The role of coworking spaces in the growth of companies Reduction in upfront costs is one of the main benefits that motivate many companies to seek out coworking spaces. Flexible offices are viewed as spaces that may be optimised by eliminating the need to purchase and maintain fixed assets. Salesforce now expects more than 65% of its workers to work only one to three days per week, up from 40% before the pandemic.Д¬oworking spaces are popular among companies of all shapes and sizes, primarily because they are seen to help them optimise their cash flow. Salesforce and Airbnb, for example, have drastically reduced the quantity of office space they rent. More companies have begun to recognise and adjust to this shift. While most employees want to return to work, most only want to come in two or three days a week, meaning that employees need less space than in the past because it is doubtful that everyone will want to come in on the same day. The pandemic has revolutionised the real estate landscape and introduced new challenges to the spotlight. The traditional office does not work today Without a clear direction, any attempt to expand might backfire and cause companies to slow growth down, emphasising the importance of being cost-effective and cost-efficient in order to shift from survival mode to growth mode. According to HSBC Navigator: Southeast Asia (SEA) in Focus, foreign companies in China (41%), India (29%), and the United States (24%) are looking to prioritise growth in Malaysia over the next two years as the economy recovers.Д¬ompanies must plan ahead, examine their personal positions and management strengths, and consider how they can successfully scale their companies in a sustainable way.

This is poised to only get worse as we look towards a potential recession and a fundraising slowdown for startups across the world, underlining the need for more companies, not just startups, to focus on smart capital allocation decisions that help ensure their long-term viability.ДЄs technology advances at a rapid pace and global economies slowly recover, the growth of startups and businesses will only continue to accelerate. 51 billion) was invested in Malaysian startups, a number dwarfed by IndonesiaвЂ™s USD $5.63 billion and SingaporeвЂ™s USD $1.47 billion. Startups are typically capital-strapped, with the primary challenge being to maintain their cost structure as minimal as possible. Smart capital allocation is critical for all businesses, but it is even more pertinent in the risky world of startups, where the wrong money move might spell the death of your company. By Stephanie Ping, Co-founder and CEO of WORQ

Coworking space in time square