New Zealand’s business environment has been complemented by coworking’s versatile work format. Your average coworking space in Auckland, for example, caters to a variety of industries and has doubled in the last few years. More significantly, the office format has moved beyond just helping struggling start-ups, but larger businesses also see the value in this flexible workspace.
Smaller businesses, though, benefit from the coworking space in terms of how much they save on a monthly basis and the types of amenities that are included with each plan. Because businesses only pay for the space they use, they do not have to worry about the costs associated with furnishing an office nor do they have to worry about paying for utilities and other office amenities. Compare one popular coworking space – Servcorp – to see the difference in cost between coworking and leasing a conventional office. However, there are other benefits to your average coworking space.
Let’s take a look at just some of the benefits a coworking space can provide for your small business and help you to reach your potential.
The one major benefit that all professionals get from the coworking space is they have the opportunity to work among professionals from a variety of industries, if the space is not industry-specific. This environment gives you access to a well of resources in terms of the types of industries you might find in the workspace. Techies, graphic artists, and designers work alongside lawyers, financiers, and counsellors making your office an eclectic group of professionals. The coworking space is almost a professional marketplace where information is freely exchanged, and opportunities to work with others abound.
Connections To The Community
The coworking space also provides professionals with a nurturing environment in which small businesses can flourish. One of the reasons this is so is because all true coworking spaces focus on providing members the chance to collaborate. By holding workshops and other types of events, your c-space can be the catalyst to helping you establish your business, and for the small business, these connections can be the foundation of growth.
This whole idea of community is important in establishing networking opportunities, which ultimately lead to the chance to work in teams. Collaboration is the pinnacle in the coworking space because it raises your business’s profile in the coworking community and gives you a chance to learn about other industries. Ultimately, though, the coworking space can help generate business.
Access To Resources
The great advantage that coworking professionals have over others is that they have access to a variety of resources. In the space itself, professionals can find mentors, all who can help traverse the business climate. The community itself also is a place that can be a resource for professionals who need help from the greater business community. Mentors and other knowledgeable professionals comprise the fabric of these offices and can help you with your business’s needs.
Proximity To Prestigious Areas
The coworking space places businesses close to the downtown CBD. Typically, renting space in the CBD would be costly, especially for smaller businesses with limited budgets. However, the coworking space, because of its affordability, can place businesses closer to areas in the city where they can help their own businesses. Foot traffic, dining establishments, shopping centres, and transit are all sources of business, and the closer you can get to downtown the more likely you can benefit from working in this area.
Maximising The coworking space
Small businesses can gain the advantage from all of these benefits simply because all of these tools are integral to business growth. Furthermore, the coworking space gives small businesses the advantage of working in a community that doubles as network of resources. Finally, small businesses benefit from cost-effective office space that allows you to work, network, and collaborate.