What is a co-working space?
Co-working, as the word itself suggests, is a shared office space where people from different professions work together side by side in a shared workspace, and also share a common infrastructure like a stable internet, reception, equipment like printer, dining area, and so on. Many companies which include both MNCs and SMEs, freelancers, local businesses, and startups prefer co-working spaces to other workspaces, as co-working spaces provide any type of worker with the exact amount of office space they require, from startups with a tight budget to traveling employees who only need a desk for the day. Co-working spaces include most of the basic requirements such as a stable internet connection, a well-lighted and peaceful place to work, power backup, and so on.
Basic Benefits of co-working
There are a lot of benefits to renting a co-working space and the main ones being that co-working spaces can be cost-effective most of your needs will be covered with the amount you’ll be paying for the office in a coworking, and it covers the basic amenities like stable internet connection, comfortable workspace, uninterrupted power supply these are few things that might take up most of the companies revenue, most spaces have their canteen, dining area and some even have its library and play area. It is very flexible so you don’t have to worry about expanding your business or shutting down your company, and can be very helpful for improving networking which can be useful for the company as within the co-working spaces you can meet like-minded people, people who are looking to expand their business, already successful business people who might help you enhance your business and so on. This will be of great help if your small business is looking to grow. Networking is one of the main reasons to choose a co-working space as you will find a lot of businessmen within your workspace who will be of great help to your business growth and can help to expand your business. Socialism and Professionalism are other benefits that make co-working spaces better than working from home as you are free from distractions.
Co-working spaces can help you be focused on your work as you’ll be surrounded by people who are also working for their firm, and so there is no room for distraction, you can also see an increase in the productivity within your employees or if you are a one-man army then within yourself. Surrounded by people in a work environment where everyone is busy with their work will be a motivation for the employees to do more. You also get a lot of collaborative options in a co-working space. It enhances human interaction to a greater extent. You can also visibly see a boost in creativity, you can come up with new ideas while working around a new set of individuals. You have options to choose from either shared office space or private office spaces, most co-working have an option of customizing the workspace the way you want it to be. They also have flexible contracts to expand your business without second thoughts or even back off from the contract whenever you wish to, with no commitments.
Community is another unique and important feature in a co-working space, as most co-working spaces have a community within the companies working in the co-working space. You can create your community or join communities that suit your interests within the workspace. This will be a relaxing break or entertainment in between work. Most co-working spaces are open 24/7, and Pulsebay is an option if you are looking for one. These help the company if they want its employees to work night shifts, and also provide all the benefits mentioned.
These are just the basics to understand what a co-working space is, just the outline of it. We’ll provide more detailed information regarding how co-working is beneficial for each category in the upcoming blogs.