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Coworking Space or Serviced Office?
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Coworking Space or Serviced Office?
When start-ups think about their workspace, two options may pop up in their minds: getting a coworking space that is very prevalent these days, or renting a serviced office with a more private working area. Many of our clients have come across these questions time by time nowadays, but the answer is, these two choices are both awesome, ONLY they are fitting different needs, serving different purposes and having their own characteristics! So yes, the struggles are real, let’s open this topic and see if the following views can help you facilitate your decision?
Why Coworking Space?
To start-ups, budget control and resource management both play a significant role in their business expansion. Coworking space allows young business owners to meet different kinds of people that could turn into a valuable asset in your future expansion.
A unique characteristic and best thing about coworking space is Flexibility. When you work at a conventional office, you might not be able to come and go as you wish since a standard 1-2 years contract might tie you up. Yet, you won’t have to worry about the commitment period of your coworking space because certain service providers do offer different package plans like Day Pass / Weekly Pass / Monthly Plan (like what BRIDGES does) for start-ups to select. Some people may go for Day Pass for temporary usage, for which you can simply make a phone call or pay on spot then you are all set and good to go. Else, you can pick Monthly Plan with 40 hours usage or unlimited usage, depending on which plan fits you more.
So the concept of coworking space is pretty much like you just come in with your gear and then you can start working. When you have a meeting outside or need some fresh air, you can simply pack up and go outside to stretch your legs. Very flexible and dynamic, especially for those business travellers or green kictstarters.
What About Serviced Office?
Many businessmen go for serviced office for 3 main reasons - Privacy, Getting the Best Ready-to-Use Service at where they work, and having the ability to use a rather Long-Term Office Area for the growing team to locate. For example, for some start-ups or SMEs that value their own privacy a lot like IT, designs or investment industries, possessing their own private working spaces so that easy interpersonal communication can be made is crucial.
Comparatively, a serviced office is more suitable for those rather matured companies, looking for a fully furnished office space at a prime location to match their brand / company size. Also, they can make use of the glamourous meeting rooms on the same floor next to their offices to meet up with important clients conveniently.
What to Pick?
So basically a well established Business Centre can fulfill both your coworking space and serviced office needs, and you can even make the utmost benefit by using both services at different stages: using the cost-effective and flexible coworking space during your start-up stage, and starting to rent the larger serviced office unit with privacy and decent working environment when your firm is more developed and thus requires a better company image.
No matter what workspace type you will pick based on your status and requirements, it is suggested to find a compatible business centre having both coworking space and serviced office options so you don’t need to troublesomely switch from one service provider to another when you need the other workspace type at a later time.
Another huge benefit a Business Centre like BRIDGES can bring to you is that we will not only offer a prime office space but also take care of all your corporate needs and matters like ours, such as accounting & audit arrangement, tax filing, legal advice arrangement, working visa, trademark for company registration, etc. with our experienced on-site specialists who can come to you and provide face-to-face advice promptly on your different queries.