5 Reasons Coworking Spaces Are Great For Growing Your Business

Coworking spaces in Australia are designed to be as dynamic as the people who will use them. They offer functionality and flexibility that you won’t see in a typical office.

As your business keeps growing, a shared office can become a viable option for your scaling team.

A flexible workspace or coworking site gives you the benefits of a centrally-located business at a much more affordable price than a traditional commercial office.

Read more: How Flexible Workspaces in Melbourne Can Save Your Business Millions

It is always sound business practice to keep expenses low, especially if you’re just starting to grow your business or team.

If you need an office or command centre, but don’t have the money or energy to spend on all of the administrative duties that come with running an office, you’ll be interested in the benefits of coworking:

1. Low start-up costs

Coworking spaces offer freelancers and entrepreneurs a chance to work in a fully-equipped office without worrying about the costs of setting up an or fitting out their own office.

By getting a shared space, you can operate your business without needing to allocate funds for rent, fire insurance, office equipment, furniture, and various other expenses that come with starting a business.

Even if you can afford it financially, the time spent sourcing equipment and furniture, talking to contractors, and getting permits is a precious resource that should go to building your business.

With a shared coworking space such as Hub Australia, everything is included, so you can spend more time focused on growing your business.

Read more: 7 Ways A Small Business Community Can Help You Grow

2. Flexibility

It is extremely easy to scale up a shared office space as your team grows – you can tailor your contract to suit a one-person business, a team of three, or a company of 15, and upgrade your agreement as you need.

Hub Australia’s Southern Cross location also offers premium serviced meeting spaces to accommodate up to 14 people, and a conference room for bigger groups or events.

At each of Hub’s 7 sites, every member will find lounges, phone booths, mailbox services, and standing desks to use.

3. Central location

Your clients won’t have a hard time finding you – Hub’s shared offices are centrally located in Australia’s key cities – Melbourne, Adelaide, Sydney, and Brisbane.

Renting your own private office may force you to sacrifice location quality for a more affordable monthly rent and utility cost.

By moving your business into a coworking space, you get an address in the heart of the central business district, along with 24/7 access to transportation, cafés, gyms, and the city’s best shopping.

4. Networking opportunities

Renting space in a shared office means surrounding yourself with goal-oriented and high-achieving entrepreneurs and business people.

This means every day is an opportunity to network with small business owners, great thinkers, professional freelancers, and other entrepreneurs.

Being part of a coworking community means you are surrounded by potential partners, clients, and mentors – giving you the ability to easily outsource to great talents when you need help with specific projects or time-sensitive tasks.

5. Promotes work-life balance

‘All work no play’ is a phenomenon you’ll never experience when in a shared office.

Coworking spaces promote healthy work-life balance by being centrally located and close to public transport, as well as providing amenities to de-stress and recharge during a day of work.

Some shared offices, including Hub Australia, have dedicated spaces for meditation, prayer, or even just a moment to relax.

Read more: How To Attract Amazing Staff To Your Small Business

Do you want to know if coworking is the right choice for you? Come visit us at Hub, Australia’s premium network of coworking spaces for growing small businesses.

Contact us to book your tour of one of our dynamic spaces in Sydney, Melbourne, Brisbane or Adelaide and we’ll show you how coworking can help you thrive personally and professionally.

Hub Australia

Hub is a coworking community for growing businesses in Australia, providing premium workspaces, business networks and member services. Hub Australia has locations in Melbourne, Sydney, Adelaide, and Brisbane, from flexible desk memberships to large semi-private offices. Contact us today.