Co-working spaces are exploding as a workplace alternative for freelancers and startups. In the entire world, there are 35,000 flexible workspaces. They represent 521 million square feet of working space.
Currently, the global co-working space is worth $26 billion. Experts forecast that by 2022, the co-working space will grow by 6% in the US and 13% worldwide. As a business owner, it is imperative that you choose the right space based on your needs.
In this post, we highlight how to choose a co-working space that suits your business.
1. Choose the Right Location
Want to ensure that your clients have a great first impression? Choose the right location. By doing so, you provide a conducive meeting place where your clients can engage with you.
For instance, if the office is in a prime location, it means you have access to high-end restaurants. After your meeting, you can entertain your clients at the restaurant for lunch or dinner. By doing so, you get to learn secrets that will help you stay ahead of your competition.
Also, socializing in a relaxed atmosphere improves service delivery. If you are meeting a prospect, choose a location that is quiet and away from the hustle and bustle of the city.
2. Easy to Commute
In 2016, the average American worker spent 26 minutes to travel to work. Today, the average commute has gotten much longer. Want to get rid of the frustration of long hours in the traffic jam?
Find a location that is easy to commute to. By doing so, you will experience increased productivity in your business.
3. Good Internet Connection
When it comes to how to choose a co-working space, find the best co-working spaces with a good internet connection. Today, no business can survive without a good internet connection. First, it is useful for providing support to your customers via social media.
Second, it allows you to communicate via video conferencing. Third, it improves internal communication and service delivery.
4. Find out What Amenities Are Available
When it comes to amenities at a co-working space, this is what you should look for. Does it offer caffeinated and non-caffeinated beverages? Do they have a culinary concierge who can make tasty treats?
Do they offer many access control methods? How about sit to stand desks, printing, phone and meeting rooms? The best workplace should also offer wellness rooms and great support staff.
5. Cost Effective
When choosing a co-working space, find a space that offers all the above and its cost effective. As a startup, you have limited resources. This means you don’t have funds to splurge on expensive offices.
To find the right workplace and save, compare various spaces in the city. Make sure that you choose a space that fits your budget perfectly.
Picking a Co-Working Space for Your Business
There are more factors to consider when it comes to choosing a co-working space for your startup. Consider the tenants, community events, ease of expansion, and culture. Once you find the right space, take a look at the contract carefully.
This helps you find out any hidden agendas such as hidden fees that might dinge your budget.
Are you a small business owner in search of creative co-working space that accommodates your needs? We at LaunchHouse can help. Contact us today and save.