Monday July 24, 2017
Are you running a small business, and don’t want to spend a bomb on office rent? Here are the benefits of co-working spaces, and how it can help your small business in Malaysia.
You Save
Firstly, renting an office space can be expensive. Then there will be the maintenance fees and other costs, such as paying for the electricity bills, internet bills and more. With a co-working space, you only pay once, which is usually the cost of getting access to the space with internet and everything else set up for you. Then, you won’t have to worry about making sure you pay all the bills on time.
You Have More Time to Focus
Co-working spaces can help small business operators to be more efficient and focus on the bigger picture. A small business is usually still growing, and therefore needs more time and attention. Without having to worry about fixing a problem that is essential to your work, like internet connection problems or a broken printer. This means you’ll have more time to come up with plans of growing your business so it can reach greater heights.
It Is Scalable
As discussed earlier, a small business is still growing, and there may be a lot of changes happening. For example, you may have 2 people working in the business, then the following month it’s 10 people, but the number may reduce again the next month. If you were to rent an office space, you may be stuck with a huge office with just 2 employees. It would be difficult to be certain of the space you actually need as things may still be constantly changing. Therefore, co-working spaces allow you to scale up or down easier and is more flexible.
Networking Opportunities
When working at co-working spaces, you will also be working alongside other people and small business. So this can open up opportunities for future collaborations, or if not, it can help you to expand your network. No man is an island, which makes networking an important element of business, even more so for small businesses. Furthermore, small business owners usually wear many hats and do many tasks at any one time. So, there will rarely be time left for them to go out to mingle and grow their network. Co-working space offers this to small business owners, without having to leave their working space. The co-working environment also gives the opportunity to spread the word about your brand.
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