How Can Coworking Spaces Save Money for Small Businesses Like Yours?
Coworking has grown into a preferred work arrangement for small and big businesses alike. While larger companies are starting to see the merits of coworking, startups and small businesses have always been the major clients for coworking spaces.
A coworking space offers plenty of benefits to businesses, from flexible working hours to increased productivity. In addition, the coworking model can even save small business owners a significant amount of money. Continue reading to find out why.
Flexible Membership Terms
The biggest problem with leasing a traditional office space is committing to a long-term contract. It can be hard for small businesses, since they typically only have limited finances, to allocate to the office.
Likewise, since you are just starting, your office needs can easily change as you grow your business. You may need to find a larger space even though you are still paying for your current lease when this happens. Generally, most office leases are at least a three-year contract, but many things can happen during this time.
Given this dilemma, coworking spaces offer the perfect solution by allowing flexibility with your leasing terms. By renting a coworking space, you have the freedom to decide how long your membership will last and scale the terms as your business grows. This way, you only pay for the space you need at the time, saving you money in the long run.
Accessibility for Clients
In line with the previous point, another issue with traditional leasing is that you will need to pay more if you want your office to be in a good location. Due to financial constraints, most new businesses have to sacrifice this by opting for suburban or downtown spaces. Unfortunately, a bad location can have a massive impact on your business’s success, especially if you need to meet up with clients regularly. The good news is that most coworking offices are in prime locations, but you need not spend as much to have an office there. This benefit makes shared workspaces perfect for startups and small businesses.
Inclusion of Furniture and Amenities
Leasing an office on its own is already expensive because of the long contracts. However, before your employees can start moving in, you still need to outfit your office with furniture and get supplies. These translate to more costs, which will add to your already high expenses.
Coworking spaces eliminate the need for these additional costs since your membership already includes amenities and furniture. All you have to do is choose what type of coworking space you need. We provide desks, chairs, printers, and even free coffee and tea, which ultimately saves time and money.
No Maintenance Costs
While renting a coworking space, you don’t have to pay maintenance costs. The office provider will take care of all maintenance to ensure that the workspaces are in good condition. The same goes for cleaning. You don’t have to hire extra staff to clean your office since it is already included in your membership.
Of course, you should still practice proper coworking etiquette by throwing out your trash properly and keeping your desk space tidy. It is especially important if you get a hot seat since someone else will occupy your desk once you leave.
Find a Space for Your Team Today and Learn How Coworking Spaces Save Money for Your Business
As seen in the benefits above, a coworking space can help small businesses save money, allowing them to grow quickly without breaking the bank. 4 & Co has a wide range of workspace memberships to cater to your company’s unique needs. Whether you only need a private office for three people, or a team office for a larger group, we can accommodate your growing business.
Contact us today at (727) 725-2745 to get started. Let us know what you are looking for in an office and we can recommend the perfect coworking workspace solutions for your team. If you’d like to see our facilities in person, schedule a tour today!