Do you have a business idea but feel the need to be in an office setting? A co-working space can help with that. Co-working spaces are not just for freelancers, they are also perfect for small companies looking to build their team, or start a small business. Many startups often work out of co-working spaces because of the collaborative nature of the workspace. People who work in this setting tend to help one another, both with ideas and resources.
The following are factors to consider when renting a co-working space;
1. Price
Co-working spaces are more expensive than offices for the same category of property space, but rent is often paid upfront, allowing you to start working immediately without having to go through the process of finding office space. When looking for a co-working space, it is important to make sure that it suits your business needs and requirements.
2. Location
It is important to do some research on the co-working space in Sydney before signing any contracts. Find out what other businesses are working in the same facility and if they are happy with the location. This will help you find out, whether or not it is a good fit for you. It’s also a good idea to visit the space and meet with a representative before signing any agreement.
3. Space
Are there enough workstations for the number of employees? What is the physical setup of the workspace? How does it compare to other co-working spaces in the area? Does it have a quiet room for teleconferencing and phone calls? Is it big enough to hold events and seminars? Or, is there a common room where you can hold meetings or join teams for group activities?
4. Features/Services
Make sure that you check the features of the space: wireless internet, wired internet, a sound system, a help desk, and any computer networking. These features should be included in the contract to make sure that you are satisfied with what you are getting.
5. Policies & Procedures
Your co-working space should have policies and procedures for your employees to follow. This will help if there is an accident and provide a framework for keeping things organized. Always ensure that the policies are communicated clearly and regularly to ensure that everyone is up-to-date with the latest rules and regulations.
6. Staffing
How does the staff at your co-working space fit with your business? Will they be able to provide the right experience for your company? Make sure that staffing is not too different from what you need in your regular office, as you may end up having to bring staff over from home.
7. Infrastructure
Do the resources at the co-working space fit with your business? If there is not enough help desk, shared PCs, printers, cabinets, and other equipment required by your operation, it can be difficult to operate in a co-working space. A good provider should have several plans for different companies. Is there enough space for new startups? Does it have the infrastructure you need to grow your business?
Co-working spaces are beneficial to new startups because they allow them to work in a collaborative environment, build relationships with other members and get access to the resources they need. By cutting down on the cost of rent, you can focus on your business instead of worrying about how your office will fit into your budget.
