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BUSINESS: The 6 Business Advantages Of Using Shared Work Space 

 





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IF YOU'RE a solo entrepreneur, start up small business or a consultant, working from home might be cheap but it’s not practical if you want to expand or need faculties like meeting rooms to meet clients.

Alternately, traditional office space is often too expensive and can require months to find and require years of commitment.

Linda Trim, Director of FutureSpace, a joint venture between Investec Property and workplace specialists Giant Leap that offers high end shared working, office on demand, space in Sandton, said: ”suites and shared spaces can offer a more affordable and flexible alternative with many baked-in benefits.

“In the months we since we’ve opened, we’ve experienced many executives taking up space, a phenomenon we’ve noticed around the world.”

Here are some of the perks you can expect with a shared office space:

1. Cheaper office space

Shared executive spaces, which charge a monthly fee or on a pay as you use basis, mean substantial savings over traditional office space. A business could save 50 to 60% in total costs. For example a 100 square metre office space for six workers in a prime Joburg location could cost R60 000 monthly including supplies and utilities. The same space in FutureSpace would cost R35 000.

2. Better office space and location
Said Trim: “Executive office suites, which like co-working spaces charge a monthly fee, have been around for decades. They can provide a way into expensive, in-demand spaces in prime areas that new small businesses otherwise might not be able to afford.

“You are the right in the middle of where clients are and where they want to meet - at a lower cost.”

Trim noted that if some small-businesses or independent consultants tried to get office space in prime buildings on their own, they’d likely face a tougher time of it because their businesses are too small. Shared spaces gives small-business owners access to the types of offices and locations they want.

3. Fast setup
With shared office spaces, there’s no need to do an expensive move.

“Offices are fully furnished with phones, internet and other utilities already set up. Conference rooms have ‘plug and play' capabilities, so just bring your computer, and you’re good to go,” said Trim.

4. Free amenities
If you lease your own office space, you’re responsible for paying for utilities, supplies and amenities. With shared offices, utilities such as water and Internet are included, as are other amenities including coffee and kitchen supplies. This reduces costs and some of the time-sucking details you have to tackle day to day.

5. Flexibility and scalability
Most shared office spaces offer month-to-month memberships, as opposed to traditional office leases, which lock you in for years.

“Shared spaces typically offers different membership levels with private office suites and open co-working options. Since you pay a monthly or annual membership for a shared office rather than a long-term lease, you can typically upgrade or downgrade plans at any time. If your business expands or contracts, you can add or remove space as needed, “Trim said.

6. Networking opportunities
“With a part open floor plan and events for mingling, co-working spaces allow for easy networking and often lead to securing new business.”

Said Trim.” Many of our members find work through fellow co-workers. Shared wok spaces are extremely stimulating and excting places to work with like minded people.”


 
 
 
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