Is Shared Office Space Right for Your Small Business?

 

Shared offices are one of the best things that got invented in this 20th century. It allows small businesses to earn more and keep the cost of running a business low. However, a lot of people have no clue on what shared offices are.

This is why in this blog, Entegra, small office space for lease Calgary, Canada will list down some reasons and facts that will help you find out if shared office space is right for your small business amidst this pandemic or after this coronavirus pandemic.

Pros Of A Shared Office Space For Small Businesses

1.      Affordable

Because you will be sharing an office with a different company, your cost of renting the place will become more affordable. This is great as it will help you cut down your overall cost on a monthly basis and focus more on increasing your business and your reach on the internet or locally. This is a great way to increase your sales and invest your money in other ways that can help you make your business better.

2.      Cut Down Overall Costs

The electricity bill, the maintenance fee, the security fee, the water bill, and even the rent of the office will be shared, so this means that you will have an overall saving on the costs that allow your company to run and operate.

3.       More Experience

Because there are going to be 2 or more types of business organizations operating at one office space for rent, there will be more experience. This means that you will learn more from each other and will get to develop skills that you never had before.

Cons Of A Shared Office Space For Small Businesses

1.      Fights

There are some instances where you and your office mates can get annoyed and can end up in a quarrel. This is something that cannot be avoided, especially if there are a lot of people operating at one place, particularly at shared offices.

2.      Delayed Payments

Not everyone thinks about paying that fast, so does businesses, particularly start-ups and small ones. Because people are more focused on growing, they tend to “Forget” things during the due dates. This is one con of a shared office.

3.      Not Productive

Because there are a lot of people working at one Office space for rent Calgary Downtown, the chances are high that the productivity of your employees will cut down. This is because workers end up talking with each other and can possibly engage in a relationship, which is considered taboo in the workplace.