Regus is providing answers to business outfits which are thinking of using shared workplace. The world's largest provider of outsourced workplaces for businesses of any size, Regus believes shared workplace provides businesses with a sustainable route to growth.
Its Country Manager, Vijayakumar Tangarasan said that co-working allows businesses to expand rapidly without committing to lengthy leases and adapt to changing circumstances in a flexible way.
"For instance, firms looking to move in a new direction can use a co-working to test the waters before making any concrete changes.
"On the other hand, if conditions in a particular market take a turn to worse, downsizing will not incur the hefty penalties associated with traditional leasing arrangements" Vijayakumar said at a Regus Suria Sabah Shopping Mall networking session on Tuesday, March 21.
According to the latest research by Regus, it reveals that co-working is now considered a long-term option for business, instead of a temporary solution.
Sharing an office space used to be as little more than a short-term answer for start-ups on a budget or entrepreneurs seeking company.
Incorporating co-working into their long-term plans is not only seen as a cost effective alternative, but help businesses remain agile and responsive to sudden market changes that are rife in the volatile global economy.
Global business people report that firms are renewing co-working agreements because they offer the opportunity to scale operations up and down rapidly without incurring extra cost and are shorter than fixed leasing arrangements, allowing them to review conditions more frequently.
Firms are also renewing co-working agreements to sustainability grow the business and not just because they are less expensive than fixed leases.
"The rise of co-working represents a real opportunity for corporate as well as smaller business, as they can use this solution creatively in a way that suits their needs.
"Moreover, co-working helps companies free up capital to invest in growth initiatives" said Vijayakumar.
Meanwhile, as part of their expansion over 3,000 locations in 120 countries, Regus is pleased to announce that their Mataking Room at Regus Suria Sabah has been given a facelift.
"Mingle with our friendly and professional community team members who will ensure you have everything you need. From audiovisual equipment and whiteboards to food and beverage service - we've got you covered" said Vijayakumar.
Besides the existed Regus at Suria Sabah, they are planning to expand more branches in Kota Kinabalu in the near future.