How to Scale Your Startup
Posted by Jennifer Thomson on September 3, 2021
Scalability is an attribute that describes the ability of a process, network, software or organization to grow and manage increased demand. A system, business or software that is described as scalable has an advantage because it is more adaptable to the changing needs or demands of its users or clients.
-- Technopedia
Starting a business is only the first hurdle. Once you have an actual business with customers and revenue, you actually face a much bigger task: how to scale and grow that business. This can be tricky because the stakes are higher - you now have something valuable to protect.
This is made more difficult based on how unpredictable this growth can be. It may take years to get to more employees, or it could take months. How does one plan for the future when you can't be sure how long until you need more space, or can't necessarily afford to rent or buy offices in desirable locations?
This process of trying to grow, increase revenues, and manage expenses can be a challenge for any business. One strategy thats particularly effective is co-working, and some of the most successful startups use this model to help manage and scale their growth.
But why is this so effective? Lets dig a bit deeper into why co-working is such a great tool for your business.
Adapting your office to your needs
Inspace offers a number different private office options ranging from single desk spaces all the way up to multi-office and even multi-floor solutions. This means that you can easily increase the space you have access to without having to break leases, move across the city, or otherwise waste your time and money.
With Inspace, you get the benefits of a flexible office space without the commitment of a specific footprint that may not work for you as your business evolves. You need to be agile and flexible, and co-working is the way to do that.
You can also augment your office space on a temporary basis. Need to hire a group of contractors for a few months to support a major client? Just get an extra private office on a short term basis. Need to move from 5 desks to 8? No problem. Inspace can help you adapt your office space to your particular needs.
Shared resources
With Inspace, you get access to a pool of shared resources that are available when you need them. From meeting spaces of various sizes to open working areas and kitchens, you will always have the ability to tap into shared resources without needing to "own" them yourself.
This is far more cost effective since the cost of owning, managing, and cleaning these spaces is split across all of the businesses in the co-working space.
Happier and more productive employees
Businesses that use Inspace report an average 98% approval rate of the offices by their businesses. We provide modern, fun, and optimizes spaces to give your employees a great working experience. Studies show that spaces like these increase employee satisfaction and retention.
You don't have time to create, manage, and optimize an office workspace for your startup. Let Inspace take care of that using professional experience experts, while you focus on what really matters - your business.
Access to other professionals
Our customers are often surprised to find out that one of the most powerful benefits of joining Inspace is the access to other startups and professionals.
We host regular networking events to help you connect to your peers, find contractors to work with, and even find other startups that you may want to work with. Building a support system of peers who know what you are going through and can help you navigate the growth of a company can be invaluable.
Scaling your business is a balance between expenses and revenue, and trying to optimize your needs and your pocketbook. Inspace provides the scalable solution to office space that you need to grow and adapt.
Don't waste time worrying about finding and managing an office space. Tell us what you need, and we will handle the rest. Schedule a tour today and find out how Inspace can help you take your startup to the next level.