With the high number of startups in the world (more than 27 million in the US alone), competition is increasing rapidly.
In order to remain competitive and win, startups need to be streamlined in their business processes. This means then, first of all, that they need to cut back on as many expenses as possible.
One way for startups to stay ahead of the pack and not lose any core processes is by moving their entire startup team to a coworking space. Coworking spaces are great locations for short-term rent on office or desk space. In fact, you can rent it by day in some places, although many offer monthly subscriptions.
Let’s look today at some of the most important reasons why you should move your startup to coworking spaces today.
Cut expenses
Of course, the biggest benefit of coworkng spaces is that you’ll be able to reduce your overhead costs quite a bit.
Because there is no long-term lease that you’ll need to sign, you’re free to do whatever you want with your money. You can decide to move into a smaller or larger coworking on a monthly or even weekly basis.
That means that if you need more space (and have the money) upgrade! If you are going through a rough patch, you can downgrade to a smaller space or even just a hot desk (non-permanent desk).
The choice is truly yours, which means you can feel more secure with your finances.
Network
One fantastic thing about coworking spaces is that there are lots of great opportunities for networking. Because the other people sharing the space are most likely startups, you are in a perfect environment for idea creation and motivation.
Even better than that, instead of just inspiration, you can find amazing collaboration opportunities. If you need some web design services, you can trade your own, for example, SEO services. No money has to be exchanged, so you’ll pay just by services. It’s a great way to spend nothing (but some time) and get back a lot of value.
Educate yourself
Finally, a lot of coworking spaces have many perks and features that are great not just as a rental space, but also as an education space.
These features can include the basic copying and printing, coffee, and even breakfast. However, they can also include such things as yoga and gym lessons (probably for the monthly subscription/members).
Some coworking spaces also offer free educational courses, such as group trainings for new processes, conferences, and even demonstration. The latter is especially true for coworking spaces focuses on the tech industry.
Get coworking today
These are of course only some of the many amazing features that you can find in coworking spaces. While there are some downsides to coworking (for example, expect a bit of noise all the time), the upsides more than overcome them.
If you enjoy working with people, saving money, getting inspired and getting great benefits, there’s no reason you shouldn’t move into a coworking space starting today.
