Starting your own business can be exhausting and financially draining, which is precisely why many startup entrepreneurs choose to convert their own personal spaces–such as basements or garages–into offices. With rent prices getting higher, this setup is almost unavoidable. However, there will always be a certain point when you need to move out of your home and into a professional workspace – especially if you’re trying to impress potential clients and investors.
Trust me, inviting a potential client or investor to your garage is a bad idea that screams “amateur”. It’s also a great way to kill your brand before it takes off. Fortunately, we’ve found a middle ground.
Coworking spaces are becoming more and more popular among entrepreneurs and professionals, especially among those who cannot yet afford to lease or purchase an office space for the long-term.
Aside from that, here are 4 other reasons why all startups should consider coworking spaces.
- It Opens The Door For Networking
The best place to meet and greet other professionals is in a coworking space. Coworking spaces avoid the awkward formalities and niceties wherein business cards exchanged end up mostly in the trash. Yes, that happens.
In a coworking space, you can interact with an incredibly diverse group of professionals over coffee, table tennis, the water cooler, and whatever else your coworking space has to offer. It’s basically networking minus the awkwardness.
- It Saves You From Incurring Unnecessary Overhead Costs
A common challenge for startups is managing the increasing overhead. When a business is in its initial stages, money is usually flowing out rather than in. If you’re lucky, you’re probably breaking even.
A great way to cut costs is by considering an office rental like Common Desk. Instead of throwing away your money on a half-baked office space, rent a well-designed coworking space and concentrate your funds towards revenue-generating activities. You’ll be doing yourself and your a clients a huge favor.
- It’s Flexible And Affordable
Most of the time, coworking spaces are located strategically within business districts. While these locations can be expensive to rent or lease, setting up shop in a coworking space is quite affordable even in the busiest hubs.
Aside from that, coworking spaces offer a variety of office rental options, which can be packaged depending on your workplace needs. Looking for a cubicle or conference room? A mailbox? An event space? A lot of times coworking spaces come equipped with these and much much more.
- It Allows You To Focus More On Important Work
Any business owner needs an efficient workspace in order to be more productive. What’s great about coworking spaces is that they come equipped with printers, Internet connection, meeting desks, pantries or kitchen, and a whole lot more. Having these things at your disposal allows you to focus less on office equipment and more on important work.
These are only some of the reasons why startups should consider coworking spaces. If you’re already thinking of getting a membership at your local coworking space, make sure you’ve already assessed your business priorities. That way, you’ll know exactly what you’re looking for.
Take some time to visit each space to get a feel for them. Pay attention to the amenities, the crowd, and the staff, so you can settle in a place that suits your business.