If you’re a solo entrepreneur, working from home may seem like the most feasible and cost-effective option. But constant distractions and loneliness make it unideal for some. It’s also not a practical approach if your aim is to grow your business and hire more people.
So what is the best alternative? Traditional office space is too expensive and may require years of commitment. On the other hand, coworking spaces can provide a more affordable and flexible alternative with several crucial benefits.
Here are some of the benefits you can expect by working at a coworking space:
1. Cost friendly Office Space
Coworking spaces charge a membership fees which is significantly lower than the rent you’d have to pay for a traditional office space. Workstations, office cabins, cafeteria, conference rooms, and 24/7 access are almost always included in the price. IndiQube even provides transport services and wellbeing features such as health and wellness centres, gyms, doctors-on-call, sick bays, etc.
2. Fast and Easy Setup
With shared office spaces, there’s no need to do an expensive move, they’ll do it for you. For instance, IndiQube’s offices are “plug and play” with phone, internet and other utilities already set up. Bring your laptop, and you’re good to go.
3. Better Office Space and Location
Shared working spaces provide a way into in-demand spaces in prime areas that solo entrepreneurs may not be able to afford. This gives the small business owners access to the types of offices and locations they’d like to operate out of.
4. Free Amenities
If you decide to rent your own office space, you’re responsible for paying for utilities, supplies, and other amenities. With shared offices, utilities such as water and Internet are included, as are other amenities including coffee and kitchen supplies. This reduces costs and some of the details you have to tackle day to day.
5. Flexibility and Scalability
Most coworking spaces offer monthly lock-ins, as opposed to traditional office spaces, which lock you in for months or even years.
Since you pay a monthly rentals for a shared office instead of a long term lease, you can upgrade or downgrade plans at any time. If your business expands or contracts, you can either look at option of reducing the seats or dedicated shared spaces.
6. Networking Opportunities
Another major benefit of working at a coworking space is that you share your office space with several like-minded entrepreneurs and innovators. The work culture at coworking spaces allow easy networking opportunities.
IndiQube business workspaces offer all the above benefits and more for solo entrepreneurs. Schedule a visit to IndiQube today to learn more about how we can help your business grow.