Posts

Coworking Spaces vs Traditional Offices – What is Better for Small and Medium Businesses?

One of the most important, and desirable, benefits of using a coworking space is its flexibility as compared to traditional offices. You don’t have to commit to a long-term lease and everything – including utilities, internet, mail service and reception – is normally covered in your fee. At The Thrive Network all of these things are included in your monthly fee plus so much more – dedicated customer service staff, end of trip facilities, premium AV amenities and fully equipped kitchens.

Flexible lease options provide businesses with the ability to scale – up or down – without incurring extra capital expenditure and provide the ultimate balance of stability and cost-effectiveness.

Small to medium businesses can usually move in straightaway and occupy a space that is fully equipped. Desks, chairs, lockable storage, internet and phone connections are all ready to use. Spaces also come with a variety of amenities and on-demand meeting rooms and conference room arrangements.

What is a Coworking Space?

A coworking space or shared space office, often has an open-plan layout and is shared with a variety of other businesses and individuals who are members of the space. In order to maintain an environment of collaboration and communication, the spaces are typically filled with comfortable furniture, shared technology like printers and wifi and free coffee. Many coworking spaces, including The Thrive Network, also offer private offices and sectioned off team areas for larger businesses or for those who desire a level of privacy.

A good flexible workspace will offer a great environment and culture that is conducive to productivity, fosters creativity and inspiration, and encourages networking and collaboration. Social events for members of a flexible space allow companies to offer these benefits to their employees – community lunches, after work drinks, educational sessions and health and wellness offerings are all part of enjoying being a member of a flexible office or coworking space.

Most businesses will benefit from the countless networking opportunities that shared workspaces provide. Working alongside a varied collection of individuals, businesses, creatives and niches makes it easy to build your network, collaborate and find new clients.

What is a Traditional Office?

A traditional office is typically your own space, whether leased or owned, to be used exclusively for your business. If you’re renting the office, you usually have to commit to a term of at least five years and enter into a contract with the owner of the premises. Building out and furnishing the offices is also your responsibility along with connection of services and all utilities. This includes everything from finding the right internet connection to making sure you always have toilet paper in stock and the bathrooms are clean. Other expensive investments may also include building out meeting rooms and providing staff amenities. This could also involve you having to hire a dedicated person to manage your office.

A traditional office can reflect your branding and culture but at a steep cost – in contrast many coworking spaces will allow you to brand your own area and provide signage for you on their website or at the entrance to their space.

Coworking Space Melbourne

What kind of Amenities are available in a Coworking Space?

Amenities are one of the many benefits of a shared workspace. Coworking spaces provide so many options for the small and medium businesses and independent workers who use the space. Fully equipped kitchens, coffee machines, end of trip facilities including showers and lockers and hi-tech meeting rooms using the latest technology for hybrid meetings (webcams, conference speakers, etc) as well as large screens for screen sharing presentations, whiteboards and pinboards.  Bike storage and dedicated car parking are also available at many coworking spaces to ensure your employees can travel to work without any obstructions. Community managers or reception staff make sure the space is always running smoothly – you don’t need to worry about buying paper for the printer or teabags for the kitchen, it is all done for you!

Cleanliness in coworking spaces is paramount. Cleaning services are included in your monthly fee and cover professional cleaners coming into the space, as well as the dedicated staff at the coworking space continually sanitising and maintaining hygiene protocols in common use areas.

Private Offices vs Open Spaces

Some companies prefer to have a private office space within a coworking space. This could be because they regularly make a lot of private phone calls or need security for their client files. Other companies enjoy the open plan layout coworking spaces offer in their team or individual desk areas.

Private offices are lockable and can be branded with the company marketing materials. The office can normally be altered to suit the business using it and then simply returned to its original form once that company has moved on. A private office can also provide fewer distractions and be a quieter space than an open plan area.

Open plan spaces provide individual desks, team areas and flexible desks for different types of businesses. Many businesses and their staff love the hubbub of an open plan space – the chatter in the kitchen at lunchtime, the casual social interactions across the desks and the common collaboration areas which foster creativity and learning. Despite the desks being open plan, they are often sectioned into groups of 4 or 6 making them perfect for small or growing teams. At The Thrive Network our desks are large enough to provide social distancing whilst still being collaborative and they all include lockable storage and network connections.

What are the Benefits of a Coworking Space?

  • Flexibility
  • Lower Costs
  • Networking and Collaboration
  • Atmosphere and Employee Benefits
  • Built-in Office Management
  • Move-In Ready
  • COVIDSafe Workplace
  • Up to date technology and amenities

The rise of the hybrid workforce has made coworking and shared office spaces an attractive option for businesses of all shapes and sizes. The importance of flexibility cannot be overstated in relation to the bottom line of any business, and the mental health and wellness benefits provided by coworking spaces for employees of all businesses is paramount to creating a long lasting and dynamic company culture.

Want to find out more? Follow us on Facebook, Instagram or LinkedIn.

There’s no doubt that working from home has its benefits. The comfy clothes, lack of commute, readily available snacks. But how long before the shine wears off and you find yourself wanting to see other people in person, join in on a company lunch, or just get an answer to a simple question quickly and not have to wait for an email response? And let’s not get started about Zoom…

We have an easy fix for this – an office space designed for flexibility. A coworking space.

You can come in to the office space whenever you feel like you want to get dressed, see people, use some decent wifi and get free coffee. Or you can commit to a more permanent flexible schedule (that’s a thing now!) where you use a space to work from two to three times a week and spend the rest of your time at home.

Here are the top 10 reasons why working from home doesn’t always work…

1. Isolation –

living alone and being at home on your own all day and then again at night can start to have a serious impact on your mental health and wellbeing. As human beings we are hardwired to be part of a tribe and connect with others. The community and ambience at a coworking space and office space will give you the social interaction you crave to cure your loneliness and make you feel less isolated.

2. Kids –

we love ’em. We do. But not whilst we are trying to write a proposal / meet with a client / get literally anything done during our workday. Having a space away from the offspring is a definite bonus for your productivity.

3. Work / Life Separation –

perhaps you are not commuting to the office anymore, but working from home means you are always at work. Many people have stated that they have worked longer hours since being confined to their homes as they don’t ‘switch off’ at the end of the day. Instead they keep answering emails or doing what would normally be tasks to be done during a standard work day. It’s fine at first right? A few minutes here, a few minutes there; but before you know it it’s 9pm and you’re still on your laptop.

4. Distractions –

SO. MANY. DISTRACTIONS. I’ll just put a load of washing on. Get the dinner started early. Quickly pop to the shops. You’re being distracted to the point of not actually being able to focus on anything properly at all.

5. Lack of Motivation –

working in an office space with people who are focused can give your own productivity and focus a boost. There’s an energy about being around other people who are working that is contagious. Unless you are an incredibly self-motivated person every hour of every day, this is unlikely to translate to working from home.

6. Technology and Connectivity –

do you have lightning fast fibre wifi in your house designed to cope with large files, video conferencing and maintain a certain rate of uploads and downloads? I didn’t think so. One of the many problems of working from home is the patchy internet and the lack of access to the latest technology. A coworking space provides you with the best technology you can get, plus dedicated staff to help you when you have problems.

7. Meetings –

have you lost count of the amount of Zoom meetings you’ve had where you have told at least one person “you’re on mute”? And don’t start with the cameras not being turned on, the calls that drop in and out due to bad wifi, the dogs barking in the background or the poor lighting. Being able to have a face to face meeting with your team in a beautiful environment with premium AV facilities is worth its weight in gold. Scheduling a regular meeting room designed for exactly that purpose will re-energise your team.

8. Coffee –

I bought a coffee machine for home during COVID (like the rest of the planet) but it just isn’t the same as having a beautifully brewed latte at Thrive on demand. Not to mention the chai lattes, hot chocolate and the range of herbal teas that are also available.

9. Snacks –

working from home affords you ready access the pantry AT ALL TIMES. This is neither good for your waistline nor your hip pocket. You find yourself unmotivated and distracted because you’re working from home and you reach for a snack because, well, because you can. Pull yourself together, make yourself some lunch and bring it into your new flexible workspace. Leave the snacks for netflix and chill time.

10. Cost –

not commuting to work, paying for parking or buying your lunch everyday saves money but have you noticed your electricity bills have skyrocketed, your food bill is astronomical (see point 9 about snacks) and you keep running out of paper for the printer. You’re not actually saving money working from home you’re just channelling the funds elsewhere. A good coworking space (like Thrive) will have included all utilities, cleaning, paper, coffee, tea, wifi and more in their fees so you only pay one price and everything else is taken care of. You can even bring your own lunch and store it in our fridge.

Thrive offers a beautiful, clean, COVID safe environment with day passes, punch passes, part-time and full time memberships as well as private office space and meeting rooms. Starting at $25 per day, it’s a cost effective answer to your working from home problems. There are no lock-in contracts and no upfront fees. Come on in and try us out, you’ve got nothing to lose and everything to gain. Contact us today or read more about our COVID safe policies here.

Finding a home for yourself, your business or your team can be hard work. Researching, negotiating, setup costs and so on. It takes valuable time away from your real job – of running your business. So what are the things you should be looking out for when choosing a workspace?

Does your current space allow you to focus on your business?

If you are constantly working in your business – dealing with internet providers, filling up the printer with paper, buying coffee and paying utility bills instead of working on your business – it might be time to move to a flexible space where all these tasks are done for you and you have the ability to scale up or down without incurring unnecessary costs.

Does your workspace provide you with the technology you need?

To work effectively in the modern era employers and their staff need to be able access up to date technology such as hi-speed fibre internet, video conferencing facilities, printing and security, and the knowledge that there is IT support and backup to fix any problems, allowing seamless connectivity between a company and its clients.

Can you attract top talent into your business?

Eligible talent want more than just an office space. They want a space that supports positivity, wellness and mental stimulation. Quality design in your workspace should include spaces to be productive and collaborate with other team members, areas to have quiet time for serious work and places that encourage socialisation and connection. Light filled areas, plants and premium amenities including kitchens and end of trip facilities are a must.

How convenient is your office location?

Time is money and commuting to the office can take way too long out of everyone’s day. Choose a space that is close to public transport, has available parking and access to airports or major freeways. Having a workspace in a central, easy accessible location offers a level of convenience for your team. Any local amenities nearby such as cafes, restaurants or green areas are also a bonus!

Does your workspace support your business?

Making a home for your business within a shared workspace offers the added benefit of networking and collaboration with other like-minded business owners and individuals. A treasure trove talent pool of people who are dedicated to growing their future, just like you!

The Thrive Network has workspace for individuals, small businesses and larger teams to focus on doing their best work at the best value with flexible spaces, meeting rooms, private offices and collaboration spaces. Contact us today to learn more or organise a tour.

“Good conversation is as stimulating as black coffee, and just as hard to sleep after.” I don’t know about you, but I love a good quote. A catchy phrase or a few choice words can certainly improve your mood. But even if you prefer a latte, it’s hard to deny the power of a stimulating conversation.

We all know that good communication is an integral element to business success. Studies have shown that when a workplace focuses on good communication there is an increase in productivity and employee engagement. There is something empowering about a productive meeting. A room buzzing with activity, the gentle hum of constant chatter as thoughts are shared and problems solved. From one on one meetings and company gatherings to motivational letter boards, we are surrounded by the spoken and written word on a daily basis.

But could the recent global pandemic have highlighted the true value of not only words, but more crucially, positive words?

Touch has long been regarded as the most profound of connections. Even in the workplace touch is used for validation, celebration and general interaction, but Covid-19 has changed the way we live our lives. Social distancing is here to stay, at least for the foreseeable future. When we eventually return, the work environment will look very different. No more hugs, high fives, fist bumps, back pats or shoulder squeezes. Even everyone’s favorite ‘air kiss’ is a thing of the past.

But these ingrained habits are popular for a reason. They trigger the endorphin system in our brains and leave us feeling warm and positive. Human contact helps create a sense of comfort and well-being. In the absence of this, we have words. Moving forward we will need to verbalize a lot more things that we would normally express with touch.

At the beginning of a meeting, instead of slapping a few backs and shaking a few hands before getting down to business, we will rely on eye contact and a warm greeting. Thankfully, science has proven that positive words can actually strengthen our brain’s frontal lobe. A study where individuals read words of ‘loving kindness’ showed increases in self-compassion, mood elevation and reduced anxiety, while scientific research has shown that motivational quotes can make us feel the same as actually accomplishing something. And it’s not just us. Even the office plants benefit from positive words. In a study performed by the Royal Horticultural Society, researchers discovered that talking nicely to your plants helps them to grow faster!

Our ‘new normal’ won’t feel normal to begin with, but words and language used positively within companies, or by individuals working together, can impact morale and motivation, boost confidence and enhance performance. Positive reinforcement isn’t a new concept, but now more than ever, is the time for us to be proactive about creating small moments of happiness in our days. The way we interact with one another has been irrevocably altered. But while face masks and distancing will change the workplace landscape it doesn’t have to be negative. Whether it’s an encouraging comment in the corridor or an inspirational pick-me-up on a letter board, positive words really can make a difference and enable us to thrive.

These anxious and unusual times will bring unforeseen difficulties and while we can’t deny the need for positive communication, for those of us – like me – who will miss air kisses and fist bumps there is a socially distanced alternative. The Vulcan salute, will have to do for now. It worked well for Spock. Live long and prosper.

Mental health is one of the most important aspects of being able to succeed in business.

The workspace you choose to conduct your business is one of the most important decisions you can make.

There’s something special about a coworking space. The sound of quiet chatter, the hum of the coffee machine, the tap-tap-tap of fingers on the keys of a computer. Different companies, different industries and different freelancers working autonomously or collaboratively, but all sharing the same unique space.

Studies show that between 75% and 90% of coworkers love the personal connections that coworking makes possible. While statistics reveal that around 3.1 million people are currently using coworking spaces around the world. With this number estimated to grow to over 5 million in the next few years, it signifies more than just a trend, but a significant change in workplace culture.

Remember the classic sitcoms from the 80’s? Colleagues from a fictitious company would huddle around the water cooler gossiping about the interpersonal relationships of their fellow employees, or plotting their next move up the proverbial corporate ladder, before returning to their cubicle farm of desks to hammer away at their computers. The moment 5pm hit, they would clock off and head to the closest bar to continue the conversation. If you think it sounds amusing, you’re right. You just have to look past the 80’s dress sense.

But the office buildings of the 80’s and 90’s are disappearing. More and more people are moving away from the constraints of a typical office environment. According to recent research, only 6% of workers in the UK adhere to traditional working hours and they’re not alone.

The Future is Flexible.

Flexible hours, flexible work spaces, flexible bosses. Companies big and small are now part of the global economy. Modern technology means these companies are able to hire talent on-demand and these employees are able to work from anywhere. The rising remote work revolution has certainly meant more flexibility, but it has also left many employees isolated. Working remotely means that your colleague is no longer a few desks away. While the traditional job landscape is changing, one thing remains the same, the need for connection.

Connection is Vital

We’re all aware that connection is vital. Not just between employers and employees or co-workers, but between people. Being connected to others is important for our mental health and physical wellbeing and has been proven to improve our overall happiness. And happy people are more productive people.

Happy people collaborate more effectively, knowledge share more openly and put more time into nurturing workplace relationships. The corporate world is modernising and coworking spaces ensure the connection we crave isn’t lost. With lounge areas, hot desks, glass-walled private offices, write-on-the-wall meeting rooms, an abundance of greenery and a slew of inspirational quotes dotted around, coworking spaces not only bring people together, they promote productivity.

Rise of the Coworking Space

The popularity of the coworking space is showing no signs of slowing. Businesses and individuals are revelling in the constant supply of networking opportunities and the ability to foster new business contacts. They can collaborate with like-minded professionals in a modern upbeat environment that is highly motivating. With the annual Global Coworking UnConference reinforces the values to which the coworking movement aspires, including community, collaboration, learning, and sustainability. It’s no surprise the popularity of the coworking space is on the rise.

Dolly Parton knew long before the rest of us that working nine to five was no way to make a living. With 24 hour access, coworking spaces give us the flexibility to work when we want and the wellness and work-life balance to keep us happy. What could be better than that……

To explore the opportunities available for coworking and flexible space for your company, get in touch with us here.

At first glance you wouldn’t associate the word thrive with a global pandemic. With 68% of Australians being forced into employment change, the new normal is…