Working from home is often the first strategy for the self-employed. However, if you have a small business that’s growing fast, there are lots of good reasons to take it out of the home and into a more professional setting. You need to look professional, possibly hire some staff, and some meetings just shouldn’t be had at your kitchen table or the local coffee shop.
On the other hand, you might not be ready to open a storefront or lease office space of your own. Opening costs are prohibitive, and there’s always the chance that what you’re spending might tip the budget in the wrong direction. After all, you want to be putting money back into the business, not giving it all to a landlord.
This is a situation where choosing a shared workspace is very helpful. Some of the many benefits of a shared workspace include:
1. Affordability equals profitability
If you’re spending everything you make on your lease, utilities, insurance, office equipment, and hiring part-time staff to manage it all, you can easily get stuck in an endless loop of money-in-money-out. A shared workspace means that you’re sharing amenities, like printers, internet, and office supplies, whittling down your monthly nut, so you don’t have to work quite so hard to stay in the black.
2. Choose a plan that suits you best
Shared office space providers, like Business Workplaces, offer a range of packages to support the way you work. If you’re generally working on your own but occasionally need to meet with a colleague or a supplier, you might choose a coworking package. Coworking provides you with many flexible options and a communal office experience that is both stimulating and productive. You might want to have a dedicated desk or office of your own; you would still be sharing all the office amenities, but you would have a little more privacy to make phone calls and work in solitude. Coffee and conversation are just steps away.
3. On-demand support when you need it most
If your business ebbs and flows, you may not need admin support every day. But, when you do, it’s nice to know that it’s close at hand. For instance, having a shared office space means that you have access to experienced, professional administrative personnel who can take some of those time-consuming tasks out of your hands so you can stay productive. Meeting rooms can be scheduled in advance, as can a range of other support options, and you will only pay for what you use. This arrangement will help you project your costs so you can keep your budget on track.
These are just a few of the ways a shared office space provides value to small businesses. If you live and work in El Dorado Hills, drop by Business Workplaces today for a tour. We’d love to learn more about you and show you how we can help.