If you are a start-up company that has a limited budget, one of the common challenges that you would be facing is getting an office space. Of course, you can build your office at home, but then, you would have to admit that being in the commercial area gives you more opportunities in advertising your company and making it known to other business establishments. So how can you come up with a solution for this? Recent times have seen a transformation in several business establishments, and now, there are several advertisements online that offer coworker spaces. What are the benefits of sharing a workspace with other companies?
Sharing workspace with other people would allow you to gain ideas that would be beneficial to you and your company’s growth. Gaining insights from people with all different backgrounds is one of the significant benefits of sharing a workspace with other businesses.
Since you are still starting to become known to other companies, a coworking space in San Francisco would allow you to save money. You do not have to worry about paying the full amount of rent for the workspace because you are sharing that rental cost with another company. Aside from rent expenses, shared workspaces often provide you with all the amenities that you need to make your office functional, such as conference rooms that are fully equipped, etc. Thereby the only thing that you would need to worry about is expanding your business.
If you are sharing workspace with another company, gaining new knowledge is something that is inevitable. Other companies you share office space with will more likely tell you some of their operational plans, which you may adapt to improve your own.
In one of the studies conducted by Harvard University, they have found out that sharing workspaces brings out the best in the employees of the companies who are sharing space. Since the nature of firms sharing workspaces is different, they tend to have a collaborative effect. With shared workspaces, the employees of both companies have shared network, which makes them work collaboratively and thus, having better productivity in terms of work output.
Grow your network
Sharing workspace with other companies would allow you to grow your network. Get to know other people who would turn out to market your company to their friends, colleagues, and other people they know. Growing your network simply means being able to interact with the other employees of the other company you are sharing workspace with.
Flexible working hours
Having a shared working space allows you to have flexible working hours both for you and your staff. Gone were the days when office hours were simply limited to 8am-5pm. Today, with shared workspace, you and your employees can choose the time they want to come into work. Your work schedule can ensure a work-life balance between you and your employees.