Co-working spaces have facilities and spaces to cater to distinct activities and events such as conference rooms or augmented and virtual reality conference. Finding the workspace to suit your business requirements necessitate knowing your business image and doing a thorough research. These are some of the mistakes, which business owners make when selecting a co-working space. You should avoid them to start your endeavor, and make it successful in due course.
Failing to Consider Company Type and Business Needs
Many co working spaces are intended to cater to businesses of a specific type. The workspaces have a distinct culture and vibes, so ensure that you select one that suits your business or company.
In case you are an IT specialist, then select a shared work space with networking capabilities and one where you can work with fellow technology companies and IT professionals.
Even though you can select the space from any co working office, there is an advantage to having the same industry people around you so brainstorming and networking can be done easily. The top co working spaces are diverse when it comes to structure and have an array of organizations.
Not Selecting the Best Location
Plenty of co working spaces are popping up just as demand is growing. There are several places to choose from as well, so select a location for your shared office wisely. Ensure that it is easy to reach. Location is a key aspect of any business that is or aspires to be successful. The idea is to select a shared work space that fits your business and would be conveniently accessible by you and your co working clients.
Can your office site be reached through public transport? Does it have nearby restaurants, hospitals, banks or any other facility that is important?
Being Unaware of Hidden Costs and Additional Charges
It is important to be fully aware of additional charges, which you might have to incur when you use more rooms for your co working team or extra internet bandwidth for meeting productive tasks. Is there an additional charge for using the meeting room at the office? Will your business be charged more in case it has to access the office at night? Consider these things while putting pen to paper.
Failing to Understand Lease Conditions and Terms
A yearlong lease is one that is common for a shared office space. Although, prior to agreeing on a contractual long-term lease agreement, ask in case you can have a not so long trial to see if it will work for your business.