The traditional office model was a necessity when the vast majority of business had to be conducted face to face. When the only way to collaborate with your coworkers was in person, you needed to actually be together to get things done. Advances in technology have drastically changed the landscape of business by allowing people to collaborate virtually from anywhere in the world. This change has caused many people to question whether or not they need to continue using the traditional office model. If you are thinking about making a change or are looking for a place to work for the first time, consider using a co-working space.
No start-up costs
A big benefit of using a co-working space instead of a traditional office is the lack of start-up costs. When you rent or purchase an office space you have start-up costs such as purchasing furniture, creating a break area, and setting up your network. All of this can add up quickly and be very expensive. You will not have these start-up costs when you choose to work out of a co-working space. In a co-working space, there are desks, tables, and chairs for you to use while you work. You will also find that you can connect to a high-quality network so you can collaborate with your co-workers or employees. High-quality co-working spaces like 580 Exec also offer perks like coffee bars and break areas. A co-working space will provide you with everything you need to get to work without incurring significant start-up costs.
Once you are past the start-up costs, a traditional office space also comes with continuing overhead costs. You pay monthly for rent, internet, utilities, etc. These costs are ongoing and will never go away when you have a traditional office. Choosing a co-working space allows you to have one low cost that you pay monthly. When you look at total overhead for most traditional offices you will find that a co-working space is much less expensive.
No long-term commitment
Another major benefit of using a co-working space instead of a traditional office is the lack of commitment. Many traditional office leases are three or more years in length. In small business, especially, a lot can change in three years. You may grow or change the way you offer your services. Co-working is much more flexible because it does not require a long-term commitment from you. You can get started using a co-working space right away and then make changes as your business evolves.
A co-working space is worth considering if the traditional office setting is not a good option for you anymore. You can explore everything that co-working has to offer by scheduling a time to tour the facilities of 580 Exec.