These days, people are found to be more informed and understand what is better for them. Previously, new startups used to struggle to survive and make profits. This is because of the huge investment that was required to lease an office space in core business areas. However, virtual office, serviced offices, executive suites and working space alternatives have emerged provide immense opportunities to budding entrepreneurs. You can now Find Coworking Spaces easily and effortlessly in major cities and towns, the world over.
- Standard coworking space: Generally, it is located within an existing office of another business. It includes workstations, cubicles and private offices. It is good for startups and companies requiring facilities like multiple phone lines, conference room and greater privacy. You can avail services without having to bear additional costs. You are free to use shared reception area, shared office room, kitchen or break room, etc. Also is included within the cost is shared receptionist, mailing & copying center. Rent is determined by the amount of space to accommodate the business. It comes with flexible lease terms and rent is around $250 & $1,000 /month. Small business owners, solopreneurs and entrepreneurs can enjoy availing this facility.
- Business incubators: This organization type is designed to help entrepreneurial companies to witness success and accelerated growth. Such spaces are generally shared by 15-20 startup companies. However, admission process is quite competitive and rigorous. Affordable rent is an attractive feature. Amenities may include range of essential business services and support like networking connections, common services, coaching, capital and physical space. Rates may vary depending upon program and location.
- Coworking Communities: Among all the available options, coworking communities is considered to be the latest one, although not completely new. Coworking spaces offers pleasant working environment and community building. It is also based upon members’ shared values like community, collaboration, accessibility, openness and sustainability. Such communities have several common areas private offices, community desk space and conference room. Extroverts and creative individuals can find this environment quite suitable for their growth and success. But if you prefer privacy or need to attend phone calls frequently, then you it is not ideal one. It offers networked printing, broadband internet, IT support, free coffee, shared kitchen, white boards, fax/copy/scanning, projectors, networking events. Etc. Rates will vary based upon space usage.
- Executive Suites: These are well equipped and fully furnished offices, managed by highly efficient facilities management company. You can hire out entire floors or individual offices here. It has a professional & traditional atmosphere. Being a startup, you can enjoy popular and impressive addresses without spending a fortune on rent. Having high profile address does help to improve your business credibility and goodwill. It is also a wonderful choice to open up branch offices. Features offered are catering, reception, conference room, training & meeting room, courier services, etc. You can also avail business equipments like telecommunications, printers, copiers, Wi-Fi, broadband, kitchen facilities, etc. Additional services may cost extra amount, which can be a fraction of full time, permanent services. When compared to typical office space, rent is much lower as it is shared.
Hence, knowing your options will help you to Find Coworking Spaces that will benefit your business.