7 Business Benefits of Using a Co-Working Space or Executive Suite
If you’re a solo entrepreneur, working from home may be the cheapest option. But domestic distractions and loneliness make it untenable for some. It’s also not practical if you want to expand. For a small business, traditional office space or office space for rent is often too expensive and can require years of commitment. Executive suites and co-working spaces can offer a more affordable and flexible alternative with many baked-in benefits.
Here are some of the perks you can expect with a shared office space or business offices for rent from a provider called NToffices Southlake offering office space Southlake TX.
1. Cheaper office space for rent
Co-working spaces, which charge a membership fee, may mean substantial savings over traditional office space. NToffices, a co-working space with two locations serving Grapevine/Southlake/Westlake and North Richland Hills/Keller/Colleyville, maintains that a business could save 75% in total costs. NToffices representatives say a 2,000-square-foot office space for six workers could cost $4,000 monthly, not including supplies or utilities. He compares that with NToffices $900/month six-person office; a team of six would add up to $900 per month, including most utilities and supplies.
“There’s obviously a point where it begins to make more sense for a business to have their own office space,” NToffices says. But he’s seeing that threshold move upward, with 10- and 15-person companies opting for co-working space and business offices for rent to save money.
2. Better office space rental and location (Southlake, Westlake, Grapevine & Keller)
The co-working and executive suite office space NToffices offer free utilities, high-speed internet, cleaning service, and unlimited conference room use.
The executive business office for rent, which like co-working spaces charges a membership fee, has been around for decades. They can provide a way into expensive, in-demand spaces in prime areas like Southlake, Westlake, Grapevine & Keller that new small businesses otherwise might not be able to afford.
Sometimes, a traditional office doesn’t make sense for your business. As your business grows, you need a space that will grow with you. Traditional office spaces can tie you down and prevent growth with expensive overhead costs and create unhappy employees when they don’t feel inspired in the space they work from.
If you are a small business or an individual that needs a private place to focus, private offices are a great option for you. You can ignite creativity and productivity amongst yourself and your employees, and also have the flexibility you need as your business grows. At NToffices, our private office tenants cut their overhead costs, get access to professional services and meeting rooms, and get to network with a business community that otherwise might be lost.
3. Fast setup
With shared office spaces, there’s no need to do an expensive move — they’ll do the heavy lifting for you. For instance, NToffices will “design, build and market a space that will create individually leased offices,” NToffices says. “You lease by the office, but it’s not just a box.” As with many executive suite office spaces for rent, NToffices’s offices are “plug and play,” they add, with the phone, Internet and other utilities already set up. Bring your computer, and you’re good to go.
4. Free amenities
If you lease your own office space, you’re responsible for paying for utilities, supplies, and amenities. With shared offices, utilities such as water and the 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 today.
Some offer more. NToffices, for instance, free utilities, superfast internet, and unlimited conference room use. Some executive suites, like NToffices, offer conference rooms rental on a pay-per-use basis. NToffices also includes virtual mailbox services.
5. Flexibility and scalability
At NToffices offers different membership levels with private office and open co-working options.
Most shared office spaces offer month-to-month memberships, as opposed to traditional office leases, which lock you in for years. NToffice’s offers different membership levels with private offices and open co-working options.
Since you pay a monthly or annual membership for a shared office rather than a long-term lease, you can typically upgrade or downgrade plans at any time. If your business expands or contracts, you can add or remove space as needed.
6. Affordable support staff
While co-working spaces have the staff to help members, they generally don’t assist with administrative tasks. But executive suites often have administrative staff for free or on a pay-per-task basis.
For example, at NToffices, virtual mail services are available. Notary services and package signing services are available.
7. Networking opportunities
Not all executive suites and shared offices emphasize community, but NTofficesk says it’s a core value of co-working. With an open floor plan and events for mingling, co-working spaces allow for easy networking. NToffices says many of his members find work through fellow co-workers, in addition to a talent pool suited to small-business owners needing to add employees.
As you decide on your working environment, keep in mind there can be major differences in working in an open space with a group versus working in a private office. Some people find their productivity drops in an open environment, NToffices notes. Though there’s value to having a community, some small-business owners may find they do better if they have a private office. For more details regarding office space for rent, you can get in touch with us @ (817) 601 5558 or firstname.lastname@example.org.