The Real Reason Startups are Thriving off of Coworking Spaces
When you decide to slash down costs, go the whole hog. Don't stop at outsourcing or Instagram ads-throw in co-working spaces. Genius entrepreneurs and innovators are massively ditching the traditional office for shared working spaces-and it gives them financial room to breathe.
80 % of new businesses crash within the first year-this morbid statistic has been repeated ad nauseum for the past five years. Innovators and entrepreneurs have wisened and now know the boundless cost-cutting potential of shared coworking spaces.
New figures show that a startup of under 12 employees can save an average of $2,700 per month by operating from coworking spaces. But it's not all about money. Many startups are thriving off coworking spaces because of an amalgam of factors, from modern amenities to networking and a business-friendly environment.
Many new budding brands have found their perfect spot at CMPND in Great Neck. This is an all-inclusive modern coworking hub in Long Island, offering spaces that seamlessly blend professional and personal growth. Let's explore the great potential of these coworking spaces.
Affordable offices that foster growth
Financial gurus hold that high overhead costs are the deadliest startup killers. Overhead costs are the indirect and continuous costs of operating a business, including rent. Coworking is a favorable operation model for a new company that cannot yet afford to shoulder the high costs of renting.
CMPND coworking offices in Great Neck grant you access to a world-class working environment at affordable costs. Other perks are guaranteed as well, from coffee to snacks and free printing-giving small businesses a chance to save even more.
These spaces foster networking.
Lone wolves die - alone. Well, that's a line from Love Nature, but the idea holds true in business. Especially for small startups, it's critical to operate from a place that makes it easier to land new clients, expand the investor base and acquire new talents faster and affordably. Coworking spaces enable all of that-they put the young business in proximity to other successful companies (potential future clients, partners, creditors).
Greater productivity
The secret to making workers deliver more and better is allowing a sense of freedom-much like working from home. Unlike working from home, though, where attention is split between the kids, the pets, and the Kardashians, the CMPD coworking offices solidify the "work mode" in spaces that feel like home. If your wave of genius only strikes after 12 midnight, you'll be happy to know that these spaces offer 24/7 access.
Freedom to be creative
A few decades ago, the Big 4 technology companies of today were born out of garages. While that makes for an inspiring story, modern startups face stiffer competition and thus require more creativity and collaboration. Moving from the garage to a coworking space accelerates time to market.
In and out as you wish
Lease or rental agreements don't give you the flexibility that coworking spaces do. For this reason, startups are massively opting for coworking spaces where they can adjust space at the pace of business.
Are you an owner of a startup or a new small business? Choosing Jersey City coworking spaces not only saves your money but also accelerates business growth. Choose the best-in-class yet affordable working environment. Choose CMBPD.
This is an all-inclusive modern coworking hub in Long Island, offering spaces that seamlessly blend professional and personal growth, much like the opportunities awaiting at a Coworking Space in Jersey City, where great potential is not just anticipated but realized. Discover how our Jersey City office space for lease, as well as office space in Great Neck, can elevate your work environment with modern amenities and strategic positioning.
For startups seeking a dynamic environment to thrive, consider the benefits of coworking spaces, especially when exploring office space for rent in Homestead.