Tue Nov 15 2022
A great workspace paves the path towards unmatched innovation, creativity, and productivity. It plays a crucial role in steering a business towards success. But today, as we are still in the process of overcoming the deadly pandemic, traditional workspaces have become stagnant. People are adapting to various other methods with co-working spaces being one of them.
While co-working spaces have been around for a very long time, they have started gaining the popularity they deserve only recently. Intrigued to know more about coworking vs. traditional office? Well, we are here with seven reasons why a coworking space is better than a traditional office.
The first major difference between when it comes to coworking vs. traditional office is that a co-working space offers you the best of infrastructure and amenities at a substantially cheaper price. For instance, let’s say you are a small start-up. So, if you were to invest in an office, the space would be smaller and you might give additional amenities a pass as you don’t have the luxury to spend a lot on infrastructure when there are other major expenditures to take care of. However, that’s not the case with a co-working space.
When you choose a co-working space, they offer everyone a standard set of amenities that can be described as more than workspace essentials. This includes; 24*7 access High-speed internet Cafeteria and kitchens Meeting and conference room Printers and fax machine Recreational parks, gyms, and more Aesthetic environment
While there can be pros and cons of coworking, less overhead costs is a significant benefit that can elevate the profit margin of your business. This is because people save money by sharing business spaces. And this can enable you to use the budget wisely and make the most of it.
When you opt for a traditional office, of course, it comes with its own set of pros and cons of traditional office. However, one main disadvantage is that you end up paying more and also get stuck with a long-term lease. With co-working spaces, you can renew your membership, weekly, monthly or just use them whenever you need them.
When it comes to coworking vs. traditional office, co-working space offers you flexibility, which means, you can choose the timings you are comfortable with. This leads to more creativity and greater productivity. With a co-working space, professionals can opt for private desks, hot desks or more depending on their work and necessities. They don’t have to adhere to the 9-5 rule as co-working spaces are accessible 24*7. A cafe or kitchen is available for a cup of coffee to refresh yourself.
When you choose a co-working space, you are also choosing something that offers you a myriad of opportunities to collaborate and network with like-minded individuals. From freelancers to seasoned entrepreneurs, you will find them all. So, it helps you grow too.
One of the advantages of a co-working space is that it is always located in a prime locality. This can be a major turning point for your business. And if you are especially starting out now, choosing a prime locality means a hefty rent, which you can easily avoid with a co-working space.
Usually, with traditional office spaces, you will have to shell out monthly maintenance charges. And if anything goes wrong, let’s say, the printer stops working, you spend it on any and every repair. However, that’s not the case with a co-working space. All you need to do is pay your membership fee and you are good to go!
Now, you know why more and more people are turning towards co-working spaces. It is because of all the substantial advantages it offers. If you are looking for the best co-working space in Hong Kong, you will not go wrong with flexfinder.
FlexFinder provides a one stop platform, to Search, Enquire & Compare between the best co- working spaces available in the region. Combined with expert advice in transacting and negotiating contracts thus leaving nothing to chance.