Shared office space benefits

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Benefits of a shared office space

You are now one of the people with exclusive rights to your own business with a strained budget. Remember: It's good to share. You can incur considerable costs if you are managing your business on your own. You can save money in ways you never thought possible if you combine with other small businesses to share major expenses, such as office space, equipment, and advertising.

Check out the following additional budget lifesavers:

Share another business's space:

Don't search on your own if you are in the market for office space. Talk to a broker and ask if he or she knows anyone with office space to share, perhaps someone with 5,000 square feet who only uses half that amount. That space could result in a couple of offices, a conference facility, even a work room containing a photocopier and other office equipment. This could result in considerable savings to your business.

Share your space with another business:

The flip side of an office share works also. If you've leased more office space than you need, inform real estate brokers that you would like to sublet the remaining offices. You may be interested in subletting to a business that also wants to trim its budget.

The following are some of the ways a company can trim its budget by consolidating with another company:

Share support staff and use online schedule managers:

Not every small business needs its own receptionist, accountant and other similar support positions. If your business is based in an office complex alongside other small businesses, check into sharing support staff. For example, instead of five receptionists answering five sets of telephones for five different businesses, technology is available that allows routing of various business lines into a single receptionist station. That would result in five businesses sharing the expense of one receptionist rather than carrying the financial burden of salary by themselves.

Set up a network and share better-quality equipment:

Instead of five different businesses operating their own copiers, printers and fax machines, check into setting up a network. That would not only be less expensive than running independent machines, but would save money
by having a more sophisticated copier that is capable of handling jobs that you
previously had to send out to an expensive printing shop.
 

 

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