How Coworking Spaces Help Your Business Save More Money

Coworking spaces offer affordable workspaces for entrepreneurs. Take a look at how NuvoDesk could be saving you money and your sanity!

Coworking space providers like NuvoDesk are saving small businesses money every day. As a rentee, you get to work in up-to-date surroundings and a motivating atmosphere, exchange ideas, and network with like-minded individuals. 

It’s been proven that coworking spaces can help your small business save money that would otherwise needlessly go down the drain. Renting a traditional office space costs more, not just for rent, but utilities, office furniture and decor, and the distance you’d have to travel to meet with clients and networkers. Plus, you’d be locked into a lease for who knows how long.

Take a look at how NuvoDesk could be saving you money and your sanity!

Coworking Spaces Offer Flexible Leasing Terms

Whether you need us for a day, a week, a month, or even years, NuvoDesk can accommodate your time here. Coworking spaces allow you a short-term, customized lease. You can change your rental agreement as your business evolves. In other words, you are saving by renting precisely what you need when you need it. All without moving your team every so often from a well-established workspace that suits you, your employees, and your clients.

If you haven’t rented traditional office space before, you might not know that leases often come with a three to ten-year contract. Can you predict where your small business will be at that time? How many workers will you have, or how much space will you require? Most likely, you would not know the answer and settle for a space that doesn’t fulfill your needs. Either it’ll be too small but affordable or big enough to support growth but take a huge chunk of your profit.

Access To Clients

There is a tight relationship between office location and access to customers. Budding entrepreneurs are too often facing a decision: starting up affordably in suburbia or cashing out for a downtown workspace. How much you’re willing to pay for a rental office can have a significant impact on your business, especially if it’s a startup. 

Coworking buildings are often found in prime locations and come with parking spots for renters and their clients. Convenient access saves time for both parties. Coworking spaces can help your small business save money and grow, even in these uncertain times. Partly from significantly saving on the rent and paying only for what you use, and partly due to more reliable access to customers when it matters most.

No Hidden Costs 

An agreement for renting coworking space is relatively straightforward. You choose what you use and pay for nothing more. 

NuvoDesk has plans that include the use of conference rooms if you do need them regularly or plans without them and you can pay as the need arises. All of our amenities come with every plan, so you won’t be nickel-and-dimed to death for each amenity. Again, you only pay for what you need.

Another important way coworking spaces can help your small business save money is through maintenance costs. Whatever incident happens (like the AC going out, the wi-fi failing, or the light bulbs need changing) in the building, the office provider is responsible for covering the expense. Cleaning services are also included in the agreement. It doesn’t mean you should ignore simple coworking etiquette, though; always keep your workplace tidy.

A Few Additional Notes

While coworking boosts entrepreneurs’ creativity and efficiency, the renters profit from full facilities. As entrepreneurship evolves and adapts to new circumstances, coworking spaces are here for you. Coworking has become highly competitive as it offers benefits to startups and small businesses that they might not be able to afford otherwise.

Statistically speaking, over 90% of all businesses in the States are small businesses. A large and growing part of this percent are startups that have created over 3.1 million new jobs in the US in the last year alone. With that and the abovementioned benefits in mind, the bright future of coworking spaces is guaranteed.

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By Leslie Radford

**Updated February 2024

Leslie Radford

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