Coworking provides small businesses with a range of benefits, both quantifiable and otherwise. As the most disruptive thing to happen to office work since—arguably—the dreaded cubicle, the success of coworking can be attributed to many things:
Coworking facilitates collaboration
Innovation is the product of energy. Energy builds when highly motivated people work in proximity to each other. When people come together, their combined energy results in great things. The open-concept design of coworking spaces is tailor-made for collaboration; consequentially, innovation will ensue.
Coworking is flexible and scalable
Many companies today depend on remote workers and technical talent that does not necessarily live in the same city. With a scalable or occasional workforce, maintaining a traditional office would be a waste of space. A coworking space accommodates single workers, small groups, or larger teams – all according to what you need on any given day.
Coworking reduces startup costs and helps new companies become profitable sooner
Starting a new company is both expensive and time-consuming. Finding a location, leasing an office, buying office equipment, opening utility accounts, hiring staff – by the time it’s all said and done, months have gone by, and you haven’t even made a sale.
Coworking eliminates all of these issues. Instead of a costly lease, you pay a low monthly membership fee. You have access to state-of-the-art office and networking technology, and you’ll never have to update or worry about upgrading. You won’t have the ongoing payroll expense of admin support, but you can get help anytime you need it on a pay-as-you-go basis.
Best of all, you’ll be able to get down to business immediately because you won’t have to worry about any of these details. You’ll be building your business instead of tapping its resources – and that’s money you can put back into the company for marketing, a fancy new mobile app, or whatever you need to delight your customers.
Coworking encourages networking and helps new businesses grow
Networking is an activity vital to any new business. Whether you’re connecting with other business owners in the community, peers in your industry, or like-minded individuals who, just like you, are motivated to get the most out of a coworking environment.
Coworking is a hotbed of freelance talent; copywriters, graphic designers, attorneys, web designers, you name it, they’re here. When networking with your fellow coworkers, you might just meet somebody whose skills or experience would benefit you – or someone who needs your services and expertise.
Additionally, My Annapolis Office hosts regular networking events for our members, giving you the opportunity to make new connections and gain visibility in the business community. Plan to attend and make the most of it!
In conclusion, if you are a small business, there is no better way to work than investing in a coworking membership. You can easily save thousands of dollars, gain new business, and connect with like-minded others in the process.
Drop by for a tour today and learn more about what a coworking membership can do for you.