by Anna Garcia |
Have you been planning to start a business for a while now but have no idea where to go first or how to set it up? Or perhaps you have found the office you’d like but your budget makes you question if you can afford the space? There might be a lot of obstacles such as these in your way but that’s certainly no reason to give up. If it’s a physical office space you want to look for first so you can have somewhere quiet to brainstorm and plan for your start-up, how about you try looking for a coworking space?
What is a Coworking Space?
Basically, it’s a corporate setting in which a professional individual, a team or company can share an office space with other businesses and firms from different industries. Moreover, tenants may also have the option of sharing not just the physical space but also the workload, whether it’s for mere consultation, outright outsourcing, or clever collaboration. The set up varies according to arrangements agreed upon by businesses or individuals involved.
Now, it is quite understandable that you may have some concerns regarding sharing space with strangers. After all, privacy is a commodity that every individual or business would surely need from time to time. However, before you let your misgivings run amok and deter you from considering the idea entirely, first check the benefits you can get from utilising a coworking space.
Lowers Operations Cost
Since you will be sharing the space with other professionals or businesses, it would only make sense that you don’t pay for it alone. So yes, you get to significantly cut your office rent when you opt for a coworking office space. Aside from rent, you would also be sharing utility bills, amenities, and other office maintenance costs. You may even share use of up-to-date and expensive equipment that you might not be able to afford on your own such as printers, copiers, and meeting room equipment. Moreover, most coworking spaces are scalable, which means that you may use as little or as large a space you need, depending on the size of your business or team and your budget. Office space such as these also have less strict rules on the duration of leases or rent because most can be offered on a short-term basis. On the whole, this means that you will have less operation expenses and more resources to put into other aspects of your business.
Fosters Significant Business Connections
Making the right business relations is important. In a coworking set up, you’ll get the chance to meet people from different industries that might be able to help you in some way — now or in the future. After all, the business world is vast and finding the right person or team to assist you with any particular job could be difficult. So any help that would speed up the search and provide trustworthy references for you is valuable. Through coworking, you can find potential clients, associates, or collaborators quite easily.
Encourages Creative and Innovative Collaboration
Compared to a traditional office setting, this kind of office setup welcomes exchanging of ideas between colleagues or business acquaintances. Due to the environment and setup of coworking facilities, it’s more convenient for professionals to foster interaction and brainstorm together, even with people from different fields or industries. Coworking spaces can be melting pots of creativity.
When the idea of sharing office spaces was first born, some people thought that it would be just like a corporate setting of a coffee shop — where freelance professionals, mobile workforces, or small start-up businesses can do their work without feeling guilty about occupying space for hours on end and ordering only coffee or water. Now, however, it is also a business hub where professionals can freely socialise, share ideas with each other, cement connections or inspire creative fusion, all of which could only be of great help to you and your business.
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Anna Garcia is a digital marketing practitioner and blogger for Regus, the global provider of flexible workspaces.