As a start-up, you will need to be careful about the way in which you invest your finances - the chances are that you are working with limited capital, and this means that you cannot afford to be reckless. Although there are a variety of different ways in which to cut corners, arguably the most-effective manner in which to keep your costs to a minimum is to do-away with a private office, in favour of a shared office. Slowly-but-surely, coworking spaces have seen their stock rise. Here to tell you a little more as to why this is the case, are The Bradfield Centre’s experts.
1. Constructive work balance
Although there is nothing wrong with people wanting to work from home, it is safe to say that this is not a solution that works in everyone’s favour. One common complaint about this option is that it is notoriously hard to enjoy a healthy work-life balance. This is because you will have access to all of your documents around the clock. This, coupled with the ease at which you can be contacted, can easily lead to you working additional hours, which is not something that you should be comfortable with day-after-day.
2. Productive environment
One of the major issues that workers complain about, in regards to modern offices, is that the level of noise means that it can sometimes be rather difficult to concentrate. This is especially true if you are, for instance, operating in the technological sector, and find yourself in close proximity with people from a different industry. With a coworking space, you can put this type of problem behind you. You have your own personal space, with only a few others nearby that will be, in all likelihood, doing similar work to you.
3. Cheaper in the long-run
It would be hard for us to comment on the various benefits that come with coworking spaces without pausing to mention the excellent savings that can be enjoyed. Rather than shoulder the burden of renting the office out-right, you have the chance to share these costs with other businesses. This collaboration is wonderful from a financial standpoint, and is certainly a contributing factor of coworking offices’ success.
4. Possible business connections
Whilst this is not true across the board, it is safe to say that coworking spaces are rather adept at bringing similar companies into contact with one-another. Although this may not seem very important, the fact of the matter is that this can prove to be a shrewd way of networking. If you are not someone that wants to routinely attend large-scale corporate events, this might be the perfect alternative that you have been so-desperately searching for.
How Can We Be Of Assistance?
If, after much consideration, you have come to the conclusion that coworking in Cambridge is the course of action that you would like to take, the next logical step is to find a business centre that can cater to your needs. With so many spaces in Cambridge from which to choose from, you may be unsure as to which direction you should turn. In reality, you could do a lot worse than to opt for The Bradfield Centre. With meeting rooms, phone booths and dedicated desks being just a few examples of what we have to offer, it is no-wonder that our services are in high-demand. Should you like to chat to a member of our team about the flexible terms that we can offer growing startups, we advocate sending us a message at hello@mantlebusinesscentres.co.uk.