How OE Arlington-Rosslyn Can Help Scale Your Business Without the Overhead
As a business owner, you’re likely looking for ways to grow your business. Unfortunately, there are numerous hurdles to scaling businesses, including overhead costs.
Overhead costs are particularly problematic if you operate a brick-and-mortar business. It doesn’t matter if you rent or own office space — costs like utilities, maintenance, and staffing expenses can occupy a large proportion of your operational budget, especially if you’re occupying a space long-term.
But what if you could scale without worrying about how much doing so would cost you? This is where coworking spaces come in.
Executive shared space has all the amenities you need to operate your business. However, these spaces shine by enabling you to scale with agility without added overhead.
How? We’ll answer this question and more below.
Understanding Overhead in Traditional Office Spaces
When we talk about overhead costs, we mean recurring expenditures for operating your business, exclusive of employee wages. Right away, these costs can be:
- Rent
- Utilities
- Equipment
- Maintenance
- Mailing services
- Administrative Staff
These expenses exist to keep a brick-and-mortar office space operating and maintained. While necessary, they can also be obstacles when you’re branching out or scaling, as you have to pay more of these costs.
Luckily, there’s a way to grow your business without added costs — leasing offices in a shared workspace.
By leasing offices in a coworking space, you can determine precisely how long you want to occupy the space. Most importantly, overhead costs are fixed in coworking leases, meaning you can have more left over in your budget. The flexibility and affordability of these shared workspaces don’t just make your operations more cost-effective but enable you to scale with agility.
The Flexibility of Shared Office Spaces
Traditional office spaces may not be conducive for scaling because they require long-term lease commitments. If you don’t want to be tied to a particular location or length of time, a coworking space is a better alternative due to its flexibility.
Executive shared spaces are often available on a pay-as-you-go arrangement. This means you can lease a space for shorter timeframes (like a month) and choose to rent it again for as long as you want. Some flexible office space locations even offer rates for day-to-day usage, which is a game-changer if you’re operating remotely.
Reducing Operational Costs
Perhaps the most notable benefit of coworking spaces is how affordable they are compared to traditional workplace setups. When renting a coworking space, part of your monthly payments includes amenities and utilities. In other words, overhead expenses, like utilities, internet, and maintenance, are already included.
You can also expect your operational costs to decrease because of shared equipment and resources like printers and office supplies. Some flexible office space locations, like our Arlington-Rosslyn location, have meeting rooms you can rent as part of your lease agreement.
Access to Professional Amenities
Adding amenities to any workspace can incur hefty fees, especially if you’re a growing business. Luckily, coworking spaces have the amenities you’ll need, from high-speed internet and mail services to private offices and conference spaces. Virtual receptionist services are also among the amenities for some spaces, meaning lower administrative and staffing costs.
Plus, there are other amenities you can look forward to at Office Evolution Arlington-Rosslyn:
- 24/7 Access
- Full-Service Fitness Facilities
- On-site Receptionist
- Training Room
- Complimentary Refreshments
The amenities in coworking spaces can make starting a business and scaling more manageable. Besides taking out the guesswork and costs of equipment selection, these spaces can also reduce your staffing and administrative expenses.
However, perhaps the most critical benefit of coworking spaces is how they enable your business to look more professional, even if you’re just starting.
Networking and Growth Opportunities
Collaboration and networking are essential for any business looking to scale. In coworking spaces, you and your team will be alongside other entrepreneurs, freelancers, and business owners who share the floor.
The proximity to other business owners and freelancers enables you and your team to network and collaborate with like-minded individuals who can be instrumental to your scaling operations.
Scaling Without the Hassle
Ultimately, being able to scale is all about having the flexibility to do so. With a coworking space, you can move to a smaller or larger space, accommodate more team members, and rent a second space without being contractually obligated to a single brick-and-mortar location long-term.
The result is better agility as you grow your business and adapt to circumstances without long-term commitments or additional overhead costs.
Scale With Confidence and Agility Without the Added Overhead
If scaling is part of your plan (and it likely is), choose a shared workspace that enables you to do so affordably. Most importantly, whether a coworking space or a dedicated office, your office space must provide you with the flexibility you need to grow and adapt at a pace that feels right for you.
We’re here for you if you need a home where your business can grow. At Office Evolution Arlington-Rosslyn, we provide virtual office, coworking, and dedicated private office solutions at our business center that are conducive to short- and long-term operation. We offer meeting rooms, executive offices, hot-desking in a shared workspace, coworking lounge, business address, and virtual receptionist services. We have many options and price points, and all terms are flexible. Plus, you become part of a community of like-minded professionals.
Whether you live in Washington, D.C., Rosslyn, Arlington, Fairfax, Falls Church, Georgetown, Alexandria, or the surrounding areas in the DMV and northern Virginia, choosing Office Evolution Arlington-Rosslyn in Virginia will help you be more professional, productive, and profitable.