Traditional offices are not your only option when considering workspace anymore. In the past, running a business meant having an office. Leasing an office space is a huge expense and a long commitment which presents a barrier to entry for most businesses. The cost of having a private office at a suitable location affects every business decision from hiring to product development. This is no longer the case.

Business models have changed and the workplace has changed along with them. Operating with a distributed workforce is the new normal. That’s why so many businesses have turned to coworking spaces to significantly reduce their costs and allow more revenue to pass through into profits. Coworking spaces open up cash flow by costing much less than a traditional lease for a private office and saves business owners the time and hassle of securing a lease and building out space that fits their needs. 

Placing new employees in a coworking space also allows you to be more flexible. You can grow at your own pace and have the freedom to scale up or down as needed. Utilities, coffee, internet connection, etc are all included in the membership fee at coworking spaces. These various services really add up and can result in huge savings when working out of a coworking space.

There are other benefits besides cost savings to placing your new hire in a coworking space. Coworking spaces attract a community of like-minded workers where collaborations thrive and new connections are made daily. Think of it as a permanent innovation incubator, where the enterprises of tomorrow are born and serendipity is a way of life. There are also several different membership options available at most coworking spaces to suit your needs and budget. Everything from part-time coworking to dedicated desks and private offices are usually available. 

If you are looking to explore how coworking can contribute to the success of your business while reducing your operating costs, contact Outlet Coworking to schedule a tour and find out more about our membership options.

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