A co-working space refers to an office space that you can lease for an hour, daily, weekly, or a month. Every space except for the lavatory is leasable from the tables, meeting rooms, and so on. Its ideal for individual contractors and small companies to use since it relieves them of the hassle of getting a property that they can’t afford yet. It has become pretty popular these days since its a solution to the problems of most people. Check out the best co-working space Hong Kong here.
Problems, like not having an office space and working from home, is not feasible. It provides a solution to the space problems that small companies and individual contractors have and for people that don’t want to be hassled with anything that goes around managing a physical office space because for a cheaper cost they can already have a coworking space. The only thing is that its a public space. But what are the other benefits of a coworking space?
The savings: When you go for a co-working space you get instant savings and you don’t have to worry about a ton of clothing in running a business. Giving you only the essentials that you need to worry about like your business and nothing more. Below are the things that businesses are managing when they get their own physical space:
- Building permit
- Fire safety certificate
- Maintenance staff
- Front desk
- Tables
- Chairs
- \wirings
- HVAC systems
- Air Conditioning
- Flooring
- Partitions
- renovations and repair
- Paint Jobs
- Fire drills and earthquake drills
- Property rent
- Property tax
- Security
- Security cameras
- Bills
- Insurance
- TKS (timekeeping system)
And many many more
The collaboration opportunities: Since the space is common and open for sharing with various people that will come and use the space, there is an opportunity for collaboration. This is a good thing because one doesn’t need to find various professionals elsewhere because that can be found in the common space. Aside from that, there can be a potentially good relationship between future successful comp[anies.
Less risky: Going into a coworking is less risky since the foundation and everything is laid out for you. The only things that you need to bring are your people and your gear. Whenever you go for an office space you don’t just manage your people and manage the property, you also have the liability pon the office space that you’re using. Another thing that you need to worry about. If you don’t want to worry about it that much you can hire additional people to manage it which will incur you more costs in the process.
Co-working spaces are a hit because they provide a solution to the problems of having space. As more businesses and professionals are becoming more flexible, they soon realize that you don’t necessarily have to have an office space of your own in order to function. Sometimes going for a working space makes sense since its cheaper and has a ton of benefits as well with less hassle and less liability. For the best co-working serviced office Singapore, visit the link.
