With the advancement in the business industry, the number of startups and entrepreneurs have been growing rapidly. Many startups and entrepreneurs chose to work from a home office or coffee shop. But the problem is, do they have enough space, and does it provide a suitable environment to work? Co-working space is considered to be ideal for entrepreneurs and start-up businesses without having to pay high upfronts costs. According to an article from the Workloft, current research backs up the idea that co-working spaces are beneficial to companies of various sizes.
Co-working space unites diverse start-ups, free lancers, and remote workers in a shared working space on a daily, weekly or monthly basis. Co-working space offers various kinds of working space with different layouts such as open office, open office with cubicles, conference rooms or even private offices. There are several benefits of using co-working space such as:
Flexiblity and Cost Efficiency
Co-working space is flexible, and you have full control on what kind of environment you want to work. You can use the space when you need to, whether on a daily basis or monthly basis. You can choose to work collaboratively with other startups or chose to work individually on your own. If you like working in an open space with other startups and entrepreneurs, then a co-working space would be the best option for you and your growing business. With the emerging virtual assistants and office workspace, startup businesses and entrepreneurs do not have to bear expenses like office rent, travel cost, internet bandwidth, office equipment, hiring and training staff, etc. These spaces can be used at a very low cost for collaboration with the access to Wi-Fi, snacks, coffee and a desk. If you rented a traditional office space, you would be bound by a traditional lease, paying rent on monthly basis, even when they don’t use your office. However, in the case of co-working space, you pay for the space only when they use it.
Better Working Environment with Improved Facilities
Through working either collaboratively or individually, co-working spaces can inspire start-ups to be more productive and focused on their work. They can rent out private office space if they need to work in a quite environment, or conference rooms for business meetings with all the required amenities. Co-working space comes with everything you need like high speed Wi-Fi connections, enough desk space, and office furniture. In addition to that they also get to enjoy free tea/coffee and snacks at a co-working space.
Networking and Advice
Co-working space gives an opportunity to connect and communicate with other startups and entrepreneurs. Co-working space gives exposure to new entrepreneurs and startups by providing them a platform to get to know new people, build a network and learn about another entrepreneur’s journey. They can share their experiences and skills with one another and can learn about starting and running a successful business.
If you are considering co-working space, Officense is here to help. Officense has been well known in the Baltimore area business community since 2006. We provide businesses all the advantages of a large support system, without the usual expenses. For about 10% of the cost of traditional office, our members are provided with access to fully furnished Class A office space. You can avoid paying expensive monthly rent by instead paying hourly, daily or monthly your only what you need. We provide a range of office solutions for not only space, but also administrative support. Give us a call at (410)814-7500 to rent a co-working space, today!