape.
At vOffice, we are committed towards your business success in the following manner:
- Eliminating the costly set up fee of a new office
- Ensuring that your business overheads are kept minimal
- Creating a competitive edge for your business to thrive on
- Affording your business to utilise the services of our team of professionals
- Empowering the growth of your business
vOffice is expanding faster than ever now. If you would like us to open up in a location that we’re yet to be, drop us an email!
vOffice has served over 18,000 clients since 2003 from our 25 offices around this region.
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When I started my first business, Reset, we had no money, no product, and no employees. It was just my brother-in-law and me. And we both had full time jobs. But we knew how to do one thing that nobody else knew how to do back then (1994-5). We knew how to make a website. We knew how to design a website. We knew how to do all the programming that makes a website have more than just graphics on it and actually has some use.
And then we heard that American Express needed a website. Specifically, Page on americanexpress.com. And the people American Express had hired knew nothing about the technology behind websites. So they hired us: for about $250,000.
Then we did TimeWarner.com. Then we did HBO.com, thenConEd.com. And many many other sites. Then we hired people. Then we did more sites. Record labels, movie studios, startups, and so on. We hired designers and programmers. Our revenues were growing at least 10-20% a month. We were profitable from day one. Services are always profitable because, god forbid, a client fires you, you can fire the employees. Your only fixed cost is your office rent.
So the way to do it is to start off with services instead of products.
Two points:
A) Every software company started as a services company. Read the history of Oracle, started by Larry Ellison. They were a “database” company. But for the first five years they were in business, in order to “install” their database you had to hire them to install it and they would send in 100s of consultants and “install” it for you. They had no database then. They were a consulting / service company pretending to be a product company because it was an easier sale and Wall Street would value them higher.
B) My big regret on that first business was not packaging my services into a product. We build a lot of software during our existence that were powerful products. But we just used those products to make our services easier to execute (and enhanced our profits). We sold the company as a multiple of earnings. Probably the only company in the 90s to do so.
But if we had lost money like everyone else, IPOed as a product company, and then flamed out in 2001, we probably would’ve made a lot more money.
That said, every month we were in business we grew profits, made our clients and employees happy, and had a fun time. Then we sold and everything turned to hell.
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