Traditional office spaces are the anchor holding most small businesses back.
They’re the first and most expensive barrier to entry. If you’re getting into a lease, most of the time, it is a much longer term, which means you’re committing to a larger dollar amount. So if you’re committing to a five-year lease at $1,000 a month, you’re committing to $12,000 every year, which means you’re committing to $60,000.
And that’s not other counting major expenses like
- Build-out: $10,000–$40,000
- Wi-Fi: $1,200–$3,000/year
- Utilities: $2,000–$5,000/year
- Building insurance: $1,000–$2,500/year
- Triple net (NNN) expenses: $3,000–$6,000/year (taxes, fees, & insurance the property owner passes that on to you)
So, over five years, including all these additional costs, the total could range from $80,000 on the lower end to $150,000+ on the higher end. This does not include unforeseen costs, such as repairs or maintenance, which are often part of the tenant’s responsibility in traditional leases.
Because you don’t have flexibility in traditional office pricing and you’re drowning in these expenses, now all your time and effort goes to chasing rent pay. Your goal is no longer to grow your business.
But it doesn’t have to be that way.
The Future of Work: Unlocking Growth with a Shared Office Space Tulsa
Shared office space Tulsa options offer a significantly lower barrier to entry.
For example, at Catalyst Coworking in Tulsa, it’s only $77 to get your business started. Because it’s really easy to get established in a shared office space Tulsa provides, you don’t have to worry about chasing rent pay. And once you start generating some revenue, you can instead invest your time into scaling your business.
If you need more space or resources as your business grows, upgrading to expand is very affordable in a shared office space Tulsa community.
With a coworking space, you also unlock new relationships that are equally as valuable to cost savings.
You get connected with a lot of people who are also on that growth journey. Entrepreneurs can point you in a good direction to help you grow and help connect with something you need or hadn’t thought of before.
The relationships you can build are huge.
Elevated Customer Experience Without the Hassle
Working in a coworking space, you don’t have to stress about customer experience.
If you’re meeting customers at this location, they get to walk in and experience someone who professionally designed the building and interior. The only thing you have to have is your desk space or private office.
You can also enhance their experience by meeting them in your coworking conference room, lounge space, outside area, coffee bar, or silent meeting rooms.
Shared office space Tulsa companies will also make sure the cleaning is taken care of for you (and yes, even the microwaves). This makes your burden of responsibility even lower, allowing you more time, money, and energy to focus on building your business.
How Shared Office Space Tulsa Fueled Growth for Catalyst Business Solutions
I got to experience this cost-effective growth with my company Catalyst Business Solutions, which began in a shared office space in Tulsa.
We started just using the basic open workspace plan and we slowly built up to using one of the larger private offices. We didn’t need anything more than that. We just needed a private space where we could work to grow our company.
Our team is entirely remote, so no extra space is needed. We can even pay for each of those employees individually to have a coworking membership elsewhere if they’re not local.
Had we gone the traditional office route, it would have strangled our business growth.
I saw this most painfully with a marketing firm that performs similar tasks to us in town, who went the traditional leasing an office path. They have to charge more than triple what we charge because they are paying $6,000-$7,000 a month for their lease. And if their expenses increase (which most of them will) every year, they will have to raise those prices even more.
Because I started with a shared office space Tulsa offers for a fraction of the cost they were paying, I was able to price my services for less. This drove the target audience to me because they had too many costs to cover. This effect only compounds as more entrepreneurs who provide business solutions like me enter the market.
So, if you’re tired of your office space holding you back, shared office space in Tulsa can be the game-changer your business needs to grow without breaking the bank.
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