Congratulations if you’ve decided or are contemplating scaling up your business! But wait, along with advancing your operation, there are several factors for you to work with, including how you will manage your funds effectively while expanding your office, the type of space you require, keeping your brand identity intact, and more!
A coworking space is an excellent option in this case! Coworking spaces provide startups and rapidly developing businesses with plenty of opportunities, support, and space to grow. Work in an ecosystem that stimulates growth, knowledge and exploring new avenues.
Leverage The Flexibility Of Coworking Spaces
First off, coworking spaces are designed to help you flexibly scale up. As your business expands, keep adding space continually as per your growing staff requirements. The range of zones or spaces inside a coworking space can help you effortlessly prepare for growth without binding yourself to an expensive and rigid lease.
As you keep growing in business, you’ll have a better idea about planning your requirements reasonably quickly, as long as you’ve chosen the correct space.
Ensure to speak to your coworking space provider regarding scaling up your spacing prerequisites and what that process might involve.
Coworking spaces can prove to be a cost-efficient choice as you’re expanding as a business, but you should budget ahead for your expenses as you grow, as with any office space.
Coworking Space As A Recruiting Tool
When you begin scaling up, you’ll need to start hiring more people and look at attracting the most skilled talent in your field. The right coworking space can act as a great recruitment tool by appealing as contemporary to potential employees.
In addition, studies show that employees who thrive at what they do and the atmosphere in which they work have very high morale and are more inclined to work in that job for a longer time. Many surveys have concluded that workers are increasingly social and happy when working at a coworking space.
Finally, coworking spaces present employees with more control over their work hours by using these flexible shared spaces.
Maximise Networking And Partnering Opportunities
Coworking spaces are home to exceptional networking and partnership possibilities. As your business begins to scale, you will need to develop and create pathways to build your network. This network encompasses potential partners, customers, and a more comprehensive community beyond just your team. These fruitful associations help enhance your business opportunities, enrich the company’s culture and everyday working experience.
As a business looking to scale, look for community-inspired ways to build partnerships through cross-selling opportunities to complement products or services, such as partnered promotional events.
Take a proactive approach towards other businesses in the same coworking space and reaching out if you see an excellent chance to partner with another fellow businessman.
Community events are another great way to start getting involved in your coworking space. Networking meets, investor pitches, social nights, and other frequent community events can be excellent opportunities to elevate your business profile and meet like-minded professionals that can boost your business growth. In addition, community events can heighten the organization’s culture of togetherness, making your team feel like they belong to a broader community.
A New Hub Of Clients
Entering a coworking space presents much potential clientele anticipating a pitch from you regarding a great product or service. This helps to scale your business at a coworking workspace as well quickly. This could happen in two possible ways:
i) Pitching To Potential Clients – The beauty of a coworking office space is grounded in the notion of coworkers communicating and socializing with each other professionally. This works as an ice-breaker for many professionals who cannot do the same at a conventional workspace or even a coffee shop.
ii) Service Exchange – A seemingly ordinary chit-chat over the watercooler with a coworker may turn into a memorable conversation about skills, funding, hiring of services with one another. The exchange of services and ideas makes coworking spaces extremely powerful for professionals looking to advance in their careers.
A coworking workspace can be the launchpad to helping you grow exponentially! From employees, partners, business mentors to events, a coworking office space marks the perfect place for sky-rocketing growth. Book a tour of Workafella’s fully furnished offices for rent today!