Virtual Space
COVID has encouraged me to ask a critical question: “If we’re all working from home why retain unused office space paying $$$ for rent that might be better used elsewhere?” On the face of it, this seems like a simple decision.
In reality, it was a difficult decision for us. A thorough, honest evaluation was our first step. Most of our clients and prospects are outside of Charlotte - regional, national and even international. Our local clients don’t really expect face-to-face meetings in our office and if the need arises, we usually meet in their offices. How might we better deploy the money spent on rent to the greater benefit of the business? And finally, does not having a bricks and mortar office make us less legit?
Result: Effective November 14th, we opted not to renew our real estate lease in Uptown Charlotte. When a vaccine is available and comprehensively used, we will revisit our real estate strategy. But for now, we’re happy with our decision. Ultimately, no one hires an investment banking firm because of their offices; they hire us for our performance and results.