1. Reduce Financial Risk
Coworking spaces and serviced offices allow you more room-to-breathe financially as you can tailor packages to meet your exact needs and requirements, paying only for what you need and therefore minimising unnecessary expenses. With monthly invoicing covering all office, reception, furniture, cleaning, telecom, etc. expenses, the forecasting of your month-to-month cashflow and capex are significantly easier to not only manage, but optimise. This is incredibly advantageous as the hardest cost to minimise for SME’s are inherently the overhead costs required in traditional long-term leases.
2. Minimise Security Risks
It’s critical that businesses secure both their company data and that of their clients. A 2019 Australian Government report revealed one cybercrime is reported every ten minutes. As more professionals work from home, the risk of cyber security breaches is set to increase. Victory Offices’ flexible workspaces have an entire network of security measures put in place to prevent cyber attacks on your intellectual property.
3. Scalability
Coworking and serviced offices provide the freedom and flexibility to scale up and down at short notice. As businesses expand or reduce their workforce, flexible workspaces allow them to adjust accordingly with ease. Companies can have a full desk and IT setup essentially straight away, enabling them to get down to business immediately, as it’s simply ‘plug-in and play’. Whereas standard commercial leases are cumbersome, unadorned, lengthy, and can demand huge notice periods, making scaling to meet your business’ needs difficult, be it temporarily or permanently.
4. Focus on Core Business Operations
Business owners who utilise the advantageous services of flexible workspaces can ensure the seamless running of their business knowing that their administrative tasks are taken care of. Forget IT setup, daily cleaning, and reception duties, it’s all taken care of when you’re with a serviced office provider, so you have more time to focus on what really matters, your business.
5. Employee Acquisition and Retention
In this extremely connected and competitive occupational world, employee expectations and needs are everchanging. 84% of Australian workers would choose a job which offered flexible working over a job that didn’t. This includes working from home, working from a nearby location, working on the move, or just some breathing space to balance work-life commitments. If businesses want to succeed, they need to meet the ever-adjusting needs and expectations of employees and adopt flexible workspace strategies to help ensure they don’t risk losing out on top talent.
Generation Z will soon entail the majority of the workforce so it’s important to adapt your workplace and its benefits to this ‘digital generation’. By 2030, it is estimated that 30% of corporate real estate will be flexible. Get ahead of the game and consider a flexible workspace to obtain that winning edge over your competitors whilst also alleviating office expenses and operational restrictions.