Working from home has become the default solution for business owners who don't have the capital to spend on setting up a physical office, and would rather spend the money growing their business. Unfortunately, there are times when a business owner needs physical facilities such as work desks, meeting or conference rooms. Virtual office solutions allow him to avail of these facilities on a "per-use" basis without having to pay for maintaining them even when they are not in use.
While there are many business owners who simply opt to meet clients in public spaces such as coffee shops and upscale restaurants, these are not the ideal solution for a contract signing. You will look unprofessional if you hold something as important as this in a coffee shop. The client might even be offended if you do so. In addition, you may need to spread out a lot of documents, which you cannot do so on a typical coffee shop table since they are usually round and don't have a lot of room.
On the other hand, if you rent a professionally set up meeting room, you can hold your contract signing in a comfortable setting. There is enough space for you to do what you need to do and you also have access to any amenities that you need.
In addition, you cannot hold business meetings in coffee shops and restaurants all the time. At some point, your client will want to see where you do business. If you admit to him that you don't have an actual office, he may not take you seriously and not want to do business with you. In addition, always meeting in public places makes you look suspicious, as if you were a fly-by-night operator, rather than a legitimate businessman.
Per-use meeting rooms are also ideal for holding staff meetings. If you run a virtual business where your staff are all working for home, there are still times when you have to get together to hold a staff meeting, share progress reports or hold a company assessment. In this case, it would still not be appropriate to hold your meeting at a coffee shop or fast food outlet. Apart from the fact that these places are not really conductive for business, the people running them actively discourage customers from holding business meetings there, since they will tie up tables for hours at a time.
Meeting rooms and other business facilities for rent are available as part most Virtual office centers. Apart from giving you a business address in a premiere business and commercial district such as Makati, virtual office service providers give you the tools to properly grow and run your business to new levels of success at a fraction of the cost of a traditional office.