5 Reasons Co working Spaces Are Great For Growing Your Business

[Maliha Islam]

5 Reasons Co working Spaces Are Great For Growing Your Business

1. Low start-up cost
Coworking spaces offer freelancers and individual entrepreneurs a chance to work in a fully equipped office without worrying about the costs of setting up an actual office. By getting a shared space, you can operate your business without needing to compute and allocate funds for building rent, fire insurance, office equipment and various other expenses that come with starting a business.

2. Flexibility
It is extremely easy to scale up a shared office space as your team grows. You can tailor your contract to suit a one-person business, a team of two, or a company of five.

3. Central location

By moving your business into a coworking space, you get an address in the heart of the business district, along with 24/7 access to transportation, cafés, gym and even the city’s best shopping.

4. Networking opportunities
Renting space in a shared office means surrounding yourself with goal oriented and high-achieving entrepreneurs and business people. This means every day is an opportunity to network with small business owners, great thinkers, professional freelancers and other entrepreneurs.

Being part of a coworking community means you are surrounded by potential partners, clients, and mentors – giving you the ability to easily outsource to great talents when you need help with specific projects or time-sensitive tasks.

5. Promotes work-life balance
‘All work no play’ is a phenomenon you’ll never experience when in a shared office. Coworking spaces promote work-life balance by providing venues to de-stress and recharge during a day of work.

Aside from weekly social events, health and wellness activities are regularly held for the benefit of its members, such as guided meditation and weekly yoga sessions. Some shared offices, including Hub Australia, have dedicated spaces for meditation, prayer, or even just a timeout.

Source: https://www.hubaustralia.com/5-reasons-why-coworking-spaces-are-great-for-growing-your-business/