{"id":319,"date":"2019-04-26T14:51:14","date_gmt":"2019-04-26T14:51:14","guid":{"rendered":"http:\/\/www.unitedfinances.com\/blog\/?p=319"},"modified":"2020-08-05T07:18:21","modified_gmt":"2020-08-05T07:18:21","slug":"how-coworking-spaces-save-your-business-money","status":"publish","type":"post","link":"https:\/\/www.unitedfinances.com\/blog\/how-coworking-spaces-save-your-business-money\/","title":{"rendered":"How Coworking Spaces Save Your Business Money?"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Are you a freelancer, digital nomad, or someone who works from home or caf\u00e9? <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Yes? Well, at some point, a caf\u00e9, garage or home no longer cut as a workspace and coworking space could be your next step.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-large\" src=\"https:\/\/images.unsplash.com\/photo-1522071820081-009f0129c71c?ixlib=rb-1.2.1&amp;auto=format&amp;fit=crop&amp;w=750&amp;q=80\" width=\"750\" height=\"500\" \/><\/p>\n<h2><b>What Is A Coworking Space?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Coworking space is an informal room sharing arrangement where work and businesses are based on the sharing of common ideas between its participants. This space involves both, individuals working independently and collaboratively.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It is a lot more four walls, desks, and a stable internet connection. As you start working there, you interact with like-minded people; enjoy an interactive work environment, have a better work-life balance. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Coworking spaces are becoming popular every day and can be now found all over the world. According to global coworking spaces forecast, the number of these spaces will be over 30,000 in 2022, and members are expected to be around 3.8 million by 2020 and 5.1 million in 2022.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The popularity of these spaces is undeniable. But how does a coworking space benefit you? Does it help you save money and make more revenue, or only space works for you? Continue reading. <\/span><\/p>\n<h2><b>How Shared or Coworking Space Saves You Money?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">While it acts as a necessary foundation to establish your business, here is how it provides you with monetary benefits:<\/span><\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li><b>Coworking Spaces Are Already Furnished<\/b><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">It is no surprise that furnishing an office is expensive. Not only, you have to invest money for it, but a lot of effort is also invested\u00a0in the\u00a0construction work,\u00a0<a href=\"https:\/\/www.iambuilders.com\/articles\/ultimate-guide-to-construction-estimating\/\" target=\"_blank\" rel=\"noopener\">estimating construction jobs<\/a>, moving companies, etc. All of which otherwise are saved by opting for co-working spaces.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">When you leverage a coworking space, arranging chairs, tables, filing cabinets, drawers, and more is not your part of the job. Some space providers even customize the area on your request.<\/span><\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li><b>You Save on Amenities Cost<\/b><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">If compared to the traditional office space, you only pay for the desk space that you need in the entire workspace. All the amenities in the coworking space like break rooms, meeting rooms, and kitchens are communal and work on the model of shared use of resources. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, if you plan to offer coworking space service, the <\/span><a href=\"https:\/\/www.spacie.ca\/p\/on\/ottawa\/office-space\/for-lease\"><span style=\"font-weight: 400;\">office space for rent Ottawa<\/span><\/a><span style=\"font-weight: 400;\"> also works as a great option. A 2018 research published on Building Design + Construction found that 72% of landlords agreed that co-working operators with a strong brand have benefits for their development.<\/span><\/p>\n<p><b>Saves Your Time<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Time is money, and it goes without saying!<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Whether you own a small or medium sized business, startup, or work as a freelancer, the vendor, lease, and network issues will not eat into your time. Neither your pocket!<\/span><\/p>\n<p><b>Provides You with Flexible Spaces<\/b><\/p>\n<p><span style=\"font-weight: 400;\">New startups are not sure when they will grow or need an extended foot area. So, if you rent a larger space, you will end up paying for the entire contract, regardless of your team size.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">But a coworking space takes off this worry. You will only have to pay for the desk space or foot area, which you are going to use initially and the owner will let you use a larger area when your company grows.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Apart from saving you money, other factors that drive its popularity include flexibility in usage of space, economic benefits, networking opportunities, the presence of in-house staff such as administrative team, improved time management, professional setting, and lot more. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">A Harvard Business Review research also found, <\/span><a href=\"https:\/\/hbr.org\/2017\/12\/coworking-is-not-about-workspace-its-about-feeling-less-lonely\"><span style=\"font-weight: 400;\">89% of people<\/span><\/a><span style=\"font-weight: 400;\"> reported that they are happy, since they have joined a workspace.<\/span><\/p>\n<h2><b>Conclusion<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">If we look back, coworking was considered to be a trend, which many of us believe would fade away. But with new benefits emerging every day, it is coming up as a global phenomenon. They are giving independent businesses a whole new innovative work-life approach and owners are also adapting it. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">With this, we can say that coworking spaces are here to stay, and its growth possibilities are endless.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Are you a freelancer, digital nomad, or someone who works from home or caf\u00e9? Yes? Well, at some point, a caf\u00e9, garage or home no longer cut as a workspace and coworking space could be your next step. What Is A Coworking Space? Coworking space is an informal room sharing arrangement where work and businesses &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.unitedfinances.com\/blog\/how-coworking-spaces-save-your-business-money\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;How Coworking Spaces Save Your Business Money?&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.unitedfinances.com\/blog\/wp-json\/wp\/v2\/posts\/319"}],"collection":[{"href":"https:\/\/www.unitedfinances.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.unitedfinances.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.unitedfinances.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.unitedfinances.com\/blog\/wp-json\/wp\/v2\/comments?post=319"}],"version-history":[{"count":3,"href":"https:\/\/www.unitedfinances.com\/blog\/wp-json\/wp\/v2\/posts\/319\/revisions"}],"predecessor-version":[{"id":1144,"href":"https:\/\/www.unitedfinances.com\/blog\/wp-json\/wp\/v2\/posts\/319\/revisions\/1144"}],"wp:attachment":[{"href":"https:\/\/www.unitedfinances.com\/blog\/wp-json\/wp\/v2\/media?parent=319"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.unitedfinances.com\/blog\/wp-json\/wp\/v2\/categories?post=319"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.unitedfinances.com\/blog\/wp-json\/wp\/v2\/tags?post=319"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}