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There comes a time in every small business owner’s life when they must consider moving from a home office to a more professional setting. If you’re experiencing growth and need more flexibility, privacy, and autonomy, there are lots of flexible office choices available to you, including traditional offices and private offices in coworking centers.
But which is the better choice?
Overall, your decision should be based on your individual needs and goals. That said, it’s always a good idea to weigh your options and consider the pros and cons, and that’s what we will discuss today.
Why Traditional Offices Work and Who They’re For
Traditional offices are units within a commercial building. In general, they offer many advantages in terms of location, space, and individuality. However, costs are much higher overall as you are responsible for furnishing and equipping the space, utilities, and ongoing maintenance.
Tenants sign a long-term lease and often are required to build out the raw space to suit their needs, which takes significant time and financial investment.
On the plus side, the space is yours to decorate and manage as you wish. On the downside, hard costs are high, and if you need more space or want to downsize, you might be challenged to do so easily.
Traditional offices are best for established firms with long-standing clientele and a local workforce but may not be suitable for new companies or speculative startups that need to run lean.
Private Offices in Coworking Centers
Coworking centers are well-known as hubs for remote workers and freelancers, but they offer many other features and benefits beyond a communal low-cost workspace. Coworking centers also offer private offices, meeting rooms, and a range of amenities to suit just about any business model.
Private offices are sometimes referred to as serviced offices or flex space. Private offices may be the better choice for small companies that require more privacy and autonomy than coworking but don’t have the budget or need for a traditional office.
- Turnkey. Private offices are fully furnished, connected to the latest tech, and ready for you to populate.
- Low cost. Your monthly fee includes space, office machines, internet, parking, and live reception at a fraction of the cost of a traditional office.
- Flexibility. If you need more (or less) space, you can scale up or down as needed. Meeting rooms are available to host your clients on demand, and you’ll only pay for what you use.
- Community. Your membership is an invitation to participate in a vibrant community of doers, movers, and shakers. You won’t exist in a vacuum—and may make lasting connections that benefit your business for years to come.
Smart business decisions are the cornerstone of success. Your workplace should satisfy your business goals now and well into the future, so choosing the option that offers the most flexibility is critical. Today’s business world is ever-changing. Lay the foundations for success today, and you’ll have one less thing to worry about in the future.
Schedule a tour today, and let’s get to work!
