Sharing office spaces is new age flexibility

For any new entrepreneur, freelancer, professionals or any small scale businesses, the main aim is to have a low overhead cost due to limited capital in hand and high returns to reach the breakeven ASAP and one of the major overhead expenses is the rental of the premises to conduct a business/ offer any professional services. Shared office for rent is being considered by many small organizations a lot these days because of the collaborative working environment. Shared office rental spaces have varying benefits and that’s why people are more keen to find shared office spaces for their working needs.

Advantages of shared office spaces:

Networking: Networking becomes easier and quicker as one would be surrounded with similar minds and also may be similar business fields which could be related or interrelated. Other talented and business driven people also connect and expand their businesses effectively.

More working capital: It gives in more financial flexibility and a greater amount of working capital for your business. It, therefore, gives more room for encouraging hard working employees and also making necessary adjustments to your overall business model.

Initial set up space: Since people generally hire their offices in already set up business parks or buildings certain things are already set up like phone lines, internet, intercom facilities, basic amenities like windows, chairs, tables, etc. The owners would generally have to build up the space from scratch but the basic things would already be done for rented premises such as tiling, painting, doors, windows etc.

Flexibility: The size of the offices would be based on the needs and wants of the hirer. One could scale down or up in accordance with the capacity required.

Decreases lethargy: When one is working away from home the lethargy goes away and the brain cells get more active than usual. The working pace is also increased and one tends to work harder in a good working environment around which provides more productivity.

Productivity could be created only if there is a change in the scenario or situation. One could be inspired or motivated and work better in such an environment and therefore beat the loneliness of working alone. An environment which provides comfort and a sense of belongingness which is constructive enough for good working culture and therefore, nowadays shared office spaces are much in demand.