A growing pattern reveals that the majority of startups choose to run their business from home, but your home office may not be a suitable environment if your startup is growing and you want to bring more people on board or meet with clients. It can also be difficult to separate home and work life, which actually increases your risk of burnout.
Although, working remotely from home might look appealing as due to current pandemic were in, it does however challenge the longevity and productivity of business, especially startup companies. Thus, in a post-COVID world, startups are slowly skewing towards opting coworking spaces due to the various economic and tactical benefits they have to offer. From fluid leases, shared resources and a space for flexibility, here are our top reasons on why coworking spaces are the key to allow your business to flourish.
As we scale towards the era of the sharing economy, we see more successful business models based on shared consumption. Coworking is no different, which works on the principle of shared resources from pantries to coffee machines, housekeeping to sharing the same IT infrastructures. This allows startups to not wallow into the burden of spending on these as it’s distributed among all your coworking members and hence, more amenities and equipment are available at a fractional cost.
Our coworking spaces are equipped with modern facilities, world-class amenities, and has the added benefit of being strategically located across KL and PJ. With us, you will gain access to world-class facilities such as concierge services to personal butlers, nap rooms, and recreational areas such as a sky gym and swimming pool just by signing up as a member.
The key benefit to coworking spaces is flexible on the commitment level and leases period. A lease agreement can be based on a day-to-day or month-to-month basis. Coworking spaces are generally a cost-effective option compared to a traditional office that comes with fixed terms of at least six months.
In Colony, we provide different types of products that enable business owners to choose their preferred way of working. It ranges from a day pass to a private office. With us, business owners are not tied into a long contract, allowing greater flexibility for your business to upscale or downscale without bearing the need for reducing or increasing your infrastructure. This unique feature of our spaces lets you keep your company nimble and agile as you choose to reduce or increase your seats at our space at any time.
Due to the outbreak of COVID-19, clean and hygienic workstations most certainly checks in as an important element when it comes to choosing an office space. This situation incurs more cost for a company in order to keep their employees safe and offices sanitised.
At Colony, our mission has always been to elevate your experience at work and that means making sure that we provide a safe environment for you when you come to work. So, our team has been fully focused on getting our centers up to standard and making new changes to the way we operate to ensure the safety of everyone who walks through our doors – including our guests, visitors, and employees under our wing.
Read more about our COVID-19 Safeguards and Guidance at Colony.
Maintaining a healthy work-life balance is not only important for health and relationships, but it can also improve your employee’s productivity, and ultimately performance. To paint a picture, if your employee doesn’t view work as a chore, they are bound to make fewer mistakes and are more likely to become advocates for your brand making their task, not just another to-do list but make it something worth putting all the effort into.
Businesses that gain a reputation for encouraging work-life balance have become very attractive – especially when you consider how difficult it can be to attract and retain younger workers these days. Hence, incorporation of the importance of work-life balance for your startup will help you draw a valuable talent-pool for new recruits and boost retention rates that convert to saving your business time and money, whilst ensuring a high level of in-house talent.
We understand the nature of starting a new business with limited cash. However, there is also the edge of having a professional business address and beautiful workspaces to provide potential buyers with the confidence you need from them.
Are you starting a new business and looking for a space that gives you a much-needed edge? Our Business Starter Kits are designed to provide you with flexibility and stability at the same time by combining our prepaid passes and VIRTUAL OFFICE KL services.
If you’re looking to try out our space for a day, don’t forget to take advantage of our first-ever promotion on our Day Passes – enjoy a Day Pass at Colony at 50% Off [RM30+ after discount] for the entire month of August!
With this plan, you can utilize any of our five COWORKING SPACE KL of your choice and access our spaces for work.