SUMMARY
Coworking Spaces Or Serviced Offices: More Choices For Startup Founders
A booming startup ecosystem coupled with skyrocketing real estate prices led to the rise of coworking spaces – workspaces that you can share with other startups, thereby reducing your operational expenditure. However, those working in a coworking setup often end up realising that they are losing significant time and energy in managing operations, which they shouldn’t.
Not many startup founders look forward to coworking as a long-term office space solution. Rather, they take it as a makeshift option, until they have enough funds and team to lease a better office space. Even though, coworking has been portrayed as the next big thing in workspaces, the industry isn’t catching up to the trend, probably because of some inherent problems in the setup itself. These problems are
Socialising In A Coworking Space
While some might argue that socialising is actually one of the strengths of coworking, the reality is that it does take a toll on your business and priorities if you overindulge in it. In a coworking environment, not everybody will always be on the same page as you are. Just add to it the lack of privacy and the recipe for distractions is complete.
However, if you’re one of those founders who needs a healthy dose of networking and collaboration, a better bet would be choosing a serviced office space such as smartworks – where you get to network, while still keeping your priorities straight.
Privacy
Let’s face it, no matter how open you are about your business and how it works, you need some privacy to discuss crucial moves that you have to make. If you’re in a coworking environment, you’ll always be short on privacy. And will be left with no other option than bringing your meetings home, which defeats the purpose of having an office in the first place.
Lack Of Customisation In Coworking Spaces
Coworking spaces are inherently one-size-fits-all. If you don’t like the way the place is structured or want some special treatment for you and your team, you’re out of luck. This is precisely the reason most startup founders leave coworking spaces as soon as their business has found some traction. The concept of ‘serviced offices,’ on the other hand, builds its base on the very aspect of customisation.
These offices boast of tastefully designed spaces, which are then tailored in line with your brand ethos. If you’re looking for an office space, which can adapt to your changing needs and requirements while also keeping pace with technological advances and time, serviced office spaces should be the choice for you.
Expansion
The sole idea of venturing into entrepreneurship is to grow independently and fast. In a coworking setup, where both seats and space are limited, your expansion plans might have to take a backseat. Instead, it would be better if you start building your dream in a serviced office space, which takes care of your expansion plans and all dynamic needs, not just in your present location, but also across the country.
Operational Support
The faster you grow; the more operational support you need. If you’re working from a coworking space, you’ll usually find yourself occupied with operational issues and a lousy shared Internet, IT, and ancillary services. Serviced offices, on the other hand, have multiple options for you to choose from as these are designed for a broader target audience.
Evidently, coworking might be a good bet to place if you have to start small with no expansion plans on the immediate anvil. However, if you’re in the game for the long run, a serviced workspace is just what you need.
