Are you ready to take your home-based business out of your living room and into an office? Moving out of your home offers a lot of great benefits; a professional mailing address, better work / life boundaries and a more professional meeting space for clients. According to Business News Daily, they’ve discovered a variety of causes for this trend. However, there’s still a large market for traditional office spaces. Tech-savvy founders have responded to the growth and are creating large, national databases of office spaces for immediate lease.
Traditional Office Leases Are Expensive, Especially for Start-Ups
When a business is just getting off the ground, cash is usually tight. As a company builds a clientele and begins breaking into the realm of profitability, the necessity for an office becomes incredibly important. Meeting with clients in an office setting allows for greater confidence in your company’s ability to deliver on your promises. After-all, home-based business go out of business all the time. Companies with a legit office have at least enough capital to support their office location.
Co-Offices Are Cheaper and Offer Networking Opportunities
Building a business is difficult. If you’re a sole-proprietor then you’ll face issues resulting from feelings of isolation. This has been described by some as “Sole Founder Depression”. Humans are designed to be social beings. When we isolate ourselves for extended periods of time, negative thoughts can creep in.
Co-Offices Can Keep “Sole Founder Depression” At Bay
For entrepreneurs, working in an office space that’s shared with other people is an excellent way to get out of your bubble. Plus, it forces you to get up and actually get cleaned up in the morning. Be presentable, rock your work, and meet new people. Who knows, the people you share your office with may be your future clients.
Shared Costs
The costs for WiFi, utilities and janitorial services can be split by multiple companies. By sharing costs, the expenses incurred by a start-up are significantly lower than a traditional office. This is great for those pinching pennies. In fact, a shared office can add up to a lot of pennies. Regus, a major supplier of shared and virtual office spaces around the world, advertises that they can give companies a major address at less than 50% of the monthly cost associated with a traditional lease.
Traditional Office Space
For companies that are searching for traditional office space, the search can seem endless. This is one of the reasons a growing number of CEO’s, like Murray Newlands have focused on listing office spaces in a single, easy to use database. Providing executives the information they need in order to make an informed decision about their company’s future has proven to be a lucrative market. Technology makes all of our lives simpler. Today, the founder of a startup can easily search all of the available office space in their area. Then they can compare real numbers with the opportunities offered by co-office space.