Coworking phenomenon is not something new. In fact, the idea started years back but it is not that more and more startups are looking into it. Once coworking was limited to freelancers but now the trends are changing. According to the latest reports, demand for coworking spaces is increasing 10 to 15% annually. Of course, the reason behind the increasing demand for this new way of working is the list of benefits that it offers. Whether you are an entrepreneur or an individual with new ideas, coworking spaces can offer you great advantages over traditional business settings.
Here I have got some of the great benefits of coworking spaces for startups. If you are still not sure if you should opt for this innovative work setting, learning about the advantages of these settings will provide you with enough reasons to make up your mind.
Coworking spaces offer ease
With coworking spaces you can enjoy a lot of ease. They offer an excellent alternative to the day-to-day trouble of managing an office so startups can surely take advantage of this effortlessness. The time that you spend on managing a traditional office setting could very well be spent on boosting your business. Coworking spaces can help you manage all day to day operations such as electricity bills, management of the facility and more. This way you get added time for other more important tasks instead of being stuck up in the operational jobs 24/7.
Coworking spaces offer Flexibility
One of the major benefits of coworking spaces is that they provide lots of flexibility. As startups generally struggle with finding a work setting that can be useful for their team, these spaces can be a great choice. They offer the much needed flexibility that startups seek when they set out. The worst thing for a new startup can be signing up for a 2 year office lease so that is where coworking spaces can help. Opting for coworking spaces can thus prove to be a smart choice for startup owners.
You can enjoy a lot of flexibility with coworking spaces such as SOMAcentral with membership options that range from dedicated desks to private offices. For new startups they can surely be a blessing, providing them all they need while the kick start.
Coworking offers Opportunities Networking
In order to have a solid customer base it is important for startups to network and coworking space offers just the right opportunities for networking. Since these spaces are fundamentally designed to help people collaborate they can be excellent for startups looking to widen their horizons. You can pick a talk in the pantry while having coffee, or get to know more people who are interested in your business during a training program.
Another plus is that you get to participate in regular events as coworking spaces organize such events from time to time. They provide businesses with a perfect platform to build their contacts and hook more customers through various events. So they can prove to be highly beneficial for startups when they begin their operations. They can get to introduce their products or services in a convenient manner and thus ensure a thriving business.
Coworking offers Mentor-ship
Experienced professionals who have been in the industry for years can certainly guide you when you start your business. Coworking spaces also offer a great opportunity to come across such professionals who can guide you acting as your mentor. Connecting with people with wide experience in your industry can be highly useful as they can guide you to success through their practice in real life setting. You can be a part of the mentorship programmes that are offered by a number of coworking spaces as well and participate in workshops to acquire relevant knowledge and insight into the industry and learn best business practices as well.
Coworking provide options for sourcing talent
When you start your business of course you need to build a team. Working in a coworking environment can be of great help in this regard as these settings help you connect with various freelancers. Many freelancers are a part of these spaces so you can easily hunt the most suitable talent for your startup. Whether you need a content writer, a trainer, a designer or a marketing professional, coworking spaces will surely help you find one without much effort.
The Final Word
Coworking spaces certainly offer a variety of benefits that makes them a great option for startups today. So if you are ready to set out do consider coworking spaces; they will give wings to your business and rescue you from the unavoidable troubles associated with traditional workplace settings.
Image Credits: Coworking from BySFIO CRACHO/Shutterstock