Do you work for a startup business? Or, are you looking to establish your very own small business? Before deciding on the location of your office space, entrepreneurs should consider the advantages and benefits of joining a shared workplace.
As businesses begin to re-enter the physical workplace, after many years of uncertainty, there are a number of variables that are available to aid your company growth in a communal environment. Whether you’re looking for a flexible and cost-effective arrangement, an opportunity to network or simply a fun and engaging work environment, coworking may be the answer for you.
Coworking & Startup Businesses
One of the most appealing aspects about coworking spaces is their capacity to create a community of passionate entrepreneurs. Working from home can be isolating, so having a network of talented individuals to bounce ideas off of, collaborate with, and learn from, is invaluable for startup success. This type of environment is beneficial for startups because it helps to foster innovation and creativity.
84% of coworkers are said to feel motivated and engaged in a coworking space, according to a 2021 study by Global Coworking Unconference Conference (GCUC). This is likely because coworking spaces provide an environment that supports and encourages collaboration between members. So, as a business owner, not only do you have the opportunity to increase productivity and motivation levels within your team, but you’ll also be able to tap into a community of like-minded individuals.
If You’re On The Fence About Coworking, Here Are Some Key Points To Consider
The biggest perk of coworking spaces is that they offer business owners a flexible way to work. Startups often don’t have the budget to sign a long-term lease, so the opportunity to rent a dedicated desk or a virtual office on a weekly basis is a huge advantage. This type of flexibility is also beneficial for businesses that are expanding or downsizing, as it allows them to smoothly transition their office space, based on their requirements.
With bespoke flexible agreements, you can scale a shared office space quickly – your initial term may be tailored to fit a one-person firm, a three-person team, or a fifty-person business, and you may expand your facility as required. Furthermore, many coworking hubs provide virtual office and dedicated desk members with the advantages of no lock-in contracts, zero deposit or setup fees, while still having access to the company’s amenities.
Smallbiz conducted a survey that revealed, a total of 82% of co-workers report that since they’ve nested in a co-shared workspace, their networks have expanded significantly (Small Business Labs).
In a coworking space, you’ll have the opportunity to network with a variety of businesses, which can be extremely profitable for startups. These relationships can lead to new business opportunities, potential partnerships, and even investments.
When you join a group of complementary people who understand your vision and goals, you have the opportunity to outsource work effortlessly, when you need assistance with projects or time-sensitive activities.
When you rent office space in a shared workplace, you’ll be surrounded by goal-oriented and high-achieving entrepreneurs, teams, and companies, allowing every day to be an opportunity to network, develop real relationships, and learn more.
If you’ve ever worked from home or an isolated office space, you will understand how difficult it is to stay focused. That’s because working alone (even if you’re surrounded by others in a coffee shop or library) means that you’re only accountable for your own levels of productivity, making it more difficult to complete important tasks.
Working in a coworking space encourages you to appreciate the fact that you are indeed there to work – meaning you can’t simply show up in your activewear and joggers. This simple act of dressing professionally and walking into an office where others are working can be a great means of increasing your focus, productivity, and efficiency.
You’re also more likely to stick to a set work schedule when you have an established place to go to work every day. This is because coworking spaces provide the perfect structure for startups wanting to establish healthy working habits and routines and discipline that motivates them.
Coworking spaces are typically accessible 24/7. Individuals can choose whether they want to work in a quiet space so they can concentrate, or sit in a more social break out space with shared tables where interaction is encouraged. They can even decide to work from home, without repercussion, if they have an appointment to tend, a family emergency to take care of or even if they decide to take time off to work out in the middle of the day.
This level of autonomy is extremely beneficial for startups as it allows employees to create a work/life balance that works for them! It also gives startups the ability to offer staff perks and benefits that may be out of reach if they were renting a traditional office space.
Social & Events
Coworking spaces often host events and workshops that can be extremely beneficial for startups. These events can provide startups with the opportunity to pitch their business to investors, as well as learn about various aspects of running a business. So, if you’re a startup business in Sydney, then coworking spaces should definitely be on your radar! They can provide you with the community, resources, and events that you need to take your business to the next level.
Making The Valuable Shift To Coworking
Finding a coworking space for your company doesn’t have to be difficult. Workit Spaces, located in the heart of Alexandria and just outside the Sydney CBD, can assist you in finding the right space for your startup. Whether you’re a sole proprietorship or a company of eighty, Workit Spaces will offer you the flexibility to operate how you desire, without the added pressure of signing a long-term contract.
You may commence work from a dedicated desk, upgrade into a private office a few months later and then expand into a 100 square metre showroom. Whatever you require, Workit will provide your business the greatest opportunity to succeed, and place a premium on saving time, money and effort.
Another big advantage of coworking spaces is that they provide startups with access to office space and all the amenities that come along with it. Having these resources available can help startups save money and time, which is essential when you’re trying to launch your business off the ground.
When you join Workit Spaces, you will have access to and enjoy the following amenities:
- Meeting Rooms for up to 32 people
- Reliable & Fast WIFI
- Phone Booths
- Reception Support 9am – 5pm
- Fully-serviced Kitchens
- Breakout Areas
- Nightly Office Cleaning
- Printing Services
- Ergonomic Desk Chairs
- Your Own Desk
- Exclusive Member Discounts
- Photography Studios
- Podcast Studios
- 65-inch TV with Video Conferencing Capability
- Goods In & Goods Out Stations
- On-site Loading Docks
- Discounted Shipping Rates
- Storage Facilities
- Complimentary Tea, Coffee and Snacks
To get started or to learn more about the advantages of coworking spaces for startups, get in contact with us via our website at www.workitspaces.com.au