Coworking Spaces Offer Unique Opportunity for Local Small Business Owners and Entrepreneurs

coworking, working remotelyDeciding to start your own small business can be difficult, expensive, and time consuming. Costs for a typical business include office space, startup costs, inventory, administrative costs, and employee pay. Here in Illinois, local entrepreneurs and small business owners are finding interesting new ways to cut costs through the use of shared coworking spaces.

What Are Coworking Spaces?

Coworking spaces exist for a variety of reasons, including to lower operating costs, as well as for a workplace simulation for those who are used to working out of their home or in other remote areas. Coworking spaces allow members to utilize a shared workspace, office supplies, and other tools, in order to conduct work.

Members of the coworking space will typically pay a monthly fee. In exchange, they receive access to all of the benefits that the coworking space has to offer. Coworking spaces may consist of open-air tech labs with desks that don’t have fixed ownership. Other coworking spaces simply offer executive office space with doors and privacy that can be rented on an hourly or monthly basis. Some coworking spaces provide storage space, so that members can store inventory and other goods. Many coworking spaces offer shared lounges for coffee, as well as entrepreneurial training programs.

Coworking spaces use the pooled fees of their members in order to lower the costs of office supplies, office space upkeep, and administrative services, such as copying and faxing.

What Are Some Good Local Coworking Spaces?

Coworking spaces have been popular in big cities like Chicago for years. However, they are slowly making their move to the suburbs, as well. In recent years, Naperville and the surrounding areas have seen an increased proliferation of coworking spaces. We have compiled a list of some the best burgeoning coworking spaces operating in and around Naperville. These include:

  • SpaceLab in Mokena, Illinois was started by the video game company Lunar Giant. SpaceLab welcomes remote workers, freelancers, and any other individuals who would like to take advantage of a shared workspace, one that also provides classes for entrepreneurs;
  • Huntley Offices in Huntley, Illinois provides a shared, fully furnished coworking office space on a rental basis. Rental perks include warehouse space, shared office space, and administrative staff support;
  • Regus will be opening a coworking space in downtown Naperville later this year. This location within the Illinois Technology and Research Corridor will offer meeting rooms and other coworking space amenities, along with a premium location in downtown Naperville; and
  • Park East Office Suites in Wheaton, IL provides a variety of shared coworking space options, including hourly office space rental and shared administrative staff services.

The coworking space movement has the potential to provide great opportunities and a new style of business operation for local Naperville area businesses and entrepreneurs. If you have any questions or need small business law legal advice, you should contact the small business law attorneys here at The Gierach Law Firm in Naperville, Illinois for all of your small business law questions or issues.