Co-working offices went wildly popular among digital nomads around the world in the past few years, and for a good reason. A cost-efficient alternative to classic commercial real estate rentals and home offices, the collaborative workspace concept quickly won a place in entrepreneurs’ and freelancers’ hearts, but its advance into the 21st-century businesses arena didn’t stop there. Soon after independent professionals jumped on the co-working wagon, up-and-coming brands began to take interest in collaborative offices, which marked the beginning of a new chapter in the history of small and medium-size enterprises. But why did co-working spaces become such a huge hit among startups and what benefits will a small business get by relocating its line of work to a collaborative office?
1. Long-Term Lease Savings
Compared to the classic office rental, booking a few desks or an entire private suite in a shared workplace allows startups to make long-term savings while getting access to superior hardware. For a fixed price of a daily or monthly fee with no additional running and maintenance costs, a small business will get the right to use business-grade Wi-Fi, first-rate ergonomic furniture, and the professional-looking space that’s bound to impress clients.
2. Networking Made Easier
Working side by side with like-minded professionals allows young businesses to find new clients and grow their list of professional contacts faster and more easily. For a startup, networking can impact the bottom line, secure long-term sustainability and steady expansion, and increase referral opportunities in the local community.
3. Increased Productivity
Work from home isn’t exactly a byword for peak productivity and many startups decide to move to a professionally designed and furnished coworking space in order to increase output and staff engagement. By eliminating distractions from the immediate work environment, small business staff will boost focus, motivation, and productivity and reduce total time required to complete daily tasks.
4. On-Demand Amenities
Gone are the times when co-working office design mattered less than membership costs. These days, many co-working offices offer on-demand amenities such as access to private office suites, boardrooms, game rooms, and business lounges. For a neat bonus, startup staff can make use of co-working office kitchens stocked with free coffee, snacks, and other small blessings that can make the work experience more pleasant.
5. Professional Skill Set Growth
As soon as co-working brands realized competition can only grow fiercer, many shared offices around the globe started organizing workshops and seminars in an attempt to retain existing users and leverage access to a greater number of new members. By signing up for a suite in a co-working office, startup staff will get a chance to attend career-oriented events and add new items to their bag of business tricks, which is important for young brands looking to rise to top industry tiers.
6. Collaboration Opportunities
Many successful collaborative projects began in the break room of a shared office. Even startups that aren’t on the lookout for a potential business partner won’t mind having the option should the need for extra hands or professional skills arise. For instance, a web design and SEO startups can join forces in a one-time collaborative project, and thus attract a greater number of clients, hack client retention, and increase profits at the same time.
7. Flexible Terms of Office Use
Another convenience up-and-coming brands get by signing up for co-corking office membership is flexibility of office use. Compared to a standard office lease, the co-working office comes with a greater dose of freedom and lower costs, since startups aren’t obliged to pay fixed monthly rent and instead have the option to book seats on a daily or weekly basis.
8. A Hot Startup Location
Moving offices every now and again is time-consuming and stressful. Even if you manage to find corporate headquarters that fit your startup’s budget, you may have to settle for a location outside the center of the city. That’s where the shared workplace can be a godsend: co-working offices are usually situated in the downtown and similar hot locations, and many of them allow startups to register the company seat there, too. This means easier access to a greater number of clients, as well as more appreciative eyebrow raises among potential business partners and new hires.
Co-working offices are here to stay, and it seems that both freelancers and startups like it. If you are looking for the first office to call your startup’s base or just want to take your business game to the next level, it may be time to move into the shared office: the advantages a private suite in a co-working environment will bring your company are more than worth the membership fee.
Thanks to Chloe Taylor from SmoothDecorator.com for the insightful information on how co-working spaces benefit startups!
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