All posts by Jon Gill

Why Having Leisure Activities and Community Events is Good for Business

Why Having Leisure Activities and Community Events is Good for Business

 

Why Having Leisure Activities and Community Events is Good for Business

 

Productivity is one of the key ingredients of business success. Having high levels of productivity and efficiency is something all companies aim for regardless of industry, and you can’t achieve that without a degree of hard work.

That said, working hard shouldn’t be the only focus of a business and its employees. In fact, research has shown that too much work is not only bad for your health, it can also make leaders less effective, staff burnout increase  and, ultimately, be bad for business.

Here’s where having fun, leisure, and team- and community-based activities come in. Offering valuable respite from workplace monotony and, depending on the event, even valuable insights for future success to participants, these kinds of events have certain advantages businesses and employees will find beneficial, such as the ones below.

 

Building Better Workplace Relationships

 

Leisure sporting and community events, especially when jointly organised, help employees take a break and reconnect with each other. This allows them to develop synergy and harmony with each other which are useful elements for working together. Meanwhile, participating in team-building events helps promote empathy within a team, resulting in team members working better with each other and even discouraging ill feelings in the workplace. And we know what having better working relationships can lead to: better communication and increased productivity due to effective teamwork.

Here at CoTEN, for example, we have a basketball team called the CoTen Comets that regularly participates in games with teams from other companies. Our tenants are welcome to join the team and play in the games. While we don’t really have the skills to make it to the big leagues, we’re proud of the fact that our basketball team is able to foster camaraderie, let tenants know each other better and form strong relationships, and, not to mention, blow off steam and burn off a few calories the fun way!

 

Improved Workplace Wellness

 

The “all work and no play” thinking is not only detrimental to business, it can also be bad for your health. Being overworked can lead to a reduction in overall health and wellness and even affects creativity, employee mindset, and teamwork.

In a 12-year study of civil servants, researcher Marianna Virtaen found that working long hours each day more than doubled the risk of depression. These same individuals suffered a loss in cognitive function, had difficulty finding the right words, demonstrated significantly impaired thought processes and problem-solving abilities, and they were slower to react. Virtaen also found that executives who work three or more hours longer than a normal eight-hour day run a 60% higher risk of heart-related problems than those who did not.

Overworking is definitely a no-no, so why not spend some of those working hours on other, company-approved leisure activities instead? Taking advantage of leisure activities can actually lead to more success, especially for small businesses, and higher employee satisfaction. And, when employees are happy in the workplace, they also tend to avoid the effects of stress and anxiety better—two things that can increase the risk of having heart problems.

 

A Great Chance to Learn

 

Offering work community events can also mean having learning activities such as regular seminars and workshops. Aside from offering a break from the usual, everyday work agenda, these kinds of events also enable employees to mingle with each other and learn key insights or even great advice from industry experts they can follow to work better and smarter and be in-the-know when it comes to important and relevant trends.

Here at CoTen, we offer monthly Lunch and Learn events where we invite guest speakers to discuss and talk about a number of different interesting topics, from cyber-security to effective business strategies. This gives chance to our tenants to learn more things they can use to improve their work, be updated on important developments, and get to know other tenants as well.

By having these activities as part of the workplace culture, you’re sending the message that you value the professional development of employees which, in turn, makes them more satisfied in the workplace.

 

Building Trust and Productivity

 

Bringing together workers in one activity or event and letting them know each other better and work together builds trust. And, in business, trust is a key component for success. It improves communication and fosters collaboration, leading to a greater chance to achieving business goals. When you build trust, you enable people to work together better.

Leisure and recreational activities as well as learning and teamwork-based events at work also combat boredom and help keep people motivated. This allows them to focus more on their key tasks and even develop their problem-solving skills. Combine this with better communication and improved collaboration—two other advantages of having these kinds of events in the workplace—and you’ve got a great recipe for added productivity.

At CoTen, we not only offer great, quality workplaces you can be proud of, we also offer activities to keep your employees engaged and focused. From our monthly Lunch and Learn sessions to regular basketball games, we encourage and promote communication, collaboration, learning, and teamwork in our offices. All these lead to happier employees which, as we all know, is great for business. Liking what you just read? Contact us today to know what we can offer your business.

The Advantages of Working with Different Companies in the Same Workplace

The Advantages of Working with Different Companies in the Same Workplace

 

The Advantages of Working with Different Companies in the Same Workplace

 

The demand for more flexible office spaces is steadily on the rise. Office co-working and co-tenancy spaces, where groups of people working for different companies share the same general area, are becoming increasingly popular with freelancers, flexible workers, SMEs, and start-ups. This kind of working arrangement has many advantages especially over a traditional office setup—particularly for entrepreneurs who thrive on surrounding themselves with like-minded individuals.

But what is office Co-tenancy, and how can it benefit you and your business?


Office Co-tenancy Explained

 

Co-working or Co-tenancy lets small businesses and individuals rent out pockets of space within an office floor or building. This space can be as small as a single desked room—co-working rental deals are flexible enough to suit different business needs and sizes.

To encourage more growth for the co-working industry, there must be innovative Co-tenancy companies to provide the right services for businesses of different sizes, starting with start-ups and SMEs. Whether you outgrow your space early or you end up paying for surplus space, typical leases are usually too inflexible to best serve growing organisations.

Here’s where CoTen comes in. Unlike serviced office providers, we offer flexible and quality office spaces at competitive fixed rates for as long as you need it, letting you make the most out of your budget.

And, as we’ve said, one of the defining characteristics of office co-working or co-tenancy is the fact that you’re with different people and businesses in the same general workplace. It may not be obvious at first, but this arrangement brings several key benefits, such as…


Potential for New Clients

 

For growing businesses, co-working increases the likelihood of gaining new clients easily because the people or other businesses within the same general workplace might become customers themselves, depending on the situation. For example, if you’re a growing digital marketing agency, look around—you might just find a start-up sharing the same office floor who are in need of your expertise to promote their business.

And, since you’re already near each other, communication is made easier. What’s more, relaxed and welcoming co-working spaces make it easy for you to connect with your clients and form longer-lasting, profitable business relationships.  At CoTen, many of our tenants have formed business relationships with each other, and that does not include the even greater number who have been able to help other tenants by introducing them to their clients who are in need of different services.

 

Networking

 

They may not become your clients but the other tenants in the same co-tenancy space could become your partners one way or another.

This is because co-tenancy offers the possibility of connecting with other like-minded individuals within your workplace who, like you, are driven to succeed and open to new ideas. You’ll also be able to open yourself up to valuable contacts who may be able to push your business to the next level.

In other words, office co-tenancy puts you in a good position to communicate with other businesses from the get-go, since you’re already in the same general location. And, if you collaborate with your fellow tenant businesses, who knows? Maybe they can lead you to more leads in the long-term.


Synergy

 

There’s something thrilling about being with bright, active, entrepreneurial minds within the same location. Traditional office spaces usually don’t offer this and, in turn, may hinder expansive thinking. Not only can you find new business contacts, you’ll potentially get to know more people who will motivate you to do better, and it is always good to be surrounded by older, wiser heads who have seen a few business cycles, or whose expertise, being legal, financial, marketing or a host of other disciplines can be brought to bear on any issues you are experiencing over a cup of coffee in a break out area.

Overall, this kind of environment promotes a more active mindset that can produce more ideas. A co-tenancy space drives this, producing a culture conducive to more learning and different from the dull and boring traditional office setup.

 

A Sense of Community

 

You may not be technically within the same company but you and the other people in the same co-tenancy area have the same aim: to achieve business success. This allows you to relate with each other’s success and struggles, forming a solid sense of belongingness and togetherness.

Employees can discuss what they do in a general sense, their aspirations, and their hopes with others working for different companies in a non-competitive environment. Doing so helps relieve stress and contributes to having an atmosphere that values communication. This can also lead to more working satisfaction as those in the same co-tenancy space can look forward to a place of work where people listen, and each member is not a rival but is more of a comrade. Work can be lonely and isolating—especially withing SMEs or start ups it’s always good to have added support in the workplace, emotional or otherwise.


Inspiration and Support

 

If you have the right mindset, seeing other businesses grow and gain more success right in front of you will inspire you. Co-tenancy gives you front row seats to witness this, motivating you to work harder and smarter. You might also pick up useful insights along the way that you can use to improve your own business.

We all know how tough the commercial world can be. Start-ups struggle to get off the ground, market conditions change, and plans fall apart. Co-working introduces you to people who understand these unique challenges and can offer you some helpful, practical advice.

With these advantages—and we’re only talking about one facet of co-tenancy—it’s easy to understand why more and more businesses are considering co-tenancy. If you want to experience these benefits and more for your growing business, CoTen has you covered. With quality office locations in highly sought-after Sydney CBD buildings, we provide collaborative working environments at a fixed price to suit your needs. As the only co-tenancy providers of our kind in Sydney, we offer a community vibe you’ll find beneficial for attaining more growth, success, and worker satisfaction. Contact us today to find out how we can give your thriving business the perfect office space it deserves.

First Impressions Last: The Importance of a Professional-Looking Workplace

First Impressions Last: The Importance of a Professional-Looking Workplace

 

First Impressions Last: The Importance of a Professional-Looking Workplace

 

Technology has changed the nature of how we work, allowing effective remote and mobile business operations. Yet, this has actually solidified the need for growing companies to establish workplaces where team members can physically regroup, gather, and work, reinforcing a sense of brand and collective mission. Flexible workplaces, co-working environments, and co-tenancy options such as CoTEN in Sydney exist to provide such needed space.

This is particularly important for start-ups and SMEs that have “jumped out of the basement” and are looking to carve out a reputation. Gone are the days (and nights) of makeshift tables, cramped and limited seats, and takeout food. Young and growing companies instead need to develop so that critical focus can be maintained in the early years in a collaborative work environment that feels a little more professional.

And when it comes to the workplace itself, it’s important that it is also “professional-looking.” But why is this so, and what does that actually mean?

 

Encourage Productivity

 

Imagine a workplace in which rules are not followed. Unstructured people often gravitate towards short-term fixes and procrastination. Cables snake across the floor, files start piling up, and personal items begin to define vague bubbles of territorial desk space—definitely not a pretty sight.

Although it’s fine to encourage team members and employees to “feel at home,” it’s always wise to emphasise the need to still be professional and organised. One way to achieve this is by having a professional-looking workplace that puts a premium on being organised. Studies have shown that such workplaces actually encourage more productivity from the employees, which benefits the business in general.

This certainly makes sense—when employees walk through the door of a workplace that looks professional, they see it as a venue to work and be productive rather than to be lazy and unproductive. On the other hand, a run-down, dirty, or disorganised workplace fosters confusion, which can lead to less work being done.

 

It Positively Affects Your Reputation

 

The saying “first impressions last” is also true in business. Imagine potential clients or partners walking into your office and seeing it disorganised and full of clutter. They might not mention it to you, but chances are they’ll think that you and your employees are also disorganised and inefficient. If you can’t even take good care of your workplace, how can you be trusted to deliver good service or performance?

As such, having a workspace that exudes quality and professionalism is important. It basically tells others that you are to be trusted, that you deliver professional and top-quality products and services, and that your business gets the job done. In other words, a workplace’s looks can be a reflection of the true identity of a business, and it can convince more people to work for you or become your clients.

 

Make Your Employees Proud

 

They say a business is only as good as its workers. And when they are inefficient or feel uninspired, the quality of work delivered will take a hit as well. And since people are affected by the environment they’re in, a low-quality or shabby workplace that’s in obvious need of order or repairs will also negatively affect their performance. Worse, this might even lead to them leaving the company. After all, who’d want to spend years working in a neglected, dilapidated setting, right?

As such, there’s always the need to help employees feel happy and inspired. Make them feel proud to go to work through a workplace that looks professional, clean, and prestigious. Doing so encourages them to view work in a more positive light. This can lead to higher satisfaction levels, and when workers are happy and inspired, the business will perform better.

 

Make Guests and Tenants Feel Welcome

 

Making visitors feel comfortable in your workplace is critical. Whether they are bringing potential business or simply making a delivery, guests will linger at the front or inside of a workplace. During this small amount of time, they’ll most probably scan their eyes quickly on how your office looks, and already form impressions about your team based on it.

Unfounded or not, these impressions highlight the importance of having a workplace that’s both welcoming and aesthetically pleasing with a professional flair. One way to achieve this is by having available seats and desks for guests and a dedicated area where they can relax and comfortably wait. Make them feel welcome, even if they’re not really part of your company. This is professional courtesy and doing it right can make more people view your brand more positively.

Just imagine a clean, organised office vs. one that’s in desperate need of cleaning or repairs. Which do you think will visitors want to visit a second time? Also, word can spread quickly, so think of this as protecting your reputation as well.

Boardrooms and meeting rooms also help set the real impression of the workplace—having access to quality, professional rooms where tenants can meet with guests or clients says that the workplace is both welcoming and adheres to the golden standard when it comes to facilities. For example, at CoTEN, we let our tenants use high quality meeting rooms for presentations or to talk with guests at no extra cost. We also don’t put overt CoTEN branding on our premises. Instead, we encourage our tenants to brand their suites with their own logos, making it their own. This makes them and their guests and clients feel even more welcome.

 

Promote Efficiency and Reduce Work Stress

 

A workplace that looks professional puts emphasis on organisation and efficiency. This is an important point since studies have shown that too much clutter can make employees less efficient and contribute to more work-related stress. This is understandable, to say the least. The added thought of cleaning and re-organising things and the confusion of not finding the things you need quickly can elevate your stress levels, especially if your office to-do list is already stacked.

So, do yourself and your colleagues and employees a favour by having a well-organised, professional-looking workplace. Aside from encouraging more productivity as previously mentioned, having one helps reduce stress and promote efficiency, two things that are important in any business.

 

The CoTEN Solution

 

Now that we’ve detailed the advantages of a professional-looking workplace, it’s time to ask if yours fits the bill. If you feel you need one that’s better for your growing business, then we at CoTEN, The Co-tenancy Company will be glad to help. We offer quality and professional office spaces at prestigious CBD locations with top-notch amenities and features for businesses who want a workplace they can be proud of—all that with a fixed pricing setup so you can get more out of your budget. Contact us today and know how we can help your business.

What to Look for in a Good Office Co-tenancy Space

What to Look for in a Good Office Co-tenancy Space

 

What to Look for in a Good Office Co-tenancy Space

 

There is a remedy for the lack of collaboration and isolation that comes as a standard when working for small and growing businesses who don’t have a dedicated workplace.

And, its side effects can include: An increase in productivity, profitability, and professionalism. Which means SMEs can expect to go “pro” in all senses of the word. These are some of the many perks SMEs can expect when opting for an office co-tenancy space, such as what we at CoTEN provide.

However, before anything else, you should answer this crucial question: What should businesses or entrepreneurs look for in a good office co-working or co-tenancy space? We answer that in this blog so, read on!

 

1. Space Flexibility and Variety

 

For a small business anticipating major growth, the idea of locking in to a three-year lease will mean that you will either outgrow the space quickly and have to break your lease at great cost, or you will over commit to the floor plate, meaning you are paying excessive rent for your needs whilst you grow into your space.

Finding one office location, with a variety of sized workspaces that will allow you to move between as you grow significantly saves on costs, stress, and time, as sourcing the correct office space is a long labour of love!

Additionally, co-tenancy spaces that consider a variety of different areas including lounges with couches, community desks, meeting rooms, quiet spaces, and solo offices help to create a far more productive and creative open environment. This also results in an overall look that’s not dull and boring, which can lead to visual stimulation to increase positive activity.

According to OfficeVibe, 70% of those who work in co-working spaces reported feeling healthier than they did working in a traditional office setting.

 

2. Affordability

 

It’s no surprise that those in co-working or co-tenancy spaces benefit from major cost savings, especially when compared to businesses trying to work in a traditional office setting.

The cost saving in co-working spaces come down to shared resources. Because several businesses are sharing communal spaces and technology, the cost can be distributed among a larger group. And, with other maintenance of facilities such as the office internet already taken cared of, you’ll also be able to reduce your overhead costs.

Along with this, some co-working spaces also offer fixed pricing models that already provide a certain number of benefits to businesses and reduce the pressure on their budget. As such, when choosing a co-working or co-tenancy space, study the offered pricing packages. Go for those which offer more at lower price points or fixed pricing models that eliminate the charge-by-the-use system to make the most out of your budget.

 

3. The Chance to Form Professional Relationships

 

Ever borrowed a cup of sugar from your neighbour when you were all out?

According to Unispace, since the early 2000s, co-working or co-tenancy spaces have certainly evolved and has become an avenue for SMEs to invite more clients and collaborate with more businesses. This allows SMEs to strengthen their networks, resulting in beneficial partnerships or even new clients—all without having to leave the workplace.

This brings us to an important point: looking for a co-working or co-tenancy space that already houses a few businesses that you may want to work with in the future, or at least has the capacity to do so.

 

4. A Professional Look and Great Location

 

Your workplace also reflects your business. If it looks professional and not generally run-down or dirty, then your company will also be viewed in a more positive light. Therefore, looking for a co-working space that’s not only affordable but also looks great and has that professional appeal is important. This becomes even more crucial for growing businesses who are still trying to establish a good reputation.

Along with the internal and external appearance, you should also consider the general location of the co-working space. This is important because, while the facilities may be great, if it’s in an area that does not have easy access to public transportation services or the central business district, then you’ll have to deal with tired, disgruntled, and less productive employees who have a hard time commuting. A less than favourable location can also be a huge negative when it comes to attracting clients or partners—they may be discouraged by the distance and opt for other, nearer companies instead.

In a nutshell, go with a co-working space that looks good and professional inside and out and is also located within the CBD, or at least has easy access to public transportation systems.

 

5. Leisure and Learning Activities

 

“All work and no play makes Jack a dull boy”—this proverb has stood the test of time and is still true in today’s professional landscape. It simply means that too much work can lead to boredom and unhappy workers. And, when your employees are not satisfied, chances are they’re not very productive or, worse, thinking of leaving your business.

This is why, when searching for a co-working or co-tenancy space, choose one that offers learning and leisure activities as well. These will break the monotony of the everyday work cycle and encourage your employees to have fun, which, as studies have shown, can increase their productivity. Having learning activities also promotes employee interaction and engagement while potentially boosting their skills and capabilities. For example, here at CoTEN, we have regular Lunch and Learn activities which provide business insights for guests as well as a sports team called the CoTEN Comets which encourages employees to play basketball.

Happy and satisfied employees also tend to stay longer, relieving the pressure on your HR department and building company loyalty.

These are what you should look for when choosing a co-working or co-tenancy company, and these are also the very same things CoTEN offers. With your growing business in mind, we offer quality office spaces within a prestigious CBD location along with quality amenities—all of that with a fixed pricing model that makes things easier for your budget. In need of an office space you can be proud of? Contact us today; we’re more than happy to help you out!

CoTEN Comets basketball

The CoTEN Comets are Off and Running!

 

 

CoTEN Comets basketball

 

The CoTEN Comets‘ season has just started! Our first game was a loss to Caramplifi, (who took the game far too seriously for a lunchtime Div 4 fixture, in our humble opinion).

 

CoTEN Comets basketball

 

Next week’s game is at 1PM vs the team “Harry, Larry, and Barry,” so in case you want a sporty way to get your mind off work and stress, join our mixed basketball team—we play at the King George V Sports Centre on 15 Cumberland Street, The Rocks during Thursday lunchtime. Aside from the ball-tastic action, this is certainly a fun way to get to know your fellow tenants better and to keep fit (if you’re in the team)!

 

Want to join the team? Please send an email to jon@coten.com.au.

 

The Advantages of a Flexible Workspace over a Traditional Office Setup

The Advantages of a Flexible Workspace over a Traditional Office Setup

 

The Advantages of a Flexible Workspace over a Traditional Office Setup

 

For start-ups and SMEs, early stage growth is an exciting time fuelled with possibility and potential. Moving fast and upwards means that a young company needs to ensure it has a solid, dependable workspace arranged so that time and effort can be focused on managing growth rather than worrying about where to turn up each day.

Having a professional workspace your business can call its own is certainly a big shift towards legitimacy. And, for new and growing businesses, this goal is being offered by co-working and flexible workspaces that have significant advantages over the traditional office setup, such as the ones below.


A Different, Exciting World

 

Traditional offices worked well in a less connected environment, when floor plans designated a solid company hierarchy and work was done “in-house.” But finding the perfect office was tough, as it meant hard negotiations to clinch a space that may fulfil the needs of uncertain growth forecasts over a multi-year period. Planning for change was therefore challenging, not to mention unfairly imbalanced against the leaser.

However, the shift to a more meritocratic and modern work culture means results are what matter, and the flexibility afforded by co-working and flexible workspaces caters to the more “liquid” and agile nature of such enterprises. So, what is the best way to provide the most flexible solution for a company’s needs when starting up? What’s the sweet spot for a business which has, say, 4-20 people, as an example? Here, agility and flexibility are important in terms of what the workplace offers to match the changing needs of the growing business, something a traditional and rigid office setup may find hard to do, being able to “flex” your office space up as your company grows is extremely important, remember, your floor-plate needs to fit your business, not your business fit your floor-plate!


Reduced Overheads

 

A shared tenancy space offers start-ups and small businesses working environments that are turnkey, yet without the hassle of “charge by use” resources that rack up debilitating costs in the serviced office model. Shared working environments offer a huge range of benefits for growing companies: you can share front office facilities to reduce costs, engage in open collaboration areas, and lease according to short or longer-term needs, and most importantly, have access to impressive board rooms that you are not paying to have stand empty for 5-6 hours each day!

The savings brought about by reduced overheads costs can then be used to fuel the growth of the business in other areas. Reducing budgetary constraints while meeting workplace demands is something growing businesses aim for when it comes to sustaining their progress.


Ditching Restrictive Confines

 

A major issue with traditional offices is the “siloed” mentality. Working within a company that uses one whole floor or building meant you were seldom outside of it. A company’s ability to understand competitor products, business models, and viewpoints was hampered by an inward-looking focus. In an interconnected, increasingly global and more collaborative economy, it’s damaging to hermetically seal off your talent.

Inspiration comes from strange places, and research now firmly indicates that we are more creative workers when we allow regular unhindered moments of non-working throughout the regular working day. Flexible workspaces opens up the options for spontaneity and interaction, as well as pure fun. Indeed, CoTEN, The Co-Tenancy Company is the first organisation in Sydney to actively promote so-called “Lunch ‘N’ Learn” events that mixes learning, lunching, and interactions with different tenants, as well as having its own mixed basketball team that plays once a week.

Learning to let go of the traditional office setup’s more confined mentality and ambience can open up the pathways required to realise the talent you have on your team. Let your people work to their own strengths and see how a more free-flowing and dynamic workplace can benefit your business.


Added Collaboration and Networking

 

Serviced and traditional office setups provide defined spaces for people to work in, which means they lack the potential for networking and idea-sharing that flexible workspaces have. Getting beyond the start-up phase means the added importance of forging alliances with other companies and determining the level of collaboration you need to maintain a fresh, competitive perspective.

This is something co-tenancy and flexible workspaces offer. Since you’re working with other businesses within the same vicinity, collaboration is encouraged and enhanced. Through community events or through simply eating together during lunch breaks, employees from different companies can talk and share ideas with each other. This form of communication promotes not just casual talk but also professional collaboration and even networking that can lead to even more growth for the businesses involved.


The Increasing Appeal of Flexible Workspaces

 

Since the idea of co-working was introduced in 2005, the number of established spaces has grown globally to almost 15,000, and in Australia the trend has been reflected by a 300% increase in co-working locations over the last five years. Critically, around three quarters of those currently using co-working spaces intend to remain doing so this year, and since over half of larger companies now make use of shared office space models, developing beyond SME size means that co-working is a part of a practical and reasonable strategy for long-term structural growth.

In a nutshell, co-working and the advantages of flexible workspaces aren’t something that only SMEs or newer companies notice and enjoy. Established businesses are realising their advantages, too, especially those that are planning to expand and establish their presence in other regions quickly and more seamlessly.


Exercise Your Right to Choose Better

 

For those planning to enjoy the benefits of a flexible workspace (or simply tired of the confining nature of a traditional office setup), CoTEN, The Co-Tenancy Company is here to help you out. With offices in Sydney’s CBD, we offer businesses professional grade workspaces with top-notch facilities and amenities within high class buildings and prestigious locations you can be proud of. Flexibility is key for company growth, something that our workspaces offer. Putting your company on the map may be an easier move than you thought—contact us today to know how we can help you do just that.

Why Co-tenancy is a Great Option for New Businesses

Why Co-tenancy is a Great Option for New Businesses

 

Why Co-tenancy is a Great Option for New Businesses

 

Where you work has a huge influence on how you work—having a quality office space can improve productivity and increase employee satisfaction while working in one that is rundown and offers sub-par facilities can lead to unhappy workers. For businesses looking for an office space they can both afford and be proud of, co-tenancy is being seen as a great solution.

According to Collier’s Flexible Workspace Outlook 2018 report, flexible workspace operators accounted for 40% of the Australian market in 2017. Demand is expected to grow even more over the next few years, as more and more businesses learn of the unique and distinct advantages associated with office co-tenancy environments.

Co-tenancy is a specific lease contract that allows multiple tenants to share a single working space. Working trends in Australia are moving away from large cellular offices towards integrated and customised spaces, with more small- and medium-sized enterprises (SMEs) choosing to share the same building or floor in quality CBD locations. CoTEN, The Co-tenancy Company, is at the forefront of this movement, offering quality workspaces to businesses, especially those comprised of 4-20 employees who need more than what a serviced office offers.

Co-tenancy offers a number of advantages over traditional leases and serviced offices, especially for smaller businesses who are experiencing growth and those just starting out, such as the ones below:


That Thing Called Convenience

 

Co-tenancy provides a level of convenience that is not easily available with traditional leases or serviced offices. Regardless of your industry, the location of your workplace is critical to your long-term success. Co-tenancy allows small businesses to work in convenient central locations and take advantage of existing services. From high-speed Internet and shared reception areas through to kitchens and gyms, convenience should never be underestimated when it comes to productivity and workplace satisfaction.


The Perks of a Nice Location

 

Co-tenancy allows even the smallest operations to access quality office locations. Why rent a cheaper office far away in the suburbs when you can choose to work in a prestigious and professional CBD location? Working in a quality location alongside other ambitious businesses will project a highly professional image to your clients and inspire your employees on a daily basis. The level of amenities workspace co-tenancy offers is generally much higher, with employees able to access top-notch common areas, gyms, and other facilities that enhance productivity.


Workspace Flexibility

 

Flexibility has become a huge buzzword over the last few years, especially in the context of workplace satisfaction. Flexible workspaces are not just hip, however, they are also an incredibly practical solution. Instead of setting up your entire operation at once, co-tenancy arrangements allow businesses to progressively set up and share services and spaces with other businesses. Flexible workspaces enable businesses to expand and contract with ease, something that is especially attractive to younger businesses and those involved with seasonal products and services. In CoTEN’s case, co-tenancy is also available on a fixed price model, which allows for better budget flexibility and more savings.


Stability is Key

 

When you’re setting up or pushing your new business to greater heights, stability should never be underestimated. Instead of moving around every six months due to unstable rental agreements or leases, clever businesses are choosing flexible shared workspaces that allow them to grow and evolve with security. Co-tenancy allows businesses the kind of stability and amenities that smaller businesses and those in shared offices normally wouldn’t have access to. This is an important point for productivity as well—working in an environment that doesn’t offer stability (e.g. you have to move again after a few months or the services/amenities available to you change regularly) can be distracting and disrupting, negatively affecting your employees’ performance.


Added Affordability

 

Co-tenancy is more affordable than traditional office leases in many ways. Since the workspace itself and the facilities within have been set up already, all your business has to do is just “plug and play,” allowing you to avoid doing expensive fitouts, renovations, and structural installations. This in turn helps you gain huge savings on items such as internet setups and other capital investments. And because you’ll be working with a fixed price model where everything you need is already included, you don’t have to pay extra for add-ons. With highly affordable rents and reduced office admin costs, co-tenancy allows you to focus on your business instead of being a slave to recurring maintenance costs and other building demands.


Workplace Collaboration

 

Last but certainly not the least, co-tenancy inspires workplace collaboration and community building. People work better when they’re working alongside other people, not just between employees in the same business but also between businesses in the same office location or floor. Co-tenancy ignites camaraderie between employees and firms and enhances networking opportunities between different commercial spheres. This friendly and collaborative working environment fostered by co-tenancy enhances employee satisfaction and inspires loyalty and can even lead to new opportunities through business partnerships and networking.

At CoTEN, we provide growing businesses with flexible working spaces that offer top-notch amenities situated within A or A+ grade office buildings in prime business locations. This means that you’ll have access to a professional work environment that not only has everything your business will need but also promotes business communication, collaboration, and even fun, recreational activities to increase employee satisfaction and encourage growth. All that at a cost-effective fixed price model for less budgeting hassles and more affordability.

If you’re looking for a workplace that has these characteristics, contact us today and be closer to joining the flexible workspace revolution.

What Your Office Desk Reveals About You

What Your Office Desk Reveals About You

 

What Your Office Desk Reveals About You

 

There are many privileges to my job. The first is getting to know each and every one of my tenants, no two are the same. As I drop in to say hi, I am amazed at how different and unique are the ways in which our tenants are able to make their space “theirs”—to impart personality into their work space. Being with CoTEN, I’m constantly being reminded of and deal with certain elements that are usually present in the workplace, the most recognisable of which is, perhaps, the humble office desk.

Often overlooked but nonetheless still a necessity, your office desk is more than just a table you put your work stuff on. In case you didn’t know, your office desk can also tell your colleagues (and basically anyone who can see it) several details about you. After all, you spend, on average, over five hours a day at it—with the time you spend with it, you’re bound to leave some sort of imprint on it. In fact, you could look at your desk as that part of you which never leaves the office.

That’s why, for me, it’s interesting to know what impression you’re giving your colleagues at work through your desk. So, what is your office desk—a core piece of your work identity—saying about you?

Being in the business of providing quality workspaces to other businesses, I’ve come to know that how an office desk looks like or is set up can be related to a person’s attitude or behavioural traits, more importantly I am struck by the difference between my desks and Kat, who sits next to me at 35 Clarence Street. Those who pop in to my office normally comment, but in case you have not come to the prow of 35 Clarence, the picture at the top of this blog is the evidence you may need to prove that the desk is an advert to your working style.

So I decided to do a bit of research into what those who study these things for a living would say if they came to visit my work pod. The answers may surprise and frighten you, but try to work out the image your desk projects to the rest of your team from my findings, that I share below…


You might be a minimalist if…

 

Your desk is so tidy and straightforward that it’s hard to believe you get actual work done on it! Clean and orderly, it (and the surrounding space) is usually characterised by the following:

– Neutral colours and themes
– A simple, very clean keyboard, mousepad, and dust-free screen
– Little to no desk personalisation
– Paper, envelopes, and other essentials that are neatly stacked

Your desk tells others that you’re there to accomplish your tasks, no more, no less. You prefer fewer distractions and are generally a focused and conscientious individual. On the other hand, being a minimalist, you can also have a reputation for lacking creativity at work but, hey, at least you get the job done.

This theme is best if: you want to avoid distractions and do a good job.

 

What Your Office Desk Reveals About You


You might be a techie if…

 

Your co-workers won’t notice your desk because of all the digital devices on top of it—it might even look more like a shelf in a gadget store than an actual office desk! In my observation, you’re basically telling your colleagues that you adore the latest technology if:

– Your desk has more than one screen you use for work
– Your desk has the latest superphone on display
– Your desk has other gadgets such as powerful laptops and tablets
– Your desk has at least two chargers under it

Being a techie, you are curious, insightful, and fun. You always want to find ways to increase productivity and often impress others with your knowledge about technology. This can be a bane as well though; you’re likely the office’s go-to person when it comes to your colleagues’ gadget woes, which can be distracting. You can also be over-reliant on technology, rendering you less useful when there’s a power outage or you don’t have access to your devices.

This theme is best if: you’re obsessed with finding ways to do your job easier and faster through technology.


You might be an extrovert if…

 

In the office spaces that we manage, desks that come with colourful and bold design elements that make them easier to spot amidst a sea of otherwise boring office desks usually belong to the extroverts. Other defining characteristics of this kind of desk include:

– Having bright, fun colours
– The presence of different accessories, gadgets, and knick-knacks
– Pictures of your family and friends on your desk and around your workspace
– Customised items such as a computer screen with a different design, attracting more attention to your desk

If you’re an extrovert, you’re assertive, fun, and insightful—all attractive workplace qualities for me. Be sure to get your work done though; you can have a reputation for being too chatty and easily distracted.

This theme is best if: you’re showing colleagues you’re fun, friendly, and approachable.


You might be a hoarder if…

 

You have a hard time using or organising your desk because of all the things on it, both needed and unnecessary. Now, to be honest, my desk most likely belongs to this category. That desk in the image below that looks like a storm passed through it? That’s mine, believe it or not!

This kind of desk usually has the following:

– A plethora of unused stationery supplies
– A slew of other things that you really don’t need, from old assignments to empty boxes
– Plenty of old pens and coffee-stained post-its
– Loads of office supplies (a reason why your officemates frequent your desk)

Office hoarders are usually known for being welcoming and friendly. While your desk might seem very messy and others might see you as unproductive or easily distracted, you’re usually still able to do your job quite nicely. I’ve learned that it’s in the way you’re able to use your desk—other people may find it distracting but for you it’s actually “organised chaos.” Plus, you have quite the distinction of “having everything,” which is why your officemates frequent your desk more—definitely good for making more friends in the workplace!

Just be careful though and don’t let your things reach the desks of the person next to you—he or she won’t like you for it. I recommend making full use of your office cabinets or, if you still run out of space, bring storage boxes if you really can’t let go of your items.

This theme is best if: you want to make sure you have everything that you need and will possibly need.

 

What Your Office Desk Reveals About You


You might be an introvert if…

 

You’re almost the opposite of an extrovert—usually silent and shy, likes solitude, independent, and self-aware. An introvert’s desk is characterised by:

– Having stacks and piles of everything on it, from papers to books
– Being more of a fortress than a workspace
– Having a low-profile or neutral colour scheme
– Everything you need is within easy reach—you don’t like drawing attention to yourself

As an introvert, you may have something of a reputation for being shy or unapproachable. However, in reality, you just want to show your colleagues that you aim to be more focused, driven, and creative. Introverts are also quite efficient and perceptive, although they sometimes tend to be distracted or overwhelmed by too much stimulation or activity around them.

This theme is best if: you want to stay on the periphery, get the job done, and focus.

Whether we like it or not, impressions matter not just in the office but also in other aspects of daily life. Now that you’ve seen my desk, take a look at your own and ask yourself “what is it telling my bosses and colleagues about me?”

 

In need of a high quality space which promotes growth and collaboration?

 

If yes, then I’d like to tell you more about my company. Currently the first and only company of its kind in Sydney, CoTEN, the Co-Tenancy Company, meets the needs of growing businesses who want their own space in a high grade office building, access to great presentation, board and interview rooms, and also want the flexibility to accommodate company growth.

Unlike serviced offices, CoTEN operates on a fixed-price model for increased affordability and offers dynamic, high standard, and sought-after office locations to blooming businesses. We pride ourselves in providing our clients a work environment that not only helps them grow and progress but also fosters communication and collaboration. Is your business needing this kind of office space? Click here to know how we can help you out.