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Shared Office or Private Office – Which is Better?
With an increase in the number of small businesses with 1-2 employees looking for office space in the recent years, many business centres have seen an increased demand for starter and shared offices. In this blog post, we look at the benefits and drawbacks of both shared offices and private offices.
Shared Offices (also known as Co-Working spaces)
The major benefit of a Shared Office is that it allows your business to keep office costs to a minimum. By sharing space with others, you are using less space and therefore office costs and rates will generally be significantly lower than a private office. This makes Shared Offices a more affordable solution for individuals who are looking for their first office space.
Shared Office space gives you the opportunity to meet, mix and network with like-minded people. If you’re working on your own in a Private Office some people may quickly feel isolated and this can have a negative impact on their mood and productivity. By networking with others this increases collaborative opportunities and helps build business relationships and connections. There are now many Business Centres that provide Shared Space, an increasingly popular trend. Many have extra facilities such as bars, gyms and lounges to help facilitate this open environment and encourage collaboration.
Shared Offices Are Still Private.
Just because you’re sharing an office with other people it doesn’t mean that you can’t have privacy. Most business centres will have meeting rooms where you can breakout to if you need to make private phone calls or to meet with clients.
For any start-up, growth is often the highest priority, which means that you want a workplace that doesn’t require large upfront payments or lengthy contracts. By using a shared office, you can choose short-term contracts that gives you the flexibility to take on more space as you grow.
One downside of using Shared Space is that you may become easily distracted by others who are working in the office. Quick chats can turn into full blown conversations that could distract you from getting your work completed. However, this can be avoided by a bit of office etiquette.
If your business involves handling highly sensitive data then a Private Office might be more suitable for you. This allows you to talk freely without worrying that you are sharing confidential data with others. You are also able to keep confidential documents private, something essential to a lot of industries.
Having your own Private Office means that you have much more control about how you want to tailor the work environment to meet your needs. This means that you can change the layout of the office to suit you and decorate the office with signage. You also control the level of noise, how hot it is, if you want the window open and other trivial details that probably wouldn’t cross your mind. Are you the type of person that can compromise on the choice of radio station or the air conditioning being on?!
A careful balance of finding the right environment for you to work and creating the right impression for your clients is key to finding the right space for you.
Looking for Serviced Office Space in Chester? We have a range of offices available including shared offices and private offices to meet your business needs. For more information email email@example.com or call 01244 394200 to talk to a member of our team.