Shared office spaces are a great way to do business. More and more companies are realizing that not only do shared offices make them more flexible, but using a shared office space can also save a business money. Many urban areas are starting to see an increase is these types of office spaces because they allow businesses of all sizes to work out of them. Shared office spaces can save businesses quite a bit of money when it comes to operating expenses. If also allows them to hire the best talent for a new position no matter where that person is located in the world because shared office spaces make it easier for people to telecommute into work. That means they are no longer restricted to hiring only out of the talent pool in their specific geographic area. This is huge for businesses that may have positional available that require a very specific skill set or can be hard to fill. Let’s take a closer look at how shared office spaces are saving money for business owners.
First, telecommuting. Employees that work for a company that is located in a different geographic area now have the ability to work in a professional setting that does not cost as much as renting out a private office space. When an employee works remotely, then the company that they work for has a new and different set of worries that they take on for that employee. They have to consider whether or not they should provide a professional setting for that employee or if they can trust that the employee will be just as productive if they work from their home. There is also the possibility that if they work from home, or from another location such as a coffee shop that they will have interruptions in their internet access or have to work with a very slow internet connection that could hinder their work. Also, there may be no way to guarantee that the wifi access points that they are using are secure, which means some of the data on their computers could be at risk to being exposed to hackers. When a remote employee works from a shared office space, they have access to a secure internet connection that is going to be faster and more reliable than any other one in a random coffee shop. They also have access to other equipment that is standard for office spaces, such as conference rooms and desks, table or cubicles that will lend to a more productive work day.
Second, small business owners. When a person is attempting to launch their own business the last thing that they want to do is to take any any additional costs that they don’t have to take on. Renting out a large office space can take away thousands of dollars out of an operating budget. Plus there is the cost of installing and paying for internet, phone lines, and furniture. All if this is already available in a shared office space for a much lower cost, so why wouldn’t you want to take advantage of that?