Looking for a suitable office space can be an onerous task for any company. Most property owners and commercial real estate owners or agents demand extended lease terms and large security deposits when securing an office. This is usually not favourable for a young &new companies who are looking to grow and avoid extra capital expense of fixed liabilities.
Moving away from traditional thinking and taking creative approaches to office space can be a great way to save time and money.With the increase of digitally-based companies, co-working environments can be great solution for a wide range of start-ups to large companies that don’t require a big on premise footprint and want to interact with other like-minded people.
The first way to creatively deal with the need for office space is to introspect, why do you need a traditional office space? Can’t you share? Once you have solved for these two questions you are on the path of choosing a shared office space. With the increase of digitally-based companies, co-working environments can be great solution for start-ups that don’t have a big footprint and want to interact with other like-minded people.
While looking for co-working space following criteria should be considered
Does the shared office offers flexibility on lease term, i.e.allow you to rent by the hour, day, month, or year?
Shared office space also is yet another great alternative to leasing that encourages collaboration and provides platform to share your ideas with others. There are dozens of way to take advantage of sharing office space with other companies. That is why companies like Cokaryagot started. Cokarya was designed to cater to the needs of a freelancers from “pay per use” model to support small businesses with spaces they need. They work with larger companies to look into their space that they actually need. You essentially get to rent a desk or a cubicle for a fee. The nice thing about the arrangement is that is can be completely customized.
Finally, there is no one solution for office space needs, thus would encourage you to be creative when thinking about office space. Saddling a start-up business with a huge liability like a high deposit fee can be tough when resources are limited. Especially when there are so many alternative solutions available.
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