If you are an entrepreneur or a startup owner, you can recall the struggles of working from home when there is a continuous disturbance or working from a café when the staff starts giving you odd looks for ordering only six cups of coffee and a bagel throughout the day.
While you can manage a one-person startup from your own home, it is not a captivating idea when you want a staff meeting or want to meet up with your partners.
A coworking space is not a new term anymore. A coworking space allows you to share a workspace with other like-minded people for the space you need, depending on the amount of space you need, for example, a desk or an entire conference room.
Check out this article to learn why coworking spaces are a boon for startups and new businesses and can be a worthwhile place for your business.
Lowered Property Costs
A new business doesn’t start spouting money from the very beginning. There are hundreds of cash outflows and limited income to manage them. Do you know that the average cost of renting office space in Malta is €100-€300 per square meter per year? Imagine renting a 100 square meter in Valletta.
In such circumstances, renting a property for a business can only add to the debit side of the profit and loss account. But indeed, a place is required for business meetings. In such cases, a coworking space is the finest option. They are affordable and flexible. You can rent out a space for as long as you need. In addition, there are other required amenities, such as electricity, an internet connection, furniture, a small pantry, and everything you need in your new office.
Managing these things daily is another headache you can avoid if you rent a coworking space instead of a traditional office.
Flexible Agreements
It is one of the major considerations when choosing a coworking space over a traditional office. You can rent a space for as long as you need.
Do you need a meeting room for the day? No problem. You can rent one for the day. Don’t want to work from home today? No problem. You can rent a desk.
Whether it is a day, a week, or a month, you can get into flexible rent agreements. It also helps you avoid costly, long-term leases.
A Suitable Work Environment
You will agree that working from home doesn’t allow you to work effectively. Your pet needs to go out, whether you want to finish work before a certain deadline or friends dropping by without notice. You need a professional space both for yourself and your staff.
There is no doubt that coworking spaces are work-friendly and can help you build the professional image you want to develop. But, of course, they are created with one purpose in mind- to allow you to work as efficiently as possible.
Also, your home garage cannot become the meeting room you need. Plus, every amenity is available in coworking spaces which your business needs.
One very important thing that might be missing from your new business’s letterhead is an official address. But coworking spaces don’t leave you alone, worrying about it as they are the solution.
Endless Opportunities and Talents
You are not the only one in that room looking for networking opportunities. You can find another business person across the aisle, a digital marketing freelancer in the next room, or a potential client beside you. In short, if you are looking for networking opportunities and even some fresh talent for your business, coworking spaces have them in abundance as there are people from every background bearing different skills and talents, which might even be useful for you.
The networking opportunities are abundant, and you only need to reach out to the right people to expand.
In addition, it also inspires you to work better when you witness others around you having vibrant ideas and impressive working schedules.
Flexible Working Hours
Are you a night person or a morning person? Whichever you are, you will find the doors of coworking spaces open 24*7 for you. Or this is what most coworking spaces in Malta offer. In addition, there are private offices or hot desks, whichever stimulates you to focus and work better.
Coworking spaces in Malta are ultramodern and equipped with every desired facility you could ever want, including impressive safety and security of its members and their rented spaces. So, you can go home without worrying about a thing.
Final Words
You will be amazed to know that there are approx. 7000 coworking spaces in Europe, and more are on their way. The above facts only support the stats, and it is high time you join a coworking space instead of carrying on from the basement of your home.
