If you are ever looking to start a business, look to see if a coworking space is the best path to success for you.  Coworking spaces are where different businesses work side-by-side in an office space. They have slowly been on the rise and in 2019, there were nearly 19,000 coworking spaces all over the globe. These spaces are the perfect places for networking and saving up until you decide to go bigger.  Starting up a business can be a daunting task at first, but finding the right coworking space for you will allow the process to become smooth sailing.

Benefits as a Startup for Coworking Spaces

1. Networking with others

What better way to grow your business than with other entrepreneurs in your office space? You have people who run other businesses around you at all times. Even during your morning cup of coffee, you can network with others.

Networking is one of the most essential parts of starting up a business since you want to get a strong base of customers to start with. Make sure to attend different workshops and gatherings in your coworking office and let the conversations flow.

2.  On the more affordable side

No matter what, it’s going to take some money out of your pocket to startup or get your business running. However, investing in a coworking space first will give you some wiggle room. You won’t have to be spending the money for an office lease and the furniture that all goes in there.

Coworking spaces usually have a variety of memberships you can choose from that best accommodate your financial and business needs. Ranging from hot desks to your own private office, there’s many options to choose from.

3.  Ability to have a work-life balance

Having to balance two parts of your life can be difficult and stressful. While dealing with a new business, you still have to oversee chores and bills to pay at home. Working in a shared workspace can relieve some of that pressure.

In your office, you’ll have a support system with people who are all trying to do the same thing: balance their work and life schedule. Working in the office will allow you to focus on the job at hand, while also knowing when to take breaks to not overwhelm yourself.

4.  Make your own schedule

One of the main benefits that draws people into coworking spaces is flexibility. We all have lives and sometimes things out of our control pop up that we need to attend to. Usually, co-working spaces never close. Depending on the type of membership you have, you’ll have an option of 24/7 access to your office. Even if you don’t decide to have that membership, you still know you have the freedom to leave if an emergency pops up and not have to worry about closing the office down.

Another form of flexibility is not being tied down to an office lease. If your business is growing and you want to move to another office, you’ll have to wait until your two-year lease is up. Not being tied down to a location can also allow you to move to where the target audience of your business is.

5.  Bounce ideas off one another

Two, three and many more brains are better than one. Working in a shared space can create many new ideas to come up. If you’re stumped and can’t think of something, don’t hesitate to ask someone in the office for some help or ideas. Throwing thoughts out there and hearing feedback will allow you to think of things you’ve never thought of before.

Even though you know your business thoroughly, it’s always inspiring to hear someone else’s point of view about a topic. It could possibly be game-changing. Always be open to new ideas as this was what a coworking space was built for.

A Coworking Space Right Here in Orlando

When looking for a place to start your business, consider The 5th Floor as the beginning of your business journey.

The 5th Floor Orlando offers modern and high-quality workspaces, concierge-level services that are completely customized to our tenants’ specific needs, and a convenient location above Marketplace at Avalon Park. Our lockable cubicles, hot desks, and private offices are perfect for ambitious individuals looking for a workspace perfect for facilitating collaboration and fostering productivity. And our high-tech conference rooms are an excellent space to host your workshops, meetings, and events.

For more information about how to get started and to reserve one of our accommodating coworking spaces, contact The 5th Floor Orlando online or call us at 407-730-3493.

This post was written by stephanie.