Benefits of Hosting a Startup in Your Corporate Office Space
The virtual office has gained a lot of attention over the years as it becomes increasingly easier to work remotely, but for some businesses it brings a unique benefit. It has become possible to host start-up businesses within your office space. While this may at first seem a little odd, there are some extremely unique benefits that you can gain by opening your spaces to a start-up and to helping them establish a virtual office. Naturally, this is a very symbiotic relationship because the start-up gains as much from the experience as you.
How Start-Ups Benefit
The benefits to start-ups are relatively easy to guess. By being able to share space with an established business, start-ups are able to find better spaces for employees. Most office complexes are made for larger businesses, making it more difficult for start-ups to get the right kind of space for their needs. If you have extra space, you can give them an opportunity that they are not likely to find anywhere else.
The employees stand to benefit a consider amount from the virtual office. They will be able to interact with your employees, providing an amount of stability generally lacking in start-ups. They can gain encouragement and mentoring that they are not likely to find within their own organization, if for no other reason than because they are far fewer in number.
How You Benefit
The energy and ideas of start-ups are contagious. They have a new way of looking at things and in expressing ideas, which will help rejuvenate your workers and your own approach to the work. Start-ups also move far more rapidly than older, larger companies because their primary goal is getting established. This sense of purpose and urgency are great for your employees to witness as well as it will inspire them to take a similar approach.
The close interaction with a start-up will generate a better understanding of other businesses. It is one thing to see how your customers and other businesses work from the outside, but working in close proximity to a start-up creates a whole new appreciation for how others operate. It is too easy to get stuck in a rut or to fall into routines that work in some cases. Having a start-up working in your office space will generate goodwill, and you will be able to help each other in different areas, like new hire references and positive opinions being expressed to others based on the relationship.
Things to Consider
If you are seriously considering creating a virtual office with a start-up, you do need to take a few things into account. For example, you should both sign a nondisclosure agreement to make sure trade secrets are respected and upheld should they be discussed between your company and the start-up. You should also agree to not solicit each other as they generally creates more tension, as well as establishing base rules for working in the same space.