Pros & Cons: Coworking vs. Traditional Office Rentals in San Antonio

Coworking vs. Traditional Office Rentals in San Antonio
Here in San Antonio, more people than ever are looking for flexible work environments that foster collaboration and flexibility. Coworking spaces provide an affordable option to these entrepreneurs or individuals who work remotely without having to manage their office space.

Of course, not everyone wants to share their workspace with people they do not know which is why they may choose a private and more traditional office space. But, even the most private of office workers could save money and build a network of peers by looking into coworking spaces here in San Antonio.

San Antonio Embraces Coworking

Our city has become a melting pot of modern creatives who are looking to network with like-minded individuals. As more millennials enter the workforce, their need for flexibility is changing the way the entire workforce thinks about working. We are becoming less tethered to our desks thanks to platforms like Slack, Basecamp, Google Docs, and others. While not every business is interested in employing those who wish to wander, it is far more common to offer flexibility in where you choose to work.

Technology companies that are located in major cities such as New York, San Francisco, or Mountain Valley are often looking for talent in any location of the world and will allow those individuals to work remotely. Coworking spaces are a great alternative to setting up a temporary workspace at the local coffee shop or being confined to your home.

PROS of Coworking Spaces

  • Coworking with Venture X Saves You Money

Working from a coworking space as opposed to a traditional office rental can save you money in more ways than one. Instead of a lease or rental where you are committed to a long-term agreement and giving a large security deposit, with coworking spaces at Venture X, you work month to month on an as-needed basis. This provides flexibility for those who need it to accommodate for seasonal fluctuations in their schedules. If your work takes you to other cities where Venture X is located, you have the option to work from that space as well. It would be very costly to maintain offices in more than one city.

Additionally, with a coworking space, you rent the space you need, not more. Sometimes you may end up with additional space because it’s all that was available but if that space is not needed, that’s money you could be saving. Lastly, many forget to calculate for the cost of furniture, utilities and maintenance of an office space. With Venture X, you don’t need to worry about those additional expenses that can add up very quickly; we have tastefully selected office furnishings for you, we worry about the Internet and power bills as well as the cleaning and maintenance of the office.

  • Coworking Provides Access to a Wide Range of Talent

When someone works in an office, he or she is surrounded by the same people each day and everyone is working toward the same goal. But, with coworking spaces, they have access to lots of different talented individuals and often those that work in industries completely different than their own. You can bounce ideas off these individuals, trade resources, or even work together.

  • Coworking Spaces Offer a Support System

As any entrepreneur will tell you, getting a business started is not an easy task. Although one is not usually completely alone in this undertaking, it is rare to have others with the same goal in mind working in the same office. In a coworking space, you can seek advice and words of encouragement as well as bounce ideas off of others who are navigating this course as well.

  • Coworking with Venture X Offers Networking Opportunities

Regardless of the size, every office offers networking opportunities with other professionals before, during or after the work day. Never underestimate how far some connections can take you; they may know someone who knows someone that you end up working with on a project.

  • Coworking Equals an Ongoing Learning Opportunity

All successful individuals will tell you that you should always strive to surround yourself with people you can learn something from and who are in places where you want to be. Continuously improving your skill set is invaluable and lifelong learning should be a goal for all professionals so always take advantage of the opportunity to learn from those around you.

CONS of Coworking Spaces

  • Coworking Spaces are Distracting

Although coworking spaces can be a great place to work, they can also be distracting and harmful to productivity with so many people moving around and talking in a shared work space. However, if you’re busy and determined enough, the comings and goings of others will go unnoticed.

Joining a coworking community will put you in touch with other San Antonio locals who share the same drive for success that you do. Just reflect on how the “pros” far outweigh the “cons.” Consider removing yourself from the isolation of working alone and join Venture X’s coworking community today! Call us today to schedule a tour of facilities; we have now doubt you’ll love working here!

VentureX Featured in Mississauga News

VentureX Canada was recently featured in the Mississauga News, the article showcases the launch of the first VentureX co-working space in Canada.

“Mississauga’s buzzing entrepreneurial community has prompted a North American company to open a brand new office space in the city’s downtown core for people of all industries and occupational backgrounds.

Venture X will officially open the new three-level, 6,000-square-foot space on Friday, April 28, located near Square One Shopping Centre, on Village Centre Court.

“We are very excited to be bringing Venture X to a city like Mississauga,” said Venture X Canada Director of Operations Anas Saltaji. “We see a lot of potential in this city. It is a vibrant, metropolitan area with a diverse community of people and entrepreneurs that we cannot wait to welcome into Venture X.”

Saltaji said his team identified a particular need for this type of space in the city.”

Source / Read More: Mississauga News

VentureX Featured in Palm Beach Post

Ray Titus (left), CEO of United Franchise Group, and Thomas Weber, President of VentureX, pose at United Franchise Groups’ offices in West Palm Beach. Venture X opened its first space in Naples and is planning to add more in Miami and several other cities. 

United Franchise Group (UFG) joins the workspace market with Venture X. The idea behind Venture X is to promote co-working by creating a place where an entrepreneur without an existing office can come work and share ideas or a cup of coffee with other entrepreneurs for as little as $99/month. The first location in Naples, FL has led to others in cities such as Atlanta, Dallas, Denver, Houston, Miami, New York and San Antonio which is already up and running. Ray Titus, CEO of UFG, and Thomas Weber, President of Venture X, are excited about the future of Venture X. The idea is to give the “working from home” entrepreneur and freelancer a professional workspace that is inspiring and can be used for client and vendor meetings.

WEST PALM BEACH — With flexible office space all the rage in big cities, West Palm Beach-based United Franchise Group hopes to capitalize on the latest trend in commercial real estate.

United Franchise Group’s new concept has a trendy name — Venture X — and a marketing pitch based on providing entrepreneurs with workspace for as little as $99 a month and without long leases.
Venture X opened its first office space in Naples and is working to add locations in Atlanta, Dallas, Denver, Houston, Miami, New York and San Antonio, said Ray Titus, chief executive of United Franchise Group.

Venture X is aiming squarely at entrepreneurs and freelancers who are a bit too prosperous to keep toiling on the couch or the local coffee shop.

“Working from home and Starbucks works for a certain amount of time,” Titus said. “But once you build the business up, you outgrow that. When you’ve got machinery in your living room, or inventory in your den, or vendors coming to tour your facilities, it becomes an issue.”

The concept of business suites is nothing new. In fact, Titus said, United Franchise Group rents space in Las Vegas from Regus Business Centers, a long-established provider of office suites. Servcorp is another longtime player.

And the co-working concept created by WeWork has become a venture capital hit, achieving a valuation of billions based on its model of ping-pong tables and afternoon happy hours.

Meanwhile, new ventures such as PivotDesk and Liquid Space operate a model similar to Airbnb, allowing landlords to offload empty space.

“It’s a hot market with a lot of competitors, but that’s something we’re used to,” Titus said.

He positions Venture X as a concept somewhere between Regus Business Centers’ relatively staid approach and WeWork’s hipster vibe. Tenants can interact with each other and use their memberships at Venture X locations in other cities.

“It’s really a comfortable business atmosphere,” Titus said. “There’s some fun, but we’re not promoting ourselves as this just-for-startups type of scenario.”

Read More / Source: Palm Beach Post

VentureX Featured in Franchising.com

United Franchise Group, which already includes multiple award-winning franchise concepts including Signarama, Fully Promoted (formerly known as EmbroidMe) and SuperGreen Solutions, has added yet another concept to its lineup of brands: Venture X, a premier provider of membership-based, flexible workspace featuring modern design and boutique, concierge-style services appealing to a wide range of professionals within an inspiring, diverse and collaborative “community” atmosphere.

The way people work is changing at lightning-speed and Venture X is catering to the needs of that market. By 2020, estimates predict fully 40 percent of the U.S. workforce will be comprised of entrepreneurs, independent contractors and others seeking a workplace environment that removes them from the distractions of home or traditional offices while providing a rich environment of like-minded people where they can network and make valuable work and social connections.

“Venture X is far more than just a place to work”, said Ray Titus, CEO of United Franchise Group. “It’s a local community that is inspiring, diverse and collaborative. Members not only have a sense of belonging, but can also obtain customers through their association at the location. That’s why it’s a perfect fit for United Franchise Group-we are the global leader for entrepreneurs but at our core we believe in personal relationships, face to face meetings and building communities. Venture X is the perfect opportunity at the perfect time.”

Venture X President Tom Weber has a long and successful background in commercial real estate banking, as well as in owning and managing large office/retail buildings that included “executive suite” facilities. “Venture X has taken this concept to a new level with its ‘co-working’ environment,” Weber said. “This is clearly the wave of the future.”

The flagship Venture X location is in Naples, Fla., with numerous franchises sold throughout the country and the first expected to open in San Antonio, Texas. The brand’s first global unit in Canada is also expected to open soon. Venture X projects opening more than 40 domestic and three international locations in 2017.

Source / Read More: Franchising.com

Entrepreneurial Spotlight: San Antonio, TX

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When it comes to starting a business, location can affect everything – the talent you recruit, the type of clients you attract, and how well your product sells. San Antonio may not be known across the country as a hub for entrepreneurship, but this community has quickly become a great location for any business to blossom.

Centrally Located in the Heart of Texas
San Antonio’s location makes it easy to access other major cities in central and southern Texas. Whether your business requires easy access to the airport or a bustling community to network in, San Antonio has it all.

San Antonio Values Community Over Competition
Attending a business networking event in San Antonio means one thing and one thing only: new friendships. Whether you’re a photographer, chef, community blogger, or stylist, the community welcomes other businesses and aims to create an environment that fosters collaboration over competition. Venture X is all about collaboration too.

It’s Affordable to Live & Start a Business in San Antonio
Many people would love to start a business in fast-paced cities like New York and San Francisco but without a large amount of money set aside, those goals are hard to obtain. The cost of living alone will set you back, leaving less money available to grow your business. San Antonio’s median housing costs are on par with the national average but without sacrificing the amenities loved in larger cities.

Our downtown community is rich in history, nightlife, and new dining opportunities. Whether you’re hosting clients from out of town or looking to network, San Antonio offers something for everyone.

San Antonio Ranks #10 on Best Cities to Open a Business
According to CNBC, San Antonio is the 10th best city in the nation for entrepreneurs. A well-educated workforce, reasonable taxes, and a diverse community contributed to naming San Antonio in the top 10 with room to move even higher up.

CNBC also mentions that the local community will likely continue to flourish as more people move to the area thanks to a low cost of living and good quality of life. As more families relocate to the area, San Antonio should expect an increase in business offering an even more diverse workforce.

San Antonio is a great city to grow your business in. The rich history and friendly atmosphere offers the perfect backdrop for any entrepreneur and Venture X knows you would love to work here too.