As your business keeps growing, a shared office can become a viable option for your scaling team. A shared space, or coworking site, gives you the benefits of a centrally-located business at a much more affordable price than a traditional commercial office.

It is always sound business practice to keep expenses low, especially if you are just starting. If you need an office or command centre, but don’t have the money or energy to spend on all of the administrative duties that come with running an office, you’ll be interested in the benefits coworking offers:

1. Low start-up cost

Coworking spaces offer freelancers and individual entrepreneurs a chance to work in a fully equipped office without worrying about the costs of setting up an actual office. By getting a shared space, you can operate your business without needing to compute and allocate funds for building rent, fire insurance, office equipment and various other expenses that come with starting a business.

Even if you can afford it financially, the time spent on sourcing equipment and furniture, talking to contractors and getting licenses is a precious resource that should go to building your business.

With a shared coworking space such as Hub Australia, everything is included, so you can spend more time focused on growing your business.

2. Flexibility

It is extremely easy to scale up a shared office space as your team grows. You can tailor your contract to suit a one-person business, a team of two, or a company of five. Hub Australia’s Southern Cross location has a meeting space to accommodate up to 14 people or a conference room for bigger groups or events.
At all of Hub’s sites, you’ll find lounges, phone booths, mailbox services and even stand-up desks.

3. Central location

Your clients won’t have a hard time finding you – Hub’s shared offices are centrally located in Australia’s key cities – Melbourne, Adelaide, Sydney, and Brisbane.

By moving your business into a coworking space, you get an address in the heart of the business district, along with 24/7 access to transportation, cafés, gym and even the city’s best shopping.

4. Networking opportunities

Renting space in a shared office means surrounding yourself with goal oriented and high-achieving entrepreneurs and business people. This means every day is an opportunity to network with small business owners, great thinkers, professional freelancers and other entrepreneurs.

Being part of a coworking community means you are surrounded by potential partners, clients, and mentors – giving you the ability to easily outsource to great talents when you need help with specific projects or time-sensitive tasks.

5. Promotes work-life balance

‘All work no play’ is a phenomenon you’ll never experience when in a shared office. Coworking spaces promote work-life balance by providing venues to de-stress and recharge during a day of work.

Aside from weekly social events, health and wellness activities are regularly held for the benefit of its members, such as guided meditation and weekly yoga sessions. Some shared offices, including Hub Australia, have dedicated spaces for meditation, prayer, or even just a timeout.

This article was originally published in: https://www.hubaustralia.com