In trying economic times, businesses look to reduce costs. Sharing space with other businesses is one way to cut expenses. This arrangement also offers many side benefits. Your insurance clients may, however, be unaware of the risks they are incurring. A claim professional can educate them about the risks and methods to control those risks.
There are many incentives to share space. By sharing rent and overhead, businesses reduce costs and burdens. Some space-sharing arrangements also create professional synergy. Such is the case when a lawyer who handles real estate work shares space with a real estate broker who sells homes. Sharing space may enhance a business's reputation; for example, when a just-starting tailor shares space with a well-established dry cleaner.
Other benefits include the increased camaraderie and companionship possible with more colleagues. Sharing space with another business makes it easier to find someone to cover the business during family emergencies or scheduled vacations. Finally, the option of offering more services to customers appeals to many small business owners.
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