In running a home-based business, there will really come a time when you will need new surroundings to be able to nurture your endeavour more. Although it is quite a big step if you will immediately jump to getting a huge office space all for yourself, there is an alternative for this that you can consider. You can get a more professional environment without having to spend too much. You can rent a shared office space in the central business district and there is probably one with your name on it if you know where to look.
A shared office is exactly what it says it is. It is a large office with workstations or cubicles that you get to share with other entrepreneurs like yourself. There are now a lot of serviced office owners offering shared office space and you will discover that this has tons of advantages for your small business. Here are several of them:
Image Revamp An office environment lets you revamp the image of your business. It will help project professionalism, which is very important to create great impressions among potential clients and future staff.
Cost-Efficient Compared to renting an office all to yourself, making use of a shared office is quite cost efficient because you won’t have to pay all the overhead expenses yourself.
Furniture and Technology Most of this kind of office arrangement is already fully furnished with desks, chairs and filing cabinets or drawers. They also come with Internet connection and telephones. While others may have an available receptionist who will work for you and other tenants, others will need for you to hire one and possibly share with the other entrepreneurs and you will just split the cost of her or his salary.
Networking Opportunities A shared environment will allow you to network quite effectively among the business owners in your shared office or the in the building where it is located. There are even times when social events where you can meet with the other tenants are hosted by the operator of the office space.
Prime Location Getting a shared office space located in the centre of the business district will immediately put you right where everything is happening. You will be able to meet with all your suppliers and clients as well as fellow entrepreneurs quite effectively and quickly.
Flexible Growth When your business grows, it is very easy to expand your office environment if you are renting or leasing this kind of office. If you need more space for additional personnel, you can easily take on additional workstations or get yourself a two or three person private office spaces in the same workplace or building.
Getting a shared office space is the next ideal step you can take after working from home. As this usually comes with flexible and short term lease contracts, you can decide whether to stay on and expand or go back to working at home when needed.