It’s the age-old question that pops up every time you start thinking about which way you want to take your business, so we thought it about time we put pen to paper and answered it once and for all.
A serviced office is an all-inclusive approach to office rental that allows you to have everything included for a simple monthly fee. That means everything from building maintenance and cleaning to reception staff and internet access will be taken care of for you.
Coworking is a little different because you’re unlikely to have a dedicated office all of your own. You basically just rent a desk in a large communal space and get to work.
If you want to build a business that’s more than you and your laptop freelancing, you’re going to want a dedicated office space. It’ll be somewhere to interview for new staff, hold meetings, take conference calls as well as everything else that comes with running a business.
When you want to get creative there’s often no better way to do it than to immerse yourself in a huge open plan office. There will be new and exciting things going on all around you, and everyone will have a unique way of looking at things. If that’s the kind of environment you crave, coworking will certainly be worth a closer look.
Make sure you realise just how hard it can be to focus on high-value tasks in this type of environment. You might be fine putting your headphones on and blocking out the rest of the room, but if you’re not, then a serviced office may be more your thing. Take a moment to think about how you like to work and then draw up a list of pros and cons once you’ve read the rest of this article.
Breaking for lunch, holding a company meeting or just batting some ideas back and forth on the couch are all great uses of communal space. Serviced offices and coworking spaces will both offer them, but their availability may vary massively. In a coworking space you’ll typically find it a lot harder to block book meeting rooms or get a quiet moment in a communal space. If these are red lines for you, a serviced office will be the best way forward.
Whilst serviced offices offer a lot more flexibility than a 5-year lease, it’s safe to say that coworking spaces are that little bit more flexible for individuals. If you’re working solo and just want a desk to work at so you can get your business off the ground you’ll find plenty of places where you can pay by the hour. If you’ve already founded a successful business and you’re looking to go to the next level, you’ll find serviced offices are a much better fit.