Gone are the days of crunching numbers and emails behind cubicles for a nine to five job. With the rise of technology follows the need for establishing better connections and productivity in the workplace, which is where co-working spaces come into play.
Co-working spaces are well-known for networking and improving productivity, but there are overlooked benefits that can help companies gain a competitive edge. With that in mind, the list below aims to explore how shared offices can enhance your business in the long run:
Little to No Debt Liability
Shared offices are all the rage in various industries as it promotes networking opportunities and allows employees to work in an inspiring environment. The highlights primarily land on how co-working spaces improve work ethics and connections, but it also helps businesses behind the scenes by giving small companies a financial advantage.
For one, organizations that sign a lease to rent office spaces develop a heft liability on the balance sheet – be it a lease for three, five, or seven years. Naturally, the liability of the lease can be a concern when your business asks for credit or loan with the bank.
Working in a shared office solves the problem as it only demands short-term commitment, allowing you to shell out a budget for as little as a month. With no financial liability weighing down your financial state, you can invest your financial margin on improving your business in other aspects – be it on equipment, working capital, and other means of expansion.
Flexibility to Scale Up or Down
Seeing as a shared office offers short-term commitment, your business has the freedom to scale up, downsize, or adjust to what your company currently needs as it transforms. Co-working spaces offer flexible membership packages that you can customize according to your needs, making it a key contributor to your growth and change.
This includes the option to upgrade your desk to full office space, or part-time to full-time use, or even add a car parking space to your list of benefits. With the flexibility to work in an environment that matches your pace, your business can adjust the plan, cost, and space options.
Complete Amenities and Services
Renting a lease for private space is just the first step to running a business. After renting an office unit, you need to worry about the interior design, furniture, internet, employee parking, and more investments that are time-consuming and expensive, especially for a small business.
Even after completing the set-up, you need to think about maintenance and prepare for any possible problems along the way. Fortunately, co-working spaces provide all that and more by offering the complete package such as the following:
- High-speed WiFi
- Free printing and scanning
- Complimentary beverages
- Full kitchenettes
- Mail distribution
- Onsite support
- Privacy nooks
- Meeting rooms
- P.S- We still offer beer!
By providing the necessary tools you need to efficiently and smoothly run a business, you can focus on what you do best: improve your operations, strategies, and grow!
Also known as a shared office, working in an open plan environment is steadily becoming a popular alternative for businesses as it provides flexibility in terms of cutting back on office costs, expanding new markets, and boosting agility down the line.
If you are looking for a shared office in Charlotte, get in touch with us to see how we can help.