I was chatting with a friend of mine the other day who told me that he was thinking about sharing office space with another company. I responded, “Why?”
He gave me the logical answers – shared expenses, a bigger office, and more space to share (conference room, kitchen and bathrooms).
All make sense, but in today’s tenant driven market does the upside of the “shared costs & space” offset potential pitfalls? What happens if one company expands and needs extra space? Worse, what if one company can no longer afford to pay rent? And what about the risk of a bad employee who now has access to both firms information?
Just remember, having your own space and controlling your own destiny can sometimes be much easier for you and your business.