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Is Shared Office Space Right For Your New Business?

Is Shared Office Space Right For Your New Business?

Most company owners would never consider sharing their office with someone else. They want their space that can be used however they see fit. However, if you have started a new business, you probably don’t have a lot of extra money to spend on rent or to buy a building, making it harder to stay afloat in the corporate world. Therefore, shared spaces could help you until you can afford something more luxurious.

Not For Everyone

Some entrepreneurs just can’t get away from the thought of having their personal space—something they can call their own. However, it could still be helpful to share offices with someone else until you get on your feet financially. You can always try it out for a month or so, to see if it will work for you. If not, you can leave and find something else.

Sharing Builds Character

Sharing can be annoying sometimes. Those with siblings will likely remember having to share toys, books and even clothing. However, it can be nice to have someone along for the ride, because you can use them to your advantage, just as they can use you. You can bounce ideas off each other and have someone to help pay for expenses. Things can get expensive fast when you have a new business, and shared office space can ensure that someone else helps with the bills. This can include utilities, Internet services and others. You’ll also be sharing kitchens/break rooms and bathrooms, which means you can take turns cleaning and save even more money because you don’t have to hire a cleaner.

Fast

If you need a place soon, you may not be able to rent your own or buy something. The process can take months to finalise while you’re stuck without a place to call your company home. Sharing doesn’t necessarily have to be for an extended period, but you may find it comfortable after a while and not want to leave.

Trust

You will need to have deep trust for whoever you allow in your space, or for whoever allows you into theirs. If you are similar companies, selling the same services or products, it can be tougher because you may be worried about them stealing your work. Therefore, it may be better to share a place with someone in an entirely different niche.

If you are asking is shared office space right for your new business, you aren’t alone. Many people are considering it and wondering if it’s possible. Visit Corporate House now to see what they have available.

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