You’ve probably heard about coworking before. It’s the new normal. What you may not be so familiar with are the various benefits that coworking offers to freelancers, entrepreneurs, startups, and large and small businesses.
Coworking has experienced tremendous growth over the past 3 to 5 years as people realize and begin to embrace the various advantages that come with it.
Small businesses are among the ones that benefit the most from using this type of space. Here are 5 reasons why.
1. Affordable and Professional
Small businesses often don’t have the necessary cash flow to invest in real estate; at other times, when they do have access to the cash flow, they’d much rather invest it in other key business areas. Coworking spaces are an ideal solution to small businesses because they offer affordable office space without compromising a business’ image. These workspaces are well-designed and well-equipped with services, IT and other amenities. They provide a professional working environment.
2. Interaction, Collaboration, and Networking
People and companies using coworking spaces work in different industries, making these spaces extremely diverse and perfect to find potential business partners, customers, and team members. Moreover, among the various amenities that these spaces offer you’ll find a plethora of events, which are perfect for networking and meeting new people.
Signing a traditional office space lease means committing for 10-15 years to work from the same space. Coworking spaces are great for small businesses because not only do they provide flexible lease terms–one month, three months, six months, and a year–they also allow companies to grow and contract as they need.
4. Fast Setup, Less Administrative Hassle
Coworking spaces are designed to be used immediately. You don’t have to think about installing Wi-Fi, paying maintenance bills, making sure the electricity and water services work, etc. It’s a plug and play environment. These spaces take care of the heavy lifting so that you can focus on your business and your clients or customers.
5. Great Amenities
The right workplace environment can make the entire work experience much more enjoyable. Services and amenities like free printing, access to meeting space, gourmet coffee, 24/7 access, ergonomic furniture, and many more create an environment that is agreeable, comfortable, motivating, and inspiring.