Your system is up and you are now ready to offer your product or service. Your first instinct is to work at home to save money, only to experience a lot of distractions. So you decided to go out and work at a nearby coffee shop. However, there’s noise everywhere and the best part is you forgot your earphones. Now good luck staying focused. You thought of renting a traditional office space, but you are on a tight budget. This is where coworking spaces come in handy. They are designed to meet the needs of startups. In this blog, we’ll share with you the many benefits of coworking for startups:
Coworking spaces are clearly more affordable than traditional offices. It’s because entrepreneurs, remote workers, and freelancers share the same space. Therefore, the maintenance costs are shared by everyone. This low-cost option allows you to save on many fixed costs.
As your business expands, you’ll need a bigger space to fit your team. The best thing about coworking spaces is that it can be flexible depending on your team’s headcount. Have freelancers? Get them hot desks on days when they need to work with you closely. Are you planning on hiring more people? Get a fixed desk for every successful candidate. Startups have unpredictable growth because they are still testing things out. With a coworking space, there’s no need for you to rent a traditional office to get a bigger space right away.
As a startup with a low budget, you can still have the convenience of having almost everything you need to run your business well. With coworking, you can access conference rooms for business meetings, have a receptionist to answer calls and other inquiries, and get essential things like free parking, technical support, and fast internet connection. Most importantly, getting that extra boost from a hot cup of coffee is no longer a problem. Most coworking spaces provide free-flowing coffee for their members.
4. Networking opportunity
Networking allows you to connect not just with people in the same field but also with those who have very different backgrounds. Both these types of people are a great help for your business. You’ll definitely learn from them different ways to improve your business. It is in connecting with other achievers and aspirants that a powerful collaboration happens. With collaborating with different kinds of people, you grow your network simultaneously, which in return can bring your business opportunities to increase sales. So if you want to increase your net worth, you have to expand your network.
5. Work-Life Balance
Mixing your personal and work life at home is not a good lifestyle. You have to set boundaries. Business matters such as delivery of items and client meetings shouldn’t be associated with your personal life. Without creating a healthy boundary between the two, you’ll find both aspects of your life stressful. With a coworking space, you’ll instantly have your own office space outside of your home. Plus, coworking spaces usually have community managers that organize events and gatherings that promote work and life balance and total wellness, which you usually won’t find in traditional office spaces.
It takes a leap of faith to start a business. So it’s no wonder why most business people take it seriously. As a startup, every step is crucial—especially on deciding where your business should mark its footprint first. With the convenience and opportunities to save, scale, promote work-life balance, and build a strong network that coworking provides, startups should definitely give coworking a shot. With strategic locations in the Metro’s central business districts, Common Ground is a great place to try coworking. To know more about our creative spaces, check our website or Facebook page. Or better yet, book a tour with us!
Remi Lin is a Content Writer for Bossjob.ph, an online job search portal. She is also a freelance email and sales page copywriter. She's an introvert who loves milk tea and nature.