It looks increasingly likely that UK business owners will be searching for cost-effective solutions to include in their Annual Operating Plan (AOP) this winter. According to the Bank of England, the UK is heading for a recession.
England’s central bank has revealed that the 13% surge in energy prices will bring the average household energy bill in the UK up to £3500 this year. The increase in living costs will prompt consumers to curb their spending.
A decline in spending is not good news for business owners that are already feeling the pinch from hefty office leases, an increase in cost for raw materials and higher utility bills.
One solution to significantly cut your operating costs is to let go of the expensive office lease and take advantage of cost-effective coworking spaces.
However, entering a long-term contract with a coworking space that only offers fixed monthly payments may not necessarily enable you to free up cash flow either.
Why PAYG Coworking Spaces Provide Cost-Effective Solutions
Having spoken with multiple business owners in London that have adopted a hybrid model, it’s apparent that many companies are holding on to office space they are not using.
According to a survey conducted by Consultancy Advanced Workplace Associates, UK employees spend an average of 1.5 days in the office a week. 13% of workers only call in on Fridays.
This is money down the drain that could be put to better use.
The smart solution is to take advantage of coworking spaces that offer a Pay-As-You-Go (PAYG) program. With BluDesks, you can book private offices and meeting rooms by the hour – so you only pay for the space you use when you need it.
PAYG coworking spaces help to alleviate the financial burden and plan your operating costs by enabling you to manage your budget closely. You also get access to amenities and facilities you would expect from a fully-functioning office.
Coworking spaces also eliminate utility bills. And the rising costs of energy will suck up even more revenue from small businesses in the foreseeable future. It’s barely worth turning the heating on if there’s hardly anybody using the office.
Flexible Office Spent You Can Rent By The Hour
With more UK firms switching to a hybrid model, access to coworking spaces makes sense. Not only from a financial point of view but also to give your employees more flexibility.
Remote workers will occasionally need access to office facilities such as a photocopier or scanner. Rather than making the hour-long commute to your central office, they could book a desk for an hour in a coworking office 19 minutes from their home.
Not only are PAYG coworking spaces less costly, but they are also more convenient. And BluDesks go one step further by providing access to hundreds of coworking spaces from a central portal.
With a single membership, you can book private offices and meeting rooms by the hour anywhere in the UK. For businesses that need to cut costs, BluDesks could provide a solution that helps you to navigate the recession.