Work isn’t traditional anymore so why should your office be? Take the headache out of pricing up a new coworking space or virtual office with our Clockwise cost calculator and see how this approach can save you both time and money.
Once the decision has been reached that the traditional office isn’t working for your business anymore, it’s time to begin your search for a more agile environment that fits your projected future ways of working. You’ve heard that the costs and benefits of flexible workspaces outweigh those of the conventional offices that came before but as you hunt through the websites of the hundreds of service providers, you realise that not everything is as simple as that. Whilst the monthly fees are a far more attractive proposition, it is difficult to glean real insight into what the costs actually are and what they include.
We get it, it’s daunting. For example, we can say that for a standard set of requirements with a team of up to 12 people over three years, we estimate that you could save up to £65k in your first year at Clockwise (depending on location); that still doesn’t tell you how or why.
Let’s break it down now so you can gain a real understanding of the differences between the traditional office and the flexible memberships that Clockwise offer.
- The Set-Up Costs- In a traditional office, you would likely need to pay transaction costs, fit-outs, furnishings and dilapidations, these would all be included costs in a flexible membership which could save over £2,000 using the example above in a London workspace.
- Rental Costs- Whilst this might look higher at first glance with a flexible membership, once we take a look at the operating cost comparison, we begin to see why.
- Operating Costs- This is where the flexible membership really comes into its own. While the traditional model will have its meeting room costs included in rent, there are many other hidden fees to consider- business rates, utility costs, reception staff, repairs, maintenance, cleaning and miscellaneous other charges. All of these without exception are included in a flexible membership.
Using this example and a London location, we would estimate that this team on a flexible membership would end up with around £134,950 to invest back into the business which is a pretty appealing notion.
To help you define how this looks for you, we created a handy calculator that will help you gain a clearer understanding of what is going to be most cost-effective for you and your business by answering just four questions.
If your search for new flexible office space is in the earlier stages, we also have crafted a checklist that will help you find the right fit from the many service providers out there today.
We have a range of memberships that can be tailored to your requirements, wherever you are in your journey to find a new home for your business. Get in touch with us to find out more.