Have you completed a booking? Congratulations! Here's what is next.
All over the business world, terms like “space sharing,” “coworking,” and “flexible space” are thrown around. But what’s the difference between the three terms? To whom does each apply?
I know, it gets confusing, but we promise it’s not nearly as confusing as it sounds. We’re here to break it down for you.
Coworking is great for startups and freelancers, as it typically offers both open and private space. It tends to cultivate an environment that values collaboration and community, but it does come with a price tag.
Space sharing, which can also be called flexible space, is slightly more private, as it doesn’t usually feature a large room with a ton of desks for entrepreneurs of different types to gather and work independently, like coworking. Think about an extra room in a church; it can be used as a business’s office space, art studio, therapist's office, or even a preschool. The space is empty but flexible, ready to be used by someone with ideas and a need for space.
We want to hone in on this idea of flexible space and what it could do for your business.
Types of flexible space
There are many different types of space that can be used for alternative purposes, to name a few:
- Commercial Kitchens
Now, it’s time to get creative.
- A regular gym can be used by freelance personal trainers, coaches (powerlifting, Olympic lifting, martial arts), and various classes (kettlebells, yoga).
- Churches have an abundance of flexible space to include gymnasiums, offices, empty rooms, and kitchens. This opens up space for communities of bakers, chefs, entrepreneurs, team sports, other church plants, and coaches.
- Offices have the ability to offer coworking space, or private space to developing businesses, or even artists, looking for a studio.
- Studios can double for dancers and yogis, and much more.
Purpose of flexible space
The idea that every business needs its own building is changing. Buildings are being abandoned daily, leaving cities with empty buildings and no one to take care of them.
No one needs their own personal library (though some of us would enjoy it), so why do all businesses need their own space?
Flexible space combats this issue of abandonment, as many businesses are able to use the buildings for however long they need and move on when the time is right. This directly addresses sustainability in cities, but it also does a lot for the individual (or business).
Using a flexible or shared space allows businesses to use space while avoiding a long-term contract they may not be ready for. Instead of signing a five-year lease in the beginning stages of a business, sharing space offers a more financially sound option that decreases risks.
Space sharing isn’t just for the new businesses though. Growing businesses everywhere are getting into space sharing for the flexibility, community, and sometimes, even the collaboration. Instead of being separated into different buildings, many businesses are benefiting from the ability to share ideas and work together on projects.
Before you go
Consider the benefits of utilizing flexible space, as it may be the perfect solution for you and your business. We can help you find the kind of space that you might not have ever considered. Let SpaceTogether help you by signing up here, or click the little blue circle in the corner for any questions.