Shared Office Spaces: An Ideal working place

In order to gain a foothold for establishing a new business or expansion of existing new business, shared office spaces provide one with an ideal working environment. The flexibility of short-term lease provides the ease in the process and functionality of any establishing business, start-ups etc. The decision making for co-working or to find shared office spaces should be made after considering the pros and cons of shared office space rental/s.

Cons to consider before you rent shared office space:

·         Different co-workers: One cannot gauge what kind of fellow co-workers would be there in the shared office space like their frame of mind or noise levels or their working environment/level of hygiene, etc.

·         More Competition:  As start-ups, one may face competition or somewhat similar business in the same co-working space. There could always be days where when you are speaking around and you don’t want to be heard.

·         Different work culture: It is difficult to have a work culture that you would specifically want to create for your own business to flourish i.e. is business specific. It is very difficult to have such an environment in a shared office space.

Pros of shared office spaces:

·         Meet new people every day: You meet different co-workers each day. Though it has its limitation, you also get to interact and know more about different types of people around you which may also help in conducting market research for your brand.

·         Low overhead: Establishing a new office—even a temporary one—can be a costly and time-consuming endeavour; while in a shared office space, everything is already set up for you. You just need to reach there and start working.

·         Flexibility: There are a lot of flexibilities availed for shared office spaces such as no deposits, no upfront fees, flexibility and early availability of shared offices.

·         Networking: Shared offices provide to network with new start-ups people who enthusiastic having different views, ideas, methodologies etc.

·         Short term lease: Co-working gives that budget friendly satisfaction and the lease structure could be availed for a short period at a subsidised rate and also at a low price.

·         Access to many facilities: Access to many facilities like conference rooms, fast internet, conference rooms, printer/scanner etc.

These are just many of the few things to be considered in this new age of business. As every coin has 2 sides, it's important to book office through reliable service provider where there is no ambiguity and freedom to compare and choose what best suits your needs.