Are shared office co-workable Spaces Profitable?
How do you evaluate profits?
If you include prospective or expected revenues, such as referral fees, products, virtual office leases, and employee assistance, which is a paradigm in which a trusted participant takes on most of the coworking space management duties, you will be able to become one of the 87% of successful coworking space workers that talk in favor of having a coworking space as a proper working space.
If you were to lease your own space, classifying the expenses along with the paychecks you have to sign can be a quite cumbersome and exhaustive task. Not only you had to put in the time to get and materialize business, but a major chunk of your energy goes into how to upkeep things like office maintenance, drinking water supply, electricity bills, etc. On the contrary, bringing your business into a coworking space certainly rids you of the added burdens, which you had to evaluate and calculate if you were on your own premises. The very first profit you make a coworking space is a profit of ‘Peace of mind’ as all you need to bother is how to get business and make profits.
In coworking space, all you need to do is just minus the annual membership fee you paid, divided by 12 from the monthly monetary gains you make while working from a shared office. And voila! That is all you got to calculate to evaluate your monetary productivity, your profits.
Here’s your answer to - Are shared office co-workable Spaces Profitable?
Yes, indeed the coworking spaces at Gowork are profitable because open spaces have shown to increase productivity and they are valued by the working class at workplaces. There are certainly numerous ways Gowork can turn a coworking space into a profitable business proposition. We pay attention and see what we've got, what we can offer and what our people need.
New age coworking spaces are about dissolving the divisions between teams and staff, putting them together in more accessible environments, both in space and time, to create innovative economic models for the common benefit of all users. Anything that can promote their employment or social life can be added as an inclusion in their membership description.
One of the popular business studies showed that approximately 68% percent of all private-owned coworking spaces with 50 or more participants would make a profit. Coworking space takers with 10-49 participants are the most likely to close by around 80%. Hence, there is no denying the fact that along with being warm, welcoming and appealing coworking spaces at Gowork turn out to be profitable as well for majorly all sorts of businesses.