How to know if a shared office is right for you

Many small businesses are always looking for ways to operate more efficiently and also save money in the process of doing so. One option that many people consider in order to boost their productivity is to utilize the services of a shared office space or co-working space. When it comes to traditional office buildings, the rental costs are continuing to soar upwards, which can make it hard for a small business to continue to make ends meet while paying the high rental and operating costs that go hand in hand with an old school office. A business of any size is always looking for ways to lower their costs in order to increase their profits, and for some companies, part of that solution can come from using the flexible services that go along with a co-working space. So how do you know if a co-working space is the right solution for you and your business? The answer to that is going to be different for every individual, but if you are considering utilizing the benefits that are available at a co working space, then you should start by asking yourself the following questions:

  1. How many employees will be using the space? If there are only one or two of you, then the services of a co working space could be very beneficial. If you are looking for a place to work out of and you have 100 employees, then a co working space would likely not benefit you and you would be better suiting to putting the time and money into a traditional office.
  2. Are you currently working out of your home? Many small business owners or telecommuters work out of their home or occasionally out of their local coffee shop. While that can be a great short term solution, over long periods of time it can cause stagnant growth. People still need to be able to interact with other people on a day to day basis, and after long periods of time without interaction, a person becomes easily distracted and bored and the quality of their work starts to suffer.
  3. Are high profile clients or vendors going to meet with you at your office? Many shared office spaces come equipped with conference rooms that allow people to meet with their clients or dial into a teleconference in a professional setting. This can be especially useful to people that are currently working at their dining room table and are looking for a way to rent a space for those times when they meet with clients.
  4. How often do you need an actual office in order to do your work?  Many people that own their own businesses find that they  are often on the road for their work, or they are just fine with working out of their home for the majority of the time. The flexible rental times that are available in a co working space allow people to use an office space as much or as little as they want.