How to run your small business from a coworking space

Nina Mosey on September 20, 2023

Many people start their small businesses from home. While running your business from your dining room table can be a great way to get started, there may come a time when you need to separate your home life and your work life.

That’s when a coworking space may come in handy!

Running a small business in a coworking space can be a cost-effective and flexible way to manage your operations and draw a line between home and work. Here are some steps to help you successfully run your small business from a coworking space:

  1. Choose the Right Coworking Space:
    • Select a coworking space that aligns with your business needs, location, budget, and desired amenities. Consider factors like proximity to clients, partners, and transportation options.
  2. Plan Your Workspace:
    • Assess your workspace requirements. Determine if you need a dedicated office, a shared desk, or a flexible hot-desking arrangement. Make sure the space accommodates your team’s size and needs.
  3. Secure Necessary Amenities:
    • Confirm that the coworking space provides essential amenities such as high-speed internet, meeting rooms, printing/scanning facilities, and kitchen access. These amenities may be crucial for your day-to-day operations.
  4. Check Flexibility and Terms:
    • Review the coworking space’s membership agreements and terms. Ensure they are flexible and align with your business’s growth plans and financial situation.
  5. Set Up Your Office:
    • Arrange your workspace efficiently. Personalize it with your branding and essential equipment. Ensure it’s comfortable and conducive to productivity.
  6. Establish a Professional Presence:
    • See if you can use the coworking space’s address and phone number for your business. Many coworking spaces offer virtual office services that include mail handling and call answering, which may be of use to you as you grow.
  7. Network and Collaborate:
    • Leverage the coworking environment to network and collaborate with other members. You may find potential clients, partners, or collaborators within the coworking community. The coworking space may maintain a list of hosted businesses.
  8. Adhere to Coworking Rules:
    • Respect the rules and guidelines of the coworking space. Keep noise levels appropriate, maintain cleanliness, and adhere to shared resources’ usage policies.
  9. Manage Your Time Effectively:
    • Working from a coworking space can be sociable, so it’s essential to manage your time effectively to stay focused on your business tasks. Create a schedule and set boundaries for social interactions.
  10. Stay Secure and Protect Data:
    • Ensure your business’s data and information are secure. Use encryption, strong passwords, and consider privacy screens for your devices when working in shared spaces.
  11. Customer Meetings and Presentations:
    • Utilize the meeting rooms or shared spaces within the coworking facility for client meetings and presentations. You may be able to use their space to give a professional impression when meeting clients or partners.
  12. Stay Organized:
    • Implement efficient organizational systems for paperwork, files, and digital documents. Keeping your workspace organized can help you stay productive.
  13. Budget Wisely:
    • Monitor your expenses carefully. Coworking spaces often have predictable monthly costs, but you should still track your spending to ensure it aligns with your budget.
  14. Evaluate and Adjust:
    • Regularly assess how well the coworking space meets your business needs. If your business grows or changes, be open to adjusting your workspace arrangement accordingly.
  15. Legal and Compliance Considerations:
    • Ensure that your business complies with local regulations and licensing requirements, even when operating from a coworking space.

Running a small business from a coworking space can offer flexibility, cost savings, and networking opportunities. By choosing the right space, staying organized, and maintaining professionalism, you can create a productive and successful business environment in a shared workspace.

If you live near Lunenburg, NS, and would like to check out the coworking spaces at Bluenose Business Hub, give us a call or email!

How to Start a Business in Nova Scotia, Canada

Nina Mosey on July 19, 2023

Nova Scotia is one of Canada’s most beautiful provinces, and attracts a lot of people interested in living and running a business here. Starting a business in Nova Scotia, Canada involves several steps and considerations. Here’s a general outline to guide you through the process:

  1. Business Idea and Market Research: Define your business idea and conduct thorough market research. Understand your target audience, competitors, and potential demand for your product or service in Nova Scotia.
  2. Business Plan: Create a comprehensive business plan outlining your business goals, target market, marketing strategy, financial projections, and operational details. This plan will be essential when seeking funding and making strategic decisions.
  3. Legal Structure: Choose a legal structure for your business. Common options include sole proprietorship, partnership, corporation, or a cooperative. Each structure has different legal and tax implications, so it’s important to consult with a lawyer or accountant to make the right choice.
  4. Registering Your Business: Register your business name with the Nova Scotia Registry of Joint Stock Companies. This step is necessary for most business types and ensures that your business name is unique and not already in use by another entity.
  5. Permits and Licenses: Depending on the nature of your business, you may need specific permits or licenses to operate legally. Check with the Nova Scotia government’s online resources or consult with a local business advisor to identify the necessary permits.
  6. Taxation and Finances: Obtain a Business Number (BN) from the Canada Revenue Agency (CRA) for tax purposes. Familiarize yourself with tax obligations, such as income tax, sales tax (GST/HST), and payroll taxes if you have employees. Consider opening a business bank account to keep your personal and business finances separate.
  7. Insurance: Obtain the appropriate business insurance to protect your venture from potential risks and liabilities.
  8. Location and Premises (If Applicable): If your business requires a physical location, research suitable premises and negotiate lease agreements or property purchases.
  9. Hiring Employees (If Applicable): If your business needs employees, familiarize yourself with labor laws, employment standards, and workplace safety regulations in Nova Scotia.
  10. Marketing and Branding: Develop a marketing strategy to promote your business. Establish your brand identity and utilize both online and offline marketing channels to reach your target audience.
  11. Network and Seek Support: Connect with local business associations, chambers of commerce, and entrepreneurial networks in Nova Scotia. They can provide valuable support, resources, and networking opportunities.
  12. Launch and Monitor: Once everything is in place, launch your business and closely monitor its performance. Continuously assess your progress, make adjustments as needed, and stay informed about changes in the market and industry.

NovaScotia.ca is a marvellous source of information for the new business owner, with checklists for launching your business as well as online access to registration, filing and other resourc es.

It’s important to note that this article is a general overview, and each business may have specific requirements and considerations. Don’t hesitate to seek professional advice and support to ensure your business complies with all legal and regulatory requirements in Nova Scotia and do check out NovaScotia.ca!

12 Top Tips for Coworking

Nina Mosey on June 3, 2023

Coworking spaces offer a flexible and collaborative work environment for individuals and small teams. To make the most of your coworking experience, consider the following twelve tips:

  1. Research and choose the right space: Look for a coworking space that aligns with your needs, budget, and location preferences. Visit different spaces, check reviews, and consider the amenities they offer.
  2. Respect others’ space: Coworking spaces often have shared desks or open areas. Be mindful of your noise level, phone conversations, and personal space. Maintain a friendly and respectful atmosphere for everyone.
  3. Network and collaborate: Take advantage of the opportunity to connect with other professionals in the coworking community. Engage in conversations, attend networking events, and explore potential collaborations.
  4. Follow the rules and guidelines: Each coworking space may have its own set of rules and guidelines. Familiarize yourself with them and ensure you comply to maintain a pleasant working environment.
  5. Create a routine: Treat your coworking space as your regular workplace. Establish a routine that allows you to be productive and focused on your tasks.
  6. Bring essential supplies: While most coworking spaces provide basic amenities like Wi-Fi, desks, and chairs, you should bring your own essentials like a laptop, chargers, notebooks, and pens.
  7. Be mindful of shared resources: Coworking spaces often have shared facilities like printers, meeting rooms, and snack areas. Respect others’ needs and time while using these resources.
  8. Personalize your space: Make your workspace comfortable and inspiring by adding personal touches. Bring in a plant, pictures, or other items that can help you feel at home.
  9. Take breaks and socialize: Don’t forget to take breaks to relax and socialize with others. It can help you recharge and build valuable connections.
  10. Participate in events and workshops: Many coworking spaces organize events, workshops, and seminars. Participate in these activities to learn new skills and expand your professional network.
  11. Be open to collaboration: Be open to collaborating with others on projects or tasks. Coworking spaces are great for finding like-minded individuals who can complement your skills.
  12. Give back to the community: If you have specific expertise or knowledge, consider sharing it with others in the coworking space. Helping others can lead to positive relationships and potential opportunities.

Remember that coworking is about fostering a supportive and creative community. By following these tips, you can enhance your coworking experience and make the most out of this collaborative work environment.