Are You a Small or Medium Enterprise? Here’s Why Shared Office Spaces can Work for You

Running a small or medium business is no joke – in fact, managers and owners often have the impression that they are alone in their noble quest, and that few others understand truly how difficult and frustrating (and rewarding, of course) the pursuit can be. It’s exactly for this reason that a shared office space delivers so many advantages; you are not alone!

However, why would a shared office space offer so many advantages? What exactly are the benefits? Are you a small or medium enterprise? Have you checked out to see the new trends? Here’s why shared office spaces can work for you.

Create a network

If you’re co-working – that is, sharing an office – your chances of meeting minds that are similar to yours are much better. More importantly, your chances of meeting people who have a large number of contacts themselves are even greater. This lends great opportunity for network building and resource sharing. Chances are you’ll easily meet various suppliers, service crew, and more – all to the benefit of your business.

Great minds think alike

Or they might just think quite differently, and that’s where the great ideas come from. It’s when different methods are tried and various pieces of knowledge is shared that great things can happen.

Room to grow

The leasing contracts are often on a weekly or monthly basis – very few managers insist on a longer time frame. This helps you protect your risk when things go wrong, but also helps you remain flexible when the time for expansion comes around.

Reduced costs, higher flexibility

When someone takes on a new venture, there’s often a great price to pay in the form of investment. Not necessarily so when leasing a space for co-working; the overhead is shared and the various amenities are already in place for you to use. For example, take into account office furnishings, within a co-working space both the companies can split the costs of items found on the likes of office monster or other furnishing suppliers. You won’t have to fork out for new equipment or services on your own. With more people using things like the air conditioning, getting a replacement (head to Sirius Plumbing and Air Conditioning for one example of a service provider) when it breaks will not be such a financial concern. Alternatively, more obviously, rent costs will be kept at a low if they are shared. This means that the investment is minimal – which in turn means you can focus on scalability and growth.

And here’s another advantage that will help you along the way – it’s an important one, because it may actually have a great effect on your health and personal life: you are free to leave the stress of the work at the office, and come home to a place where it’s all about family. This is not so easy if you actually don’t have an office to leave the stress in; people working from home tend to brood a lot more. Whether you’re a start-up or a small to medium enterprise, the shared office space is sure to offer you a wide range of benefits, as a property expert specialising in commercial and residential properties at such locations as Bristol, London, Reading, Stoke on Trent, Norwich, and more like Commercial People confirms.

Image attributed to Suriya Kankliang/

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