HERE IS SOMETHING THAT NO ONE TELLS YOU ABOUT SHARED OFFICE SPACE!

1. HERE IS SOMETHING THAT NO ONE TELLS YOU ABOUT SHARED OFFICE SPACE! WHAT IS A SHARED OFFICE SPACE AND WHAT ARE ITS ADVANTAGES?? The rise of coworking has created confusion between the meanings of coworking, Shared workspace, and shared offices. While coworking and shared workspaces can be used virtually interchangeably, both are different from shared office spaces. Shared workspaces (coworking spaces) are workstations rented by remote employees, freelancers, gig workers, consultants, and anyone else who may not have a central office—one space for one individual. Shared office space is a much larger workplace Rented for many people in a similar fashion. Where a freelancer may rent a coworking space, a startup may periodically rent shared office space to bring its entire team together. Shared office space also differs from shared workspaces in the amenities and Resources offered. Because these areas generally support small companies, they’re outfitted with perks, tech, and features for a broader group of people. They’re also a lot more spacious—with a price to match. Let’s ELUCIDATE THE DIFFERENT TERMINOLOGIES AT EVERY LEVEL ALONG WITH ITS MAJOR BENEFITS AND ADVANTAGES.

2. Understanding the differences in terminology for each type of modern office space is Advantageous in leveraging them. If you understand your need for space, it’s easy to spot the right solution and see the benefits of coworking or shared office space. Here’s a quick look at the benefits of each type of space: ●Collaborative workspace: You still maintain the space in-house, allowing you to use it however best suits your company’s current needs. Use collaborative workspaces to stage a big project, ping-pong ideas back and forth, meet with high-profile clients, and teach a seminar, or any other task that involves multiple people in the same accommodating space. ●Shared workspace: Employees without a permanent desk get access to an individual space where they can work supported on an ongoing or as-needed basis. They get the freedom to use the workspace on their terms, while companies unburden themselves of costly commercial leases. ●Shared office space: Startups and agile companies without the need for permanent office space can keep overhead costs low, while still utilizing a traditional workplace setting. They also get access to workplace resources and a professional setting that’s useful for meeting with clients or collaborating on large initiatives. HOW HAS THE FOCUS OF COWORKING CHANGED FROM THE FREELANCERS TO VARIOUS STARTUPS As a startup founder, should you share office space or lease one of your own? An Increasing number of companies are joining coworking communities. What was once primarily seen as a freelancer's domain has quickly become a viable option for businesses of all sizes. It should come as no surprise that tech startups are also turning to coworking at Increasing rates. But does that mean shared office space is right for every startup? In this article, we'll outline the unique pros and cons of shared office space. As you search for the perfect space to scale your startup, use this article to guide your Decision-making. ADVANTAGEOUS TRUTHS OF SHARED OFFICES The Advantages of Shared Office Space The most obvious benefit of shared office space is the flexibility that it provides in 1. More Flexibility

3. The three different areas: ●Flexible Plan Options: With coworking, there are typically no year-long lease requirements. Hot seat, private deck, and private office memberships are all offered on a month-to-month basis. ●Flexible Cost Options: With no upfront fees, no deposits, and a variety of option plans, coworking provides founders with a valuable opportunity for keeping costs down.

4. ●Flexible Space Options: Increase your team count by five people overnight? You can probably switch to a private office fairly quickly. Want to ditch your private deck for a hot seating pass since you're not around as often as you thought you would be? No problem. Not sure how much cash your startup will have three months from now? The overall flexibility provided by coworking can provide extraordinary peace of mind, compared to the responsibility of a typical lease. 2. Opportunities to Network With Startup Founders Building a startup can get kind of lonely sometimes. No matter the phase of growth, there are always new things to learn, do, and evaluate. Surrounding yourself with other entrepreneurs can help take the edge off when things get rough — especially if those individuals are also working in the tech space. The best-shared office spaces host plenty of events for mingling, networking, and learning from fellow cohorts. Whether that be in the form of happy hours, educational workshops, or guest speaker events —situating yourself in a workspace where you can't help but meet other entrepreneurs could make the difference for your startup. Working alongside like-minded people will help your startup grow. 3. Greater Access to Key Players and Partnerships Another advantage of working in a tech coworking space? You'll have enhanced access to key players who can help your business grow. Congregate in one space with a lot of other startups, and you'll be more likely to attract the attention of angel investors and VCs looking for new opportunities. As a bonus, you'll be able to hit up networking events after powering down for the day.

5. Furthermore, tech co-working facilities like RocketSpace also serve as incubators and are often able to connect their members with corporate partnerships. Despite the hesitancy many startups have with taking corporate investments, the right pairing can be a match made in heaven. Many large corporations are looking for ways to tap into fresh markets with relevance. With your ideas and their knowledge of scaling, the sky's the limit. 4. Amenities and Services When you lease a private space, you don't always have the luxury of just showing up and getting to work. In most cases, you have to buy furniture, get a phone and Internet-connected, and arrange for employee parking. Not only is there a lot to set-up initially, but there is also quite a bit to maintain. If the wireless goes down one day, you or your limited staff will waste valuable time Troubleshooting. The advantage of coworking? You don't have to do any of that stuff or hire someone to do it for you. Most administrative and operational tasks are taken care of (we'll even take out the trash)! Top coworking spaces offer things like: ● High-Speed WiFi ● Free Printing and Scanning ● Complimentary Beverages ● Full Kitchenettes ● Mail Distribution ● Onsite Support ● Privacy Nooks ● Meeting Rooms