Benefits of Shared Office Space – You’ll Love the Idea
When you’re a small business that’s more focused on providing great customer service than marketing your own business, it can be difficult to find ways to differentiate your business from your competition. Have your employees share office space. The benefits of this strategy are almost too good to be true. If you’re interested in growing your business and adding more room to house your growing staff, check out these benefits of having a shared office.
By saving money upfront, you can make other cost-saving decisions such as hiring more efficient staff, purchasing more expensive furniture, and installing better software. By choosing shared office space, your employees can save money by not having to purchase supplies, equipment, or operational costs (such as internet and phone) that are already needed for other shared space businesses.
Increase Employee Happiness
Hiring employees is expensive. Sometimes, it can be as expensive as or more expensive than owning the space you’re renting. When you consider shared office space with other businesses, you eliminate the extra cost of hiring and paying each employee their own separate salary. Instead, you save money by eliminating the additional cost of employee benefits and time off work due to vacations and personal time.
Create a Culture of Optimism
Employee feedback is important. When you have a strong sense of who your customers are and what their needs are, you have a better chance of serving them optimally. By creating an office environment where people feel confident enough to speak their minds and express their ideas, you build a stronger sense of optimism in your business. This translates into increased customer satisfaction and, hopefully, more orders from those customers.
Build Better Communication
When you have a clear understanding of what each person’s role is within the business, it’s easier to build stronger relationships with your team members. By ensuring that communication within the office is seamless, you help your team members stay on top of each other’s schedules. This helps them stay focused and avoid any potential misunderstandings.
Build a Culture of Residual Trust
Establishing and maintaining trust with your customers is essential to any business. It’s also a key factor in retaining your team members, who value the integrity of their work and the opportunity to receive a fair salary without having to do any extra work. When you have a shared office space, you help build trust by making sure each office has a common computer network. This helps your team members stay in touch with each other and avoid any potential data privacy issues.
Reduce Costs and Expenses
When you lease space, you’re charged per square foot. This is generally more expensive than owning the space and can lead to additional costs when it comes time to upgrade your equipment or open a second location. When you consider shared office space, however, you don’t have to spend as much as if you were operating as a sole proprietor. This can save you money in the long run by reducing your overall operating costs.
Whether you’re looking to increase your staff size or run a more efficient operation, leasing a few extra square feet of office space can make a big difference. Not only will this allow you to hire more people and increase your profits, but it will also make your operation more efficient.