Co-working is the type of work where one, two or more individuals working in a shared office but working independently. These individuals are not employees of the same organization. Many entrepreneurs work from home during the initial stage of their business, but as the business begins to grow on needs an assigned place of work. Renting out a separate office will be expensive if you are covering the rent on your own.
This is the exact moment when the coworking space concept comes in. There are many advantages, and a few have been highlighted in this article:
As an entrepreneur you need to be able to have a personal life and a work life which can be distinguished as two different aspects. You will easily get distracted by your family, visitors, food and the television and let’s not forget the chores you have to do around your home.
Different individuals from different organizations who are working in a serviced office space are said to be very efficient because of the environment that has been created by themselves. Their energy in the space is very similar which each person to be efficient in that space.
Avoiding loneliness and be inspired
When working alone in room you might feel very lonely and wish you have some company. Working in an environment with other individuals with the same mindset means that there is enough interaction and ideas being passed around among everyone. As group of people, you will all support each other in the respective fields and the environment will be work focused as well as fun and energetic.
By working with different entrepreneurs in the same space, you are basically networking within the confines of your office. You will have the opportunity to get in touch with potential suppliers, clients and future partners.
If you are home, you will opt out to working in your pyjamas. But at the work place you will be more aware of your appearance and therefore, will dress professionally because you will be representing yourself and your business.
Reduce the costs, increase flexibility
The biggest advantage is that one will be able to reduce the cost because it is a shared work space unlike when renting out a space by yourself. When it comes to co-working, you will be able to rent out a table or even a separate room based on the requirement for even a few days, weeks or months.
A few other minor advantages are that you will have the opportunity to attend events of different industries, travel and work in your own comfortable space. So, if you are thinking of purchasing or renting out an office, look at the advantages of co-working and make your final decision.