Perks of Sharing Private Office Space
For many small businesses and SMEs, the idea of owning a private office can often seem like a distant dream. While in a period of growth, just thinking about committing to extended lease agreements and the cost of office overheads can send any founder straight into overwhelm. However, managing dispersed teams, although it has become the norm, can still bring challenges regarding alignment and developing a solid company culture.
Coworking spaces, including PLATF9RM, know that agility and flexibility are the keys to small businesses succeeding. The wonderful thing about coworking spaces is that they are filled to the brim with other companies facing the same difficulties and on the same journeys. Connecting with other SMEs and founders to share an office could solve your ‘lack-of-office’ woes.
How to Know When It’s Time to Upgrade to an Office
Moving into your first office is a big decision and a proud milestone for any company. But it’s all down to right place, right time. Here are some signs that it’s time to find your first office:
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- You want to expand your team: New hires need space and will be more likely to apply, knowing there is dedicated space to work from.Â
- You’re meeting clients more frequently: We’re not turning our nose down at meetings in cafes, but offices are the better option if you’re looking to host regularly or need quiet space to strategise.
- You’ve got good cash flow: Ensure you’ve got your financial ducks in a row and your business’s cash flow is healthy.
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While you might tick many things off that go above and beyond this list, in the world we’re in, the need for brick-and-mortar space has changed. Rather than going whole-hog and committing entirely to a private office, you can strike that balance for yourself and your team by linking up with another business and sharing an office.
The Advantages of Sharing a Private Office
In a time where work/life balance reigns supreme, your business and team may only need a part-time office. Take a look at just a few of the benefits of sharing office space:
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- Saving money: You and your new office-sharing buddy can split the rent, office supplies and maintenance costs. At PLATF9RM, many of these costs, including business rates, are included in the rental agreement, meaning you can split this simply and focus on the bigger picture. Decide on your agreement; this could be a 50/50 split or even a 40/60, depending on how often each business needs to use the office.
- Strike the balance for your team: Choice is the key to a happy team. By giving your employees a dedicated space to work from, you can help to improve their happiness and productivity. Nothing beats in-person collaboration, so when you’re organising big creative sessions together, you’ll have the perfect space to do so.
- Meeting Space: When signing up for a private office in coworking spaces, they often have their meeting rooms. At PLATF9RM, each office gets monthly meeting room credits, meaning you don’t have to fork out for extra private space when you need it.
- Get Inspired: By working closely alongside other businesses, you can bounce ideas off of each other, problem-solve, and support each other on your journeys. This can help boost your team’s creative thinking and drive innovation within your business.
Private Office Sharing at PLATF9RM
Maybe you’ve been coworking with us for a while, staring lovingly at the office spaces down the hall. Perhaps you’ve been a RESIDENT member for a while but want to grow your one-man band. You may not have set foot in our spaces before but are looking for a dedicated private space to get your head down with your team. If you’re ready to make the jump and need more space but don’t want to commit to having an office full-time, then we can help.
Think of us as an office matchmaking service. We can connect you with like-minded businesses looking for shared private space. We’re thoughtful in this process; we will link you up with your dream office partner and ensure that the balance between the two of you will be absolutely perfect.
Alongside your private office, you’ll also receive the following benefits:
- Absorption of business rates and maintenance costs in your rent.
- Flexible rolling leases of six months.
- Customisable office space.
- Meeting room credits and discount on event space hire.
- Option to use coworking spaces.
- Exclusive access to our curated events programme.
- Ready-made office culture, including monthly socials and Friday drinks for you and your team to attend.Â
- Business support and special discounts to local businesses.
Ready to move in? Get in touch with us now to find out more and discuss your options with our private office experience team:Â
