Many businesses face the dilemma of buying versus renting an office space in Indonesia, especially for small and growing businesses. There are pros and cons for both circumstances.
For some business owners, not owning an office space is just absurd. But for others, buying an office space means they have to fork out a huge amount of money upfront, not to mention the expenses for monthly maintenance, utilities, and other upkeeps.
It is understandable if you want to own your office space because traditionally, physical office space means high productivity. But now given that coworking spaces, serviced office or private office solutions also offer the same benefits of a purchased office, and perhaps greater, renting may be a better and cheaper option for you.
If you are still on the fence wondering whether you should buy or rent an office space, here are the reasons to make you realise that renting an office space is, in fact, more beneficial than purchasing one.
YOU GET TO NETWORK WITH PROFESSIONALS AND ENTREPRENEURS
Having your own office space is good because it is yours, but in your own office you only get to meet the people you hire. And chances are, they are the only professionals you will meet. Therefore, there is almost no opportunity for you to network and meet potential partners or investors.
On the contrary, if you rent an office space such as coworking spaces, serviced offices or private offices, you actually put yourself and your business out there. As such, you will get to connect with professionals and entrepreneurs of different backgrounds and industries.
Not only that you will be motivated by all these hardworking and like-minded people, but you may also encounter people who will be your potential partners or investors.
You will get a lot more networking opportunities in a coworking space because coworking spaces often host different workshops and networking events and workshops. The goal of these events and workshops is to encourage meaningful and innovative collaboration, new talent discovery and business growth.
YOU CAN ENJOY COMPLETE AMENITIES
The services and amenities at coworking spaces and serviced offices are getting better and there is no question about that. This is due to the fierce competition between providers, greater demand and higher requirements.
Amenities and facilities you will see at coworking spaces and serviced offices today are meeting rooms, conference rooms, a chill-out room, printers, fax and photocopy machines, reception services, etc. Some of them may also include a yoga room, designated parking spaces, and refreshment area.
You pay nothing extra for these amenities, and all the utility costs are covered when you rent a coworking space or a serviced office.
YOU HAVE THE FLEXIBILITY TO UPSIZE OR DOWNSIZE
Having the flexibility to scale up or scale back without any major losses is probably why a lot of small business owners embrace renting a coworking space or a serviced office. You can rent the space for a long period of time or just for a short-term period.
When you buy an office, you will have to commit to long-term mortgage. Therefore if unfortunately you business does not work out the way you want it to, you will be stuck and it makes downsizing your business much more complicated.
COWORKING SPACE AND PRIVATE OFFICE SOLUTIONS FROM CEKINDO
Cekindo offers convenient coworking spaces and private office solutions inspired by aspiring entrepreneurs and creative businesses. Our energising and flexible workspace solutions, located in the most fast-growing and vibrant communities, are created to help you bolster your professional and personal potential.
In addition, our agile workspaces encourage beneficial partnerships to help your business scale new heights. Whether you need to find a short-term workspace solution, hold a meeting, work remotely, or get a long-term place to hustle, Cekindo has a spot ready for you for every situation.
Our office solutions are available in Jakarta, Bali and Semarang. Get started with Cekindo now, we manage it all. Hit the “Chat with Us” button.