Imagine a workspace that was designed with you in mind. That took into account your budgetary needs. One that accommodates how you do your best work – as well as where and when. That offered a great balance of quiet and connection, solitude and socialization, concentration and collaboration. Coworking spaces were born of imagination and the realization that we could often work better and more effectively outside the traditional office, outside the home, or outside the corner coffee shop. Now they are a reality that can help propel your business forward. Myriad challenges can be solved by coworking spaces for small businesses and entrepreneurs. Why is it such a good fit?
7 Benefits of Coworking Space for Entrepreneurs and Small Businesses
Coworking space for small businesses and entrepreneurs can make a world of difference when it comes to their output – and their bottom line. How?
- Boost Productivity
Distractions abound – from our phones and devices to children to a sinkful of dishes. When we’re trying to work, this can be highly detrimental and a big obstacle to getting “in the zone,” so to speak! Shifting to a coworking environment can be a big boon to productivity. As reported in the Harvard Business Review, those who work in such spaces feel a greater sense of control over their jobs and believe their work is more relevant.
- Work – On Your Time
The traditional 9-5 (or 8-4) is still applicable for many workers, but more of us need greater flexibility when it comes to our schedules. Maybe you’re a parent. Maybe you’re caring for aging parents. Maybe you are in school or a training program. Maybe you are part of the “gig economy” and have other obligations. Maybe you just work more efficiently outside of normal “business” hours. Whatever the case, coworking spaces can offer 24-hour access so you can do what you do best when you do it best.
As a small business, you depend on flexibility and speed. Give your team members the power to work on their time.
- Juggle Work and Life More Effectively
Is “work-life balance” a myth? It can feel that way as our careers encroach on our personal time – and vice versa. When you work at home, you may feel pulled in too many directions. There are dishes to be done, and laundry to be washed… and people seem to think that “working at home” means you are available whenever they need you. It can be hard to put down solid boundaries, despite our best attempts.
One of the benefits of coworking space for small businesses is that coworking space gives you (and your people) separation. A line between personal and professional, between work and home. This can be a game-changer.
- Scale Up or Down on Your Terms
As an entrepreneur or small business owner, you know that office space can be a budget-busting expense – and you will be locked into a long-term, multi-year lease that may not suit your physical or financial needs. With coworking space, you get the space you need, when you need it, on a month-to-month basis. And if you need more, you simply book it. That’s it. It is far easier to scale with this type of solution than with an expensive (or exorbitant) commercial lease or purchase.
Starting and running a small business is not for the faint of heart! It takes dedication, determination, and time to grow it into a successful endeavor. One of the many benefits of coworking space for small businesses is that you can connect with other professionals – in your field and in those complimentary to it – while exposing yourself to new ideas, new ways of thinking, and new opportunities for development. Even a casual chat over coffee can lead to collaboration, new contacts, and new contracts.
- Build a Great Company Culture
The sad truth is that many US workers are disengaged and either at or on the point of burnout. An office environment that perpetuates this cycle is the worst move you can make for your business. Coworking spaces can help you create a dynamic, engaging culture that invites all of your people to contribute their finest work, creative thinking, and best energy. This goes a long way in both recruiting and retaining top talent in your industry.
- Cut Costs
There’s always the bottom line! Here, #7 could easily be #1 when it comes to why coworking space for entrepreneurs is so beneficial. Again, long-term leases and commercial property purchases are often cost-prohibitive. Overhead is exorbitant and keeps you from investing in your company. Further, this space may not meet your needs as your small business grows, evolves, and adapts to the ebbs and flows of the economy.
Coworking, by its very design, is intended to work for you – while empowering you to do your best work.
Office Evolution specializes in delivering solutions that are tailored to your needs. What’s the next step for your small business? Take it with us.