When it comes to running a successful business, saving on expenses is key. Coworking spaces provide many ways for small businesses and freelancers alike to cut costs without sacrificing quality. Here are some of the most popular ways to save using Coworking Perth spaces for both freelancers and small business owners alike.
Top ways small businesses can benefit greatly from coworking spaces include the following:
Staffing Costs are Outsourced
If you are thinking about looking at Coworking Perth spaces in order to base your business from – you often get the benefit of competent receptionists and administrative staff. Some Coworking Perth spaces will offer admin as a fee-for-service or have staff on site you can utilise for basic admin at no cost, such as answering calls and mail service. This gives the business owner more time to focus on activities that can generate revenue for the company.
In addition, for those who hire staff, using the staff provided by Coworking Perth spaces tends to be cheaper than using your own. This means the monies used to pay your own staff could be used for other aspects of the business, like marketing or advertising instead.
No Maintenance Fees
A great benefit of coworking Perth spaces is no maintenance cost. These expenses would include the following:
- Broken air conditioning
- Stopped up toilet
- Leaky pipes
- Worn, outdated carpet or furniture
- Office tables & chairs
These and other maintenance fees are all covered by the space provider, which helps freelancers and business owners keep their expenses low.
On average, utility bills can fluctuate every month. For example, electric bills could be substantially higher in the summer (air conditioning) or higher in the winter (heating costs) depending on where the business is located. Other expenses such as ink for the copier or other stationary products can become costly if used extensively. Under normal circumstances, these expenses must be budgeted for accordingly. Coworking Perth spaces often include these items in the monthly fee.
Everything is Included
In addition to stationary and other items described above, other important items have to be purchased or leased:
- Filing cabinets
The more workers you have, the more you will have to spend on these items. With coworking spaces these necessities are included in the agreement. They can also be configured or arranged to your liking. In addition to the money coworking spaces can save you, the time and effort needed to set everything up is eliminated as well.
Business needs can change at a moment’s notice. One week the business is fully staffed and the next week is undermanned. They could experience a period of rapid expansion or lean times where cutbacks are required. In each of these instances a business can either outgrow their leased space or suddenly have more than they need.
While the average lease is set for 12 months or more, coworking spaces allow for an increase or reduction in space as needed. This ability to quickly increase or decrease space be the difference between the success or failure of the business.
You also have room to grow. Facilities like the Soto Co – Coworking & Commuity Hub are suitable for 1 person desks for solopreneurs, work-from-homers, students, writers, creatives and small business owners – but if your team grows there are lot’s of spaces and room to add team members and still have your privacy to do the work you need to do.
Few Hidden Costs
Some of the worst business expenses are the ones you don’t expect. One such cost is the “end of tenancy cost,” which requires the space to be cleaned and returned to its original condition. These costs can vary, starting at $100 or more depending on the size of the property. Coworking spaces have few hidden expenses, with many not charging end of tenancy fees.
Prime Location at an Affordable Price
Coworking spaces are often located in popular areas. On average, these prime locations are often pricier, making them difficult for some freelancer or small business owners to afford on their own. Not only do coworking spaces make them more affordable, many also provide parking for the renters and their clients or customers.
If coworking sounds like something you want to consider – our Mt Lawley Coworking Facility has everything listed above and more.
In the heart of the Beaufort St district of Mount Lawley, surrounded by great burger joints, intimidatingly good coffee and loads of retail shops we have found a little nook to call our own.
150sqm of bright, naturally lit open space, filled with air purifying plants to create the ultimate zen zone for you to come work, hang and meet some of the locals.
From Day Passes to Dedicated Desks, Soto Community Hub is a coworking space that’s a little bit different.
We aren’t about boardrooms and private offices. We aren’t about working 24/7 and hustle, hustle, hustle. We are all about providing a cool, comfy environment for you to re-connect with your creative self so you can work optimally.
We offer a number of membership options from temporary to long term. Stop paying for 5 cups of coffee and trying to get a stable WIFI connection at coffee shops, just join our thriving community of entrepreneurs and digital nomads – unlimited coffee is a bonus!