As a startup company, should you share office space or rent one of your own. The demand for co-working and shared office space in Malaysia is on the rise as more businesses are looking for this flexible way of working.
A growing number of companies are starting to join the co-working communities. What was once seen as a freelancer’s primary domain has quickly become a workable option for businesses of all sizes.
What is a Co-working Space?
Co-working space or also known a shared office gives entrepreneurs, freelancers and even startup companies access to all the facilities and perks of a conventional serviced office space. The people who are using the office space would usually pay a small amount of rent to access both the private and communal areas.
There is various office space for rent KL that provides flexible and productive working spaces. Businesses can enjoy the versatility of growing and even downsizing according to their specific needs. Research shows that employees working in a shared office space feel more productive and creative. At the same time, they also get to focus on their work.
However, you would need to seriously consider the various advantages and disadvantages of renting a shared office space in Malaysia.
Advantages of Shared Office Space
The most apparent benefit of shared office space is the flexibility that it has to offer. When you rent a serviced office KL Sentral, you are not tied down to typical year-long lease requirements. You get to enjoy flexible office rental plan options that are offered on a month-to-month basis.
Co-working also provides business owners with a valuable opportunity to reduce operating costs. With the flexible plan options, you can even switch to a private office reasonably quickly. You can even cancel a personal desk or hot seats if you are not often around in the office.
Overall, business owners will have peace of mind, and they can avoid the overwhelming burden and responsibility of a typical lease. You can also consider renting a virtual office in Malaysia where you will have the flexibility of working from anywhere.
When you work in shared office space, you get to surround yourself with different individuals with various professions. You get to enjoy the experience of learning from people in the same working field. These people can give you relevant and helpful advice that will significantly grow your startup business.
There will usually be events hosted in the shared office space that you will encourage you to mingle with different people. You also get to benefit from knowledge sharing as you communicate and grow your network.
Disadvantages of Shared Office Space
For any growing startup, you would want to cultivate your very own unique company culture. Culture plays a critical role as it may affect the morale of your working environment. In the shared office space, there will be a lot of external influences that might transform your company’s culture.
It might be challenging to align with the culture in the workplace. You may even find some of the work cultures there displeasing and unacceptable. That is why it is crucial to consider your values and beliefs before investing in a shared office space.
Distractions are bound to happen in every way if you are sharing your office space. Sometimes it may be so bad that you would not be able to focus on your task at hand. The even more upsetting part is that you cannot tell others to keep quiet so that you can be more productive with your work.
This problem is why people would prefer renting a virtual office KL where they can get away from work distractions from the office environment. Visit our website for more info!