The Pros And Cons Of Shared Office Space Rentals Bronx

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If You Looking For The Pros And Cons Of Shared Office Space Rentals Bronx Just Call Us Now: (718) 847-7400

The Pros And Cons Of Shared Office Space Rentals Bronx As an entrepreneur, you should ask yourself whether you are interested in leasing a rental space of your own or used shared office space. Shared office space was originally viewed as a freelancer’s domain; however, the 21st century has seen an increase in demand of coworking communities for businesses of all sizes. Of course, this does not mean that all shared office spaces are right for different companies. In this article, we’ll discuss the different benefits and drawbacks of shared office space rentals Bronx.

The Pros And Cons Of Shared Office Space Rentals Bronx Just Call Us Now: (718) 847-7400

The Pros And Cons Of Shared Office Space Rentals Bronx

What Are The Different Benefits Of Shared Office Space?

1. Increased Flexibility

One of the more blatant benefits to shared office space rentals is the increased flexibility provides. Flexibility is available in planning options as there are no year-long lease requirements; therefore, memberships tend to be available on a month-to-month basis. Due to the absence of deposits and upfront fees, this is one of the more cost-effective alternatives. Moreover, the business can switch to a private office quickly if needs be should the team increase quickly without too much difficulty.

2. Networking Opportunities For Entrepreneurs

Building a new business can be lonely task, and regardless of the phase of growth there are always new things to learn. By surrounding yourself with other entrepreneurs who can help “take the edge off” when things become difficult to manage, you will find the tasks less difficult.

The most effective shared office spaces are those that host numerous events for networking, mingling and learning from other like-minded individuals. This could be in the form of guest speaker events, educational workshops or happy hours. By placing yourself in a coworking community where you meet other entrepreneurs, you could help your business grow without having to leave your working area.

3. Increased Access To Partnerships And Key Influencers

Another benefit to working in a shared office space is the access to key influencers who can assist with business growth. By congregating in a single area with various other startups, you will be more likely to attract the attention of investors searching for new investment opportunities. As an additional bonus, you will be able to attend networking events after powering down for the day.

4. Services And Amenities

When leasing a private office space, you do not always have the luxury of arriving and beginning work. In the majority of cases, you will need to purchase new furniture, arrange a phone and internet connection, and organize employee parking. Not only is there a great deal to set-up, but there is also a great deal of maintenance. For example, if the wireless connection is off for the day, you and your staff will waste time troubleshooting the problem.

When working in a shared office space, you will not need to deal with any of the maintenance tasks mentioned above – the owners of the office block will take care of the issue. In fact, the majority of operational and administrative tasks will be taken care of by the owner of the shared office space.

5. Educational Opportunities

Finally, the shared office space rentals provide entrepreneurs will various educational opportunities, such as workshops, practical programming, panel discussions and much more. These learning opportunities assist startup founders to tackle industry roadblocks, craft the ideal press release, acquire new funding, and much more.

The Pros And Cons Of Shared Office Space Rentals Bronx Just Call Us Now: (718) 847-7400

What Are The Disadvantages To Using Shared Office Space?

The Pros And Cons Of Shared Office Space Rentals Bronx

1. Distractions

On any given day, startup founders will need to prepare presentation to potential investors, discuss product development with designers, initiate sales calls, and much more. This means there is no time for socializing and no tolerance for distractions. When working in a coworking community area, it is impossible to guarantee that your coworkers have the same mindset. Everyone has light days and heavy days when it comes to work, and you can’t tell the group in the lounge to “settle down” when you have a bad day.

Of course, it is possible to reduce the noise distractions by renting a private office space; however, noise travels and you may encounter distractions when forced to interact with others outside of the office space. Regardless of whether you are walking to the bathroom or receive a knock at the door from a fellow coworker, you will run into people and conversations that are less important than your to-do list. As shared office space is less structured than traditional office space, drawing a line between socializing and work can be difficult.

The Pros And Cons Of Shared Office Space Rentals Bronx Just Call Us Now: (718) 847-7400

2. The Proximity To Rivals

The majority of startups will experience a degree of competition. This can be beneficial in that it proves the idea is valuable; however, you don’t want the competition staring over your shoulder when you make important decisions. When working in shared office space, there is the chance of working in the same area as those you may view as potential rivals. While we do not suggest being paranoid, you may need to remind yourself and your employees to research specific conversations for closed rooms.

3. A Lack Of Customization

One of the most exciting aspects of a privately leased office is the chance to brand it. The walls, furniture, and even lighting can be customized to represent your company’s brand. However, if you opt for a shared office space, you will find the decor varies from chic to “Office Max”. Basically, the more you are willing to spend on rental, the more aesthetically pleasing the area will be. With this said, just because a space is well-decorate does not mean it is suited to your brand or preferences.

The Pros And Cons Of Shared Office Space Rentals Bronx Just Call Us Now: (718) 847-7400

4. Company Culture Could Become Workspace Culture

It is vital for a growing startup to cultivate a unique company culture as this represents the spirit of the business. When working in a shared office space, it is possible that the company’s culture may transform to match the culture of the shared workplace. This is why it is important to consider the values and principles of the business before investing in a shared office rental. Do the values of the companies in the shared space adhere to your company’s culture? If not, it will be difficult to interact with the existing workspace members.

The Pros And Cons Of Shared Office Space Rentals Bronx Just Call Us Now: (718) 847-7400

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