Using coworking space makes sense
Are you looking for ways to grow and evolve your business? There are a variety of different paths that you can consider taking here. For instance, you might want to think about opting to start using coworking spaces. Believe it or not, this could be your secret weapon when searching for ways to take your company to the next level.
Coworking Spaces Explained
A coworking space is exactly as it sounds. It’s an office space that you share and a handy alternative to the typical home office or even a fully purchased or rented office. It does provide the traditional office environment and some spaces come with a variety of different equipment useful for running a small company.
As well as providing a shared area to work these spaces can be open 24/7, making them perfect for flexible work models. Conference rooms may also be available for meetings while wifi is a standard. You might find that there is PBX equipment too as well as common areas including lounges for employees.
Coworking spaces come in all different sizes and styles. For instance, you might find that a company provides multiple coworking spaces around a particular city or location. This ensures that the spaces are more accessible and available to a wider range of different businesses.
Coworking spaces have become more popular lately. It’s worth exploring why this is and how a coworking space could help you grow your company.
You could be running a business from home. This does provide a way to save money, but there’s a problem. You have a lot of distractions around you all the time. One research study found that the optimum period for working at home was between one and two days out of the week. This was due to the level of isolation as well as distractions from the bed to the TV.
With a coworking space, you are provided with the standard office environment for less and you can gain great benefits from this. Research suggests that being around other people working, motivates an individual to be more productive. As such, you are more likely to achieve business growth in this type of environment. You don’t have to worry about losing your way with daytime TV or fear of sleeping in.
Another great benefit is that these spaces are typically kitted out like the greatest offices as well. As such, you’ll have all the equipment and tech you need to effectively run your business. This might not be true with the standard home set up.
Cheapening The Deal
Running a business is expensive and that’s particularly true when you take into account renting or owning a full business office. Even a smaller business office could cost you thousands each month in rent and bills.
With a coworking space, your office immediately becomes more cost-effective and budget-friendly. These spaces are often available with flexible rates. This means that you will be able to pay for exactly what you need. You can choose to use the space three times a week or five days every couple of weeks. You’re now more in control of the cost of your business space. With this saving, you’ll have more money to spend elsewhere. This means that you can inject your finances in key areas that will fuel business growth. While a business office isn’t a useless investment it won’t help your company expand in a real way.
For this to occur you need to put money into promotion, new products and improvements to existing services.
You could use a coworking space for the employees in your business. One of the benefits of this is that they will be provided with an ergonomic environment to complete their work. The jury is out - a happy employee will achieve a higher level of productivity. Countless research papers have provided evidence for this. So, you should always keep in mind the wellbeing of your team members.
Of course, providing facilities for improving wellbeing costs money and this may not fit your business budget. Well, with a coworking space, these facilities can be included in the package From on-site yoga studios to free snacks and green interiors, you’ll be amazed at the type of set up that could be available here.
Work When You Want, How You Want
The nine to five office day isn’t on trend anymore. It simply doesn’t provide the benefits that you need in a modern business model. It also won’t work for all business models. It’s possible that you are primarily targetting an international audience. If that’s the case, then you need to consider time differences and start questioning whether you might be more productive working in the early hours of the morning or late at night.
With a coworking space that is open 24/7, you can do this and employees can also work at the time that best suits their needs. This makes your company far more flexible and this is going to be key for achieving business growth. You will also be able to arrange days when all your team members come together in the shared area for effective collaboration or updates on progress.
Finally, there is a massive level of diversity with regards to the businesses using these spaces. As such, you might be surprised by the networking opportunities that soon become apparent. You could find fresh clients for your B2B model or you may just be provided with a soundboard where you can test new ideas on experts and industry insiders. Networking is always going to be an essential part of growing a company. You need to have the right connections. In a coworking space, you could easily find the right individual or team to take your business to the next level.
We hope this helps you understand why coworking spaces could be the catalyst you need to achieve fantastic fresh levels of business growth. Flexible, cost-friendly and ergonomic, you’ll be amazed by the impact a space like this will have.