Let's Get Together And Talk About Why Co-Working Spaces Could Be Right For Your Company
Co-working spaces are currently spreading through the business world faster than wildfire. In fact, as of last year, there were as many as 7,695 of these professional hotspots in the US.
And, while the vast majority of users are standalone entrepreneurs, corporate teams now account for roughly 27.6% of the co-working market. That’s why we think it’s probably worth considering this option for your company.
Whether you’re a brand-new startup or a mid-level brand, co-working spaces have a whole lot to offer. Keep on reading to find out all about the benefits!
# 1 - Keeping Costs Low and Flexible
Commercial rent is high in the US right now, and that’s not set to change anytime soon. When you also consider additional costs, including the need for deposits, bills, and even furnishings, a small business like yours could easily blow its entire budget here. Chances are, you’ll probably also end up in some debt for the sake of securing your own office space.
Co-working spaces provide a great, cost-effective alternative because they come complete with low short-term overheads, full furnishings, and typically high-speed broadband that you don’t have to pay for. Co-coworking spaces are also ideal because they’re fully flexible. If your business is in a state of flux, or you’re soon set to grow, then monthly rates mean you can easily walk away or adjust your package as required.
# 2 - Integrating Ready-Built Networking
A quality co-working space won’t simply provide you with a fully stocked and functional office for your team. It will also typically integrate ready-built networks for you to dive into.
This is true across basic communal areas, which may include break rooms, gyms, and even on-site cafes or restaurants. A large number of coworking spaces are also currently integrating dedicated community and networking events, which allow you and your team to meet and connect with professionals that you would never come across if you were locked into a private space. That’s going to be great for morale and it’s also sure to boost your business.
# 3 - Simplifying Company Scalability
While it would be a lie to say that scaling your company will ever be easy, it will be a whole lot easier if you do it from a co-working space. After all, the financial break that this kind of office provides will help you to begin building the finances you need for big office moves and upgrades down the line.
The ease of co-working spaces can also work well for allowing you to build up your own office supplies and technologies over time, without the need for a large financial outlay. Simply seek a business space for rent during your co-working time, so that you can store everything you need to move into your own shiny office as soon as your business is big enough to do so.
Takeaway
Co-working might not be right for every brand, but if you're a small company looking to save money as you grow, you may well benefit from getting stuck in!
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