Business Tips

5 Benefits of Using a Coworking Space for Small Businesses

Small businesses in America never stop evolving. Entrepreneurs constantly push the envelope, coming up with new and ingenious innovations. One of the hottest new trends in small businesses today is the use of coworking spaces. SBI Detroit put together a helpful list of the top 5 benefits of using a coworking space for small businesses.

What is a Coworking Space?

Coworking spaces are shared, neutral office spaces made to accommodate people from all types of businesses. The people who come together to work in these coworking spaces typically come from a number of different companies and backgrounds, bringing with them a variety of different ideas, experiences, and opportunities. This communal space offers many of the same amenities as traditional offices, like printers, wifi, kitchen area, and a conference room.

Top 5 Benefits of Using a Coworking Space for Small Businesses


One of the first things that comes to mind when thinking about the benefits of coworking spaces is flexibility. Coworking spaces are the flexible answers to a mobile workforce. With more and more young professionals working remote and freelancing, coworking spaces help make this a possibility for even more people. Instead of having to pay for a long-term lease on an office space, many landlords are offering flexible options for coworking spaces. This makes it even more appealing for new, small businesses to consider coworking spaces.

Incredible Networking Opportunities

Another excellent reason for small businesses to consider using coworking spaces is for the incredible networking opportunities. These shared office spaces help like-minded people come together. The networking opportunities in a coworking space are absolutely endless. Young professionals come together to share ideas and business opportunities, making these coworking spaces an incredible asset.

Adds Structure

With more and more people having to work from home, there’s a growing need for office space. A lot of the people working in these coworking spaces either do freelance work, travel for work, or work from home. For many of these people, structure isn’t a huge part of their day. Coworking spaces help add structure to a relatively unstructured sector of work. Instead of working in a noisy and distracting home office or at a coffee shop, more and more people choose to work in a shared coworking space.

Better Work-Life Balance

A huge benefit of using a coworking space is that it provides a better work-life balance for the people who work there. The more casual and collaborative atmosphere of these shared spaces help provide a more relaxed environment. People are able to get up and move around, socialize and network, and not feel tethered to a desk. Many coworking spaces even offer fitness or meditation areas to boost morale and productivity even more.

Startup Support

Finally, maybe the best benefit of using a coworking space for small businesses is the opportunity for startup support. Many of the managers of coworking spaces provide startup support services to help incubate and grow these small businesses. With services like sales and marketing aid, certification assistance, operations support, and more, coworking spaces help small businesses establish a strong foundation from which to grow.

SBI Detroit Offers the Best Coworking Spaces in Detroit

If you’re looking for the perfect coworking space in Detroit, then it’s time to check out SBI Detroit. Not only do you get a physical address for your small business, but you also get access to phone services, meeting rooms, and some of the best startup services for your small business.

Find out how SBI Detroit can help your small business today by giving us a call at (313) 499-1343 or sending us a quick message. You can also get some of the best tips for small businesses by checking out the SBI Detroit Blog and be sure to follow us on Facebook, Instagram, and LinkedIn.

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