4 Signs You Are Ready for an Executive Suite
Traditionally, an executive suite was a collection of offices used mainly by your company’s top-level executives. Here, they could work in the comfort of their own offices while having access to collaborative meeting spaces, and all offices were in close proximity to each other. In today's market, this is much like having your own wing within a coworking environment.
For many business owners, making the jump from a single private office to a collection of multiple offices inside a shared workspace isn’t a decision to make lightly. It’s not just a question of “Can we afford this?”, but rather a business-driven decision that forces you to think forwardly and retrospectively. “What have we done to get to this point, and once we move into a larger workspace, what must we do to maintain this momentum?”
Here are four signs you might be ready to make the leap:
1. You Value Your Professional Image
One of the biggest advantages of leveraging an executive suite is the ability to position yourself in a prime location without a long-term commitment or major upfront investment. Even the name “executive suite” exudes a level of success and professionalism that adds substance to your business.
2. You Need Flexibility
Choosing an executive office space within a coworking community allows you to get the privacy and professionalism of your own office suite at a fixed cost. You may call it home for years, or you may decide to move after a year. Either way, you have the flexibility to choose what makes sense.
3. You Want Unrestricted Growth
When your business is ready to grow and scale, having flexibility can make the entire process faster and easier. You may start with a single office, then add more workspaces as you add more executives and employees. In a traditional office setting, this move often entails making extensive renovations, moving to a bigger space, or buying a space that’s bigger than you need and hoping you grow into it.
Coworking spaces offer a more attractive alternative that’s primed for growth. You never need to commit to more space than you really need, and you can add additional space on short notice without incurring major upfront costs.