6 Ways Small Businesses Can Benefit From Coworking Spaces
by Arnab Dey Business 19 May 2022
Small businesses are a significant part of the US economy. These enterprises have introduced many small-scale services, housed several employees, and fulfilled the growing demands of consumers. You can best understand their significance by looking at the figures in the southern state of Georgia.
The state has over one million small businesses which employ over 1.6 million employees. Georgia is home to the growing city of Atlanta, which is a hub for entrepreneurs, innovative ideas, and large organizations.
The pandemic-driven work from anywhere workspace scenarios added a new dimension to how people in businesses work and operate. One of the ways in which Atlanta has hopped onto the changing dynamic is by developing numerous coworking spaces within the city.
The original intent behind these community areas was to give freelancers a place to plan, meet and run their online work. However, the potential benefits prompted numerous companies to make coworking spaces a part of their business model.
From affordability to better productivity and whether you need space to hold a private meeting or sit with others, these venues have it all. Read on to learn how small businesses can thrive by capitalizing on the benefits of coworking spaces.
Here Are 6 Ways Small Businesses Can Benefit From Coworking Spaces:
1. Slashes Down the Costs
Starting a business can easily cost anywhere between $30,000 to $50,000. After this initial payment, the price of running a business only goes higher. It is not easy to maintain an office, take care of utility bills, provide employees with resources and keep up with technological trends. Securing a spot for your small company is also not easy since ambiance plays a significant role in securing solid deals.
So instead of expending investment money on maintaining large-scale office facilities, small businesses can search online “coworking space Atlanta” to find fluid spaces to rent out on a need basis, like a conference room. The conference rooms come with top-tier furniture and are spacious enough for all your important meetings.
Alternatively, you can lease desks for some of the key business functions but allow employees to work remotely and occasionally meet in community spaces. These offices are already fitted with the necessary equipment and charge you one-fourth of what you would pay for a full-fledged office complete with functional equipment and bills.
2. Coworking Spaces Help You Thrive
Employees determine the framework of a successful business. You can accomplish numerous milestones if you have workers who can meet deadlines, pour in creativity, and keep company morale high.
However, conventional office spaces can make it harder for employees to immerse themselves in work. The uncomfortable desk and lack of movement can be restrictive and make your workers unhappy. On the other hand, community spaces don’t follow a traditional setup.
Depending on where you secure a spot, you can get many comfortable seating and table options that allow employees to liberally move and find a relaxing way to get through their work. Some workspaces also have standing tables that let employees work while exercising their feet, preventing burnout and aching muscles.
Since your workers will also get a chance to sit next to each other in the group, it’s much easier to bounce ideas and start new projects right there. These factors help your company climb the rising trajectory.
Related Resource: What Is Coworking Software?
3. A Chance To Meet New People
When you’re booking a community space for your employees, there’s a high chance they’ll meet professionals from different organizations. Your workers can introduce your company, walk through the plans you have in store, and pitch ideas that can attract other major corporations to look into your enterprise.
Many prominent tycoons and investors also utilize the conference room. Sharing a space can build opportunities for social interaction that can soon lead to a positive work-based exchange of ideas.
Securing a significant investment is beneficial for your micro company since it brings in more capital and gives you more legroom to grow and expand your organization. Riding the tailcoat of large enterprises is one way to get ahead.
Community spaces also hold gatherings like lunch parties and workshops that are opportunities to mingle. Your employees can network, and if you’re also attending these events, it’s a chance to make personal introductions on your own and build connections.
4. A Place for Introverted Workers
Every employee has a different personality. Some workers enjoy being the center of attention, while others prefer remaining on the sidelines. Typical office spaces are communal. As a small business, you cannot provide singular offices to every worker. For introverted employees sharing spaces and sitting together may impact how they work.
These workers may feel socially anxious and nervous and have trouble finding a way out of needless interactions. Coworking spaces have a remedy. Your employees can rent out private offices instead of sitting with everyone. Rent a space and let them pick the office. The offices also come in handy when closing deals and discussing potential business projects.
5. Around The Clock Availability
Coworking spaces don’t work the same way offices do. There are no set times, and anyone can walk in. When it comes to the commerce sector, you need to work on your small business as much as possible by putting in overtime.
Similarly, your workers may have extra tasks they need to deal with and prefer completing them out of the office. So instead of getting stuck in traffic and coming to a closed office, workers can use community spaces to take care of their responsibilities.
Therefore, anytime you need to deal with a business emergency, have to set up a meeting in a short time, or meet foreign clients over video conferencing, you can use a coworking office to get to work right away.
6. Allows for Better Lifestyle Management
Compartmentalization is integral in running a business. You cannot focus entirely on your organization and neglect your life. At the same time, you can’t expect workers to continue giving up their weekends early in the morning and staying till night.
Working from home can also get stressful, especially when an employee has children and a family who always want their time. Your business will excel more when you delegate tasks and leave it to the employee to deal with where and how they feel comfortable.
Your flexible work environment can help employees build a schedule that allows them to come to work when they feel like it without managing their responsibilities from home. This freedom enables you and your employees to maintain a good lifestyle and prevent stress from accumulating. An enterprise can also crash when the staff is far too exhausted to carry on working.
Managing a small business takes time. However, you can facilitate the process by looking at community spaces for work instead of paying for an office space. Coworking spaces are a haven for small companies.
They come fully furnished and stocked with all the tools and features to satisfy any enterprise’s relevant needs. Your employees may also feel happier and connected. They get to represent your company in a much more practical light in a space that fosters collaborations and strong communication across departments and industries.
These spaces’ increased productivity and accessibility boost your business to the next level. You can also indulge your introverted workers by letting them have room to themselves to close significant deals. When all these factors work in unison, coworking spaces offer a viable solution to small businesses and prove an excellent investment to grow and expand.