August 6, 2024

How to reduce expenses with Coworking Vs. Traditional Rent

Most of today’s entrepreneurs are looking for flexibility, not an office.

As business owners, we are constantly thinking about how to keep the costs down. In today’s real  estate market, with booming interest rates and skyrocketing rental agreements, that can almost feel  impossible. When you have hit that threshold of working from home or a coffee shop and are finding  you need a more professional atmosphere and to grow into the next phase of your business, it’s hard to  know what to do next when you look at the numbers. That’s where coworking and shared workspaces  come in. Most of today’s entrepreneurs are looking for flexibility, not an office that they pay an  exuberant amount of rent for that they never use. Being married to a serial entrepreneur, I can tell you firsthand how much he does not want anything to hold him back, including a 2-5 year lease. Most of the  time, when you are starting out, you don’t even know what your business will look like in 2-5 years!

Here at The Foundry Workspaces, we offer 4 memberships that cover all budgets, hours, and all types  of workers. Unlike other co-working spaces, The Foundry makes sure to keep costs low by only offering  amenities that are needed for a productive workday without all the fluff. We wanted to make sure that no matter where you are in your business, from start-up to well-oiled machine, that we would have a  space that is right for you...AND your finances. By paying for office hours you are using, you can  streamline your books and cash flow. We also offer a variety of space options so that you can grow your  business in stages. If you are a digital nomad, we have lounge space for you. If you need to have space  to bring in clients, we have offices and conference rooms. When you start to grow your team, we even  have office space that can fit up to 4 people. This gives you the opportunity to grow your business in  stages. That’s why coworking vs traditional rent can really help to keep your expenses low. 

Be sure to check out our membership types here: https://thefoundry-workspaces.officernd.com/signup?office=66510145541f741ac1aa4f1e