The dynamism and flexible freedom of coworking is just starting to hit Malaysia. Like many regions in Southeast Asia, this country is currently in the grip of a startup revolution. Entrepreneurs are ripping up the business rule book and showing the world that you don’t need a mountain of money, a decade of experience, or a huge team to get noticed.
The popularity of coworking in Kuala Lumpur is soaring. This is, in part, because the providers keep getting more sophisticated. In the central retail and business districts, there are a number of shared office spaces and they are very high end. The rates, however, are very low and this is the beauty of coworking. By sharing the resources, tenants substantially shrink the costs.
Keep reading to learn more about how coworking is set to change for Malaysian businesses in 2017.
Real Estate When You Need It
The coworking industry is leading the charge when it comes to on-demand real estate. As businesses come to the realisation that ten-year leases just aren’t practical, they are starting to demand flexible terms. Shared offices are a valuable asset because they allow you to retain as much freedom as you like without compromising on quality or security.
A Serious Approach to Productivity
The assumption, particularly if you’ve never used coworking spaces before, might be that shared offices are a little too relaxed for proper enterprise. The truth may surprise you. Every year, the top providers enhance and improve their services. They take productivity very seriously and have created some beautiful, highly functional business environments.
Moving Into the Cloud Space
You’ll also get a pleasant surprise when you check out the technology on offer at a coworking facility. The best providers, particularly those located in central Kuala Lumpur, have access to cutting-edge software and networking tools. For example, most have already transitioned to cloud solutions or are in the middle of adopting them. They can offer advice on ERP, AP, CMS, and social media marketing systems.
The Best Asset for Networking
While coworking has long been championed by freelancers, start-ups, remote workers, and other flexible professionals, it isn’t just for small teams. Increasingly, these shared offices are being used by members of much bigger companies to support expansion plans. If you want to build up a presence or network extensively in a new region, one of the cheapest options is a coworking facility because you can use it for as long or as little as you like.
Support for Your Development
It is becoming common for providers to offer a range of different office products. So, alongside beautifully designed coworking spaces, some operate fully flexible serviced offices too. What this means is that, if your company grows at a rapid rate, you have the option to move into a larger, more private suite without having to find a whole new supplier. This saves money, time, and the lost profits and opportunities associated with enforced downtime.
Why You Should Try Coworking in 2017
The best thing about coworking is that you’re free to experiment with it and there are no unexpected consequences. Ultimately, if you aren’t used to sharing office space, it might take a little while to get accustomed to it. However, you don’t have to sign any long-term contracts.
All you need to do is register for access and, if it turns out that coworking isn’t right for you, it’s just a matter of moving to a different kind of workspace. Your provider can offer lots of help with this. So, make 2017 the year you find out whether coworking is worth the hype.