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Making decisions about the better office for startups is not an easy task. There are so many options and factors to consider. Before choosing a physical location for your business, you’ve got two choices at hand: a traditional office or a coworking space. Each has pros and cons, but the right choice depends on the type of your business, the approach to work, the goal of your business, and the budget you have in hand.
If you’re trying to decide between a coworking space and a traditional office for your business, here is what you need to know.
Traditional Office: You have complete control over your own private workspace. There will be no sudden problems, and you will be able to have more privacy by having your own personal desk and space as opposed to sharing a coworking space with others.
Coworking Space: This space may not be your space alone. Coworking locations are normally filled with a range of clientele, from startups to multinationals. This means the coworking space cannot be branded by any one client.
Traditional Office: Traditional offices often come with an expensive price. The cost rises with the personal guarantees, interior design, fit-out construction, purchasing furniture, monthly utilities, maintenance, amenities, and the actual cost of the rental. Basically, the owners will need to spend on all the add-ons they want.
Besides that, traditional offices often come with long-term leases. For some companies which have decorated and changed things around whilst they have been there, if the contract comes to an end, they will be liable for changing the space back to how it was when they first moved in. This leads to higher costs.
Coworking Space: Co-working spaces are often affordable. The rental cost also covers the amenities, utilities, reception areas, meeting areas, conference rooms, kitchen facilities and high-speed internet, etc. You can pay monthly, or choose other rental packages depending on the office you want. As businesses will pay a fixed monthly price, this will cover everything from maintenance to tax.
For example, below is a list of amenities and benefits for customers using coworking space service at Enouvo Space. In addition, customers can use additional services such as printing, scanning, renting office equipment at low prices.
Traditional Office: Not all traditional offices have staff members who take care of the place and keep it orderly. This incurs additional costs to hire people to do all of that.
Coworking Space: Coworking spaces are well-staffed to ensure that everything’s in order and operating smoothly. Members will not have to worry about technical troubles, equipment malfunction, and cleanliness without being charged extra.
Traditional Office: Having your own workspace gives you complete control over the design and layout, allowing you to pick a style that best reflects your business and brand values. Traditional offices are usually simple and have main design to accommodate the number of people in the company.
Coworking Space: In a coworking space, you are not free to decorate. You cannot swap and change things simply based on your own preferences as there will be many other businesses and employees to consider. However, the coworking spaces often come with vibrant designs that nourish energy and creativity.
Traditional Office: Traditional offices offer fewer distractions by adoring the work environment professionally and keeps you away from scheduling conflicts.
Coworking Space: The coworking spaces offer more distractions than the traditional offices. It can be louder or more distracting than a traditional workplace. You cannot tell others to keep the noise down. If you need to concentrate on work, look for premises with quiet workspaces away from kitchens, lounges and breakout areas.
Traditional Office: Traditional offices create barriers between employees by allotting them fixed cubicles. It discourages communication within the same team, so even thinking of connections and collaborations across departments is beyond the realm of imagination.
Coworking Space: The fundament of coworking spaces is building a community of like-minded individuals, which is why they inspire members to move around the space. The lounge and shared areas give people the chance to meet new individuals from a plethora of backgrounds.
What is the better office for startups?
The stress of moving into a new office can decrease with convenience, efficiency, and economical benefit as long as you make the right decision. Make sure the physical space you choose reflects the image you want to project for your clients, potential employees and partners, and the type of business you’re in.
If your business is small, you may find coworking spaces to be more beneficial. They are a great way to save money and increase productivity. If you would like to encourage a collaborative and creative team, coworking spaces are also the best choice. There are tons of opportunities for networking, collaborating across industries and communicating between teams.
If you are looking to find the right office space for your business, start your search for the perfect coworking space today. Contact Enouvo Space here, a leading coworking space in Da Nang city, to get free advice for your office space.