Turn Your Business into Shared Space

You've worked tirelessly to build your business from the ground up. You've dedicated countless hours to your entrepreneurial craft because you truly believe in what you're doing. You've got this guiding vision that has pushed you further than you thought you could go, as you dream of your business expanding to multiple locations. Maybe you're in it for the money, or maybe you're in it for the people—either way, you've got a vision.

That vision can get muddied as stressors occur, like a struggling budget, for example. Most businesses struggle or have struggled with finances because running a business is just downright expensive. There's no way out of that, and sometimes, in unfortunate circumstances, business close their doors because the financial burden becomes too much.

Space sharing: why it's the best news you've had today

As a small business, we are with you when it comes to financial stress. We know how scary it is to have your life's work and passions be dependent on small pieces of green paper. That's why we are here to give you some great news: space sharing.

Space sharing is made simple with SpaceTogether. You, savvy business owner, create an account on our website and upload photos of your space. Savvy renter finds your space, loves it, and contacts you about renting it out. Transactions are made easy through our site, and now your monthly business costs are down. Like I said, simple.

Let's look at Chris, a gym owner in Colorado Springs. After realizing he was spending a lot on his space, but not utilizing it as much as he thought, he turned to SpaceTogether. He was able to find renters to use his space during the times he wasn't using it. This lowered his overhead by 60%. It was truly a game changer for his business. You can watch Chris's story here!

Do I want my business to become shared space?

Short answer: yes. Long answer: yes, and let me tell you why. Think about how much you pay in rent monthly (and try not to cringe). I'm assuming it's a pretty good amount. Now, think about how many hours of the day you're actually using that space. Let's say you and your team work from 8-5 Monday through Friday. That's a 40 hour week—yay, math. Since there are 168 hours in a week, that means you don't use your space 128 hours. That's 23% of the space you're using and 100% you're paying for.

Imagine renting out your space and paying 40% instead of 100%. If your rent is currently $3,000 a month, this would mean you go from paying that whole amount to $1,200—that leaves $1,800 for a new project, bonuses, parties, maybe even an assistant, whatever.

Not only is it a financially sound decision, it also connects you with different people in your city that you might otherwise have never encountered. This is important for networking and developing professional working relationships.

While it can be scary to open your doors to people you don't know, remember that it's not like hopping on craigslist to find a roommate. Potential renters range from therapists to nonprofits, looking for a place to start or grow their business. These are professional people willing to work under your own house rules that you set.

Are you ready?

Running a business is costly and time consuming, so don't let all of your hard work go to waste. Space sharing can lower your overhead, resulting in more money for your business to invest in, well, whatever you want! From finding qualified, verified people to share space with to getting the details setup, SpaceTogether is here to help you along the way. If you're ready to lower your overhead and make connections in your city, let us help you. If you have any questions, click the little blue box on the bottom right corner of your screen, or click here to get started!