Benefits Of Co-working Spaces

Don’t want a boring traditional office setting to pursue your start-up operations? Consider a co-working space, a style that involves a shared working environment. This collaborative, connected approach of working is becoming the future of entrepreneurial networks and start-ups worldwide.  And why not, there seems to be something special, inspiring and stimulating about a communal work atmosphere.

So what does co-working exactly mean?  In simple terms, it is the practice of sharing an office with total strangers. A full office floor, modelled with modern technology is rented out to multiple businesses in an open or partly open layout. The co-working office space is designed to accommodate a growing number of freelancers, remote workers, and independent professionals, where they can come together to utilise their creative energy. There a number of unique benefits of co-working. Let’s dwell on a few important ones.

Productivity:

You are part of an expanding business network and in the proximity of compatible and like-minded people who are passionate and goal oriented. This aspect is extremely advantageous. The workspace provides great opportunities for interactions, building new relationships, sharing of ideas about business developments and even solving problems. In fact, it can increase levels of productivity.

Basic Amenities:

Shared office space comes with various amenities like high-speed free Wi-Fi, cafes, printers, fax machines, conference rooms, workstations, cabins, etc. Also, members can profit from events like weekly seminars with distinguished guest speakers, networking sessions and facilities like shared staff such as receptionists.

Affordable:

Co-working is cost effective. Since you are sharing the costs, it is cheap and reasonable as opposed to renting a corporate office. Moreover, the workspace is usually located in prime areas that small businesses may not be able to afford.

Flexibility:

The best part about co-working office space is the flexibility it offers for business growth.  It does not require a lock-in contract or a year-long lease like most commercial settings. Businesses can rent as much or as little space that is required each month. The workplace is accessible 24/7 and can be used for part-time jobs, night shifts, by freelancers, a team, for a day or even on a monthly basis.  What’s more, you can also work from home, without any consequences if there is an emergency or a personal problem.

Talent & Skill at Your Fingertips

A shared space attracts people from all spheres and is filled with a talented and skilful lot. You can benefits from their expertise if having trouble with some aspect of your business.  You can also ask co-workers to pitch in for your social media marketing, accounting, legal issues or designing.

So are you ready to ditch the cubicles of a traditional office in favour of co-working space that is warmer, smarter and easier in the pocket?  Given the multiple benefits, communal space is certainly an attractive alternative. It is a wonderful medium for start-ups and small companies that can enjoy the advantages of an office setting along with additional amenities at a fraction of the price.