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Utah has a high number of small businesses, with approximately 283,000 small businesses in the state as of 2020, representing 99.9% of all businesses in the state. There are a number of factors that may contribute to this high number of small businesses in Utah, including:

  • Strong economy: Utah has a strong and growing economy, with low unemployment rates and a diverse range of industries. This can create a favorable environment for small businesses, with plenty of opportunities for growth and success.
  • Favorable business climate: Utah has a business-friendly environment, with relatively low taxes and a streamlined regulatory process. This can make it easier to start and operate a small business in the state.
  • Skilled workforce: Utah has a highly educated workforce, with a number of top-ranked universities and technical schools in the state. This can be beneficial for small businesses that need access to skilled employees.
  • Supportive community: Utah has a strong sense of community, with many organizations and resources available to support small businesses. For example, the state has a number of business incubators and accelerators, as well as organizations like the Utah Small Business Development Center and SCORE, which offer business development resources and support.
  • Quality of life: In addition to its strong business environment, Utah also offers a high quality of life, with a variety of outdoor recreational opportunities, a thriving arts and culture scene, and a diverse population. This can make it an attractive place for entrepreneurs to live and work.

If you are considering starting a small business in Utah, it may be helpful to research the local market, reach out to local business resources, and speak with other small business owners in the area to get a better understanding of the opportunities and challenges that exist in the state. Work Hive is a great place to network! Work Hive is a flexible coworking space featuring a range of solutions to suit your need: we have private offices, solo work stations, conference rooms for group work, a kitchen area, and all the space, technology and amenities you need to get your team off the ground. We have locations in Downtown Salt Lake City, and Sugar House.

Published in Coworking Blog

Staying productive can be a challenge, especially when there are so many distractions and tasks vying for our attention. But by implementing some simple strategies and techniques, you can boost your productivity and get more done in less time.

First, start by setting specific and achievable goals for yourself. This will give you a clear idea of what you need to accomplish and will help you stay focused on the tasks at hand. Be sure to break your goals down into smaller, more manageable tasks, and prioritize them based on importance and urgency. This will help you avoid getting overwhelmed and will ensure that you are making progress on the most important tasks first.

Next, create a schedule and stick to it. This will help you stay on track and avoid getting sidetracked by less important tasks. Be sure to schedule regular breaks into your day, as taking breaks can actually improve your productivity. This will give your mind and body a chance to rest and recharge, allowing you to come back to your tasks with renewed focus and energy.

Another important aspect of staying productive is minimizing distractions. This can be challenging in today's world, where we are constantly bombarded with notifications and alerts from our phones, laptops, and other devices. To combat this, try setting aside specific times during the day to check your email and social media, and turn off notifications for the rest of the day. You can also use apps and tools like Freedom and Cold Turkey to block distracting websites and apps during specific times of the day.

In addition to minimizing distractions, it's also important to optimize your environment for productivity. This means creating a workspace that is free of clutter and distractions, and that is conducive to focus and concentration. Consider investing in a good quality chair and desk, as well as other ergonomic accessories like a mouse and keyboard. You may also want to consider using noise-cancelling headphones to block out background noise, and using a white noise machine to create a soothing work environment. A coworking space can also help you be productive and focused by giving you a space for concentration during your day, separate from your home.

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Finally, don't be afraid to ask for help when you need it. This could mean delegating tasks to others, or simply reaching out to a colleague or friend for support and guidance. By asking for help, you can free up your time and energy to focus on the tasks that are most important to you, ultimately boosting your productivity and allowing you to achieve your goals.

In conclusion, staying productive requires a combination of setting specific and achievable goals, creating a schedule and sticking to it, minimizing distractions, optimizing your environment, and asking for help when you need it. By implementing these strategies and techniques, you can boost your productivity and get more done in less time.

Published in Coworking Blog

With many benefits to using a coworking space, the #1 benefit may be how it benefits your business's bottom line. In an article on CoworkingResources.com, the author lists four economic benefits of coworking spaces.

Coworking Supports Creatives

Coworking spaces provide a place for small businesses to thrive. The coworking spaces are cheaper than renting a private office to the companies in their beginning stages. Those small businesses bolster creative spirit in local communities and increase employment opportunities, which in the end puts money back into their communities / local economy.

Eliminated Financial Obstacles

As mentioned above, coworking spaces tend to be less expensive than traditional private offices. Small businesses, or people who want to start a business, are often discouraged by the overwhelming overhead costs. Coworking provides the flexibility, in packages and amenities, that these businesses need to flourish.

Retains Local Talent

Coworking spaces keep the innovative, entrepreneurial talent in the community. Rather than heading towards a bigger city, the talent can stay in their place of origin or desire. 

“Without coworking offices, many of these daring creatives who possess the wherewithal to start their own ventures would have to relocate to bigger cities where their skills and passions would be diluted by a larger population.”

These innovative and entrepreneurial people and businesses can stay in their local communities to pursue their passion. 

Employs Small Businesses

Coworking spaces often hire local restaurants and coffee shops to supply their spaces with all the coffee and food it needs. Some coworking spaces have even been able to exchange coffee for interior design or legal services to the coffee shops, by involving the people working in the space. 

 “Coworking spaces attract the kind of trustworthy, selfless person that can help collaborative consumption succeed. In a coworking environment, the sharing takes place on a more personal level than in any other kind of work environment, which helps the people in this environment see that there are countless more opportunities available to them when resources are shared. By fostering connection and collaboration, coworking spaces help people gain new skills, save money, and see the world in a brighter light, one that attaches importance to everyone’s contributions.”

Published in Coworking Blog