Introduction To 7 Good Reasons
Coworking Spaces Saves You Money!
Coworking spaces have become all the rage in recent years, but what are they exactly and how do they benefit your company? Coworking is a form of shared working that allows you to rent out space in an office building. Coworking spaces are frequently located near other businesses in urban areas. They provide a low-cost alternative to leasing your own office space. Here are seven reasons why coworking spaces will save you money:
- Less Investment
- Increased Productivity
- Healthier Work Environment
- Innovation and Creativity
- Decrease in Carbon Footprint
- Eliminates Common Expenses
- Saves Money On Overhead
1. Shared working spaces require less investment than leasing an entire office.
Shared working spaces are a great option for small businesses looking to save on office expenses. As an entrepreneur, you’re strapped for time and cash—and renting space is expensive. A shared office space allows you to save both by letting you use someone else’s facility for rent, instead of having to buy your own.
In addition to being more cost effective than owning your own office, shared working spaces can come with other benefits as well:
- Flexibility – You don’t have the same kind of restrictions when it comes to setting up shop in a shared workspace that you would if were leasing an entire building or floor of one building only for yourself. For example, if there’s an open room in someone else’s office suite but no conference table (or vice versa), it might be possible for them just share their conference room with another tenant who needs one without needing any extra approvals from higher-ups because they’re not technically taking anything away from anyone else using those facilities themselves.*
2. Shared work spaces increase productivity.
A shared workspace, otherwise known as a coworking space, is a location where independent workers can get together and work. This arrangement offers many benefits to its members in terms of increased productivity.
The concept of coworking has been around since the 1980s when San Francisco architect Brad Neuberg envisioned an open space where freelancers would collaborate on projects while providing access to resources like printing and fax machines. Since then, it’s become increasingly popular among millennials who are interested in the ability to connect with other professionals while maintaining flexible hours and impromptu meetings.
Today there are over 7 million remote workers in America alone—and since most people spend eight hours or more at work each day (and sometimes even longer), having these types of opportunities can have significant implications for both your professional life as well as your personal one!
3. Coworking makes for a healthier work environment.
Coworking spaces are generally located in urban areas, with easy access to public transportation. They’re often located near restaurants, cafes, grocery stores—and of course parks and other green spaces. All these amenities help provide a healthier work environment for those who choose to cowork rather than work from home or the office.
4. Collaboration often results in innovation and creativity.
Collaboration often results in innovation and creativity, which is why the coworking space model has proven so popular. By sharing ideas and knowledge with other people, you can learn more about a topic or problem that’s important to you. You can also solve problems in ways that you would never have been able to do on your own. Sharing knowledge with others helps spark new ideas and perspectives as well as inspire new solutions to existing problems.
5. Co-working spaces decrease your company’s carbon footprint.
In addition to the savings that coworking spaces offer, they also have a positive impact on the environment. By using a co-working space, you will be able to reduce your carbon footprint in several ways:
- Reduced need for transportation and commuting time. Commuting to and from work is one of the biggest contributors to carbon emissions. If you choose a co-working space that’s close enough to your office or home, you could get rid of this stress entirely!
- Reduced need for heating and cooling open offices. The need for large amounts of energy-guzzling equipment like industrial heaters can be reduced with a closed office environment—and coworking spaces provide just that kind of environment!
- Reduced need for electricity at your desk by sharing with others who are working nearby instead of everyone being in their own cubicle (or home). When everyone shares an electrical outlet it means less power is used overall than if everyone had their own individual outlets drawing electricity all day long without ever turning off their computers or monitors when leaving at night.
- Plus, there would be less chance of something going wrong with one particular outlet because there would never really have been any worry about whether anyone else might accidentally trip over something while walking around inside this shared workspace instead – so no worries about tripping over cords either (but not necessarily no worries about someone tripping over someone else). In short: Less risk = lower cost = happy customers = more satisfied employees = more profits!
6. Coworking eliminates some common expenses, such as a cleaning staff and security personnel.
Coworking spaces eliminate some common expenses, such as a cleaning service and security personnel.
For example, if you were to hire a professional cleaning service to come in once per week, your monthly costs would average $175. That figure includes both labor and supplies; the price would be higher if you had to pay for more than one person ($50/hr) or if they needed additional equipment beyond what they could carry on their backs (e.g., vacuums).
Similarly, many coworking spaces do not require tenants to have their own security guard or other employees on site—the owners of the space handle all of that themselves. If someone does need extra security personnel—for instance because there’s sensitive data being stored at their desk—they can usually request help from the community manager for a small fee that varies depending on how many guards are required at any given time.
7. Coworking spaces can help you save money while creating a healthier working environment
The benefits of coworking space can save you money in the long run. With shared work spaces, you don’t have to invest in everything yourself, which means less startup cash needed and more money for other projects down the line. This can be especially helpful if your business is just starting out and you’re not sure how it will take off yet.
Additionally, coworking spaces increase productivity by providing a healthier environment for employees to grow their businesses (and themselves). Coworking participants are regularly exposed to new ideas and thought processes that challenge old ways of thinking—allowing them to innovate and create new products or services along the way.
Coworking spaces are a great way to save money while creating a healthier work environment. They also allow you to connect with other entrepreneurs and grow your network of business contacts. Whether you’re just starting out or looking for ways to expand your current business, consider joining a coworking space near you!