What factors should I consider when deciding between renting an office or getting a co-working space?
Whether you are a new entrepreneur or small business owner you might often wonder, what factors should I consider when choosing between renting a traditional office space and signing up for a co-working space? Here is a guide for you to consider before deciding : • Financial obligations: Traditional office leases cost more in desired locations and require a very high deposit depending on your personal or business credit. At the same time, a co-working space often requires little or many times no deposit at all, depending on location. Just because there is no minimum length to your contract, therefore financial obligation for a starting business is especially low here. If you want a small space for your work like about 100 square feet then Co-working is cheap. Usually, coworking space has about 1-month obligation but a traditional office has about 1-2 years of lease commitment. • Customer satisfactory factors: Often the Co-working space highlights your name a...