For an entrepreneur looking to start their own company, working from home has always been a possibility, but now increasing numbers are seeing the advantages of moving operations to a coworking space.
Here are five reasons why startup founders flourish in co-working spaces.
1. Motivating
When someone is working from their home or garage, they need to be very disciplined and self-motivated. Choosing a coworking environment can offer the advantages of having a daily routine similar to when working in an office while offering much of the flexibility of working from home. In this respect, a coworking space can offer the best of both worlds.
The simple fact of being surrounded by other successful, motivated, and driven people every day cannot be overlooked either, and many people find that working in this kind of situation increases their productivity greatly.
2. Affordability & Flexible
Renting a coworking space is much cheaper than renting traditional office space and often includes a whole lot of extras such as internet services and access to conference rooms. More banal additions like office furniture that can quickly add up are also taken care of.
Unlike with a traditional office, co-working spaces can usually be rented by the month, week, or even day, meaning entrepreneurs are not tied into a long contract, allowing much greater flexibility to change quickly according to the needs of a developing business.
3. Networking
Many coworking spaces offer areas to take time out during the working day, and many people benefit from downtime around the Keurig machine meeting new people and forming new working relationships.
Some of the greatest benefits for startup founders who choose to move to co-working spaces come from intangibles, and one of the most important of these is the opportunity to network with other like-minded and driven individuals.
4. Access To Talent Pool
However, for those working from home, there is no developed hiring infrastructure and it may be difficult and time-consuming to find the right people.
Working from a coworking space may offer an instant solution to this problem. Coworking spaces are usually inhabited by a diverse range of freelancers, and the right person for the job might be the freelancer sitting at the next desk.
5. Potential Clients
The most accessible clients are those working in the same space. In this way, coworking can provide an easily accessible client base; an added benefit is that it is much easier to seek feedback, allowing the business to adapt to the clients’ needs much faster than would otherwise be possible.
Sure, while co-working spaces may have their drawbacks (for example a lack of privacy and the inability to customize the space to your exact requirements) the benefits far outweigh the inconveniences.
For an entrepreneur looking to start their own company, working from home has always been a possibility, but now increasing numbers are seeing the advantages of moving operations to a coworking space.
