As a start-up company, finding affordable and flexible office space is a must. Many start-up and small companies make the mistake of signing traditional leases, locking them into contracts that can be costly to break in the event that they outgrow the space.A great alternative to traditional office space is shared co-working space. Co-working space offers many benefits including:
Relationship buildingWorking alongside several other companies gives you the opportunity to make business relationships with other business owners. With many companies in co-working facilities just starting up, there are excellent opportunities for meeting people seeking to broaden their business network, form partnerships and obtain referrals. Co-working allows start-up and small companies to form relationships that allow multiple companies to grow together.
Professional appearanceCo-working facilities give your company a more professional appearance. Rather than meeting with clients in restaurants, coffee shops or your home, co-working offices give you professional meeting spaces and conference rooms with amenities similar to those you would find in traditional office space.
Idea sharingIn shared co-working spaces, there is often a free flow of ideas around the space. Work requests or just general conversation with other tenants can lead to your next big idea that can take your company to the next level!
Co-working makes workers happyWith many entrepreneurs and start-up companies choosing to locate in co-working space, the office environment is often very different from that of a traditional office space. Entrepreneurs tend to have a more positive attitude as they’re working to build their own companies. As they share their optimism, it creates a positive energy for all! Happier employees lead to higher levels of productivity and entrepreneurial ambition.
FlexibilityCo-working space offers greater flexibility than traditional office space. Most co-working facilities offer the ability to expand your office space without a costly change to your lease agreement. The goal of any start-up company is to grow and co-working space allows you to do that without restriction.
These are just a few of the many benefits offered by co-working space. The advantages of co-working will be different for every company and in every office, but the affordable rates and flexible leasing terms offered in co-working space are beneficial and attractive to all companies – particularly those in start-up and growth mode. Co-working is an excellent way for your young company to save money, form relationships and grow without restriction.