Shared office spaces have really started to grow in popularity among startups and small-medium enterprises. With the price of commodities and real estate going up, many companies are opting to rent office spaces from trusted seat leasing providers rather than having to spend a lot of capital to expand their location. Nonetheless, some professionals remain skeptical about this option. With this in mind, this article debunks some of the most common myths of shared office spaces.
Myth 1: Shared Office Spaces Are Only for Startups and Entrepreneurs
Seat leasing in shared office spaces is great for reducing costs. Yes, but this does not mean only startups are taking advantage of them. After all, the funds saved from expensive overheads go to innovation and improvement. In addition to startups, small-medium enterprises benefit from shared office spaces as well.
Different types of businesses can benefit from shared office spaces as well. From E-commerce to travel agencies and even healthcare companies, each industry can prosper in a shared office space. Its infrastructure is robust enough to handle a variety of businesses.
Myth 2: Shared Office Spaces Do Not Offer Any Privacy
This myth is often associated with shared office spaces due to the open office layout that was made popular by large companies like Google. Some professionals have noted the difficulty in concentrating in an environment teeming with activity left and right. However, the problems associated with open office plans do not always translate to shared offices.
For one, shared offices include a variety of different rooms and facilities for clients. Production may take place on a common room or floor but many vendors also provide meeting rooms and conference rooms for more confidential conversations. Even businesses that deal with sensitive data can benefit from a shared office space since most of these are already practicing regulations which follow global standards for data management.
For startups who are not very familiar with secure data management, having an experienced team can really help support in expanding your business Most shared office spaces have taken the necessary legwork to ensure compliance with privacy requirements. There is also the option to lease closed rooms and manager’s offices for meeting with clients if needed.
Myth 3: Shared Office Spaces Offer Only Basic Workstations
Some people think the offerings included in a shared office space are very basic. Clients get a desk a chair and maybe Wi-Fi. This is very far from the truth. Shared office spaces can also provide the necessary equipment like high-end computers installed with advanced specifications. Clients sharing an office with a trusted provider also get access to the vendor’s IT support team and robust security infrastructure.
Aside from the basic workstations, seat leasing providers also include amenities like a well-stocked pantry, dedicated break rooms and even lockers for clients. Some providers also provide free unlimited coffee which is convenient for employees working late hours or those looking to get their daily dose of caffeine. This makes sure your employees are well taken care of, allowing them to provide superb support for all your customers.
Myth 4: Shared Office Spaces are not Easily Accessible
Location is a very important factor when establishing businesses. For entrepreneurs who have already gotten their business off the ground, they most likely built these on competitive locations that receive a lot of foot traffic from prospective clients. As such, the thoughts of expanding to a different location altogether once the business grows could seem counterproductive.
Fortunately, this is not the case. Many shared offices are in highly competitive locations as well. Central business districts play host to a lot of shared office spaces as these districts are in near proximity to amenities like restaurants, shopping malls and of course, transportation terminals. Shared offices in prime places are also good satellite locations for established businesses.
Myth 5: Shared Office Spaces are Expensive
Seat leasing is not as expensive as most entrepreneurs might think. It is actually affordable, especially compared to the cost of acquiring their own space. In addition to securing land or office space in a building and the necessary permits, they must also shell out funds for equipment purchases and the necessary maintenance. For companies looking to rent a traditional office, leases tend to require long time commitment that ranges from three of five years. Most small businesses may not be ready to commit to this financially.
In a shared office, the vendor has already taken care of these variables. Businesses can secure just the exact number of seats they need in order to operate and later, scale up or scale down as needed. Equipment can be provided by the vendor along with the necessary support and help desk. These factors make seat leasing a cost-effective option overall.
Seat leasing providers may also run deals and promos depending on the season. This makes it even more possible to secure good seats at more affordable rates. It pays to keep an eye out for these deals in order to determine the best time to expand into a competitive shared office space.