Coworking Spaces For Small Business Owners And Entrepreneurs



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  • Located in the mountains of South Lake Tahoe, California, this coworking space offers both shared and private office space outfitted with the necessary technology for entrepreneurs and freelancers. The space has a variety of different plans to fit different needs, from a one-day pass for $25 to full-time, private offices for over $500 per month.
  • Situated in the basement of Somerset House, Makerversity is a practical space for creating with co-working spaces attached to it. It’s well-suited to designers, engineers, entrepreneurs, technologists, inventors, craftspeople, technicians and artists.

Coworking spaces are used by a community of freelancers, entrepreneurs, and small businesses, so there are plenty of networking opportunities with people who are also trying to build a business. Dossey said: “What I love about coworking is the access to all the experiences other companies are having.

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Coworking spaces provide small businesses, independent contractors and other workers a space to work, network and participate in the local business community.

Coworking spaces provide small businesses, independent contractors and other workers a space to get work done, network and participate in their local business community.

What was relatively an unknown concept 10 years ago, coworking spaces have transformed the way the modern worker interacts with the business world. Currently, there are about 17,000 coworking spaces across the world, which means understanding the benefits that come along with using them is essential to planning your business’s success.

Coworking Spaces For Small Business Owners And Entrepreneurs

[Read: Need a New Office? Tips for Finding the Perfect Space]

Benefits of a coworking space

From meeting other business professionals to collaborating on independent projects, coworking spaces can be a shared location where people with varying business ideas can get together and learn from one another. Joining a coworking space means pursuing a new opportunity and participating in a community of business professionalism.

While there are countless benefits, the following six are essential for any small business owner considering a move.

More networking opportunity

One of the biggest benefits of a coworking space is the opportunity to connect with other individuals. If you’re working in a home office or independent office, you could be robbing yourself of the important connections needed to drive your business forward. Sometimes, the only thing a small business is missing is the spark that proximity to other successful business owners can bring.

Spaces

Increased productivity

This is especially true for small business owners working out of a home office. When we’re at home, it can be easy to get distracted. Kids need attention, the house needs to be cleaned or maintained and special projects can constantly crop up in our minds. By going to another space, you can solidify a “work mode” that can increase productivity. Many coworking spaces are accessible 24/7, so you don’t have to worry about when you need to get something done.

Coworking spaces expose you to chance and opportunity.

Boost in creativity

By working with other individuals and exposing yourself to new perspectives, coworking spaces can provide bursts of creativity. Sometimes, switching spaces and heading to a new office can allow you to refresh your mind and consider alternative solutions to business problems.

Collaboration opportunities

This benefit goes hand-in-hand with networking. Coworking spaces expose you to chance and opportunity. Who knows where a casual conversation may lead? Working in proximity to others allows quick collaboration to occur. Next thing you know, you could be hiring someone new.

[Read: Cashing in on the Anti-Open Workspace Movement]

Cost-efficiency

If you’re renting an office, there are a host of extra costs you may have to deal with — especially if your employees are looking for perks like free coffee, snacks and (occasionally) alcohol. Coworking spaces come equipped with perks like these all at one monthly rate. They also come with many built-in business services, like business mail, that can save you money in the long run. It’s important to consider what features you need before choosing the right space for your business. Cost-efficiency could be a crucial benefit to small businesses locked into leases that are too expensive.

Greater flexibility

Coworking Spaces For Small Business Owners And Entrepreneurs Association

Many coworking spaces offer very flexible agreements. If, for some reason, you need to cancel your membership, there are usually flexible options to do so. This makes it an ideal business service to try out and see how you like it. If you have a good experience, you’re set. If not, there’s no harm in canceling your membership.

Coworking spaces allow you to get out of your own bubble: By exposing you and your employees to new perspectives, you can build a better business. A comfortable and efficient workspace is essential to any business’s success. While there are many benefits, choosing the right coworking space can be difficult. It’s important to review our guide for how to choose the right coworking space for your business before weighing your options.

CO— aims to bring you inspiration from leading respected experts. However, before making any business decision, you should consult a professional who can advise you based on your individual situation.

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If you’ve ever thought about working in a co-working space as an entrepreneur, there’s a number of excellent advantages that you can enjoy by choosing one of these office spaces for your business.

If you’re self-employed, a contractor, or are just starting up a new business, a co-working space gives you the option of having a workspace that’s ready to operate from day one. You just need to pay a flexible fee for your rental and then you can access all of the facilities that you would in a complete office buildout.

Coworking Spaces For Small Business Owners And Entrepreneurs Organization

A coworking space is far better than traditional renting for an entrepreneur. Many business leases require you to sign up for at least two years with a hefty deposit. With co-working spaces you pay a simple monthly fee and the entire workspace is more like a club membership rather than a long-term commitment. For the membership fee you will get an all-inclusive experience that includes your desk space, full amenities of the building, premium real estate and extra membership benefits like 24-hour access, secure parking, specialty coffees, snacks and more.

What makes co-working spaces so popular for entrepreneurs is that they are the perfect place to collaborate. Going into a co-working space is a wonderful opportunity for entrepreneurs that are trying to find new clients, expand their business with skilled employees, or find local business partners that they can work with. The valuable contacts and skills that can be accessed in these environments are indispensable for fresh entrepreneurs.

If you’re interested in working in a co-working space, contact our staff today. We can ensure that the process of getting started in a co-working space will be simplified with our membership options.

This post was written by Tara Kintz. Tara is a director at https://www.signatureworkspace.com. Signature Workspace, owned and operated by Cantor Fund Management, offers services and amenities such as private offices, flex space, co-working space, virtual offices, meeting/conference rooms, and more.