Last week we mentioned that an article from The Balance Small Business asked if you have ever considered working in a coworking space. While many of you reading this may have considered working from a coworking space, some may not have ever even heard of it. Similar to shared office spaces, coworking spaces have grown in popularity, due to both convenience and budget-friendliness. We also explained in last week’s article what the differences are between coworking spaces and shared office spaces. Just as we did last week, in this article we will take a look at what a coworking space is, and help you determine if a coworking space is right for you and your business or startup.
Getting Away From the Home Office
As we mentioned in last week’s article, working from home can have its benefits. There is no need for wardrobe, wear and tear on a car, travel time, etc. Unfortunately, working from home can also be detrimental to productivity. There are often distractions at home that keep drawing your attention away from the task you meant to accomplish at work each day. Whether it be children, telephone, knocks at the door, or even your own lack of discipline, working from home can slow you down and cost you far more than you realize in the long run. Just having a place to get away from the home office and focus only on work can increase your profits by a great deal.
There are also times that you need to get away from the home office to meet colleagues or impress potential clients. While bringing them to your home is acceptable, it is not really that impressive. Neither is setting up meetings at the local coffee café. Which would impress you more, doing business with someone who is working out of the Stew and Brew or meeting someone in their business office? While the cost of leasing a traditional office space is an unacceptable expense, you can lease a coworking space in Wellington for just one day, one week, one month, or by the year, depending on your need and budget.
Productivity in a Group Setting
Another bonus to leasing a coworking space for your business is the likelihood that having your team brainstorm together will increase productivity even more. While it would be difficult in most home offices to bring in 10 or more workers and have them loudly bounce ideas off of each other, this is completely acceptable and encouraged in a coworking space. In fact, productivity has been proven to increase when workers, entrepreneurs, and teams can get together in an open space and work towards a common goal.
Coworking Spaces are Cost-Efficient
Along with increasing profits by increasing productivity, working from a coworking space can also lower costs. For those who are looking for an office space for themselves and a team, a coworking space is a far cheaper solution than leasing a traditional office space. The cost of a coworking space in Wellington is far lower by the month than it costs to be in a commercial office building. There are also added amenities that bring costs down even farther. For example, in a traditional office, you will need to pay for weekly cleaning services. These are usually provided with a lease from a coworking space. Coworking spaces are also available 24/7, where most offices buildings may not be. Those are just a few of the reasons that coworking spaces may be cost-efficient for your business.