26 September, 2018
7 Reasons Why Coworking Space is Better Than a Traditional Office
These days, working a normal office for normal hours has become almost atypical. People need flexibility, which only a coworking space can provide. Click here to get 7 more reasons why you should ditch your traditional office.
If you’re an entrepreneur, there’s a good chance you work from home or the nearby coffee shop like so many others building their own business. But as much as this shift toward working remotely has grown, it’s not always as appealing as it sounds.
Distractions at home make it hard for small business owners to focus on the work that no one else will do. A lack of social interaction with other professionals can make for a lonely existence. And what do you do if you want to expand? Set up some desks in the garage?
For brand new businesses that have barely made it off the ground, signing a lease for a traditional office space is out of the question, especially when future growth is unpredictable.
For these reasons and many others, coworking spaces have become the go-to solution for start-ups and entrepreneurs. These professionals find they sometimes require a physical location to meet with clients or provide a working space for employees to work.
If you’re on the fence about whether you should go with a traditional office or a coworking space, here are 7 reasons why coworking offices are the better choice:
Unite With Others For New Professional Connections
Coworking spaces allow you to rub shoulders with all kinds of professionals. Some might have a very different set of skills than you or experience and wisdom they’re happy to share. Making these connections can help your business as you grow a network for future business interactions.
If you’re able to secure a shared office space with others in a similar industry, you’ll be in an even better place to share ideas and helpful experience with those around you.
Many employees find themselves more motivated to be surrounded by other like-minded people who are striving toward career goals and working hard. It’s easier to get distracted and lose sight of the bigger picture when you work alone day after day with no office to check into from time to time.
Reduce Your Expenses
Owning or renting your own office space requires a huge investment of resources and money. Some of the costs involved with a traditional office space include furniture and decorations, internet bills, janitor costs, electricity, and insurance. You’ll also likely have to hire a network manager to manage all of your internal networks, and an office manager to run the day-to-day duties.
With a coworking space, expenses such as renovations, utilities, high-speed internet, and furniture are typically included in your rent. And without the added costs such as facility management, repairs, and renovations to the building, you can put your money where it really counts.
Access To Important Office Supplies
Coworking spaces come pre-equipped. Printers, coffee machines, kitchen supplies, and unlimited use of conference rooms that are furnished and set up for presentations.
If you go the traditional office route, expect to take care of all these needs on your own dime. For small business owners and start-up companies, those first months and years can be financially challenging.
Every dollar saved counts, which is why so many growing new companies go the coworking space route.
Coworking Spaces Encourage Social Interactions
If you’re an entrepreneur, the early years of growing your business can get lonely. Working by yourself can be isolating and negatively affect your emotional and mental well being. Interactions with others are an important part of daily life, no matter who you are.
And with coworking office setups, you aren’t likely to experience the same kind of office politics that you might in a traditional office. Working among others who have their own projects and business to tend to makes it easier to focus on your own work as well.
Enjoy More Flexibility
With a traditional office space, you can expect to sign a fixed-term lease and commit to the area for the foreseeable future. And as the trend of working remotely continues to grow, you might find yourself hiring many employees who work from various locations. By choosing a coworking space, you can provide a place to work for all of your employees. Your remote workers can come into “the office” when necessary and as a business owner, you aren’t tied down to a permanent company location.
Focus On The Work Instead Of Setting Up An Office
So much time and energy go into establishing a new office. When you lease a coworking space, you don’t get an empty box. Coworking offices come ready to go with internet and utilities already set up. All you and your employees have to do is bring your own computers and you’re ready to work.
Many shared offices also have a secretary already on hand to answer phone calls and emails for the business owners occupying the space. This is one less hassle you have to worry about.
Requires Little Investment
The majority of shared office spaces offer month-to-month memberships for their use. Traditional office leases will likely lock you into a contract for years to come. Traditional office leases require a sizeable down payment to get the ball rolling.
But shared spaces often ask for little more than the first month’s rent to use the space.
Another benefit to coworking space is the ability to re-evaluate your office space needs as you go along. If your business grows by leaps and bounds, you can add more space to your rental agreement. If things don’t go quite as planned, you can remove unneeded space until things pick up again.
Learn More About Alternative Office Spaces
If you’re interested in learning more about coworking space and how it can benefit your startup or small business, check out our website for lots of helpful resources.
We offer virtual offices, virtual answering services, coworking office spaces, conference room rentals, and more. While you’re at it, browse our other articles about the latest trends in the business world.
Feel free to contact us with any questions you have. We’re happy to help you find the perfect solution for your unique needs.