Shared office space is a relatively new concept that has taken the USE by storm. As obvious from the name, the concept of ‘shared office’ revolves around sharing. From sharing space to the light, Wi-Fi and other amenities, the business can share every possible thing.
A shared office often involves a company that has spare desks and space and ready to rent those desks and space out to another company. Sharing space can be very profitable to both the companies -- one that is renting from and one that is renting out. The company that is renting the space can save on renting the entire office space and other perks. And the company that is renting out can generate additional income and reduce the overheads.
Let’s describe in details what benefits the business can have from the idea of shared office…..
The cost of office accommodation is the main overhead for many businesses, particularly the small ones or the startups. While working from home can help such individuals and reduce the cost, it does not render the right image to the clients as well as after some time, when the business brows gradually, one needs to take another step and renting an entire space can be a big leap that small businesses can’t afford. So the middle affordable way is to rent a shared office space. Hence, for the businesses for whom the cost of renting an entire office space is a big deal and working from home is not an option, shared office can be an ideal compromise.
It can be very rewarding from a social perspective too, to share space. Shared office space with synergistic businesses can help you to generate referrals. It can’t be possible to generate these leads without the contacts that you make in a shared office setting. As a result, shared office helps you to grow your business and manage your overheads more effectively.
Things to keep in mind while sharing an office space -
• What type of area you want to work in
• The businesses that you will be sharing with
• The cost of the office
• The amenities you need for your businesses
The key benefits of renting a shared office are companionship, knowledge sharing, culture, high energy, and cost sharing.Sharing office space is just like joining a culture that revolves around experienced professionals. It allows you to be a part of a community of minded people whose experience help you embark on business zenith.