7 Ways a Small Business Benefits From a Coworking Space
In many ways, coworking spaces are made for small businesses. Especially in the beginning stages, flexibility and affordable amenities are vital to a company’s productivity. Originally, coworking spaces were for freelancers and remote workers to avoid isolation while they worked. Now coworking spaces are utilized by numerous businesses, and many coworking spaces are worth billions due to them offering unique and distinguished offices. These spaces provide private offices and create benefits of your own space without having to sign a long-term contract. Below are some reasons why a business can benefit from a coworking space.
1. Instant Scalability
When small businesses owners are looking for office space, it’s very scarce for them to find something they love, short-term, and is affordable. A lot of commercial leases tend to have contracts in the three-to-five year range, and most of the time that is too long of a commitment for a lot of startups. However, coworking spaces offer businesses the opportunity to scale as high or low as they need, without having to break any long-term lease. Although the square foot price isn’t necessarily low in coworking spaces, the ability to work on a short-term, month-to-month and the additional services make it worth the value.
2. Get a Better Value in Coworking Spaces
Where coworking spaces truly shine is the access they provide to amenities that would otherwise require significant capital investments. However, the cost of amenities is built into the coworking space membership such as coffee, beer, and office supplies. You also receive more costly amenities like printers, online platforms, phone services, and other utilities.
3. Improve Work-life Balance
In today’s society, the work-life balance is becoming increasingly more important. That balance can get distorted when you’re working out of your home. Coworking spaces provide entrepreneurs and freelancers a separation from their home and their work life. As a result, working from a coworking space can make you feel more relaxed at home and more productive when you’re working.
4. More Networking Opportunities
Coworking spaces attract multiple businesses across a wide range of industries. Many of those businesses are peers and contributors in their local community and economy. Therefore, you’re sure to meet new people who you can exchange ideas with and possibly collaborate with on projects together.
5. On-site, On-demand Talent
It’s not unusual for small businesses to obtain the services of freelancers. A lot of companies use freelancers to write copy, design logos, or file their taxes. In local coworking spaces, you will be able to outsource and possibly employ other coworkers. Outsourcing your work could be as easy as just looking over your desk to find someone who could help.
6. Access Beautiful and Inspiring Coworking Spaces
A rising number of coworking spaces are in unique, historic buildings which are spread out across the country. This allows businesses the opportunity to afford to work in a creative and professional environment. These unique coworking spaces are very beneficial to small companies, who are looking to separate themselves from their competition. A coworking space that inspires both impresses and attracts new clients.
Summary
Small businesses have a lot to gain running their businesses out of a coworking space. They will see their productivity, healthiness, and efficiency increase over time. With the money they save from working out of a coworking space they will eventually be able to afford an office on their own in the future. Soon, coworking may become the new norm for any business that will need affordable space.
