Coworking Space, what it is and why you should choose it?
Coworking space is an open and cost effective space where people share an office and help each other with their work, talk about their problems and bounce ideas . Co-working also brings forth many new start-ups and brings forth fresh perspectives from people of different backgrounds.
Everyone being in the same industry, having the same employers and bosses is pretty boring. Coworking also ensures that people come from all types of companies having different aspirations and different sets of tools.
Everyone can help each other but if you want a more personal space where you can just concentrate on your own work without having other people bug you, there are plans and options set for that too. So coworking office spaces are so flexible that they can be modified according to business needs.
Idea behind Co-working space
Co-working communities usually personify the flexibility and creativity necessary to succeed in today’s professional climate according to the needs of their clients. Staying connected in a distributed workforce also requires a lot of listening and expressing.
Coworking space as an arrangement, is in which several workers from different companies share an office space, allowing cost savings and convenience through the use of the same infrastructure, and equipment like utilities, and receptionist and custodial services, and in some cases refreshments and parcel acceptance services are also provided.
It is attractive to independent contractors, telecommuting and work-at-home professionals, and people who travel frequently. Additionally, coworking environment helps workers avoid the isolation they may experience, while also eliminating distractions.
Plenty of sites offer research and inspiration for coworking space without being connected to a physical space. That means they cater to both remote workers and co-working professionals.
Remote workers and coworking professionals are both heavily invested in the principles surrounding self-care but also work-life balance.
The 21st-century professionals are often responsible for building their own routines and productivity practices, and it really can be a struggle.
That is the idea of coworking space. It helps cater to people who want to make a name for themselves in the industry. They can also have a work-life balance while they do that.
You will meet a whole lot of important people in your industry. They will provide you a chance to make contacts with people that can help you in the near future.
Some companies who provide Co-working spaces are also developing their own niche places catering to certain spaces. They keep in mind the particular needs of people who want personal space and work at their own leisure.
Coworking as the next big thing
Co-working is basically everywhere now, and that’s one of the reasons it works. For many coworking professionals, traveling is essential to their jobs. It’s just great that we can share and collaborate on co-working ideas from around the world.
As more people are opting for the option of coworking, it’s demand in the coming years is set to soar through. Surges in co-working spaces are reported globally and nations like India have taken greatly to the co-working work model and more countries are following soon after .
2022 is expected to be a milestone year for this trend, as the projected number of co-working spaces is estimated to cross 20,000. With an increase of new spaces every year, the future of co-working business models is undoubtedly the next big thing.
Covid-19 and Co-working
In the wake of this COVID-19 pandemic, there were talks about the future of co-working , said to be looking bleak. Much of this sentiment comes from our understanding and the stereotypes around co-working. Some of which are ‘with neighboring businesses only a few feet away. Social distancing may and probably will present a challenge’.
On the contrary, most co-working spaces are adapting their facilities to a place. This provides a sanitized and physically distant setting. When most employers are instructing employees to work from home, a co-working space serves as an instant go-to place. It offers a convenient work environment and basic office facilities like-access to a printer, Wi-Fi connectivity and audio-visual conferencing. For these facilities employees would have to step out of their houses and would come in contact with more people.
Safety protocols and more
On the other hand it is much safer to have few people who are sanitized and have to wear masks at all times. These spaces are equipped to handle a post COVID-19 work environment.
With a slowdown in the economy, and a conservative approach towards business expansion, its difficult to say what will happen. The future of coworking spaces post COVID-19, is set to emerge as the new norm for all kinds of work forces.
Growing beyond the domain of freelancers it is likely to attract large corporate houses from all kinds of industries too. The ‘work from home’ culture cannot continue for infinity and soon companies will be on the lookout for a decent workplace. Which can lower their corporate density and at the same time pulls employees from the ‘work from home’ mode. Where they slack off and have distractions of all kinds, having to deal with their families and roommates.
Moreover, small business setups are most likely to rely on the shared coworking resources. They will use it as their lifeline to sustain in the market and keep their businesses afloat.
While millions will probably lose their jobs in the post-pandemic world, there is some good news that co-working spaces can offer. With increased professional networking, a rising membership and more corporates working under one roof, co-working spaces are likely to emerge as the new job hub.
Pros of Coworking
- It Can Be More Affordable Than Leasing
Unfortunately, the cost of leasing office space is very high. When you factor in all the extra expenses that make the space usable for your business like beverages and printing, good wifi connections, so on and so forth it can quickly become a very unaffordable option.
On the other hand, renting a coworking space could prove to be a much more cost-effective alternative. Renting a coworking space will vary in price. It will depend on your location and the facilities you will require and where you’ll be working.
For example instaoffice, a company that has opened coworking spaces nationwide offers plans of all kinds in many different places. If you need to run your business in a space that’s affordably priced, you might benefit from starting out at a coworking space.
- Provided Amenities
Depending on the type of business you’re running, there are certain amenities that could help your business remain operational and even help you to simply make your employees happier. One of the perks of coworking spaces is that they are equipped with everything you can possibly need, including a reliable internet connection, office equipment, and furnished meeting areas.
Each coworking space will have its own unique amenities to keep members and employees comfortable, from coffee and snacks to lounges. If you own a small company and offering amenities to your employees is important to you, a coworking space could be a great fit.
- A Sense of Community
Working from a home may be convenient, but it can also feel isolating on the bed or the couch. It always feels so tempting and you want to lie there and do nothing. Joining a coworking community is an opportunity to network with other professionals and support fellow entrepreneurial ventures and more. Getting to know people who are working for themselves or running small businesses can be incredibly motivating. It can help you start your own business or take part in something that has a lot of potential.
Often, there will even be social gatherings for members to get to know each other outside of the work day. So , you’ll have plenty of opportunities to make valuable connections. Not just as a professional but make good friends and relationships.
- Continued Improvements
With the rise in popularity of coworking spaces comes an increase in companies providing these spaces that you can choose from. According to research from the Global Coworking Unconference Conference, the number of individuals choosing coworking spaces is rising by over 24 percent each year. Due to this, more spaces are opening and coworking companies are expanding. The features available to members so that their spaces stand out. If you’re interested in a coworking space, you’ll likely be able to choose from a few different options, which will allow you to select the best possible space for your company.
Where to find a Coworking space near you?
This may seem tricky at first. But, there are companies that many trust and if you live in big cities around the country, some good sites to look into are,
These are some of the main sites. But, if you live in a more remote place then all you need is to get yourself a cup of coffee and sit down with your device and get online.
Co-working offices are becoming more and more common by the day. New companies are popping up everywhere. It may have just started here in India but it still is growing at an exponential rate.
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