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Wednesday 10 August 2016

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6 Benefits of using a co-working space

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You are a startup entrepreneur, working from room or home  may be the cheapest option. But lot of disturbances  and   loneliness make it unsustainable for some. It’s also not practical if you want to expand. For a small business, traditional office space is often too expensive and can require years of commitment. co-working spaces can offer a more affordable and flexible alternative with many baked-in benefits.
Here are some light on coworking space benefits
  1. Cheaper office space
Co-working spaces, which charge a membership fee, may mean substantial savings over traditional office space. CoworkingHUB, a co-working space with two locations in Hyderabd, maintains that a business could save 75 percent in total costs.
There’s obviously a point where it begins to make more sense for a business to have their own office space . But expences are more, with 4- and 10-person companies opting for co-working space to save money.
  1. Better office space and location
CoworkingHub, which like co-working spaces charge a membership fee, They can provide a way in to expensive, in-demand spaces in prime areas that new small businesses otherwise might not be able to afford.
You can start your business at prime locations with best price

  1. Fast setup
With shared office spaces, there’s no need to do an expensive move — they’ll do the heavy lifting for you. For instance, you  will “go into major high-rises, take out an entire floor, gut it, redesign it, and turn it into individually leased offices,”  “You lease by the office, but it’s not just a box.” As with many executive suite memberships, CoworkingHUB offices are “plug and play,” he adds, with phone, Internet and other utilities already set up. Bring your LapTop, and you’re good to go
  1. Free amenities
If you lease your own office space, you’re responsible for paying for utilities, supplies and amenities. With shared offices, utilities such as power,water and Internet are included, as are other amenities including coffee and kitchen supplies. This reduces costs and some of the details you have to tackle day to day.
  1. Flexibility and scalability
Most shared office spaces offer month-to-month memberships, as opposed to traditional office leases, which lock you in for years. The CoworkingHUB offer different membership levels with private office and open co-working options.
Since you pay a monthly or annual membership for a shared office rather than a long-term lease, you can typically upgrade or downgrade plans at any time. If your business expands or contracts, you can add or remove space as needed.

  1. Networking opportunities
Open floor plan and events for mingling, co-working spaces allow for easy networking.  Many of his members find work through fellow co-workers, in addition to a talent pool suited to small-business owners needing to add employees.
Final thought
As you decide on your working environment, keep in mind there can be major differences in working in an open space with a group versus working in a private office. Some people find their productivity drops in an open environment .Though there’s value to having a community, some small-business owners may find they do better if they have a private office.

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