Is your workspace costing your business more than it should?
9 January 2023
The right location supports your growth
Building an enterprise comes with its share of complexities, especially when you have to consider the nuances of capital expenditure (CapEx) against the continuously evolving needs of your growing business. With the amount of work involved in pursuing each growth milestone for your business, it’s no wonder that entrepreneurship is a way of life that is often both celebrated and cautioned against by many.
Building an enterprise involves a meticulous effort, which spans a wide range of tasks like managing staff and building your business network. While these are important, it is as pertinent to consider your company’s long-term goals and aspirations. Key among these considerations should include your focus on finding a permanent business space for lease where you can concentrate on running your business efficiently. Finding a flexible office space for rent can assist in bringing your company’s growth plans to life. So, what can an adaptable enterprise workspace like Csuites provide when it comes to supporting the growth milestones you’ve set for your business?
Managing overheads to maximise productivity
When running a business, a review of your CapEx will be crucial to determine how best to manage your expenses against any income streams. Many business owners begin by identifying major expenses that account for most of their liabilities. Unfortunately, the cost of real estate is often easily among the highest operating expenses that entrepreneurs will need to address.
Many company owners contemplate lowering their rental or utility expenses as a way to minimise their overheads. It’s easy to see the motivations behind this consideration - the average fit-out cost1 for offices has been rising by 4.5% year-on-year, and is at US$1,159 per sqm*. Switching to a flexible workspace unlocks the benefits of shared workspace utility, without the need to fund such costly overheads.
A fully fitted workspace like Csuites helps minimise the enormous costs of furnishing, fitting, and maintaining a full, physical office. It reduces the effect of rising rental costs, the need for any DIY IT implementation, and the resulting loss of business productivity. Knowing that a shared enterprise workspace can come with additional services like front desk reception is another plus point to allay concerns to do with minimising monthly overheads.
On top of all that, operating from a flexible office space for rent allows you to converse, foster connections with colleagues, and network with other seasoned professionals. This opens the door for potential teamwork to increase company prospects and productivity.
The need to anticipate change
Companies rent or lease workspaces rather than owning them, to easily adapt to changing technological and operational requirements. A long-term office lease in the early phases of a company’s development might stifle innovation and growth by putting too much financial and logistical strain on management. In worse-case scenarios, this may even lead to internal workplace pressures placed upon staff to deliver performance in the face of high CapEx.
Csuites, as an example of a flexible enterprise workplace, provides a variety of adaptable layouts to accommodate the diversity of preferences among all profiles of business owners. Take for instance, how shared enterprise spaces like Csuites avails boardroom or event spaces for precisely when you need one, without needing to worry about space utility during months that see these rooms less utilised.
As your business adjusts to a different pace throughout annual periods, our shared spaces provide customisable experiences that adapt to your team’s need for extra meeting rooms, phone booths for privacy, and other collaborative areas too.
Long-term thinking encourages future growth and healthy capital management
Csuites at Paya Lebar Quarter is an enterprise-suited flexible office solution that is outfitted in every way to improve productivity and encourage growth and healthy capital management. As Asia’s premier flexible workspace that offers state-of-the art shared facilities, Csuites adapts to your company’s changing needs as it continues to grow.
Our flexible workspaces provide comfortable, private, and distraction-free offices allowing organisations to make the most out of premium meeting rooms, social spaces, and collaboration areas as are needed. Moreover, it combines the privacy and security of conventional offices with the ease and amenities of contemporary co-working solutions. Apart from productivity, you’ll know your team members have what they need to perform at their best: with fully equipped pantries, cozy kitchenettes and even de-stressing zones to help your best performers keep an even keel.
With its own onsite cafe to provide affordable snacks and beverages as and when your team members need, Csuites provides a space to cater for productivity, as well as professional wellbeing. As cozy and accommodating as our shared professional spaces sound, it might pique your interest to know how Csuites also takes care of area maintenance, with staff on hand to ensure tidy and functional workspaces for our members.
Find a flexible enterprise workspace that adapts to your business’ needs
Time is money, and the faster you are able to find a cost-effective, plug-and-play solution to get your business up and running, the sooner you’ll be able to focus on productivity. Our flexible workplace solution is suitable for growing enterprises because of its capacity to accommodate shorter leases, fast move-ins, and security and environmental credentials.
If you need a flexible workspace at any phase of your business, Csuites offers the perfect solution and accommodates the necessary facilities that promote the growth and development of enterprises. Get in touch with us to learn how we can help you find the perfect flexible workplace.
1APAC Fit-Out Cost Guide 2022/2023 Square metre version (2022). Jill. Retrieved from: