How Small Business Owners Can Achieve Financial Recovery

How Small Business Owners Can Achieve Financial Recovery

For small business owners, dealing with addiction can be a double-edged sword. Not only does it affect personal lives, but also seeps into the business, causing financial distress. However, recovery is possible, and with the right steps, financial recovery can follow suit. This article from San Angelo Studios provides a guide for small business owners to navigate their way back to financial stability after overcoming addiction.

Communicating With Creditors

The first step towards financial recovery is open communication with your creditors. Explain your situation honestly and ask for more favorable repayment terms or lower interest rates. Many creditors are willing to negotiate when they understand your circumstances. This step can alleviate immediate financial pressure and provide some breathing room as you work toward recovery.

Reviewing Your Budget

Next, conduct a thorough review of your budget. Identify non-essential expenses that can be cut down or eliminated entirely. This could range from subscriptions you no longer need, dining out expenses, or luxury purchases. Redirecting these funds towards debt repayment or savings can significantly accelerate your financial recovery.

Consolidating Debt

Debt consolidation can be an effective tool for managing multiple debts. By consolidating your debts into a single loan with a lower interest rate, you simplify your payments and potentially reduce the total amount you owe. It’s important, however, to carefully consider the terms of any consolidation loan to ensure it benefits your financial situation.

Generating Additional Income

Delving into strategies for creating extra revenue can significantly aid your financial rejuvenation. This might encompass freelance work, offloading seldom-used items, or even launching a sideline venture. To heighten the likelihood of success, it’s imperative to select an option that dovetails with your abilities and passions. Additionally, it is beneficial to maintain a level of flexibility and adaptability in order to respond effectively to changing circumstances and opportunities.

Creating a Roadmap for Your Business

Consider starting a new business as part of your financial recovery plan. Look for opportunities with low startup costs to minimize financial risk. As part of this new venture, create engaging and informative content to attract customers and set your business up for success.

Developing a Realistic and Detailed Budget

Creating a comprehensive and precise budget is a crucial step toward your financial recuperation. It offers an unambiguous picture of your earnings and outlays, thereby enabling you to make educated choices about your monetary allocations. Continual updates on your budget are necessary to account for any alterations in your financial circumstances. Implementing these strategies can put you on a path toward financial stability and growth.

Seeking Help for Addiction

Ultimately, what matters the most is acquiring professional assistance for your addiction. Rehabilitation centers, including free rehab centers, present all-encompassing programs designed to aid you in breaking the chains of addiction and initiating recovery. If the root cause of your financial predicament, typically the addiction, isn’t addressed, achieving a long-term recovery could prove to be quite challenging. There’s no shame in reaching out; it’s the first step towards a healthier, addiction-free life.


Financial recovery after addiction is a challenging but achievable goal. By communicating with creditors, reviewing your budget, consolidating debts, generating additional income, creating a new business, developing a detailed budget, and seeking help for addiction, you can regain control over your financial health. Remember, it’s not about how fast you recover but how well you do it. With patience, perseverance, and the right strategies, you can rebuild your finances and pave the way for a financially secure future.


Strategies for Hiring, Onboarding, and Retaining Talent Across the Globe


Image via Pexels

As a business owner or manager, you may be considering adding freelancers to your team. Utilizing freelance talent can be a great way to increase productivity and reduce costs. However, there are some best practices that should be followed when building a successful freelance team, presented to you today by San Angelo Studios.


Hiring Quality Freelancers


Finding the right people for a freelance team is essential to success. There are various platforms available, such as social media, to help you find the right talent for each role. Take the time to research which platform works best for your specific needs, and you could be well on your way to assembling a strong team.


Identifying Different Types of Freelancers 


When selecting potential freelancers for your team, it is important to consider the types of freelancers that are ideal for remote work. These include independent contractors with specialized skill sets such as web developers, graphic designers, writers, etc., as well as virtual assistants who can help with administrative tasks such as scheduling appointments or managing emails. Knowing who to look for will help ensure that you have the right people on board to get the job done efficiently.


Set Up an LLC For Maximum Benefit


If your business isn’t already established as an LLC (limited liability company), this is something that should be done before bringing on any freelancers. This will help protect both you and your freelance team from any legal issues that may arise down the line. Additionally, establishing an LLC can provide tax benefits so it is important to consult with an accountant or lawyer before making any decisions about setting up your business structure.


Strategies to Make Sure Everyone Is on the Same Page


Having clear communication between yourself and all members of your freelance team is essential for success. Establishing channels of communication such as email threads or group chats helps ensure everyone stays on top of their tasks while also providing an easy way to ask questions or give feedback if needed. Additionally, having regular meetings with everyone in attendance helps keep everyone engaged and motivated which leads to increased productivity overall.


Create a Payment Strategy


Once you have decided who you want on your team it is important to plan ahead when it comes to paying them. Research payment methods such as online or direct bank transfers to determine which one works best for both parties involved in order to ensure timely payments without any complications down the line. Additionally, make sure all contracts clearly outline compensation details so there aren’t any misunderstandings between yourself and your freelancers later on.


Use a Cloud-Based Platform To Boost Efficiency


Investing in a cloud-based project management platform can help boost collaboration between yourself and your freelance team members. It gives everyone easy access to documents/files/etc., tracks progress towards goals/deadlines/etc., assigns tasks/responsibilities/etc., and provides messaging capabilities. 


This type of platform provides an all-in-one solution for staying organized while also allowing everyone quick access to the information they need at any given time. Once you have an idea of what you’re looking for, look online for options for project management software.


Building a successful freelance team is no easy feat, but these tips can help make the process simpler. Start by researching different platforms where freelancers can be found. Look for people who are well-suited for remote work and have the skills necessary to take on your project. Invest in cloud-based project management tools to keep everyone organized and on track. Lastly, don’t forget to establish clear communication channels so that everyone is aware of their roles and responsibilities. Follow these guidelines and you’ll likely find success building your own freelance team.

If you’re looking for the best co-working space, contact San Angelo Studios today at (325) 400-9957.

Protect Your Business: Why You Shouldn’t Use Your Home Address

Welcome to San Angelo Studios, your trusted source for business advice and solutions. In today’s blog post, we’ll be discussing a critical aspect of maintaining a professional image and protecting your personal privacy— why using your home address for your business is a risky practice.

I. Privacy and Personal Safety Concerns

In an era of increasing online exposure, privacy has become a paramount concern for individuals and businesses alike. When you use your home address for your business, you expose yourself to various privacy risks. For instance, by publicly sharing your home address, you open the door to unsolicited mail, marketing campaigns, and spam that can flood your mailbox and clutter your life. Moreover, the risk of identity theft and fraud looms larger when you share your personal information.

Additionally, there are personal safety concerns to consider. Maintaining personal safety should be a priority in today’s world. By using your home address for your business, you may inadvertently attract unwanted attention from clients, customers, or even competitors. This exposure could lead to potential harassment, stalking, or security breaches that could compromise your well-being and that of your loved ones.

II. Professional Image and Credibility

Establishing a professional image is crucial for any business. When you use a home address as your business address, you miss out on an opportunity to project a credible and established image to your clients and customers. A professional address, separate from your personal residence, not only adds a touch of legitimacy to your business but also helps build trust and confidence in your brand.

Separating your personal and professional lives is essential for maintaining professionalism. Using a home address can blur the lines between your personal space and your business. This lack of separation may make it challenging to maintain professionalism, especially when clients have access to your personal domain. By obtaining a separate business address, you can maintain a clear boundary, enabling you to achieve a healthy work-life balance and reduce stress.

III. Legal and Compliance Considerations

There are legal obligations and compliance requirements that businesses must adhere to. Using your home address for your business may not meet these criteria. It’s important to familiarize yourself with local regulations and licensing requirements. In some cases, using a home address for certain types of businesses may violate local zoning regulations, leading to potential fines or legal complications.

IV. Alternatives to Using a Home Address

Fortunately, there are alternatives to using your home address that can address both privacy concerns and legal compliance. Here are a few options to consider:

Virtual office services: San Angelo Studios offers our Virtual Membership, a comprehensive solution that includes a professional business listing, mail service, and even one day a month of flexible workspace. For just $50/month, you can enjoy the benefits of a prestigious business address while keeping your personal information private.

Shared workspaces: Shared workspaces have become increasingly popular among small businesses and startups. These spaces provide a collaborative and professional environment, allowing you to work alongside like-minded individuals and access essential amenities. Exploring shared workspaces can offer you a professional address while expanding your network and fostering growth opportunities.

V. Don’t Do It.

As you strive to protect your business and personal privacy, it’s vital to avoid using your home address for professional purposes. By understanding the privacy and personal safety concerns, as well as the impact on your professional image and legal compliance, you can make informed decisions for the benefit of your business.

At San Angelo Studios, we recognize the importance of separating personal and professional identities. We invite you to explore our Virtual Membership that offers a comprehensive solution, including a professional business listing, mail service, and flexible workspace options. Safeguard your privacy, enhance your credibility, and elevate your business with our Virtual Membership. Contact us today to take the next step in protecting and growing your business.

Why You Should Choose a Coworking Space Over a Coffee Shop

Are you a remote worker or entrepreneur that is constantly on the hunt for a good place to work? If you don’t have an office space at home, you might drift from libraries to coffee shops to get your work done. Here are a few reasons why you should choose a coworking space over a coffee shop.

More Networking Opportunities

First, working in a coworking space can present you with more networking opportunities. A coworking space is an office designed to provide flexible working space for remote workers, entrepreneurs, small businesses, independent contractors, and more. 

Many different types of workers like to rent coworking spaces to get their work done, which provides many different opportunities for networking. This can help to provide you with a sense of belonging and community, especially if you are used to working from home. You never know when you could make a valuable connection that could help you progress in your career. 

Better Security

Using a coworking space over a coffee shop can also provide you with much-needed security. Coffee shops usually only have public Wi-Fi networks, which can expose your company data and information to lots of different cybersecurity risks. You could get hacked and have valuable information get stolen, which could severely affect your company’s reputation and future. 

A coworking space, on the other hand, will usually have a secure Wi-Fi connection or VPN that you can connect to. You can use secure Wi-Fi in a coworking space to avoid the dangers of public Wi-Fi networks. In an age when cybersecurity is a huge risk, you need to make sure that you’re working safely and securely.

Available Equipment

Finally, a coworking space will be able to provide you with much more equipment than a coffee shop. Usually, a coffee shop will have an open table, chair and if you’re lucky, an available power outlet. Coworking spaces usually have all of the office and technological equipment that you could need to complete your responsibilities. You’ll be able to have a desk, chair, electronic hookups, and even available monitors to use. If you’re working with a team, there are often presentation areas where you can go over big projects together. Some coworking spaces even have nap rooms where you can rest if needed. This can help you to complete your work much more efficiently and easily. 

So, if you’re tired of working from home or working in a coffee shop, remember the benefits of using a coworking space. A coworking space can provide you with more networking opportunities, better security, and the available equipment that you need. This can help you to get your work done in a safe, welcoming, productive environment.

Did you enjoy reading this article? Here’s more to read. How to Create a Brand for Your Small Business

4 Cities Perfectly Suited for Digital Nomads

With the advent of cloud computing and digital technologies, solopreneurs with a taste for adventure have transformed their way of living and working to become what’s commonly referred to as digital nomads. Have you also considered that lifestyle for yourself? Before you pack up your bags, there are things to consider when selecting a city to move to, such as cost of living, internet access, and available amenities. And here are four options that make great destinations for small business owners:


Seattle, Washington

Located on Elliott Bay, with access to the Pacific Ocean, Seattle has been voted the number one US city for remote workers and digital nomads. Not only does it offer spectacular landscapes and plenty of opportunities to enjoy nature, but it’s also home to several major corporations, which could give you an advantage when it comes to building business connections for your small venture. And with a variety of rental opportunities ranging from studio apartments to luxury condos, you’re sure to find a place that fits your lifestyle and budget in the Emerald City.        


San Angelo, Texas

Being a solopreneur doesn’t mean you should forgo the company of other humans and spend all your time in your home office. But if your work requires a certain level of privacy and security, working in a crowded coffee shop or in a library with free unsecured wifi could put your or your clients’ personal information at risk. Thankfully, some cities like San Angelo in the State of Texas offer the capability of working in communal spaces specifically designed for digital nomads. Becoming a member gives you access to high-speed internet, meeting rooms so you can engage with clients in real life, and other perks like community and networking events. And with an average monthly rent much lower than the national average, it’s an attractive city for entrepreneurs striving to keep their cost of living affordable.


Nashville, Tennessee

Music lovers will feel right at home in Nashville, Tennessee. With an average rental rate at $1,570 a month, it also boasts great restaurants and shopping, so you’ll always have something fun to do when you take a break from work. And while you’re out socializing in your new city, you may even meet your next client or customer! That’s why you should make sure you always carry something tangible to give people, which will help them remember you later. For example, this site could be helpful if you want to create an eye-catching business card bearing your contact information along with a well-thought-out logo that will increase brand recognition.


Charlotte, North Carolina

An up-and-coming, family-friendly city with plenty of parks and opportunities to enjoy recreational activities, Charlotte boasts a mild climate for most of the year. And since it’s home to the Charlotte-Douglas International Airport, you can easily hop on a plane and travel to fun and exciting destinations whenever the mood strikes. If you’re just starting out as a solopreneur and want to make Charlotte your home base, form an LLC using an online formation service, and appoint a registered agent to be your legal business representative, so you can be free to go on your next adventure while you run your company.      

If you love exploring new cities, becoming a digital nomad can give you the freedom to work and play wherever your travels take you. Think about structuring your small business as an LLC to ensure your personal assets are protected and look for places with great internet connection and plenty of opportunities for networking. You’ll see your business soar while living out your dream!

Work for yourself, not by yourself! Join our community at and be inspired to take action, grow, and do better.

Entrepreneurship Doesn’t Have to Be a Guessing Game

While no one can predict which businesses will be successful and which won’t, there are steps you can take to put yourself on the path toward success before you make your first sale. From having a solid educational background to knowing where you’ll work and forming the right type of business structure, today’s San Angelo Studios tips are for those of you ready to make the leap but who are afraid of where you’ll land.


Start With An Education

If you don’t already have experience in education and business, now’s a great time to go back to school. You can earn a degree in anything from management and business communications to accounting online while you establish a solid foundation for your startup. Going to school online has many benefits, including flexibility and affordability. Check this website out for more information on the different types of bachelor’s degrees available to you.


Choose A Place To Work

Before you start any business, you have to decide if you’re going to work from home or if you’re going to provide a brick-and-mortar location for your customers to visit. Working at home has many advantages, including less overhead, considerable flexibility, lowered risk, and lots of tax advantages, according to AllBusiness. Unfortunately, it may not always look the most professional. Thankfully, you can take advantage of the amazing co-working space at San Angelo Studios if you need to book a spacious and well-appointed conference room to host an important client meeting.


Establish A Business Structure

Your business structure will dictate much about how you run your organization. For most small business owners, an LLC makes the most sense. This is an affordable and easy to DIY option when you use an online formation service instead of an attorney’s office. As an LLC, you’ll form a legal separation between you and your company, and you won’t have to fill out a ton of paperwork to enjoy this protection, plus tax benefits and management flexibility.


Know Where Your Money Is Coming From

All businesses cost money to launch. Whether you need something as low-key as a computer and desk or you want to outfit a full workshop, the money has to come from somewhere. If you don’t have enough savings to support your launch and your family for the next 6 to 8 months, look for small business grants. The NerdWallet blog explains that there are many options, including those given by the federal government, state and regional entities, and private funders, including Lenovo and the National Association For The Self-Employed.


Have A Plan

You don’t want to trust your future success to unknown factors. Although you can’t predict everything, you can start with a business plan that gives you a roadmap you can follow to reach your goals. The Small Business Administration explains that a business plan includes an executive summary, market analysis, and information on your sales and marketing strategies. This is also an important document that you’ll have to have if you plan to seek funding from an outside source.


Utilize Technology

Business technology is easier than ever to access, and it’s invaluable for start-ups. Don’t overlook things like cloud computing, advanced payment methods, mobile apps, data security, and CRM platforms. All of these and more can help streamline your start-up so that you’re not wasting time or money while you try to build your customer base.

As a future business owner, you’ll join more than 32.5 million other entrepreneurs in the United States. Although it might be an intimidating prospect, remember that success is not a matter of luck. When you take the time to plan ahead by getting the right education, forming the right business structure, knowing where you’ll do your work, choosing the technology you will use, and understanding where the money to launch will come from, you put yourself in your business leaps and bounds ahead of the competition.

Business Growth Stalled? Here’s What’s Next

Are you ready to grow your business but don’t know where to pick up where you once left off? Sales and customer service can only get you so far. If you’re ready to expand, today’s tips can help you move past simply sending more invoices.

Get more space.

Although many businesses operate on a virtual platform either full or part-time, sometimes you need a bit more space to spread out, collaborate with your team, or physically create inventory. For office space without a permanent commitment, sign up with San Angelo Studios coworking space. There are many flexible membership options that start at just $50 per month.

Change your business structure.

Many small businesses began as sole proprietorships or LLCs. However, there are other options out there, including an S corporation. This is a type of structure that gives you the benefits of a corporation with the pass-through tax advantages of an LLC. This means you can count business losses on your personal taxes and skip paying federal taxes on the business level. To save, file yourself online.

Evaluate your process with BPM.

If all of your business processes are currently manual, it’s time to reevaluate. Look for ways to get your systems to talk to each other. This is usually achieved through business process management strategies, which help you automate many practices. Your workflow, data, and people will be in more constant contact with each other, and you’ll cut down on laborious tasks. Talk with your staff continually to see if your BPM plan is working, and listen to them when they offer advice on how to make it more effective.

Hire more people.

Even though everyone around you considers you Superman or Superwoman, you can’t do it all alone. Your business got to where it is with your hands-on guidance, but now may be the perfect time to let go of some responsibilities and hire new people. Marcus Lemonis has famously said for years that his employees are his number one priority, taking that coveted spot away from the customer. When you have great employees, they are an asset to your business and can help you grow in ways you never imagined.

Research complementary products.

Complementary products are those that your customers are likely to purchase alongside of or shortly after buying yours. Make sure that you know what your customers need and want, and then offer it to them. If you are a salon, for example, you might sell your shampoos, conditioners, and styling tools. You’ll also want to make sure you always have gift cards on hand, which is just one of the many marketing tips from The Salon Business blog.

Consider buying out the competition.

If you’re ready for a huge leap on the growth journey, consider buying out the competition. Lendio explains that this has many benefits, including fewer competitors and quick growth. However, you will want to proceed with caution as it may be tough to integrate, and you may go into debt to make the purchase.

Streamlining with business process management, hiring new staff, and moving to an S corporation structure, along with the other tips we presented above, are just a few ways to grow. What’s important for your business is that you look ahead and lay a strong foundation for the future. Remember, growth does not have to happen all at once, and even small steps along your journey toward success are something to be proud of.

San Angelo Studios has a desk for you. Contact us today to see how you can get a free day in our cozy and comfortable coworking space.

Image via Pexels

How to Manage Entrepreneurship Across States

If you run a business that operates in several states, becoming a multi-state homeowner may have been a strategic choice that you made for entrepreneurial success. But managing multiple homes while running a business isn’t easy. Designing great workspaces with tips from Phoenix Home + Garden can simplify your life! Furthermore, these tips can walk you through everything from managing your cost of living to secure your homes to finding a registered agent.

Keep Your Homes Safe

If you own several properties and you move between them, you need to ensure that they’re safe and secure when you’re gone – especially if you store business tools or documents in your homes. You may want to buy security cameras, an alarm system, or a safe. To make sure you’re investing in high-quality products, check out detailed reviews from neutral sources before making any purchases. 

Assign a Registered Agent 

When your business is registered in one state, but you manage operations throughout several states, it’s a good idea to have a registered agent in the state where your business is officially based. You can rest assured that your business will run smoothly even when you’re on the road. You’ll have to lay out established processes and decision-making guidelines for your agent. If a lawsuit or tax notification crops up in your absence, your registered agent can handle the situation for you.

 Choose the Right Insurance Policies

Everyone needs various forms of insurance – but your policies are typically tied to the state where you live. What if you own homes in multiple states? If you divide your time equally between states, you can enroll in a health insurance policy in the state that offers the lowest rates. If not, you’ll want to enroll in a policy in the state where you spend the most time. To purchase car insurance, you will need to choose a policy in the state where your car is registered. 

Stay on Top of Organization 

Staying organized is key for multi-state homeowners and entrepreneurs. Keep your digital files in a cloud storage system that you can access from anywhere, and ensure that your physical documents are kept in order at your homes. You may want to make copies of key documents to store at different homes. If possible, you may want to hire a remote personal assistant who can handle your business affairs no matter where you are.

Control Your Cost of Living

Managing a business and several homes in multiple states means that you’re always dealing with changing prices. A service that’s expensive in one state might be cheaper in another state! These cost of living figures can help you balance your budget while living between states:

  • If you want to expand your real estate portfolio in Scottsdale, AZ, a new home will cost you around $845,000.
  • CareLuLu states that for couples with children in Tucson, AZ, daycare generally costs about $630 per month.
  • Payscale states that going to the doctor for a checkup in Salt Lake City, UT, will run you approximately $115.21.
  • Over the course of a year, residents of Albuquerque, NM, will typically spend about $3,792 on groceries.
  • If you’re seeking a storage unit in Las Vegas, NV, note that Vegas storage options are usually priced around $125.87 per month.

Operating a business in several states can leave you feeling pressed for time. Managing your life efficiently is key. With these tips, you’ll be able to make a reasonable lifestyle budget, choose the right registered agent, and ensure that all of your properties are secure.

Are you looking for a great co-working space that’s good for both handling your business and meeting like-minded people? Check out San Angelo Studios today.

Photo via Pexels

How to Create a Brand for Your Small Business

To grow your small business, you need to develop a brand that helps you stand out and attract customers. Branding can encompass many aspects of business, from advertising to product development. You can help your company succeed by understanding the different approaches and styles used in business branding. These tips can steer you in the right direction.

The Importance of Branding

Branding helps you differentiate your business from competitors and allows you to build recognition and reach your target market. Furthermore, branding practices can aid you by increasing consumer retention and loyalty. Successful branding strategies create emotional value for the customer.

A memorable brand also generates value for the company because customers tend to choose products or services they know. Positive experiences with a company improve the customer’s impression of the brand, and they are more likely to try other services and products offered by the business.

Creative Marketing Strategies

Marketing strategies help you identify and reach your target audience. Branding is an important part of any successful marketing strategy. You can build credibility and distinguish your business within the marketplace. Your branding practices should align with your company’s marketing plan. You should conduct market research to learn about the location, income and demographics of your customers. Surveys and interviews can provide valuable feedback about your company’s logo, products and customer experience. Working with a marketing professional can help you develop a consistent and effective branding strategy.

Using Social Media to Market Your Brand

There’s no doubt that social media is a powerful tool for marketing your brand. Platforms like Facebook, Instagram, and Twitter give you the opportunity to reach a huge audience. When marketing your brand on social media, it’s important to define your target audience. Who are you trying to reach with your message? Once you’ve pinpointed your target audience, be consistent in your branding across all social media platforms, and make sure you’re active on social media.

To get the most out of your social media marketing efforts, you can also create targeted ads on Facebook. Design a Facebook ad using a free ads maker. This tool allows you to use a premade template to create customized ads with your own text and images.

Developing a Memorable Brand

Research finds that 59% of customers prefer to buy from a trusted brand. You can create a consistent and cohesive brand by developing a memorable branding story. Your company’s mission can help you discover the voice and aesthetic of your brand. Explore various logos, fonts and colors on your own or work with a professional designer.

Stand out from the crowd by developing products and services that reflect your values and appeal to your specific target market. You should strive to create an experience that excites new customers and satisfies existing ones to help your business grow.

Successful Rebranding Tips

You should also conduct research to identify issues with your branding strategy before they impact your business and income. Using a wide range of marketing techniques can help you protect your business from changes.

If you notice problems with your strategy, you can alter aspects of your brand or, as Business News Daily notes, develop a new approach through rebranding. For example, you can update the design of your company to reflect more modern styles. For a fresh start, consider renaming your business. If you need to totally revamp your company’s branding strategy, start by redefining your mission and values.

Pollfish points out that customer feedback and market research can help you decide when and how to rebrand. For instance, you might discover that your target market struggles to remember your company. Creating a more distinct brand that contrasts your competitors could be helpful. You might also rebrand your business as you branch out and offer new services and products. Finally, if your company develops a negative reputation, changing your branding can help you recover and move on.

Regardless of the type of business you run, your company can benefit from a consistent, memorable brand. Your branding and marketing strategy should align with your values and reflect your company’s mission. By developing your company’s image and reputation, you can cultivate a loyal customer base and help your business thrive.

Looking for some help rebranding your growing business? SethLife offers great packages to get started turning your brand into a community!  

Need more space for your growing business? San Angelo Studios offers affordable coworking spaces. Schedule a tour!

How a Coworking Space Can Help Your Small Business Succeed

With so many people working from home, you may wonder what advantages a coworking space has. At first glance, it may appear that having your employees work from a home office would save the company money. After all, there are no rental fees to pay and you don’t have to worry about maintenance or cleaning. However, working from home can be isolating and distracting, leading to decreased productivity. Additionally, your company is missing out on the many benefits of a coworking space. Here are just a few of those benefits.

Expand Your Network

Within any group of people exists a wide variety of skills, knowledge, and connections. When you combine a group of people into a singular workspace, you synergize those skills, knowledge, and connections into something that is truly greater than the sum of its parts. Why? Because each individual’s strengths are a potential boon to everyone else. Coworking spaces bring people together from a diverse array of industries, many of which would never think to collaborate otherwise. However, by uniting these professionals into one space, it is easy to intermingle and share expertise. All of this provides excellent opportunities for networking.

Access to Better Tools

When you move your business to a coworking space, you get instant access to the tools provided. Sharing tools saves you money and allows you access to high-end equipment that a small business might not otherwise be able to afford. One crucial technological advantage of coworking spaces is increased security. Free public Wi-Fi exposes you to cybersecurity risks

Increased Productivity

Coworking spaces are designed with productivity in mind. Working from home comes with a few perks for the employee, but virtually none for the business. This is because people tend to be less productive and feel more isolated when they work from home. At home, there are endless distractions, from crying children to a mind divided by work and home to-dos. Coworking spaces offer affordable, dedicated office space where productivity can be greatly increased. Coworking spaces eliminate that dual-focus of a home office and offer unique spaces that are specially designed for various work styles.

The many benefits of coworking spaces are causing this modern workspace model to catch on all over the world. With expanded networking opportunities, access to better tools, and increased productivity, it is hard to go wrong. Add to that affordability, flexibility, and versatility, and it is hard to imagine why you wouldn’t want to take advantage of the numerous advantages of coworking spaces.

Check out this article on startup essentials you can’t get by without!