Working from home can be wonderful but it comes with numerous distractions such as loud noises, inconsistent network, household responsibilities, etc. These harm daily productivity. Proper organization and structure in your work environment are essential to meet your business goals.
Whether you are the owner of a business or an executive with the task of finding a satellite office, you are likely to be presented with two different office space types- An Executive Suite or A Traditional Office Space. There are similarities as well as distinct differences between the two space models.
Conventional Office Space:
Leasing a traditional office space generally usually requires a longer-term commitment of about 3-5 years. It comes with common areas like a shared lobby and community restrooms.
The conventional office setting works perfectly if you have multiple employees and own a large business. However, if you have a startup, branch office, or small business, you may consider executive suites as an alternative.
Conventional office spaces are professional and each amenity can be leased individually. The thumb rule with traditional office spaces is that the longer the lease period, the lower the price. This is because there is a minimum of square feet that you can lease in a traditional office space.
Executive Suites:
These office models are smaller yet furnished individual spaces that come with a variety of amenities. For instance, executive conference rooms, high-speed internet, community break rooms, etc. Some of the providers even offer complimentary beverages.
The executive suites can be leased for a shorter term (6-12 months), making them quite affordable. They allow business owners to help in displaying a professional image to their clients through modern amenities.
You can immediately start working since executive spaces are fully furnished. The rent terms are flexible. Since the common areas are included, small business owners can rent less space. They work on a simple ‘plug-and-play’ model.
They come fully furnished with artwork, internet, and a phone. Unlike traditional office spaces, executive spaces can save you from long-term commitments.
Benefits of Shared Spaces:
A shared workspace can benefit your business in several ways:
- Enhanced Productivity: Multiple distractions in home settings can downgrade the productivity of employees. Shared spaces provide a structure and a professional place that is free from the hassles of public life.
- Networking Opportunities: Working alongside other entrepreneurs and business owners will help in building working relationships. These connections can open doors for new opportunities in your business growth. The communal areas foster interaction and build a sense of community.
- Flexibility: A huge benefit of a shared office environment is the flexibility to create one’s schedule and work uninterrupted. A professional business address with low overhead, well-equipped conference rooms, for a required period is appreciable. If you aren’t capable of a multi-year commitment, you can choose executive suites.
- Add-on Amenities: While executive suites come with utilities and supplies, you can add just the required ones in your conventional office space. This helps to reduce overhead costs and provide an affordable working environment.
While telecommuting offers a flexible work environment and minimizes overhead costs, it comes with numerous distractions. The executive suites are ideal for seasoned business owners, startups, branch offices, etc. On the other hand, large business owners generally opt for traditional office spaces.
Finding a suitable workspace that is beneficial for your business doesn’t have to be an overwhelming process. You just need to know what you are (or are not) paying for.
As you know, the right work environment can either contribute to your business’s growth or hinder it. Thus, a clear understanding of what’s included and excluded is important before you sign the lease.
Working in a joint space can be an excellent experience if you choose the right provider. Waterford Executive Centre brings to you an attractive, inviting, and modern state-of-the-art facility where professionals can work and offer the best first impression to their clients. Our 20 all-perimeter executive suites in Bonita Springs are fully furnished with mahogany furniture, leather chairs, and adjacent workstations.
If you are looking for convenient and affordable executive suites in Bonita Springs, schedule a visit to see what Waterford Executive Space has to offer. Get in touch today!
