Does this sound like you?
You’re part of an up-and-coming company in the midst of building out a great product or service. The team has set up shop in an awesome coworking like WeWork or Green Desk, to jump start the business and take advantage of the great networking and collaborative benefits that come with rubbing elbows with like-minded entrepreneurs.
But now, your “next big thing” has gotten bigger, and you’re no longer a two person shop that needs community building activities to get motivated and inspired.
Maybe your company has graduated to another level of productivity. You now have more employees, more clients and less space. You feel like you’re on top of each other and your coworking space says you’ll need to move to a different location to make room for the growing team.
Or, maybe you’ve simply grown tired of the bustling vibe your coworking space promotes.
In both cases, it was great while it lasted, but now you need something more…You need to focus.
While coworking can be an excellent solution for a company in its early stages, or the freelancer who simply needs a place to put their laptop from 9 to 5, its benefits often turn into liabilities as time goes on and your desire for an office that feels like “home” grows.
Here are some signs it’s time to graduate from coworking:
#1: You start to lose focus. Coworking locations rarely have quiet time and instead, rely heavily on the social and collaborative nature of the environment to build connections between its members. As a result, you start to lose focus while juggling the spur of the moment meetings with neighboring entrepreneurs, chaotic events each night and general lack of privacy.
#2: You start to worry about your company’s image. With the growth of your business comes the ever-present need to start establishing your company identity both externally and internally. Having a personalized space goes a long way in demonstrating to both your clients and employees that you are a successful, growing business.
#3: Your team is struggling to keep up. Because coworking spaces attract a certain group of individuals who “dig” this kind of social workstyle, there tends to be an acute focus on being a trendy place to work rather than being a productive place to work. As a result, you start to doubt whether the team members you hope to onboard will truly flourish in this type of environment, or if they will end up wrestling with getting their work done amongst the constant chatter and activity.
#4: You need to develop a company culture. Establishing your own company culture within an existing coworking culture becomes increasingly difficult as you enter the next stage of growth and development. So, while coworking might have been a great vehicle for you as a burgeoning start-up, the same elements that drew you in are now becoming an uncompromising distraction and you feel like you’re losing control of your company culture.
#5: You’re sick of the daily inconveniences. Coworking can lead to certain daily inconveniences and conflicts. Basic things like booking conference rooms, using shared equipment and finding room to make a private phone call start to become a hassle as client and employee rosters grow. You need a more personalized atmosphere.
So, where do you go once you’ve decided to “graduate” from coworking?
The good news is, you have options.
For those companies ready to graduate from coworking, but not quite ready to take on the financial and legal commitment of a longterm lease, office sharing provides a flexible alternative.
Most companies choose one of two routes:
Option #1: Sign a lease or sublease and become a PivotDesk host company
Going the traditional commercial real estate route allows you to gain full control over your work environment. Signing a lease or sublease does typically require a hefty up-front deposit, as well as a lengthy commitment (5-10 years), but for the company that can’t compromise on its buildout or location–this may be the best option.
Luckily, office sharing provides a way for companies with a lease or sublease to offset costs while they fully grow into their space. Businesses can post excess office space on PivotDesk as a host company, booking the guest company of their choice and bringing in extra money each month.
PivotDesk host company, Techstars NYC has brought in over half a million dollars by using PivotDesk.
Option #2: Office sharing as a PivotDesk guest company
For companies with an unpredictable growth plan, or those that simply aren’t ready for the long term commitment required by signing a lease or sublease, office sharing provides a flexible alternative to coworking. PivotDesk provides companies in need of shared office space with hundreds of safe office space options in some of the most desirable neighborhoods across the US.
Becoming a PivotDesk guest means you can personalize your workspace, by browsing the site for shared office space with major brand names such as Tough Mudder, Jamestown Properties and Skillshare, without being nailed down to a lease.
And if privacy is important, you can filter your search by private offices only.
We get it…Finding the right space for right now can be a daunting task. If you need help evaluating options, or simply need to know what questions you should be asking, we’ve got a team of experts who can help.
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