These days, subscriptions have become synonymous with video-streaming service platforms like Netflix and Amazon Prime. For obvious reasons, you don’t need those in your business offices. But subscription services stand to offer a lot more for entrepreneurs than just great evening viewing.
In reality, the subscription model promises a whole load of business benefits, including affordable monthly pricing, access to additional services, and the ability to cap subscription spending over time.
But, what subscriptions could your business benefit the most from?
# 1 – Your Subscription Tech Stack
Most commonly in business, subscriptions can be beneficial for building a tech stack of key pay-monthly apps or add-ons. Like Netflix and other services, these tend to be available on a cancel anytime basis, and with different brackets depending on your level of need, the size of your enterprise, and so on.
There are now countless business-based subscription add-ons and apps out there, and doing your research is undeniably best for finding the right ones. However, the most common tech stack subscriptions amongst entrepreneurs right now include –
- Boomerang
- DocuSign
- Quickbooks
- And more
# 2 – On the Books
As your business grows, financial advisors become key to your monthly operations, payroll, and general budget planning. In those early days of growth, increasingly popular subscriptions with financial advisors are a great option for accessing this service without overcommitting your budget in the long term. Instead, many financial advisors now offer their services for as little as $50 a month depending on the level of oversight you require.
Admittedly, high-level monthly fees can reach as high as $500 if you’re expecting this advisor to handle everything from client payments to payroll and more. As such, this isn’t always the most cost-effective option available. But, if your enterprise is small and you want to see what a financial advisor has to offer, it’s well worth signing up.
# 3 – The Virtual Office
As requirements for flexible working and at-home options grow, more entrepreneurs than ever are considering virtual office subscriptions. A subscription of this nature will provide you with the tools you and your team need to work seamlessly from anywhere, including a virtual business address, a receptionist service, a landline number, and access to co-working spaces and meeting rooms as required.
Basic virtual office packages, which tend to include the use of an address for marketing materials and client interactions, are surprisingly affordable. Full virtual office subscriptions are a little more expensive but are a drop in the ocean compared to what you’d pay for a commercial space when your business is still in its early stages.
# 4 – Cleaning Up
Businesses now have more of a responsibility towards sustainability than ever before, and responsible waste disposal plays a huge role in that. However, with waste disposal generally being a weekly task at best, it’s rarely cost-effective to hire someone solely for this purpose on an ongoing basis.
A monthly subscription with a waste broker can be a far more logical option. On a rolling monthly basis, that company will then organize the collection and responsible sorting/recycling of your waste, whether that’s from an individual office space or a large-scale commercial building.
Even better, waste broker subscriptions tend to be entirely customizable based on things like the scale of your waste, the frequency of collections required, and even additional needs, like a skip during office relocations or renovations. All of which you can manage via simple software to take the task of rubbish collection well and truly off your shoulders.
# 5 – All the Latest News
An entrepreneur should always set about harnessing knowledge of industry news, and old-school subscriptions are a great way to do this. Forget video streaming, take things back to basics with subscriptions to industry-relevant magazines and newspapers that keep you up to date with advancements, competition, and even future technologies.
Audiobook subscriptions can also be great for this purpose in the modern age, providing you with an industry-relevant audiobook to listen to on the go each month. This way, you can fill your business cup with the knowledge you need, without necessarily having to take time out of a busy schedule when you could do without it. All for one fixed fee.
Takeaway
The subscription model might be something we’ve all applied to our personal lives and viewing, but it’s also increasingly relevant in the modern workplace. Join the trend by signing up for these key business subscription services for entrepreneurs looking to grow from strength to strength.