The rise of coworking spaces is a positive sign. Coworking spaces offer a wealth of advantages for self starters, including networking opportunities, daily structure, and increased productivity.
Flexibility in working
The environment of these working spaces is very flexible and there are no strict rules to follow. A member can book the desk he desires and work according to his own will without having to be accountable to anyone. It is easy to scale up your office space if your team grows by switching plans which can be done easily without any chaos.
Cost-Effective Space
Co-working spaces alleviate financial burdens established in a traditional business structure. Many businesses use a brick and mortar format that requires buying or leasing a space. Small businesses with under 12 employees can save around INR 50,000 monthly by using these spaces versus leasing an office. No complaints there! With such significance in budget cut, companies can allocate funds to other areas of business.
Networking Opportunities
Aside from the financial and structural benefits of a co-working space, there is also a social one. With multiple other companies working in an office sharing the same facilities, there are opportunities to network. Connections and collaborations have the potential to arise while working with so many startups, freelancers and entrepreneurs of various professional backgrounds. That creative seeking technical help may not have to look any farther than their co-working facility.
Increased productivity
This is especially true for small business owners working out of a home office. When we’re at home, it can be easy to get distracted. Kids need attention, the house needs to be cleaned or maintained and special projects can constantly crop up in our minds. By going to another space, you can solidify a “work mode” that can increase productivity. Many coworking spaces are accessible 24/7, so you don’t have to worry about when you need to get something done.
Access to shared and private spaces
In terms of design, coworking spaces are much more than your standard office: There are no cubicles here. Between expansive lounges, convenient hot desks, glass-walled private offices, and write-on-the-wall conference rooms, there’s plenty of space for collaboration when teams get together. Privacy and heads-down productivity is possible, too, with bookable meeting rooms and sleek private offices.
Bring structure to your day
A workday at home can pass in a blur, with minimal structure and without a commute to separate home life from work responsibilities. As a result, this schedule can have you working long past the time you should have clocked off: checking your emails from bed, or reading through project plans before your morning coffee. Coworking spaces offer structure to your day, providing a place to arrive every morning and leave once the work is done. Whenever you choose to start work each day, you’ll find that this structure helps prevent the unbidden creep of work life into personal time.
Professional Address
Coworking spaces are centrally located within a city, close enough to public transport and restaurants, and also convenient for members to work from. As a business owner, working from home or café might not send the right message to your prospective clients, thus, coworking space offers not only a professional space but also dedicated meeting rooms, cafeteria and coffee zones to help you network better.
Coworking spaces allow you to get out of your own bubble: By exposing you and your employees to new perspectives, you can build a better business. A comfortable and efficient workspace is essential to any business’s success. While there are many benefits, choosing the right coworking space can be difficult. It’s important to review our guide for how to choose the right office space for your business before weighing your options.