Shared workspaces provide a great alternative to the traditional business setup. As the world evolves, so do workspaces and the way we work, this means that employers need to step up their game, see if they can improve their headquarters and help encourage their employees to keep an organized and comfortable office, and sometimes this means changing working spaces and looking at Chicago’s office rental rates, for example. It’s worth considering it if you feel like your business has stopped evolving.
It saves money while offering an insane amount of benefits for the value. The innovative co-working space setup has led to the creation of Coworking software. In 2020, users can count on this and many other features when choosing a shared workspace.
Pricing
Coworking spaces are cheaper in price without being a downgrade in size or features. The shared workspace model offers all the flexibility of a larger building without any of the attached ‘feature creep’ prices. Business can sometimes have up to 50% of their income tied to a building lease. Being able to cut that price down to a manageable size is not only smart but effortless when you choose a coworking environment. And when your business grows and needs a new building, packing up and moving is less of a hassle. The flexibility of a coworking lease is miles more lenient than renting out an entire building.
Get A Prime Location
There are certain locations for an office building that are completely out of your price range as a business owner. Unfortunately, this is also where your target market resides. Many buildings in prime locations have converted to a coworking space, opening up more opportunities for companies to get the location they deserve. The location of a brand is important, especially for a start-up company. When a large building is out of your price range but you’re set on a location, consider a coworking space as the alternative. You get the location you want without having to make any sacrifices in other areas.
Better Productivity
Compacting your most important departments into an easy to manage setting makes sense from a business perspective. It uncomplicates communication for several departments without standing in the way of their individual progress. A coworking environment does not get in the way of individuality. Business growth is supported by having quicker access to like-minded people within the same company. For the CEO or person in charge, this also gives them a clearer overview of how their company operates during busy hours. Instead of being disconnected from your most important workers, you are joining them in the general workflow.
Networking
The biggest advantage of a coworking space is still networking. As more companies occupy the empty areas, you’ll more than likely run into someone that is a viable partner. Even if it is just for regular business advice, these connections will always lead to networking. A coworking space is a community of people that want to improve the vision of their company. When ideas are combined on the same tasks, both companies can benefit from working together. Contacts you make in one coworking space remain valuable even when you pack up and move buildings.
Wrap Up
Get all of the amenities you want out of a building without paying the full price. A coworking space sets the tone of the culture and shows employees that the company is forward-thinking. Maximize your flexibility by joining the millions of satisfied users of coworking spaces.
