Co-working spaces may never replace traditional work spaces entirely, but they are proving to be an essential, offering flexibility in budgeting as well as whole new options for workforce management. If you’re evaluating whether your business should opt for a co-working space, here are seven tips from StartupHuts to help narrow down the decision.
Originally developed to cater to startups, the best co-working model provides great flexibility for different workforce needs. For example, some companies are getting rid of their leased work spaces entirely, while other companies are now offering coworking as a perk for their highly-mobile and increasingly disparate workforce. The short-term nature of coworkspace leases means the business can stay nimble, while providing the ability to add or subtract as needs change over time.
The predictability of choosing a co-working space is reassuring. Nowadays, you should be able to find a space with upfront and tiered pricing that clearly outlines basic pricing, services, and amenities such as food/kitchen/café, mail and shipping, etc. When doing your diligence, ask about the offerings you’re most interested in, but also about additional options you may not have considered, such as availability of flex work space for out-of-town visitors.
The total cost per employee should get you excited. There’s rent, of course, but this also includes expenses related to brokers, deposits, build-outs, moving, infrastructure, furnishings, utilities, and everything else. When looking at the total cost per desk per employee, flexible workspace options can make a huge and direct impact on your bottom line. This is particularly true if you can access a space that offers members some type of pay-for-usage-only. Keep your eyes out for single-day use passes, with flexible space options for temporary office space that meet short-term or long-term needs, and where you pay only for time used each time on site.
Quality is always an important consideration. Cheaper is rarely better, and you should expect high-quality, ergonomic furnishings. Make sure to closely inspect this; it’s something that can be easily overlooked in the rush of a busy site tour. Co-workspaces may look the same on the surface, but if you’ve bought a house or car, you know the cheapest option is rarely the best choice. That’s not to say that you always get what you pay for. There are high-end co-workspaces that are not right for some businesses, and low-end offerings that are perfect for others. Know what you need and don’t settle for anything less. The ROI on paying for the right level of quality is immeasurable but impossible to ignore.
Finally, when evaluating a coworking space your best is to visit the www.startuphuts.com This lets you get a sense for the culture of the specific space, but it also lets you ask probing questions to see if it’s right for your business.