As an entrepreneur, you're faced with plenty of tough, important decisions all the time. One of the biggest decisions you'll face is where you and your employees will be working. There are plenty of options in metropolitan areas and finding the perfect office can be daunting simply due to the vast amount of options available.
However, exploring the proper coworking space options can give you the opportunity to have a beautiful office while still keeping your expenses low and providing you with plenty of opportunities to help you expand your business. If you haven't considered coworking in the past, here are a few perks you may not have initially thought about:
1) Let Your Office Grow With Your Business
When your team is outgrowing a traditional office, you have to wait for your lease to expire, hire movers, research a new location, redecorate, and spend a ton of money, time and effort relocating your business to make space for a few new employees. Within a coworking space, this is never an issue. Deciding to onboard a few new employees is as easy as moving to the office next door. Simlarly, if you need to downsize you can quickly cut costs by moving to a smaller office, allowing you flexibility you just can't get anywhere else.
Many companies at Work Better have had success stories where they started simple at a coworking desk and after some time expanded into a private office. One such story is that of the Real Estate startup Oliver that started in a two person office and is now standing strong at ten employees and is continuing to grow quickly, crediting much of their success to the flexibility offered at Work Better.
2) Minimize Overhead Costs
When you're just starting out your business, you want every last dollar going towards growing your business. By saving money on administrative overhead, coworking spaces like Work Better allow you to focus on what matters instead of worrying about how you will be cleaning your office, sending mail, or replacing the copy machine. Minimizing these maintenance costs isn't just saving you money - it's saving you tons of time. Time spent looking for a new scanner, a new janitor or even just doing dishes is time you're spending away from the desk.
At Work Better, cleaning services, mailroom services, and a full stocked in kitchen are available to you all day. Additionally, printers, scanners and copy machines are always available for your company to use.
3) Become Part of a Community of Entrepreneurs
As a small business owner, you know the value of networking. Shaking the right hands can often lead to big breaks for your company that allow you to expand very quickly. As business owners ourselves, we know the value of good networking and regularly host events geared towards fostering the entrepreneurial community that exists within Work Better. From art gallery exhibitions to industry-specific events, our events are a treat for our members and give you a chance to invite clients and partners alike to events they will truly enjoy.
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4) Location, Location, Location!
A Midtown Manhattan office isn't all that affordable for your average small business, but attracting top talent means having an office that is easy for them to get to. Coworking spaces allow you to situate your business in an area that is closer to your clients, partners, and team members. It's also important for your office to reflect the values that your company holds. This isn't only about the decor of the office, but in a proper coworking space it is also about the other people that use the facilities. If you're bringing in clients and are finding yourself apologizing for having barefooted peers lounging throughout the lobby, it might be time to find a new office!
5) Shorter Contracts = More Freedom
If you're an entrepreneur in Manhattan, you know how crazy things can get in just one year. So when you're renting an office, why chain yourself to lease agreements that'll last multiple years? Expand too quickly, and you'll soon have crowded desks or employees working on personal laptops in makeshift desks around the office. If you ever need to scale back, you'll be wasting money on extra space that you don't need. On the other hand, month to month contracts may offer greater flexibility, but rent hikes you may not have prepared for may leave you with a nasty surprise at the end of the month.
Work Better, on the other hand, offers 3 month, 6 month and 12 month leases that allow your business to lock in a great rate for an extended period of time. Additionally, you always have the first 45 days to cancel your lease agreement if you decide that Work Better isn't the right fit for your business.
Ultimately, coworking spaces save you time and money by taking care of your entire office space for you. Work in a well-designed environment alongside a community of entrepreneurs in prime Manhattan and Chicago locations. You'll never find yourself fussing over your overpriced janitor fees or your unreliable copy machine. Everything just works so that you and your team can focus on getting work done!
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