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Put yourself in the tech entrepreneur’s shoes; your digital products are developed remotely, so you have zero manufacturing and as far as office space goes, you have minimal needs. Money is always tight and when a contract comes in, you spring into action and arrange a Zoom call with your developer team; when tech startUps pool their resources, shared office space makes total sense, plus it drastically reduces your outgoings, with rent and utilities shared.
Wireless Broadband
This is one service the tech entrepreneur needs; having the ability to communicate in real time while on the move is a powerful tool. 4-5 small ventures would typically share 2 fully equipped meetings rooms that are set up for Zoom video conferencing. If you are about to move into new office premises, check out https://www.officefitoutsaustralia.com.au/, a leading fitout specialist with years of experience fitting out tech offices.
Sharing Costs
Splitting the rent 4 ways makes a huge difference, while power and telecommunications are also split evenly, enabling multiple ventures to share top quality office space. The very nature of tech products means that everything is needed yesterday and after a few days of doing nothing, your entire team is now working round the clock to meet a client deadline. Payments can be late and having minimal outgoings helps to keep you afloat.
No Visitors
Software developers do all their business using VoIP communication, so your office doesn’t need a reception area; all staff know each other, and a positive working culture can easily be established, with a recreation area where people can chill out. Remote working is a game-changer for employers and it greatly reduces your need for office space. Click here for ways to improve your business from the inside.
Video Conferencing
This is an essential platform for small tech companies; to have the ability to arrange a video meeting with 15 developers to plan a project and a fully equipped meeting room facilitates effective collaboration. Some outfits have 2-hour Zoom meetings per day while developing an app, one at the start and one at the end of the working day. Of course, lots of time zones are involved with remote developers and all parties know that real-time meetings are part and parcel of the industry.
State of the Art Office Equipment
The small businesses that lease a single office space would have access to photocopiers, scanners, hi-end PCs, laser printers and a dedicated Broadband server, which is all they really need. Most have virtual business addresses in Sydney or Melbourne and some use their virtual business services like receptionist and call handling. It is true that a tech startup can be managed from a single room and for many tech startups, this is how they began life, in the spare room at home. The fact that the product is digital means remote collaboration is possible, which is a win-win for all concerned.
If you are planning to launch a tech company in the near future, shared office space makes perfect sense and it won’t be hard to find other tech entrepreneurs with similar needs.
