{"id":8014,"date":"2014-07-17T10:00:00","date_gmt":"2014-07-17T14:00:00","guid":{"rendered":"https:\/\/www.wework.com\/creator\/?p=8014"},"modified":"2020-03-30T23:20:56","modified_gmt":"2020-03-31T03:20:56","slug":"start-startup","status":"publish","type":"post","link":"https:\/\/www.wework.com\/ideas\/professional-development\/start-startup","title":{"rendered":"What&#8217;s the best workspace for your startup?"},"content":{"rendered":"<p>When my dad started his business 20 years ago, he got an office in our hometown, joined the Rotary Club, and got a hardwired phone system that required a receptionist.<\/p>\n<p>But I\u2019m not sure he would\u2019ve gone that route if he\u2019d started a business today.<\/p>\n<p>After all, our smartphones and laptops allow us to work from the top floor of a skyscraper, underneath a rock, and while we\u2019re scuba diving.<\/p>\n<p>Many entrepreneurs are opting for a life without an office, while others are scrambling to co-working spaces and standard office arrangements.<\/p>\n<p>But, where should you start your business? Should you get an office in a city loft, work from your mom\u2019s basement, or join a <a href=\"http:\/\/www.wework.com\/\">coworking space<\/a>? I\u2019m sharing the deets to help you make a decision.<\/p>\n<p style=\"text-align: center;\"><a href=\"https:\/\/www.wework.com\/boston-workspace\/?utm_source=Taboola&amp;utm_medium=post-cta&amp;utm_campaign=Boston\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" alt=\"workspace_button\" src=\"https:\/\/www.wework.com\/ideas\/wp-content\/uploads\/sites\/4\/2019\/06\/workspace_button.png?resize=250%2C59\" width=\"250\" height=\"59\" data-wp-pid=\"9119\"><\/a><\/p>\n<h3><b>Go conventional with a standard office space<\/b><\/h3>\n<p>My dad opted for a standard office space back in 1991. It\u2019s a Victorian home in a convenient location for his employees and clients (not in a large corporate building on the highway, but it\u2019s still a brick-and-mortar office).<\/p>\n<p>Because my father\u2019s architecture firm caters to the local area, it\u2019s essential that he has a conveniently located office space that exudes professionalism, shows off his keen sense of design, and has a large parking lot.<\/p>\n<p><b>Pros<\/b><\/p>\n<ul>\n<li>If you\u2019re client-facing and often have meetings, it\u2019s great to have an office that is distinctly yours.<\/li>\n<li>Maintain complete control, especially if you buy. You can make your own rules.<\/li>\n<\/ul>\n<p><b>Cons<\/b><\/p>\n<ul>\n<li>Can get lonely, especially if you\u2019re a solopreneur.<\/li>\n<li>Can get expensive, especially as you grow.<\/li>\n<li>If something goes wrong, you have to fix it.<\/li>\n<\/ul>\n<p><b>Considerations<\/b><\/p>\n<ul>\n<li>Get a report on all hidden costs before jumping in. For instance, how much will you have to pay for energy?<\/li>\n<\/ul>\n<h3><b>Completely Remote or Working from Home<\/b><\/h3>\n<p>Because there are so many awesome communication tools, building a business from home is an attractive and inexpensive option. You can build your startup from the soft comfort of your bed.<\/p>\n<p>Get yourself a virtual phone system (Grasshopper), project management system (<a href=\"http:\/\/basecamp.com\/\">Basecamp<\/a> or <a href=\"http:\/\/trello.com\/\">Trello<\/a>), and chat software (<a href=\"http:\/\/grasshopper.com\/resources\/tools\/internal-communication-tools-yammer-lync-hipchat\/\">Yammer, Hipchat, or Lync<\/a>), and you\u2019re good to go. You can stay in touch with employees no matter where you are.<\/p>\n<p><b>Pros<\/b><\/p>\n<ul>\n<li>Inexpensive<\/li>\n<li>No commute<\/li>\n<li>Work from your luscious bed<\/li>\n<\/ul>\n<p><b>Cons<\/b><\/p>\n<ul>\n<li>Lonely (no colleagues, except virtual ones!)<\/li>\n<li>Potentially distracting, hard to have a good work\/life balance<\/li>\n<li>Annoying family members (will your spouse kill you?)<\/li>\n<\/ul>\n<p><b>Considerations<\/b><\/p>\n<ul>\n<li>Figure out exactly where you\u2019ll work. Do you have a distraction-free place where you can plug in? Perhaps your own office?<\/li>\n<\/ul>\n<h3><b>Coworking spaces: work with other entrepreneurs<\/b><\/h3>\n<p>If the thought of working from your apartment is killing you, coworking spaces are a good option.<\/p>\n<p>In these innovative and collaborative environments, you can get a desk, office, and even conference rooms. You\u2019ll also have the opportunity to work beside other entrepreneurs and small business owners.<\/p>\n<p>Coworking spaces are great for people who need a bit more socialization and want a collaborative community. They\u2019re usually designed well, making you feel like you work in a swanky office even if you can\u2019t afford it yet.<\/p>\n<p>Despite their (often) attractive, urban locations, coworking spaces aren\u2019t that expensive and have very flexible plans and no lengthy contracts.<\/p>\n<p><b>Pros<\/b><\/p>\n<ul>\n<li>Surrounded by other, like-minded small business owners and entrepreneurs.<\/li>\n<li>Affordable but still makes you feel like you have a swanky office.<\/li>\n<li>Usually in a convenient and attractive location.<\/li>\n<\/ul>\n<p><b>Cons<\/b><\/p>\n<ul>\n<li>The space is not yours and you play by someone else\u2019s rules.<\/li>\n<li>Must pay extra for a private office.<\/li>\n<\/ul>\n<p><b>Considerations<\/b><\/p>\n<ul>\n<li>Go take a tour of a few co-working spaces before committing or attend a few of the space\u2019s events. Talk to some other members about how they like it.<\/li>\n<\/ul>\n<h3><b>Questions to ask yourself before diving in<\/b><\/h3>\n<p>Before you get a business loan to lease out an office space, ask yourself some key questions. Having answers to the following will help you prepare to make a decision that will greatly affect how you build your business.<\/p>\n<ul>\n<li>How much can I afford right now without selling my children, car, or soul?<\/li>\n<li>Is this the right location for my current employees and the employees I\u2019ll wish to hire?<\/li>\n<li>Will this office space make me seem professional?<\/li>\n<li>Is there parking? Does parking matter to me, my clients, or my employees?<\/li>\n<li>Are there any hidden costs? (Computers, electricity, office furniture, parking tickets, etc.)<\/li>\n<li>How easy is it to make a change if I decide it\u2019s not right for us?<\/li>\n<li>Will I be able to grow my company in the space? How long do I plan to stay?<\/li>\n<\/ul>\n<p>There are many options available for a new startup, but it\u2019s important to consider what will be best for you and your future company. After all, your workspace is where you will build and grow your company; make sure it\u2019s the right fit.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>When my dad started his business 20 years ago, he got an office in our hometown, joined the Rotary Club, and got a hardwired phone system that required a receptionist. But I\u2019m not sure he would\u2019ve gone that route if he\u2019d started a business today. After all, our smartphones and laptops allow us to work [&hellip;]<\/p>\n","protected":false},"author":1221,"featured_media":8145,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[43902],"tags":[],"class_list":["post-8014","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-professional-development"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.4 (Yoast SEO v25.3.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What&#039;s the best workspace for your startup?<\/title>\n<meta name=\"description\" content=\"When my dad started his business 20 years ago, he got an office in our hometown, joined the Rotary Club, and got a hardwired phone system that required a \u2026\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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