The co-working space industry is newer than many others that are booming in popularity, but it is no stranger to competition and unlimited growth. As more and more people begin working from home due to advancing technology, the need for co-working spaces increases. People are looking for a serviced office space that provides what they need to work successfully outside of a cubicle. In addition, they want one that offers multiple services so they don’t have to pay more than they have to. Here’s why the co-working space industry is seeing so much growth and why now is the time to invest.
Co-Working Spaces Have Franchising Opportunities
To keep up with the rapid growth of the industry, the better option for entrepreneurs could be to invest in a franchise like Venture X to get a head start on the competition. Co-working space franchises are unique because franchisees still get to manage the day-to-day operations, but they have a well-known and trusted brand behind them and a proven business model that has worked for franchisees all around the world. This enables you to open your business faster and maybe even cheaper than those who are starting a business from scratch.
A Third of All Australians Are Working From Home
According to the Australian Bureau of Statistics, approximately 3.5 million people are working from home at some point or another in the country. This number is only going to increase as more and more people transition to fully-online work, and with that comes a decreased need for traditional office settings with cubicles.
As the need for traditional office settings decreases, the need for co-working space franchises grows. People are looking for a serviced office space that provides the desk area they need with perks such as 24-hour access, mailbox services, conference rooms, and more so they have everything they need to continue operations in a more professional setting. However, traditional office settings can’t offer the one thing these workers need most: flexibility! With a range of plans to choose from, Venture X clients can choose for themselves how often they’d like to utilize our services.
Close Ties to the Technology Industry
The co-working space industry has a direct link to the success of the technology industry. Technology has enabled information to be obtained faster and people to work flexibly outside of an office. The technology industry has been quoted to be “one of the biggest money-making sectors” according to experts in the Business Insider. This means it can potentially lead to extreme profitability if you invest in a co-working space franchise.
Since many of these clients only need the minimum of wifi and a desk, people turn to co-working space franchises for their flexible plans to get exactly what they need to get their work done and not pay more than they have to. Even for those who need a little extra space and privacy, Venture X co-working spaces have services for that too.
People Are Looking for a Serviced Office Space
Entrepreneurs, freelancers, contractors, small business owners, and many other people in different professions are looking for a serviced office space. Each client is different and requires different services, so they choose franchise brands like Venture X because of the variety of services they offer. If you are interested in getting into a rapidly growing industry, a franchise may be the perfect opportunity for you.
Learn more about the co-working space industry and find out how you can get involved today.