If you are like most start-ups, one of the biggest challenges is deciding when to move out of the home office and into a nice commercial office suite.
The home office can be convenient and cost-effective, yet it can also be isolating since it is likely not conducive for meetings with colleagues, clients or vendors. Committing to a commercial lease is challenging because most landlords require a three to five year lease term and strong financial statements.
The unpredictable and potentially exponential growth of a start-up can make committing to a long-term lease nearly impossible. Without a strong financial history of two years or longer, landlords could require large lease deposits, tenant funded improvements or a personal guaranty of the lease obligation.
I have a solution! It is the Co-working Space.
Co-working spaces are perfect for this exact situation. These shared work-spaces provide a productive, professional and collaborative work environment with maximum flexibility. Entrepreneurs and start-ups can choose to lease shared desks, cubicles or private offices; and most spaces also offer conference rooms or large meeting rooms available for lease.
Monthly rates are typically based on usage and can range from as little as $10 a day to a low $25 per month or about $500 per month.
With a co-working space such as Hera Hub (shown above) you’ll benefit from the luxury office image their membership provides with all the amenities you need, without the luxury overhead costs.
Hera Hub membership is for career minded women, but there are other co-working spaces throughout San Diego. These great work environments can facilitate collaboration and networking between fellow members and also provide you with additional credibility that a home office or meeting at a local coffee shop fail to provide.
Co-working has proven to be a viable solution for many small business owners and this concept continues to expand county-wide.
Let’s Talk Some More!
Tell me the type of Co-Working space or small office lease that might fit your budget today.