..


Business News

  • Written by News Company


So, what actions are you taking to grow your business? If you were mapping out tools and tricks to help boost your brand and climb to the top of the Australian business world, a CoWorking Space may not necessarily be high on that list. However, as CoWorking Spaces have become a more prominent force in the business landscape, more and more business owners are beginning to see the benefits offered by shared offices.

So, with that said, what makes coworking spaces such a spectacular tool for business growth? Well, that’s what we’re going to take a look at today!

Financial Friendliness

As anyone who has had to rent an office can tell you, the dint that they can make in your monthly revenue is nothing to sneeze at. In Australia, business owners have stated that they spend around one-fifth of their monthly capital on rent alone. Once you further deduct general business costs and wages, it’s no surprise that more than 60 percent of small businesses close within their first three years.

Luckily, this is one area where CoWorking Spaces thrive. Offering freelancers and small teams an affordable, fully-equipped office space, these shared spaces are a godsend for those that need a base of operation, but aren’t financially stable enough to own their own office. Speaking of, that leads us to our next point.

The Fun of Flexibility

When you’re starting a new venture, you’re never guaranteed success, let alone immediate financial stability. Some businesses can exist for 2-3 years before turning a profit, and because of that uncertainty, the idea of a flexible office environment is very appealing.

CoWorking Spaces can be scaled up and down to coincide with changes in your team. Plus, most companies are happy to tailor your contract/lease in a way that works for the size and needs of your business. This means that, unlike a traditional office space, you have a workplace that adapts to your business, rather than you having to make concessions due to space constraints and obligations.

Networking Needs

When you’re working in a single office, surrounded only by those that work at the same company as you, it can get a little stagnant. This can happen whether you’re working with a group of strangers or your best friends, and it isn’t particularly conducive for new ideas.

By working in a shared space, you’re working with several groups of individuals who likely have different backgrounds and outlooks to you and your colleagues. Plus, CoWorking Spaces are a breeding ground for collaboration, and in turn, innovation. If you’re looking to set your business apart from the competition, then being able to gather insights and ideas from those outside your industry can be extremely valuable.

It also helps to have social connections outside your core workforce. Jean-Paul Sartre once said that “Hell was being locked forever in a room with your friends”, and that’s assuming that you like the people you work with.

With CoWorking Spaces becoming a significant driving force in Australian business growth, it’s likely that we’re going to see a steady rise in both their use and accessibility. However, if you’re a business owner looking to save money and gain some extra flexibility, there are a variety of enticing options available to you right now. So, give CoWorking Spaces a try, and see how shared spaces can help you to dominate in your industry!

Top Tips if You’re Thinking About Quitting Your Day Job and Starting a Small Business

Are you fed up with working for another person and long to be your own boss? Do you think you’d like to take over a local business that’s up for sale? Would you like to make your hobby into somethin...

What is the best structure to use when starting up a business

Coco Hou, tax specialist and accountant, has shared her advice for people who are starting up their own businesses, setting up side gigs, or moving into consultancy work. The start of the new financ...

Leading Employment Firm in WA 2018

Only a certain few start their careers as the boss. For most of us, we get employed by companies and in most cases, we never really find the need to hire employment lawyers. But if we do, hiring an ...

Hertz collaborates with UbiPark to develop simpler mobility solution

Today, smart parking solutions provider UbiPark and leading vehicle rental brand Hertz Australia have announced a strategic collaboration to develop smarter mobility solutions. The collaboration ...

Coalition Government delivers $2.25 million to Queensland Cane Growers’ Organisation

Queensland Sugarcane growers will be able to show big sugar buyers how sustainably their product was grown thanks to a cutting edge project funded by the Coalition Government.   The Sustainable Su...

Danilo de Andrade joins Di Bella Coffee

A leading Brazilian specialty coffee roaster and barista has brought his love of coffee and skills to one of Australia’s most loved coffee brands, Di Bella Coffee in his new role as the company’s Pr...

Politics

Union demands paint a bleak future under Shorten

It’s time for Bill Shorten to come clean and rule out extreme changes to Australia’s industrial relations laws that would wind the clock back to the strike-torn Whitlam era.   As the ACTU prepares...

Doorstop at AKD Sawmill with Trevor Ruthenberg, LNP Candidate for Longman

MR TREVOR RUTHENBERG, LNP CANDIDATE FOR LONGMAN: Well morning folks. Welcome to Caboolture, welcome to Longman. This is a fantastic day for local jobs. This is a fantastic day for our community. ...

Australia’s resource and energy export figures are on track to set a new record

Resources and energy exports setting NEW records   Australia’s resource and energy export figures are on track to set a new record of $226 billion in 2017–18 – and go even higher this year – accor...

Travel

Adina Apartment Hotel Brisbane

TFE Hotels has opened the doors of the spectacular new Adina Apartment Hotel Brisbane, which offers stunning views over the Brisbane River and awe-inspiring interiors that transport guests back to t...

Winter In Rotorua: Things To Do

While many travelers consider the summer months to be the prime traveling season, there are thousands and thousands of travelers who love to take to their campervan hire australia journeys when the ...

Discover Hong Kong Your Way With Ecruising

From July – November 2018, Ecruising in partnership with Hong Kong Tourism and Royal Caribbean, including Azamara and Celebrity Cruises are offering travellers new and exclusive cruising itinerari...

You might also like