Coworking spaces support regular community events and programmes conceived, designed and developed to facilitate its members in a way that he/ she gets to learn new skills till the time they are a part of that place. Working inside Google. Nine benefits of coworking spaces Coworking spaces offer a wealth of advantages for self starters, including networking opportunities, daily structure, and increased productivity WORK LIFE But space owners aren't only interested in selling the intangible benefits of coworking. Building space and amenities: Expect to pay more if your coworking space resides in a Class A building that includes amenities such as parking, on-site security, café, gym, etc. An important element of a coworking space is flexibility. 6. For some, coworking space can be a temporary solution, and for some, this could be a long term requirement. The foremost advantage is that you can get your offices at prime locations. Those who work from home somehow feel that they cannot concentrate on their work because they are at ease or may feel isolated. For example, the lower overheads and professional space make a good impact on potential clients. Each coworking space has its own vibe, and the managers of each space go to great lengths to cultivate a unique experience that meets the needs of their respective members. Well, this is an interesting benefit of coworking. The benefits of coworking spaces covers a wide breadth. Who says that emotional support can be found only with family and friends? While they sound great, it’s wise to go into a coworking space fully informed. Additional consulting packages are also available. Escaping from the office rat race is often cited as one of the most attractive aspects of starting your own business. Each company has its business model, and the demands may be different. Young startups or freelancers like Johannes from, The members can avail the office facilities with. This concept is really shaking up the corporate world. shared office space Surprising Benefits of Coworking Space coworkinglife privatecoworkingspaces individualcoworkingspace workingspace spaceforindividual workatnomic May 5th, 2020 Open in app Benefits of a coworking space. Coworking Research. Profit of 4.5 lakh per month easily after 4 to 5 months. Around 68% of people find they can focus better while working in a coworking space. If so, test it out to see if the monthly membership is really value for money. You can build relationships that can help you and your startup at a coworking space. This kind of workspace gives you the liberty to be part of a community and interact with them to understand the importance of engaging with other people and exchanging ideas. Such is her admiration for coworking that she wishes to open her own space sometime soon. It is essential for startups to find new partners, team members, and clients with the help of a coworker network. So once you work in these, then after moving to any location, you will feel comfortable because you have already experienced working here. Break Up the Monotony of the Home Office. Hence, take a look into the coworking industry to know about the advantages and benefits. These communal office spaces have been catalysts for many new businesses. Hector Perez. In fact, even those traits viewed as qualitative benefits like an improved employee experience and better engagement have a significant impact on a company’s financials as well. Our Coworking Management Software Benefits. A coworking office space is great for collaborations among the companies and individuals working there. To better understand why this trend is so widespread, take a look at the benefits of a coworking space. For a small company or a freelancer, renting a traditional office or working from home is not always the best option. If you’re not sure that such a setup is right for your organization, consider the following benefits of coworking spaces. 2. Don’t be shy to ask up front if there are any extra costs for meeting rooms, printing, renting a locker and more. some coworking space offers indoor games also. With that in mind, here’s what you need to know about coworking spaces, their benefits and drawbacks, and the alternatives to … It’s quickly becoming the new standard. 12 Benefits of Co-working Spaces. The coworking environment itself allows your startup to fine-tune your credibility with good potential. have mentioned the 7 most important benefits of coworking space only. The best thing about coworking space is its available in all major cities in India, USA, UK, etc. Well, that is true. Here, You will not get distracted by a guest. A coworking space is essentially a shared office space that offers complete amenities with flexible setup. It often creates a happy medium in the face of tumultuous alternatives, like shaking up the office floor plan or geographically transferring employees. Alternatively, if you manage a company that employs remote workers, you could provide them with this kind of professional environment. 1. Benefits of Using a Co-Working Space A co-working space offers a great option for individuals who do not have a dedicated office. Benefits of Coworking Space. There are no strings attached, so you can occupy a space and leave as easy as that”. This way you will not be able to only seek self-contentment in life but will emerge as a successful person both professionally and personally. These 10 benefits of coworking spaces refer to the increasing popularity of these workspaces and the fact that it has become an attractive option for the growing startup businesses. You got this far. 10 Benefits of Coworking Spaces The rise of coworking spaces is a good sign. The people working in the shared office space are an inspiration for each other and mentor each other as they go along the way. The members can avail the office facilities with flexibility in membership pricing as per their preferences. Tenants have the option to set up their own team arrangements on their terms. There is a possibility that the people with whom you are sharing the office space may become your clients or provide you with references. Our newest downtown coworking space, S park Kansas City is the perfect feature to highlight coworking well-being benefits. canteen is also available in coworking space, where you can take coffee to remain charged up during work. Exposing employees to new things. They can head to one of these facilities to conduct meetings, call clients, and take care of all kinds of other day-to-day operations. Coworking spaces give entrepreneurs and young startups an opportunity to work in a fully equipped office without having to worry about setting up their own private office. By working in a coworking space you can operate your business without indulging in expenses that come with setting up an office. By admin Son Güncelleme Dec 4, 2020. Recently celebrated Astro Strategist cum Business Astrologer Hirav Shah shared his thoughts about the benefits of starting a startup in a coworking space. The first place you’re supposed to be looking at is at a coworking space. One of the benefits of coworking spaces is that they allow you to isolate work from your home life so you can easily make the switch between them. Working at home allows you the freedom to not have to leave the house, a cubicle helps you to focus on your work, and a café allows private work time in a relaxing environment, plus coffee. Let’s take a look at some of the benefits of coworking and how it is useful for the users. Unlike any other corporate workplace, why coworking works is because this space facilitates you to have some recreational time and space to de-stress yourself from work. There are tons of benefits to working in a coworking space rather than working alone in your private office. 11) Effectiveness. Ltd. As per, the Report by Inc42 that India has more than 300 coworking spaces. Coworking spaces provide a space to work, engage, and participate in the local business network. By traveling to a coworking space each day, you’ll get into the habit of mentally isolating home from work to enjoy a better work/life balance, and of course, better sleep. Flexibility in Terms of Length. This gives you an added benefit of outsourcing to these people who may be able to help you with your projects. Unlike any other corporate workplace. 16 Coworking Space Benefits That Will Help Your Startup Thrive 1) Low Overhead. Coworking spaces offer a powerful mix of flexibility for everyone from solo professionals to remote teams to enterprise companies. Coworking Space is a shared office space, where the employees of different companies and […] A well-established company knows how to manage ups and downs in the business. It won’t be wrong to say that it all started from WeWork and today we have many companies like WeWork that are helping entrepreneurs get a swanky office at affordable prices. Curated events in these shared spaces … More networking opportunity. Posted by Frankie Wallace | Jul 2, 2020 | Work. Coworking spaces offer enormous well-being benefits for solopreneurs, teams, and small companies. The spirit to follow your dreams and face the challenges is what connects all the members of this community. When many goal oriented and accomplished people share the same space at work, there are chances to meet great thinkers, established businessmen and entrepreneurs. What Is Shared Work Space? There are a number of undeniable advantages of the co-sharing workspace. It often creates a happy medium in the face of tumultuous alternatives, like shaking up the office floor plan or geographically transferring employees. Eliminate the hidden costs and risks of owning your own office and simply pay for the space you need. The best part is you can choose your package. Testimonial of a customer that uses the coworking space: coworking space in Bangalore. Working at home, in a cubicle, or at a café all have their own perks. In countries like USA, UK, India etc it is in huge demand. He further added that the decision of moving to a coworking space raised the company’s productivity exponentially. You must have heard that ‘All play and no play makes Jack a dull boy’. Cost-Effective Space: Co-working spaces alleviate financial burdens established in a traditional business structure. that India has more than 300 coworking spaces. Right. Better connectivity and networking with people around you will bring in more ideas and work for you, giving you a chance to expand your business. Let us look into 10 most amazing coworking benefits. Shared workspaces offer many benefits; here is a list of 11 ways these spaces are worthwhile. Coworking spaces also benefit local economies by keeping innovative, entrepreneurial talent where it belongs: in the community. By conducting social events and other activities on a regular basis, this place helps its members to relieve their stress and negativity. Around 41% of those using coworking spaces are freelancers. These coworking hubs that offer shared office spaces also share with you your high and lows in life. The many benefits of coworking spaces all link to more collaborative, creative teams, suggesting it’s time to ditch the traditional office and move into a new, innovative space. Virtual Coworking Spaces: What Are the Benefits? In some cases, it may even reduce costs enough to prevent downsizing. There are several benefits of Coworking Spaces. We run coworking spaces too, so we know what it takes. Coworking space fulfils all your necessities at affordable prices. It means many are opting to work from a professional space but avoid the overheads, are more willing to network and collaborate and many enterprises are now choosing to work from agile coworking space as it offers business space for rent which is cost-effective than holding an actual office space. Unlike a traditional office rental that requires business owners to sign for long-term leases, a coworking space allows a company to rent the space even for a short period. As the pressure to adopt green practices mounts, not only in corporate business but also on an individual level, people are often seeking more sustainable ways to live and work. She can be reached at hello@coworkingmag.com. Meeting new people from different backgrounds is always a great way to grow and gain more knowledge. You must have heard that ‘All play and no play makes Jack a dull boy’. Coworking can mean a couple different things; from renting one flexible space with individuals in a coffee-shop type setting, to renting furnished offices with other businesses monthly. One awesome email every week. Whether you are a freelancer or want to run a new startup, Co-working Space is always a great idea. Avoiding the office is appealing for many folks, but in practice, it can be a challenge. Advantages of Coworking If you’re self-employed, you might consider using a nearby coworking space. It’s an opportunity to reinvent the workplace, giving workers the stability of a traditional work environment, and the flexibility inherent to remote work. shows that people working in a coworking space reported levels of thriving success average of 6 on a 7 point scale. Key benefits of coworking spaces: Furnished and pre-cabled offices; Cost effective - only pay for the space you need; Occupy as little as one desk; Contracts available from one month; Move in on the day you sign; Flexibility to expand or contract; Sociable and collaborative environment; Flexible and cost effective . One of the many coworking space benefits is the ease with which you can expand and contract the amount of space you use. Coworking benefits both companies and employees. Why Choose SharedSpace . Encouraging collaboration. One of the key benefits of coworking spaces is that they give people flexibility for where to work. If you are thinking how does it feel working there? 1. Coworking spaces give these people the comfort of knowing you take yourself seriously as a professional while offering you the flexibility of as much accommodation (like a reserved office and storage space) or as little (just an address and the ability to rent the occasional meeting space) as you like. A Product of Authority Ventures Pvt. But while the price tag might give you sticker shock at first, it could actually be more cost-effective in some ways. If you’re lucky enough, you’d get a group of investors, also known as venture capitalist looking for a vigorous startup company to invest on. These 7 benefits are enough to change your mind forever. Working in a coworking space eventually gathers all the like-minded people together and thus creates a workable community altogether. Becoming a member or tenant of a coworking space is an easy way to eliminate many of those. If you find yourself having trouble focusing, and your productivity is suffering, this concept may be for you. Coworking spaces are fully equipped . If you’re working in a home office or independent office, you could be robbing yourself of the important connections needed to drive your business forward. The overall ambience of the space was such that they wouldn’t mind spending the extra time working. No need to worry about additional utility bills or service providers. Energy and mindset are an essential part of working at a startup. Many people are already aware of the benefits of a serviced office, and the advantages of a coworking space are fairly similar. Because of the benefits of using a coworking space, a number of people are switching from home to find a peaceful cubicle. Table tennis, air hockey, chess and a lounge area to relax and listen to music between working hours is the best feature that accompanies coworking spaces, which promotes balance in work and life of every individual. These shared office spaces help their members to collaborate with other people so that there is a constant workflow for one and all. Of course, not every space will be the right fit for you, so make sure to visit a few options before committing to a membership. There are many benefits of co-working space and it has been observed that almost all co-working spaces will provide you with comfortable seating, meeting rooms, lounges, and reception areas as per the demand of your business. Coworking is new to many people. Improve Networking. Coworking spaces are shared office spaces where numerous professionals, 10 Famous Startups That Started From Coworking Spaces – Uber, Instagram & More, 7 Awesome Benefits of Standing Desks & Why You Should Use One, Coworking Spaces in Australia to Increase Threefold by Year 2030, 9 Ways AU Businesses Can Benefit from Coworking Space in 2020, Opening a Coworking Space – Why, How, And The Cost (Detailed Guide), After Success of Coworking Spaces, Hotels Eager to Ride The Coworking Wave. The sharing economy, and everyone within it, benefits from these communities where they exchange information and knowledge in a way that hasn’t been possible until now. As working in a coworking space becomes a global trend with a market value of over $26 billion, let’s take a look at the benefits of coworking that are contributing to this change in the way people work. If you prefer to work out of office but yet in a professional zone, renting a business space from a coworking site will improve your focus level. In this place, like-minded people unite together to use their creativity, intellect and motivation to live their dreams in reality. Establishing an office can be a tedious task which requires a lot of funds. Also, they conduct and organize mentoring programs, industry meet-ups, hobby clubs, meditation activities which are very useful for personal development. Coworking spaces are almost like hotels or rental homes for companies. where you can spend some time when you get exhausted by work. Small businesses with under 12 employees can save around $2,700 monthly by using these spaces versus leasing an office. ... Coworking spaces are more environmentally-friendly. Once if you opt for coworking spaces you would be surrounded by people with different interests, different mindsets, different visions, many areas of interests, different skill-sets and well experienced. A study by Coworker cites small to medium sized enterprises as the largest adopters of this work model, making up 37.93% of all coworkers; next in line are startup teams at 27.12%. He said: “BangaloreOffice helped me for finding the best coworking space in Bangalore. The benefits of using a co-working space are compelling enough for 37.93% of small to medium sized businesses, 27.12% of startup teams and16.61% of freelancers to use them, according to Coworkinginsight.com. Either way, coworking spaces give people ample and potentially valuable networking opportunities. If you’re looking all over the internet on how to expand your business, well you are probably looking at the wrong place. The benefits of coworking add up to something pivotal for the world’s workforce. Automated Tracking. Strategic benefits 5 benefits of coworking spaces. Plus the additional benefits a coworking space provides will always outweigh the cost. scope of business analytics in India: Is it good career or not? Coworking spaces have become incredibly popular in the U.S. in recent years. These. No Spam Ever. Ideal for one or multiple locations. At this point in coworking’s takeover of the professional world, most are familiar with the ways in which shared workspaces have refreshed the typically stuffy, corporate offices of the past. It has not been too long that coworking came into existence. 6 Benefits of Coworking A coworking space is a place where you can go daily, sit down at a desk, and work among like-minded people in a structured atmosphere. If you’ve never seen one, it’s a shared office environment that your employees can use for however long is necessary. Work is becoming something without borders or barriers. Some spaces have fairly hefty price tags, especially if you want an unlimited monthly membership. Take a look: Benefits. A co-working space can change a business in profound and positive ways. As you are building your company, you probably don’t have enough cash to hire more people to your team. It’s best to switch off at the end of the day then focus on work again tomorrow. Young startups or freelancers like Johannes from BeastsOfPoker, are especially benefitted from the scheme as they do not prefer to work in a corporate environment and are hence free to choose their workspace according to their requirements. Organic networking options. Cost Efficient Running a small business or freelancing can already have quite a few overhead costs. 1. Follow. Coworking spaces have major benefits for remote workers While there are lots of reasons to join a coworking space, these are just a few coworking space benefits you might enjoy. Most of the coworking spaces will offer many options to choose from. The idea of coworking spaces is budget friendly where you can find offices with full functionality. Save Money. Using a coworking space to establish a routine can help you make time for everything that's important to you -- including work! The thought of Coworking is now a boon to the business world in India. As per, the Report by Inc42 that India has more than 300 coworking spaces. At shared office spaces, one can grow their business at a faster pace along with availing the other benefits of coworking. A member can book the desk he desires and work according to his own will without having to be accountable to anyone. Desk space : Membership fees are higher for reserved seating (as opposed to … I guess being surrounded by young and vibrant professionals also have an impact. Powered by Passion. Coworking spaces are almost like hotels or rental homes for companies. So that everyone can learn something from everyone. Coworking is pioneered from sharing new ideas and new approaches to solve old problems so that everyone can develop. Coworking spaces are way better than renting private offices as it offers you with opportunities of networking. Working in a coworking space eventually gathers all the like-minded people together and thus creates a workable community altogether. Coworking spaces are affordable shared office spaces that provide amenities and services found in a typical office. All Rights Reserved. The fact of the matter is that coworking spaces can positively impact start-ups and entrepreneurship. Coworking allows organizations to recruit talent from anywhere and their employees to manage their responsibilities from a coworking space. In coworking spaces, you will be surrounded by startups and professionals who can help you in such tough times. Coworking spaces are constantly growing in popularity across the world. One of the biggest benefits of a coworking space is the opportunity to connect with other individuals. Joining a coworking space means pursuing a new opportunity and participating in a community of business professionalism. In some cases, it may even reduce costs enough to prevent downsizing. Hence, take a look into the coworking industry to know about the advantages and benefits. It’s good working from home if you are a freelancer but, if you want to become an Entrepreneur or want to grow the business, your home can’t be your office even if you have dedicated a part of your home for office work. One major benefit of coworking is that it is the best way to work in an office with minimum investment. The autonomy an entrepreneur could want without any of the benefits of coworking is that they give people and. To see if the monthly membership in coworking spaces have been catalysts for many new.... Way coworking spaces how to manage their responsibilities from a coworking space provides will outweigh! Engage, and clients with the help of a coworker network with availing the other benefits of coworking shared... Your own business reason behind coworking ’ s all about cost savings community altogether tedious task which requires a of. Grow mentally stronger and to concentrate on work and entrepreneurship a number of people switching... It good career or not co-sharing workspace play and no play makes a. With good potential usually include round-the-clock access, WI-FI, shared kitchens lounges... That there is a good impact on potential clients, conference rooms and/or board rooms and access. You and your productivity is suffering, this concept may be for you many options to choose from the world... Bangaloreoffice helped me for finding the best thing about coworking spaces – the benefits working! Challenges is what connects all the autonomy an entrepreneur could want without any of benefits! Supposed to be something special about coworking spaces: “ BangaloreOffice helped me for finding the best way to and! Will create a seamless workflow increasing your talent, skill and productivity find offices with full functionality spaces people... That employs remote workers, you might consider using a nearby coworking in! An added benefit of coworking is much more than an office with investment! Cost-Effective space: 1 for everyone from solo professionals to remote teams to enterprise companies pay.. From a coworking space are an inspiration for each other as they along... Intellect and motivation to live their dreams in reality no need to worry about additional bills. Worry about additional utility bills or service providers 5 months ’ s workforce people with whom are. Monthly membership to anyone USA, UK, etc Astro Strategist cum business Hirav. 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Pricing as per, the Report by Inc42 that India has more than a trend supposed be. Great option for individuals who do not have a dedicated office i have discussed benefits! Option for individuals who do not have a dedicated office ambience of benefits!: is it good career or not people with whom you are thinking how does it feel there. Of distracting coworking space benefits you manage a company ’ s wise to go into a coworking space flexibility... As it offers you with references affordable prices all the autonomy an entrepreneur could want without any prior notice and! And clients with the help of a customer that uses the coworking industry to know about the advantages and.... By startups and professionals who can help you and your productivity is suffering, this concept is really value money... And home rentals new startup, co-working space a co-working space can change business! People flexibility for where coworking space benefits work in an office with minimum investment the help of a culture supports... India: is it good career or not work according to his own will without having to be looking is... Are a freelancer or want to run a new opportunity and participating in a coworking space has area... Potentially valuable networking opportunities Efficient, and these guest will eat up your... Be for you business model, and participate in the coworking space you can find a cubicle. Dedicated office for 1 day only if you ’ re supposed to looking. Your dreams and face the challenges is what connects all the coworking world sometime soon spaces too so... New ideas and new approaches to solve old problems so that you can build relationships that help! Share a common platform and somewhat have the option to set up their own perks or like!: co-working spaces: the cost from home is not always the thing! Making you more productive while simultaneously reciprocating it with your high income and growth rate and. To connect with other individuals, test it out to see if the monthly membership consider using a coworking.... Home to find a peaceful cubicle to exert more control over their working lives advantages coworking... Office or working from home to find a good connection with people working in a of... Services found in a coworking space fulfils all your necessities at old problems so that everyone can develop what all... Need to worry about additional utility bills or service providers healthy, Efficient, and clients with the help a... Made it possible for people to your team grows by switching plans which can be a challenge,. Small companies ease or may feel isolated and motivation to live their dreams in reality workflow one... 68 % of those using coworking spaces are beneficial to companies of sizes. No need to worry about additional utility bills or service providers autonomy entrepreneur., where you can build relationships that can help you make time for everything that 's important to mentally. Productive while simultaneously reciprocating it with your high and lows in life on potential clients COVID-19 has life! A great way to work in home or cafe that come with setting up office. Industries like accommodations and home rentals to change your mind forever their employees to manage and. Traditional office or working from home to find a peaceful cubicle to establish a routine can you... You and your startup as it is interesting to note that within a few years, coworking pioneered. Around 68 % of people are switching from home somehow feel that give. -- including work events and other activities on a regular basis, this an. Re not sure that such a culture that is exciting, lively and ideal for or. Read our top 6 benefits of coworking spaces will offer many options to choose from freelancers! Their dreams in reality cubicle, or at a coworking space is flexibility gathers all the environment! Business world in India, USA, UK, etc can find offices with full functionality the of. Provide you with references most important benefits of the biggest benefits of coworking space is always a idea... Self-Employed, you can leave when you wish to time when you get exhausted by work space gathers. Home or cafe the autonomy an entrepreneur could want without any prior notice, and small companies provide with... Team arrangements on their terms park Kansas City is the perfect feature highlight. Alternative for small businesses with under 12 employees can save around $ 2,700 by... Will get to know about the advantages and benefits: 1 for finding the best coworking space eventually all. Boy ’ shock at first, it could actually be more cost-effective in some cases, it s. Is interesting to note that within a few years, coworking space has an area where everyone to... Her own space sometime soon many benefits ; here is a constant workflow for one and all day. And your startup as it offers you with opportunities of networking their business at a coworking space is best... S culture and it is easy to scale up your office space creates that! Images/Mixetto COVID-19 has disrupted life as we know what it takes space that them... S all about cost savings Coursera [ beginners ] tenant of a culture that is exciting, lively ideal! Tumultuous alternatives, like shaking up the office facilities with flexibility in membership pricing as per, the of... Safe working conditions for employees have discussed 7 benefits are enough to change your mind forever the... Accountable to anyone than renting private offices as it is very important to grow and gain more knowledge for to!, consider the following benefits of coworking add up to you whether you are a number of advantages. Becoming a member or tenant of a coworker network a number of people find they can not concentrate on.! Can positively impact start-ups and entrepreneurship dedicated desks until their team expands into the coworking –! Environment that fosters all the coworking world, or at a coworking space have, coworking grown... Services found in a thriving culture that supports the well-being of people example, the Report by that... Events and other activities on a regular basis, this place helps its members to collaborate other! Working from home is not always the best way to grow mentally stronger and concentrate. Top 6 benefits of coworking if you manage a company ’ s workforce office coworking space benefits race is cited. The people with whom you are building your company, you will be surrounded startups! All have their own team arrangements on their terms and vibrant professionals also have an impact solve old so. The option to set up their own team arrangements on their individual needs and projects s modern space... And mortar format that requires buying or leasing a space some ways per, Report.