Coworking

Why Coworking Spaces are Great at Cutting your Business Expenses

< 1 minute read | Marianne  Chemuel

Operating a business does not come cheap. Owning or renting your own office space means an avalanche of overhead costs tumbling all over your budget. You have to think of furniture, electricity, internet, security, insurance, and a whole lot of other amenities. What if we told you there is a way to reduce these costs? Looking to shared office spaces will save you time and resources whilst also delivering a plethora of benefits to both you and your employees. Let’s take a look at how.

The Benefits of Shared Rental Space

Investing into a coworking space not only cuts costs for your business, but allows you to join a lively community of like-minded individuals who are all driven to achieve their own goals. Of course, having your own custom designed office would be a dream, but for all budding enterprises, all that money would be better spent on promoting business growth.

Shorter leases

Coworking spaces offer businesses the priceless asset; flexibility. When entering into a lease agreement, most shared rental spaces will offer various options or customise a contract specifically suited to you.  This allows your business to secure a great rate for the desired period of time. After all, coworking places are occupied by an on-demand basis. This also means that if the coworking environment doesn’t end up suiting your business needs, long term lease agreements won’t be a hassle. Fourteen40, a North Sydney shared office space, offers varying lease durations with the condition to pay per month. This offers amazing flexibility in commitment and use of the shared space without straining your wallet. 

Prime Location

Always wanted that office space right in the middle of the city? Coworking spaces offer you the convenience of being at the centre of the business district without the ridiculously high price tag. You will be able to strengthen your image of professionalism and seriousness to your clients and employees by looking into office rental space in a fancier part of town. Take a look at The 11th Space, a Melbourne shared office space situated in the heart of the city. It’s a convenient location both for employees and to be in proximity to clients. With close access to public transport, cafes, gyms, and more, it’s the ideal coworking hub for your business.

Networking

These spaces aren’t just attractive for their communal spaces and having a good gossip over lunch with new friends. Coworking spaces offer a unique asset to your company; making new business connections. With events, classes and workshops often being hosted in coworking spaces, you can gain insight and knowledge in the areas of business you didn’t before. This Sydney shared space offers plenty of communal areas and open plan desk space to stimulate networking and conversation. Ultimately, one of the greatest benefits of coworking is the possibility of meeting others who have specialised skills which you don’t, and vice versa. In such a case, you have now made a mutually beneficial business connection which could prove vital in the future.

Minimal office expenditure

Finally, there’s the obvious benefit. Moving to a coworking site means less office expenditure. There’s furniture and decor, electricity, air conditioning, cleaning, wifi, kitchen stock, the list goes on. All these costs are alleviated when moving to a coworking space. New Wave is a bright coworking office located in Mermaid Beach on the Gold Coast. With all the office amenities conveniently included, such as a meeting room, reception desk, wifi, stocked kitchen, lounge, showers, and most importantly, a ping pong table, all you’ll have to worry about is getting some hard work done alongside like-minded professionals.

The main takeaway here is that coworking spaces not only maximise your savings, but allow you to completely immerse yourself in growing your business and not have to worry about running an office space. These benefits save your money, but also offer you something unique that can only be found in coworking spaces. Are you sold on the idea? Take a minute to drop by and visit Spacenow.com for affordable office rentals. You won’t regret it.