Path to Greatness: Workspace that’s as Agile as Your Business
Flexibility is the way of the future in the world of work, and on-demand space opens up a whole host of opportunities for businesses. Forget downsizing or upsizing. Now, it’s all about rightsizing by creating a bespoke office space that supports your company mission, and your people. Find out how coworking can help you build an agile business by providing a flexible base to work from.
In the world of workplace solutions, it’s becoming increasingly clear that cookie-cutter offices just won’t cut it.
What happens when your business suddenly expands? When you take on a new project, and you need to hire three new people, but you don’t have any room in your office? What happens if local restrictions mean your business suddenly has to downsize? You’re left with wasted office space – and you’re paying for it with money that could be put to far better use elsewhere.
Evidently, one-size-fits-all solutions do not fit all.
What really suits your team depends on the size of your team, the nature of your work, where your team is, how you work and when you work. It also depends on factors that are outside your control – like pandemic restrictions, economic patterns, and consumer behaviour.
What you need is space that can be rightsized for the needs of your business.
Rightsizing and how it supports your business
Every office provides a mix of individual space – workstations, private offices – and group and amenity space. Individual space probably makes up 30 to 40% of your square footage, yet it gets used most of the time (say, 70% of the time).
Group space and your amenity space, those spaces where people gather, make up 60 to 70% of your square footage, yet they only get used 30 to 40% of the time (according to VenturePoint). These are the spaces in which staff print documents, where they drink coffee, have meetings, and so on.
Rightsizing happens when you balance group, amenity and individual space against office costs. By rightsizing, you maximise on business savings by only paying for what you need, while creating the ideal conditions in which to optimise employee performance.
Factors to consider in the rightsizing process are square footage; lease terms; usage data (the nature of your spaces, how many of them there are, how that space is used, which spaces are used and which aren’t, plus headcount); and running costs.
Coworking spaces offer flexible solutions for the agile business
Coworking spaces like The Great Room provide adaptable solutions that enable your business to operate in the most agile way possible. With a coworking space, you can work with flex-lease clauses. Your business can begin with a rental contract based on monthly or yearly terms. You can start with a certain number of desks and/or a certain amount of office space, with the option to increase this as your lease progresses, depending on headcount and business needs.
The flexible nature of the coworking space contract was a huge support to PALO IT as their own business changed through the shifts of the pandemic. PALO IT needed to expand their team to more than 50 employees in 2022, and they needed an office for them, pronto. “The Great Room customised a tailormade space for us,” says Jing Lei, Managing Director for PALO IT in Hong Kong. The Great Room split an existing 50-person office in two, enabling PALO IT to slot into one half and accommodate their whole team. This supported our move to a larger space without the hassle.”
As a global innovation consultancy and agile software development company whose mission is to help companies use “tech as a force for good”, PALO IT understands the value of adaptability better than most.
“Businesses have no choice but to transform under the current situation,” says Lei. “Everyone is looking for expert support to structure their new ways of working; support that also meshes with their corporate governance. For instance, implementing an agile-targeted operating model (ATOM) to accelerate transformation into a data-driven organisation. Also, to facilitate teams through automation.”
This is what PALO IT does best, so it’s no surprise that “market demand has accelerated our business’s growth,” says Lei. “The Great Room has been a great help with both our internal and external events, and in welcoming our guests who come to our office.”
PALO IT needed a collaborative environment where they could welcome clients and other guests, and courteous staff to support this. “It’s comfortable, friendly, and in a great location that’s close to our clients and partners,” agrees Lei. “Not to mention the great staff at The Great Room!”
It’s here that The Great Room excels: its conveniently located venues; the courteous, helpful staff; and the mix of communal and private meeting spaces – from the central ‘Great Room’, which is luxuriously appointed – to the meeting rooms, large and small.
Get customised support for your business at The Great Room
The Great Room also provides all the amenities as part of the coworking package. There’s barista-level, artisan coffee, internet, furniture, access to office equipment such as printers and more. By streamlining the costs associated with group and amenity space, The Great Room, like other coworking space providers, helps businesses balance their office outlays. In this way, The Great Room helps organisations rightsize, and with ease.
The Great Room has seven locations across Asia’s gateway cities. All are located in prime neighbourhoods, with a range of flexible options available for businesses keen to grow but struggling to figure out how to do so. The Great Room’s expert staff are also on hand to provide advice on how to customise your workspace to suit your business needs.
Find out how we can help your business adapt to the flexible future of work.
Select the city below for more details.
Get in touch with us
