As the shared economy concept grows, it’s time to learn about the differences between shared space, flexible space, and coworking, and how they can benefit your organization.
Maybe you’re a small business owner or an entrepreneur that is looking to grow but stuck because of how much it costs to find a commercial space. If this is you, have you thought about flexible space? Specifically, space sharing?
If you have your own space, you’re aware of how expensive it can be. A large amount of your budget probably goes to your overhead, and whether or not that’s a financial burden for you, your business could benefit from sharing space.
If you fall into either of these categories (even if you don’t), it sounds like you’re looking for options that you don’t know are available to you. We’re here to tell you that you’re not stuck where you are, and you can grow while saving money. We exist to help the business owner and entrepreneur connect because we know that it isn’t easy to do that. So whether you’re a business owner with their own space or an entrepreneur looking for space, space sharing might be the most ideal solution for you.
The dollars of space sharing
Okay, let’s talk finances. Space sharing saves dollars in the pockets of both space renters and space providers. It’s a literal win-win for everyone.
One of our users, Katherine, is a Pastor at a Colorado Springs church. With a $4,000 overhead for her building and underutilized space for part of the week, she wondered what she could do. On our platform, she found several people to rent the unused parts of her building during the week. The result? Her overhead is covered anywhere for 60-100% at any time.
With her overhead cut in half, she was able to commit to various projects and goals for her organization. What could you do with half of your rent back in your hands?
Committing to a long-term commercial lease can be terrifying, especially if you’re not ready. It’s not always possible to know if your new business is going to be able to afford a building for 5+ years if you’re new or not financially stable yet.
Flexible space allows you to work out of the building of your choice while committing for a day or a few months—it’s up to you. The freedom in space sharing gives you the opportunity to save money and continue growing your business.
The cents of space sharing
Space sharing makes cents—I mean sense—for everyone. As we said, it’s a win-win for both parties.
Another one of our users, Chris, owns a gym in the Colorado Springs area. After a similar realization with the overhead at his gym, he decided to use SpaceTogether to share his gym space with other fitness professionals. By only utilizing his space for a percentage of the time, he was leaving his gym empty and unused the rest of the time. It didn’t make sense to operate an entire building for a short amount of time.
Using the platform not only helped him financially, but it simply made sense for his gym and those he was renting it out to. Chris has helped other fitness experts start and grow their business without the burden of a lease.
When you sign a commercial lease, you’re locked in. You sign, and then it’s yours. That can be exciting when you’re ready, but if you’re not ready, you may have just signed yourself up for years of financial hardship. But when you skip the lease and instead decide to utilize flexible space, you do something a lot better for yourself.
Flexible space allows you the wiggle room you need financially and outside of a contract to grow your business in the ways you need to. It’s an option with a much lower risk and sets you up for success because, by the time you are ready for your own space, you’ll have saved the money you need.
Before you go
Space sharing is the option that gives a renter the freedom to start and grow their business without being locked into a commercial lease. From finding good, reliable shared spaces to handling logistics along the way, SpaceTogether is here to help you. Rent flexible space because it not only saves you dollars, but it just makes sense.