Things need to consider before selecting suitable co-working space

 

Co-working concept is not new to the current work culture. Co-working concept is a way to share your workspace with the people of different businesses under the same roof. It is the best way to interact with the people of another organization in the same working space. Nowadays a lot of big organization working under co-working space. It can be your crucial decision to rent a property as a co-worker. It is quite popular nowadays. You need to consider followings. Check office space in Wynyard Quarter at 10 madden street, CBD, Auckland

1)    Accessible location

Even if your co-working is having same nature business and segment you need not worry. Instead, you will benefit if someone not happy with services and products which your co-worker offers. You have potential to re-target to those unhappy clients to sell your product. The most important aspect is the location and accessibility of the place. You may consider the example of Walmart where different brands are selling their products under the same roof.

Most of the time if your competitor working under the same roof has the same kind of services and products fail to convert sales due to because of pricing. Here you have a chance to re-target the same customer by offering the same prices and product at an affordable price. Here you do not need to worry which brings the lead.

2)    Best return of investment

Since you have a Startup Company, which never allows you to lease large workspace in the prime location. But instead of having a large workspace in the big building better to choose co-working space. The Facebook success journey starts from the co-working space. In this way, you can get the best value of return on investment.

3)    Growth Factor

You will be happy when your growth in increasing and promising. Since you are utilizing the co-working space, never compensate with the growth factor which you are targeting in near future years. Since your lot of investment saves so, you can spend more on your marketing and promotion to create your brand value.

4)    Look for the proper amenities and services

You need to prepare a legal agreement with your service provider in which everything should be a mention about the services and amenities which you are availing. No matter how long you stay with them, but make sure all the said facilities in the contract must fulfill. Before accepting any agreement as a co-worker, you need to check all the amenities and facilities of the building.

5)    Brand value

Since you are a Startup Company, so it is challenging to create better brand value in the market. But under the roof of Branded Company slowly and steady you also got recognition. You may find so many buildings as an example where having two competitive banks working together under the same co-working space. Market and customer is competitive for all. I hope this blog will help to decide the factors affecting the selection of co-working space.