Australia’s coworking landscape continues to grow as more and more businesses find the work format more amenable to businesses of all types. Start-ups and small businesses are attracted to coworking because of its cost-effectiveness, and of course, because it can offer businesses a whole lot of amenities that they would not be able to afford on their own. Larger corporations are attracted to coworking because of its approach to getting employees to be more productive in the space.
That coworking can provide reasonable office solutions to a variety of business types lends itself to also being a flexible coworking space to suit your work style. Whether talking about particular leasing terms or office logistics, coworking’s flexibility makes it possible for businesses to accomplish a number of tasks, namely networking for the purpose of business growth. Within the confines of many coworking spaces, professionals can find themselves engaged in a number of activities that would be difficult in a conventional office space.
Continue reading to find out more about the benefits of flexible coworking spaces.
Flexible Leasing Terms
The coworking space can be a flexible way to grow your business for a few reasons. For one, the contracts are a lot shorter than typical conventional offices, and so businesses can move around without having to worry about being tied to a protracted lease. Furthermore, because the leases are not as long, the coworking space allows you to move around when business dictates so.
The initial start-up costs also present businesses with some leeway in getting started. Many coworking spaces only require businesses commit to at least month’s rental and the initial deposit is typically one month’s rent. Compare this with the conventional lease, which can ask you to commit thousands of your start-up costs to a deposit, and the coworking lease is not only an accessible option, but it also frees up a lot of your funding.
While the purpose of coworking was intended to create an atmosphere of collaboration, today, these spaces have grown to include a variety of purposes. Obviously, the office is a place to work, but it also has a very important function in establishing the types of social relationships that can be a platform for creating business opportunities. Because the space is very social, this is an opportunity for you to network both formally and informally.
Finally, the space can be used to promote your brand. As a business with an open floor plan, coworking invites so many opportunities to showcase your business to others in the space. In the end, coworking is one of the few workspace styles that can allow you to use the space in a few ways without disrupting business.
Ultimately, the coworking space works for so many professionals because it gives them the chance to use office amenities on an as-needed basis. With conference rooms, boardrooms, and meeting rooms available, businesses can hold meetings in furnished offices that have world-class IT services and the latest in smart technology. These rooms can be used on an as-needed basis, preventing businesses from leasing space they would not normally use.
Furthermore, businesses have access to support staff that can field calls for you or can act as the first point of contact for your business. In essence, businesses are not paying for space and equipment that they will not use.
Flexibility As An Option In Office Space
Most people praise the social aspect of coworking, and there is no denying social interaction does build business relationships. However, there is also something to be said about an office setup that makes leasing office space very affordable simply because it leaves it up to the business to structure its office. Coworking’s flexibility, ultimately, is apparent through its fluidity in allowing the office to bend and shape itself to a business’s purposes.