Setting up a law firm in a shared office requires a number of considerations. With that said, it is imperative to know what to look for in order to prevent yourself from having any difficulties later on.
In fact, many entrepreneurs get it wrong from the beginning, so knowing how to get the most out of your shared office experience is crucial.
Let’s have a look at some ways you can benefit from this experience.
The reason why so many entrepreneurs are drawn to coworking spaces is that they foster networking and collaboration and engage you in a work culture that is active and friendly. But in these settings, it is sometimes hard to avoid the distractions. It is important to carve out some quiet time, usually in an office or quiet area, which helps to encourage you to focus on the work that needs to be done.
Globally, the number of people utilizing a coworking space is set to reach 3.8 million. With the number of people you will come into contact with in your space, it is important to follow some rules and guidelines for harmonious interactions. Be sure to understand the dos and don’ts in your space before it becomes an issue. Remember: operating out of a coworking space is best done when you and your colleagues support one another.
Get to know the Management
Developing a relationship with the community manager can lead to much success . The community does not only consist of the current members, but also those that came before or those who are just passing through. The manager can help you get the most out of your time in the space and be a resource for an extended network that you may utilize for your business.
What is your budget?
You may not realize but your practice may support a higher rent than you imagine. Choosing between a less expensive option or a higher priced space that offers more services to help you grow your practice should take careful thought and consideration. Figure out what works best for you and your firm and decide from there if playing it safe or taking the risk will do your firm good in the long run.
One of the benefits of working in a shared space is that you do not have to invest in all resources to run your business. We all know that printers, phone systems, furniture and the internet do not come cheap. The cost saving from sharing a space can free up your revenue to grow your practice. The bonus is the automatic network that you gain in shared spaces which only increases the value of operating out of one.
What does your space have to offer
As we know there are many options when it comes to working in a shared space, that is why it is important to understand all that the space has to offer. Find one with a variety of membership plans to choose from, especially if you are just starting your practice. Having the ability to grow in the space as your business grows is crucial.
What to do when you expand your business
The value of a coworking space is that most have the flexibility within the space to fit your needs. It is easier to upgrade when there are more office options available, which is a more difficult task when you have a stand alone private office. Deciding what option works best for you and your practice is extremely important.
Sharing an office space can either be a good or bad experience depending on how you utilize the resources available to you. Making sure to map out your firm’s goals and aligning them to benefit what is offered to you by your shared office provider may ensure an overall successful outcome. At the end of the day, allowing yourself to truly immerse in the shared office experience can increase your firm’s productivity as well as profitability.