The traditional offices could be a real vibe spoiler with those dull walls and rigid cubicles. It’s good that they are not becoming a thing of the past because the millennial workforce doesn’t work by the clock. They need exciting workspaces that fuel their creativity. Startups, in particular, need to stay motivated and to keep working better and just can’t do with the 9 to 5.
Fresh graduates never dream of a boring office and rather look to be in modern workspaces. Conventional spaces can’t bring out the best in the employees and are even expensive. This is where flexible office spaces enter.
Today, one can work from coworking spaces and “be their own boss” without breaking the bank. Unlike traditional setups, there’s no huge financial investment. They are rather affordable and offer flexible membership plans that suit from modest to high budgets.
A regular coworking space has modern décor, support services and a wonderful community of professionals. Renting a managed workspace is ideal for startups because they can focus on their work instead of admin tasks.
5 Ways How Startups Benefits From Flexible Office Spaces
No drainage of funds
Coming back to the most important factor that attracts the smaller ventures is that they have to pay way less compared to what they would have paid in renting conventional office space. When you sign contracts with traditional space providers, you are expected to sign multiple years’ contracts with them. This traps you in paying even for the time you don’t wish to continue simply because you signed up for it. This is not the case with managed offices spaces though.
You can choose from a one day to one year plan and there is no obligation to get into long-term contracts and drain your savings when you don’t want to. Sometimes, businesses can just not manage to proceed in the long run but since they are bound to pay the lease, they lose money. Also, there are no hidden charges in the documents of a shared space like conventional offices hence, they are safer.
All professional services under the same roof
A regular workplace would get you into a longer contract, extract a huge amount from you and yet won’t give you any other thing except an office space for rent. They care a lot about their members’ growth and success and hence provide them with professional services like reception, It support, high speed internet, unlimited tea/coffee, parking, printer, housekeeping, community events and everything that could help the clients in their operations.
You get to work in a managed office where the interiors are attractive, infrastructure is impressive and there’s everything that you can require to give your business a professional image. Irrespective of the size of the business, every client enjoys the same level of services. You save so much of your money, time and efforts that you end up using them on the more important side.
Increased productivity and better results
If you’re planning to give your brainchild a professional execution, you can always start by working from home. You can carry our work from you home but this can’t be a very good idea in the long run. The drawbacks start to reflect when you realize that you can’t focus on your work anymore because of the distractions and non-professional environment at home.
You are always in your pajamas, you don’t meet people, your social life comes to a halt, you are not forming any business connections, you don’t have anyone to share your burdens or victories and this becomes really upsetting. Moving to a coworking place can be both refreshing and exciting because all that you have been missing at home is now around you. You love working and when you’re happy, you’re the most productive and yields better results.
Connections and networking
With the kind of diverse professional backgrounds the members come from, it brings a lot of good opportunities on the front to connect with people with shared interests. When you find coworkers who share the same expertise, knowledge and keenness as you, you tend to bond more and better. These connections go a long way. It also brings the chances of sharing work opportunities.
There are instances that a freelancer might grab a project from the startup, two ventures come together for something big, an employee of one venture might get hired by the other and similar opportunities that bring various occasions where there are prospects for everyone to grow. A coworking space is much more than an office space for rent. It’s a place where people do business networking and form professional connections that would benefit each other in some way that it’s a win-win.
Happy teams and higher morale
It’s seen that people who work in coworking spaces are happier and more productive. With regular events, sessions and fun activities happening, workers enjoy being there. Once a person loves their workplace, they are naturally more efficient. A modern office is any day more attractive and better than a dull conventional workspace where nothing happens; no socialization no events.
Startups are often tight on funds and have to go as per their budget which clearly doesn’t allow traditional offices. They are neither affordable nor productive. You just get the property; no support services or amenities but more hassle and expenses.
If the company is big and stable then maybe they can go for a conventional office where they can arrange for their own equipment, support staff and events but for small companies, it could be a nightmare. Flexible offices are a game-changer for freelancers and growing firms. You pick the most suitable membership plan and the team works happily ever after!
Conclusion
Flexible office spaces have been a saviour to all the freelancers, startups and small businesses that needed a professional working space within their means to grow ahead in their careers. Today, small businesses are adding to more employment opportunities and the growth of our economy as a whole. Coworking spaces have always been backing the dreamers and doers with a list of membership plans from which they can choose the most suitable ones for themselves, pay the membership fee, move in and get started without having to worry for anything else.
If you are looking to give your business idea the execution it deserves, then search for the nearest coworking spaces around you, take a tour, choose the one you like the best and enrol yourself to get started. Good luck!