Wow, it’s amazing that a whole month has already flown by. It feels like only last week I was getting settled in to experience the executive suites at 500 N. Michigan Ave. During my time here, I have had the privilege of meeting several independent professionals who have embraced the value of working in a shared environment – networking with other professionals and experiencing the empowered feeling of having an established office, without having to deal with all of the hassles of a conventional office.
Since a month has passed, I wanted to write a summary of my experiences. I have decided to evaluate the experience through a table of pros and cons of officing in an executive suite. Note that these are my observations – I encourage professionals in the executive suite industry to provide additional insight or response to my observations.
|All telecommunications needs accounted for; no need to manage multiple service providers||Space can get pricier than conventional offices when a business reaches 4+ people|
|Space is furnished to your specifications||Locked into building standard finishes|
|Always room to effortlessly schedule large meetings or impromptu gatherings||The space is not yours to do with as you please|
|Turnkey VoIP and internet service available, so you’ve essentially got a dedicated IT department rolled into your rate||You don’t get to choose who else occupies the other offices|
|Easy to move in and get started|
|Receptionist and answering services lend a professional quality to your office without substantial fees or management hassles|
To be honest, it was hard for me to come up with a lot of cons, when considering a small business. Although office suites are not ideal for large teams or businesses, small businesses of 1-4 employees can get a professional image, quality space, and productive environment at an affordable rate without the hassles that come with conventional space.