Businesses frequently have to change their office space since the job landscape is always shifting. In shared office spaces in Dhaka, change is the next best thing you can implement.
While there is a lot of misunderstanding over what a shared office or workspace is, it is just a location where several people work at the same time.
This raises the following query: Utilisation of a shared office space: Is It Even Worth It?
The answer is that shared workplaces are now worthwhile. Many people believed that coworking was a passing trend and movement. As the market for coworking spaces grew and the sector evolved, so did the terminology. According to the Global Coworking Survey, just 43% of shared office space is profitable, which indicates that 57% are negative.
Today, a lot of individuals refer to the same thing whether they use the terms coworking, flexible workspace, or workspace-as-a-service.
It is also a place or an area where a number of people work occasionally. Not to add, a shared office space is a place where employees from several businesses share workspaces.
So, let’s see if the shared office s[ace in Dhaka is worth it or not!!
Is It Worth It To Work In A Shared Office?
Shared Office space appears uncomplicated and unproblematic at first sight. In essence, these are offices with desks, Wi-Fi, office staff, and occasionally even complimentary refreshments that were created specifically for remote employees.
These rooms can be rented on a daily, weekly, or monthly basis by remote employees from a range of businesses. In essence, it makes an effort to recreate the atmosphere of a genuine workplace for those who are not really needed to work in one.
Because of this, membership-based workspaces known as coworking spaces are gaining popularity among independent workers. Coworking spaces are shared areas where people from different companies and industries cooperate.
- The proportion of staff who work outside of traditional offices has increased. Working from home is the most popular substitute.
- Even while working from home has numerous advantages, some people find it to be isolating and unproductive.
- Working from a coworking space has advantages over working from home for many different sorts of people.
According to DeskMag, a dedicated workstation costs $387 on average per month in the US, while a hot desk costs $195. Even though they vary between regions, these expenses are essentially consistent globally.
To Improve the Shared Office Economy and Start Making Money in 2022
1. Make New Offers Specific to the Needs of Existing Clients:
You just need a small amount of technology in place to provide a proper, cost-effective solution for enterprises. Businesses with remote personnel can use the same technologies. They may reserve their desks for a day anytime they want to work from the shared office space, pay with an Office
- For regional offices, privately owned serviced offices.
- For businesses using a hybrid workforce and flexible
- Super flexible managed offices as well as dedicated workstations are available.
2. Boost Your Profits:
There are several efficient methods to go about it. To increase revenue from your low-margin coworking offering, upsell members with additional high-margin services. Members won’t have to leave the premises for lunch if there is a coffee shop there.
- Establish a service to take care of the customers’ mail and deliveries.
- Provide members with visa services for travel, business, and employment.
- An attorney, auditor, or any other function is something you can also give.
According to the GCUC’s global coworking study, there are already 3.1 million colleagues globally. Additionally, they predicted that by the end of 2022, the number will double.
Expenses Of The Basic Shared Office
Although costs for shared offices vary by city and by business, you can anticipate paying relatively little for a space that is all yours. Always keep in mind that a facility’s price will fluctuate, but it should do so in proportion to the services it offers.
While other shared office spaces would merely have workstations, others will incorporate eateries, patios, and even bathrooms. Make sure you’re getting a decent deal on facilities for your money by conducting your research.
5 Advantages of Shared Office Space for The Enterprise
Small enterprises, contract workers, and other individuals can use coworking spaces as a place to work, network, and get involved in the neighbourhood business scene.
What was a pretty new idea: Coworking spaces changed how the contemporary worker engages with the corporate world ten years ago.
Recognizing the benefits of using them is essential for business success planning as there are now more than 17,000 coworking spaces globally.
The following 5 advantages are crucial for every small company owner considering a transfer, while there are numerous others:
1. Additional opportunities for connection:
- One of the key benefits of a coworking space is the potential for interpersonal interactions.
- You can be depriving yourself of the crucial contacts required to advance your business if you operate from home or another independent location.
- Occasionally, closeness to other successful business owners is all that’s needed to give a tiny company the spark it needs to succeed.
2. Enhanced profitability:
- For small company entrepreneurs who operate from home, this is especially true. It’s simple to become sidetracked at residence.
- Children want attention, the house requires cleaning or upkeep, and unusual duties may arise from time to time.
- You don’t have to worry about finding a coworking space when you need one because many of them are open 24 hours a day, seven days a week.
3. Increased inventiveness:
- If you rent an office, you may incur a number of additional costs, particularly if your employees desire perks such as free coffee and snacks.
- Furthermore, they provide various built-in business services, such as business mail, that may help you save money in the long run.
- Small businesses with excessively costly leases may find cost-efficiency to be a crucial advantage.Coworking spaces provide perks like this for a single monthly fee.
Despite the fact that just 40% of coworking spaces are now profitable, within two years of their opening, over 75% turned a profit.
Shared office Space In Dhaka, There Is A Productivity Myth
The idea that coworking spaces are a replacement for a real office setting is, in my perspective, the largest misconception about them. Offices’ dive bars are coworking spaces.
Offices are frequently thought of as dull, uninspiring places to work, although they are typically made for efficiency and working toward a similar objective. In contrast to traditional offices, coworking facilities may be flashier and provide complimentary doughnuts.
In a communal location, you’ll find yourself at the expense of a variable cast of people unless you’re ready to shell out a sizeable portion of your salary for a private room. It will become a daily diversion to listen to other people’s phone conversations.
In coworking spaces, you may anticipate a changing roster of “coworkers” with possibly bothersome, careless behaviours rather than growing acclimated to your colleague’s annoying characteristics.
1. Are shared workspaces profitable?
Only 43% of coworking spaces are lucrative, according to the Global Coworking Survey, meaning that 57% are harmful. Let’s look at how to compute the margin. Let’s say your community includes almost 100 people. You receive $100 each month from each of them.
2. Are coworking spaces successful?
The ideal way to network, save expenses, and boost productivity is in co-working environments. The greatest coworking spaces will provide much more than just a place to do your business.
3. Is coworking space cheaper?
Due to its high cost, coworking space is generally considered an expensive investment. But this is not at all how things actually are.
To Sum Up The Topic
The best techniques to make your coworking space profitable have been highlighted. As strategies to transform your coworking space into a money-making engine, we have spoken about vertical integration, providing additional ancillary services, and luring larger corporate clients. Your coworking space needs to develop and adapt to market demand if you want it to succeed in the upcoming years. Coworking and coliving, coworking and a gym, coworking and a social centre, etc., are just a few examples of trials that I think can produce positive outcomes.