24 Jan

Things to keep in mind when selecting a coworking space for your business

Remote work is now more popular than ever. Entrepreneurs are starting to work on a location-independent basis, and employees are spending less time in offices. As a result, people are searching for spaces where they can work productively yet not lose touch with community.

Coworking spaces are an increasingly popular choice for entrepreneurs and small businesses looking for a flexible and cost-effective working environment. With the number of coworking spaces worldwide expected to reach 35,000 by 2023 (Statista), workers have a diverse selection to choose from. These offer a range of benefits, including access to a professional and collaborative environment, networking opportunities, and flexible lease terms.

However, choosing a suitable coworking space can be challenging. In this article, we discuss how entrepreneurs, SMEs, freelancers, students and digital nomads benefit from working in coworking spaces and offer advice on selecting the best coworking space in the UAE for you and your team.



Benefits of coworking spaces for entrepreneurs and small businesses

Coworking spaces bring numerous benefits to those who choose them for their working environments. From increased productivity to growing a community and saving money, here are the top benefits of working in coworking spaces:

Affordability

Renting a traditional office space can be costly, especially for small businesses or startups. Coworking spaces offer a more affordable option, with flexible lease terms and all-inclusive pricing that includes utilities, internet, and amenities.

Flexibility

Coworking spaces allow businesses to easily adjust the size of their workspace as their needs change without the long-term commitments and overhead costs of traditional office space.

Networking opportunities

Coworking spaces often host events and networking opportunities, which can be an excellent way for businesses to connect with potential clients, partners, and other professionals.

Things to keep in mind when choosing a coworking space

There are many considerations for an entrepreneur or SME looking for a coworking space. Finding a space that is right for you depends on various factors, and these are some of the crucial ones:

Location and accessibility

Consider the location of the coworking space in relation to your business, employees, and clients. Is it in a safe and convenient area? Is it easily accessible by public transportation or car? What businesses and facilities are nearby, such a place where you can stroll during lunch or a relaxed café for a short coffee break?

Amenities and facilities

What kind of amenities and facilities does the coworking space offer? Do they have meeting rooms, private offices, and common areas? Do they offer amenities like printing, networking events, and refreshments? How about a common area with activities such as table tennis or pool?

Cost

Compare the cost of different coworking spaces and consider what is included in the price. Are utilities, internet, and other amenities included, or are they additional costs? Affordable coworking is an essential consideration, particularly for freelancers and early-stage SMEs.

Security and privacy

If your business handles sensitive information, it is vital to ensure that the coworking space has appropriate security measures in place. These might include secure access to the building, secure storage options, and privacy policies for shared areas.

Membership plans

Pay attention to the membership terms of the coworking space. Are they flexible, or do they require long-term commitments? Make sure the terms align with your business needs, as your business might grow and might need to scaleup from coworking space to a full-fledged office.

Flexibility and scalability

Choose a coworking space that offers flexibility and scalability to accommodate your business needs. Can you easily adjust the size of your space as your business grows or changes? Can you add or remove services as needed?

Business set-up opportunity

It is likely that once you build connections with certain individuals and entrepreneurs, you may want to start your own business. A coworking centre would provide the perfect startup base to find the right people and support with all you need for your business set-up, from finding like-minded business partners to guidance with license and company registration.

Ras Al Khaimah’s premier coworking centre

Compass Coworking Centre checks all of above requirements! Situated in the heart of Ras Al Khaimah, Compass is an incubation hub and coworking space in the UAE for entrepreneurs, businesses, digital nomads and students. It is one of the UAE’s premier coworking spaces, where people from all walks of life in any industry can collaborate, network and be productive.

Compass Coworking Centre caters to everyone, offering:

  • 1. Open workspaces
  • 2. Private offices
  • 3. Meeting rooms
  • 4. Women’s area
  • 5. Fun area with foosball and table tennis
  • 6. An event venue for seminars and workshops
  • 7. Scalable working and office space
  • 8. Café and lounge

You can book your favorite working spot at the Compass Coworking Centre at your convenience for a week, a month or a year. To reserve a space or enquire, call +97172042000 or email compass@rakez.com.

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Last Updated on 12/29/2019 9:23:05 PM

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