For years now, the business world has been moving away from strict hierarchical business models towards decentralized ones. This trend has been accelerated by the COVID-19 pandemic, startup boom, changes brought about by globalization, and, of course, the growth in flex-office spaces. Why choose flex-office space or the better-known cousin – the coworking office solution? Coworking spaces are flexible workplaces that make it easy for businesses to trial decentralization at a scale – and a location – that works for them.
There’s no denying the landscape of business has changed significantly in the last decade. The way we do business is more flexible than ever, and not only the way we do business, but where. People are no longer bound to a desk in a remote corner office of a downtown building. More startups and people are working for themselves, and those people are actively choosing to make their business flexible and sustainable, so that even a company with a small budget can thrive and survive, even while traveling! Keep reading for our top financial reasons you and your business should consider a coworking space.
Coworking is no longer the preserve for freelancers and startups. Increasingly, enterprise-scale companies are choosing coworking spaces as a place to call home. Microsoft, Bank of America, Facebook, and Salesforce are just some of the household names leveraging the flexibility, convenience, and built-in innovation of coworking. Let’s explore what’s in it for big business.
Moving offices can be expensive and time-consuming. By choosing a move-in ready workspace in downtown DC, companies and organizations can minimize the time, hassle, and expense associated with moving to a new address.
What exactly is a move-in ready workspace? It’s exactly what it sounds like: a fully-furnished, professional, turnkey workspace with all essential amenities and infrastructure in place and ready to go. All you need to do is bring your team.
As work shifts away from the traditional office-based 9-5, coworking has become a major growth industry. Globally, there are some 2 million coworking members, a number that is rising substantially year-over-year. While the big names in coworking, such as WeWork, have traditionally been a draw for freelancers, startups, and small businesses, there’s been an increasing shift towards local, boutique coworking.
There are several reasons for this trend.
In 1975, Bill Gates started Microsoft as a college drop out with a friend in his garage.
Jeff Bezos launched Amazon in 1994, starting out as an online bookstore. The company was first running out of his garage.
Sarah Blakely, owner of Spanx and now worth 1.1 billion, first ran her company out of her apartment.
Ever heard of Google? The search and ranking software initially started as a project in a dorm room. It’s first big expansion went from dorm room to a friend’s garage.
Apple? Steve Job’s parents’ garage.
Disney? Walt Disney’s Uncle’s garage.
The list goes on and on and on.
If you live in the DC area, you probably already know plenty about the Ronald Reagan Federal Building and International Trade Center. If you don’t, allow us to give you a brief rundown on this unique downtown Washington location and why you want to office there. Spoiler alert: this building is exceptionally ideal if you work in the federal government contracting sector.
There’s no denying that finding work-life and home-life balance is a struggle for many parents. Moms and dads want to be home with their children, but also have to make space to earn a living. Thankfully, the labor market today is evolving, and there are more opportunities for accommodating work styles than ever before. Many young professionals are taking up the banner of entrepreneurship, starting their own businesses, and opting to work freelance rather than be tied to an employer.
For the savvy entrepreneur, every activity outside the four walls of their home is a networking opportunity. Coworking spaces are excellent places for connecting with others because there are so many like-minded individuals gathered in one location. It’s a great environment to chitchat, trade ideas, get feedback and recommendations, and cultivate meaningful, authentic relationships.
Think about it. You’re working. They’re working. Conversations start happening and before you know it… everyone is networking, without even realizing it. Although there’s nothing innately better or worse than traditional networking opportunities, you might find the connections you forge are just a little deeper when they happen organically. Forced relationships never go the distance.
So, you’re looking to move into your own office or coworking space. Congrats! However, choosing a place for your business to call home takes some consideration. You’ll want to confirm that you’ll be moving into a space that fits your business and your needs.
Before you sign on the dotted line, figure out exactly what you need from your new office space, and take a tour to confirm that the space is the right fit for you.
Here’s what to think about when touring a shared office or coworking space.Read More