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Why Small Business Should be Sharing Office Space

The Business Exchange visitors are welcomed into a professional, upmarket and spacious interior fitted out with the latest contemporary furnishings and fittings. Collaborative common areas include fully-equipped meeting rooms as well as informal seating areas, lounges and entertainment venues. The strategically-designed open plan areas are designed to encourage encounters between tenants who share offices, in order for them to network and brain-storm for new ideas and insights.

A shared office, or co-working space, refers to office areas that are shared by independent, individual entrepreneurs or businesses and are rapidly gaining popularity in South Africa – especially with small and medium-sized businesses.

This idea is not a new one and was first initiated overseas in the mid 2000’s as entrepreneurs started establishing their own small companies in response to the slow economic climate. However, working as an entrepreneur can tend to create a feeling of isolation, as these types usually lack a support structure when confronting daily business issues. By sharing office space at The Business Exchange, high growth entrepreneurs and smaller businesses are able to network with each other to develop new ideas whilst still conducting their general day-to-day business activities – all in the heart of the prestigious Sandton CBD.

WeWork is a similar provider of shared office space, largely to start-up companies, in the USA and Europe. This young company has filled its shared offices with dynamic and creative entrepreneurs full of free coffee and conversing between business deals in the on-site eventing spaces, conference rooms and restaurants. The hype is tangible and encourages small and medium-sized businesses to trail blaze their way to success by fostering creativity and collaboration.

In addition, the benefits of sharing an office in terms of savings on reception, internet, printing, security, etc. allows companies to channel their finances into other worthwhile business efforts such as; product development, sales expansion or even hiring additional top-notch employees.

Tenants who take up The Business Exchange’s Shared Office package enjoy an exclusive workstation with full IT backbone infrastructure in open plan offices for just R3000 per month. Tenants also have access to a private business lounge as well as fully equipped meeting rooms; free secure parking on the premises and most importantly, the best, free, Barista-served coffee to start your morning.

Becoming a tenant at The Business Exchange exposes companies to a network of like-minded business owners and professionals all with a common goal – to grow business, conclude deals and create larger market presence through beneficial relationships and networks.

Furthermore, The Business Exchange also provides an opportunity for investment-ready companies to access potential investors – proving once again, that it is more than just a Landlord.

The Business Exchange is currently offering tenancy to a wide variety of companies, including those in financial services, IT, telecommunications and property.

Contact us at officespace@thebusinessexchange.co.za for further information.

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