Building your small business takes many dedicated hours in your office. Your office serves as a place of business operations, client communications, and a daily reminder of your purpose. It makes sense to choose your office space like any business decision; look at the alternatives and determine your best course of action. One cost-effective alternative to traditional office leasing is the shared office space.
What many start-up entrepreneurs or home office company owners come to realize, is an office space can be a large overhead expense and a cash drain on precious capital. Your industry, clients, or work sanity might require a professional looking office. Can your budget afford the high costs of office rental? A shared office space can ease your rental anxiety.
What is Shared Office Space?
Shared office space, also known as serviced office space, business centers, or executive suites are a turn-key office solution providing an office space shared by other companies or professionals. These offices are fully equipped and furnished, a ready-made solution for establishing a branch office or saving limited time and money for start-ups. Besides the lower costs, a shared office space can help home-bound entrepreneurs feel less lonely and provide a more upscale image for your company.
A shared office space can allow you to focus on your business with 24 hour access and facilities such as mail handling, telephones, and broadband, as well as a central location in the Flatiron district has made it easy for us to focus more on our business and less on managing an office.”
Shared Office can provide a synergistic marketing solution. By pooling your office space with related professionals, you can enjoy the synergy of building your referral base with other similar non-competing businesses. For instance, a group of professionals like a Website Designers, Developers and SEO can all benefit from shared office space and expanding client exposure to a one-stop shopping solution. Even if you do not have a complementary business to share office space with, you can still have people to socialize with at the proverbial water cooler.