Flexible workplaces are higher on the agenda

More and more companies, including many SMEs, are using flexible workplaces such as co-working offices. The main reason: uncertainty is one of the biggest challenges for small businesses. From the global economic outlook and political landscape to deciding whether to expand through more employees, a larger customer base or global expansion:

Companies need to make the right decisions to ensure their survival and growth. Many find it difficult to predict whether they will need twice as much office space in 12 months, or perhaps only half as much.

Choosing a flexible office is proving to be a rapidly growing solution for keeping the reigns on the cost of strategies. Many entrepreneurs are now opting for either flexible office space leases or working in shared co-working environments. A study by Regus reveals that 79 % of entrepreneurs consider co-working spaces to be more cost-effective than fixed leases.

• 79 % of respondents shared that co-working office spaces are more cost effective than permanent leases.
• 81 % of business owners said the money saved by flexible work practices instead of fixed leases should be reinvested in growth initiatives.
• Offices near the target market increased visibility (74 %) and help to better understand customers and markets (63 %).
• 66 % of respondents said their co-working spaces offered new business and project opportunities.
• 73 % of entrepreneurs believe that scaling up and down quickly, without incurring additional costs, is the main benefit of co-working environments.

You can find the full study download here.