Do you see yourself working in a co-working space in the near future? Going by the way the working trends in the metro cities have taken the turn, it seems a co-working space could be a favourable option for you and your team. They are brimming with creative, cool millennials on top of the endless amenities like cabins, meeting rooms, conference centres, lounging area, playroom, and are pet-friendly too. Primarily aiming the startup culture and facilitating the work of freelancers and digital nomads – a co-working space is here to stay and will boom in the coming times.
The collaborative setting of co-working spaces is ideal for entrepreneurs and therefore a lot of startups eye this space to set their base and grow. As opposed to a traditional office setting which is occupied by employees from a single organization, the community culture in the co-working spaces fosters great networking and raises the quality of working hours. For the startups who aren’t able to figure out their funding issues, a coworking space works miraculously well. It gives a professional space for all investor meetings or other client meetings. But guess what, co-working space can actually aid in solving all these possible problems with ease while not hurting the pocket. With the flexibility of having space along with all the necessary amenities and the very fact that it can be scalable at any point in time gives the necessary points that any entrepreneur would consider while making a decision.
Depending on your finances and family situation, working from home can be advantageous, but it can also leave you isolated and/or subject to distractions that can impact your productivity. If working from home is not suitable but you don’t need or can’t afford traditional private office space perhaps it is time to investigate the benefits of coworking.
While several budding startups and entrepreneurs flying-solo believe in working from home to cut down on costs and to their advantage, but it can also leave you isolated and your schedule distracted – which ultimately harms your productivity. Therefore if working from home is not suitable for you and a furnished office seem like a higher upkeep, then here are few reasons you should take a look at to sit on co-working spaces.
If looking to explore the option of co-working space, here are some reasons which we consider apt for selecting them:
Offers flexibility in terms of ambience and work environment– Office space needs to provide an ambience that fosters an entrepreneur’s creative and entrepreneurial skills. And hence, a co-working space with the environment of free culture is what seems to be apt. With furniture like a bean bag and headphones for music, one can easily relax while scouting brilliant ideas. Such ambience is possible only in a co-working space. It offers the flexibility of a free breezing work environment.
Assists in managing costs – The flexibility of a co-working space in terms of costings is really astonishing. For a startup that is bootstrapped, finding dedicated desks for its team is the right solution than renting an entire floor which will take time to fill up. Co-working spaces offer flexible memberships to its members which means you can expand your team as and when you need it. A 2 member team can even hot desk until they find a scalable point.
Some coworking providers offer benefits such as 24-hour access, conference rooms, on-site receptionist and/or admin services such as mail delivery, secure lockers, area for organizing workshops and educational events, speciality snacks, etc.
Scalable at any point– The one thing about start-ups is that their beginnings are quite small, but as the business expands, the requirement of physical space also increases. A traditional workspace cannot be expanded without having to invest huge chunks of money. With co-working space, there is a benefit of scaling the space as per requirement as and when required.
Aids in professional meetings– Meetings play a vital role in start-ups especially investor meetings. Such meetings require a professional area which co-working space can easily provide. It aids in having a focused meeting without any distractions.
Collaboration to create communities- Collaboration is a key component for promoting business especially for start-ups, which becomes easier with co-working space. They offer to mingle with different kinds of people and interacting with a unique mindset promotes collaboration, and a community can be created for exchanging ideas.
Boosts creativity- A liberal and unrestricted working culture foster creativity and that is what co-working vouches 
for. It helps to create an environment that promotes out-of-the-box thinking and unleashing the creative side of oneself without having to worry about being judged.
Surrounds with positive energy – Psychological effects are also very important, and a lot of difference can be felt when one is surrounded by synergies that have a positive vibration. When working in a co-working space, everybody understands the struggles one is facing, and hence, is supportive of each other. The empathy is what paves the path for a positive workflow.
After measuring all the aspects you need to ask yourself whether co-working is right for you? For startups that have matured and climbing the success ladder they would definitely want more privacy and security and thus go for renting their own office space, but for solo entrepreneurs and other smaller enterprises, the lower costs and flexible nature of working make it a very attractive option.
