How to Save Money While Using a Coworking Space

The idea and implication of coworking have revolutionized the way we do business. No longer does one require large office spaces to start their company. This in turn has allowed several start-ups and entrepreneurs to commence on their business dreams with ease. Coworking has also changed the way we think, wherein, now, people are more comfortable about sharing ideas in the hope of supporting each other for mutual benefits.

While using a coworking space undoubtedly reduces overall expenses, there are still ways that can help you further save money. These are particularly useful for freelancers or smaller companies who are just starting out and are looking for any way to survive a little bit longer. By making a tiny bit of an extra effort, you will find that it is quite easy to save more from your coworking experience.

Avoid the Rush Hours

If you are using a coworking space for the first time, it might surprise you to know that they, too, have rush hours. The funny thing about coworking is that although it allows people to be more flexible, you are still more likely to find individuals using the space during the standard office timings of 10:00 am to 5:00 pm. As a result, most coworking spaces have special discounts for their customers who want to come in really early or stay late. If your work allows, use these offers to save on internet usage fees or maybe even to grab a cup of coffee from the in-house café for free.

Skip the Rooms

Most coworking spaces are divided into different sections. You will find that there is typically a large open plan that has multiple work stations and large community tables. However, there will most likely be smaller, more intimate rooms available as well. These are generally used by companies to have meetings with their employees. Still, if you are working alone or in a small group, avoid the rooms which incur some extra cost. Also, by being out in the open, you can interact more with the people around you. If there is one thing you can learn from the top brands of the world, it is that visibility matters, and by being in the public eye, you are more approachable and noticeable. This then allows the flow and exchange of ideas with others, one of the significant advantages of being in a coworking space.

Be Regular

A lot of freelancers jump around from one coworking space to another, picking up temporary deals that they feel might help them save money. However, you can gain a lot more by being a regular at one space. Most coworking establishments have special rates for customers who visit daily or weekly and will occasionally throw in freebies too. Furthermore, patrons generally get better service by being regular as they can form a rapport with the staff, who, in turn, are more than happy to go out of their way should a technical need arise.

 

Bring Your Own Coffee

Now, most coworking spaces have a café in place that helps them earn a second income from their establishment. Although moderately priced, you can definitely save money by bringing your own sandwich and coffee from home. Some places don’t allow outside food, and thus, it is always good to know the rules and regulations of the coworking space beforehand if you plan to use it long term.

Ajay Deep

Ajay Deep is the brain behind Coworking Mag. He founded this website to help startups and aspiring entrepreneurs find a coworking space in their city. He is a successful entrepreneur who started and scaled a bunch of startups – all from shared office spaces. He has visited hundreds of coworking spaces in different countries and is now an investor in this evergrowing idea of developing new coworking spaces. You may reach Ajay Deep at hello@coworkingmag.com