We know the life of the traveling laptop well, otherwise known as the small business owner. You crack open your laptop anywhere and everywhere to complete some work: the kitchen table, the coffee shop, your couch, you name it. Working hours aren’t set for you (more like all hours are working hours), and your team is likely small, if not just you. Sound familiar?
We know you’re constantly looking for ways to grow your business. And in order for growth to happen, your physical space also needs to grow whether it’s an office space, a spot to host events, or frequent client meetings. Here are a few benefits to help determine if coworking offers the right solution for your small business.
Reduced cost
Small businesses rent coworking spaces for a monthly fee. In return, they have a fully furnished shared workspace stocked with office supplies, beverages, and amenities like high-speed printers and wi-fi. In a cost comparison, a coworking space is cheaper than a traditional office and reduces major overhead costs like furniture and a receptionist’s salary.
Flexibility
Work-life balance means something different to everyone. What we do know is that you and your employees need it! A major benefit of coworking for small businesses is the flexibility. Many commercial leases are between 3 and 5 years. However, small businesses are generally strapped for cash especially when starting out. Studio Workspaces lets you scale up or down as your business needs change. Flexibly adjust your membership for more space or downsize depending on your needs.
When it comes to your employees, coworking offers them freedom and improved productivity. Studio Workspaces offers memberships with 24×7 access to the workspace, and the All Access Membership allows professionals access to any of our four locations. In addition, coworking impacts employees dramatically. 70% of workers feel healthier coworking and 90% feel more confident. It can be incredibly stressful trying to work from home (do we even need to remind you that your kitchen table is your office?). Coworking offers a solution to separate the two.
More access to talent and networking opportunities
In a coworking space, you’re surrounded by talented professionals whether you look left or right. With shared amenities like printers and desks, your access to talent grows exponentially. You also grow your network as you come across other business owners and entrepreneurs. Who knew your next client or employee could be sitting right next to you?
Considering if coworking is right for your small business? Book a tour today to see what sets coworking apart.