Coworking spaces have become a popular choice for entrepreneurs, startups, and freelancers who are looking for an affordable and flexible workspace. In metropolitan cities like Bangalore and Yerevan, where office spaces are expensive, coworking spaces are a perfect alternative to renting a traditional office space. In this article, we will explore the benefits of joining a coworking space, particularly Yerevan Coworking.
Yerevan Coworking offers a great opportunity for those who are looking to set up their startup in Yerevan. Here are some of the benefits of joining a coworking space:
- Diverse Usage: A coworking space can be utilized by anyone belonging to any profession and field. It provides a space to connect with like minds and explore new opportunities in the process of interaction. Anyone from professional business persons, freelancers, a startup to full-fledged companies can hire co-working places to improve efficiency.
- Economical: Traditional rent/leasing places require a huge sum of deposit with a contract signed. Coworking spaces cost lesser than average rent accommodation and provide a ‘no commitment’ policy, not bounding the business to a contract of any kind. In Yerevan, Yerevan Coworking provide desks and cabins on a monthly rent scheme and conference rooms on an hourly rent basis.
- Thriving environment: Coworking spaces have been shown to improve efficiency when employees are put into an environment of shared spaces. It has been observed that the average growth in terms of efficiency reaches one extra point above the average efficiency when employees are in a coworking space.
- Minimal pressure: In coworking spaces, there is a variety of companies and professions packed in a single space, therefore reducing the amount of pressure caused by competition. Due to this minimal pressure, employees find a sense of relief and can work stress-free.
- Sense of self-worth: When an individual works in an environment as diverse as a coworking space, the work one does holds more value in the eyes of the worker. It gives a person a sense of individuality and uniqueness.
- Facilities: Most coworking spaces, including Yerevan Coworking, provide many add-on facilities such as modern design, free and fast internet connectivity, group events, free parking, coffee shop, and conference rooms.
- Social life: Coworking spaces allow individuals to feel more connected to a community, cancelling out loneliness and increasing productivity which results in a positive impact on their business.
- Convenient location: A centralized location that can be reached easily from any part of the city makes it easier to reach out to clients and conduct meetings.
- Flexibility: Shared spaces provide you with the option of working at your convenience, allowing you to work whenever you want.
- Adaptable by all personalities: Coworking spaces are comfortable and feasible for people of different personalities, making it efficient and convenient for everyone to work in harmony.
- Personal and work-life balance: Coworking spaces provide a work-life balance by promoting comfortable, feasible, and pleasant work experience. This results in better mental health, bringing out the full potential of individuals.
- Lesser responsibilities: Coworking spaces reduce the stress of setting up a managerial system and maintenance team, simplifying complicated procedures that otherwise require funds and human power.
- Valuable networking: Coworking spaces provide multiple opportunities to grow your connections, ergo growing your business.
Studies have shown that coworking spaces have a positive impact on micro and small businesses that are trying to establish a brand in a market. For a small business, even the smallest of funds saved can be a huge deal. In this modern era, it is advisable to opt for economical spaces, since it not only provides small businesses a relief from spending on expensive office spaces but also helps in cutting down the overall cost of operations.
One cost-effective option for small businesses is to consider a virtual office. A virtual office provides businesses with a professional address, phone number, and mail handling services, without requiring them to lease physical office space. This can be a great option for small businesses that are just starting out and may not have the resources to rent a traditional office space.
Another option for cost-effective office space is coworking spaces. Coworking spaces are shared workspaces that allow multiple businesses and individuals to work in the same physical location. They often offer amenities such as high-speed internet, meeting rooms, and printing services, which can be very beneficial for small businesses.
Furthermore, technology has made it possible for small businesses to operate remotely, allowing employees to work from home or from anywhere in the world. This eliminates the need for a physical office space altogether, resulting in significant cost savings. However, it is important to note that remote work requires effective communication and collaboration tools to ensure that everyone is on the same page and work is being done efficiently.
In addition to the above options, small businesses can also consider subleasing office space from larger companies. This allows small businesses to lease space at a lower cost than they would if they were renting directly from a landlord. Subleasing also allows for more flexibility in terms of lease duration, which can be helpful for businesses that are unsure about their future growth plans.
Overall, there are several cost-effective options for small businesses when it comes to office space. By considering virtual offices, coworking spaces, remote work, and subleasing, small businesses can significantly reduce their overhead costs while still maintaining a professional image and providing a productive work environment for employees.