Starting your own company can be quite a daunting task and it can be rather difficult to keep your investments at bay with today’s mounting expenses. Therefore, Coworking spaces can prove to be your best bet! A coworking space is essentially a shared office space that independent professionals rent out to be able to work alongside other professionals doing the same.
Traditional commercial office spaces require you to sign a lease of two to ten years and usually have high deposit rates. Sometimes it gets difficult to break out of a commercial lease depending on the laws and provisions of the lease agreement. It could also get more complicated if the location is expensive and if the area is not in high demand.
Hiring a place of your own can turn out to be a liability at an early stage in your business venture, a coworking space turns out to be a much more economical option for a budding entrepreneur. Working at a coworking space gives you the benefit of a collaborative setting along with being cost effective. You end up feeling like you are a part of a community, so you get the best of both worlds!
Working at coffee shops and other public places has grown to become a trend but there are a number of people out there who would choose to work in a more professional setting. Most people like to separate their personal life and their work life, if you are one of those coworking spaces are what you are looking for. Working in a motivating environment alongside others doing the same will also boost your productivity levels!
Entrepreneurs can always use ways to save their precious time and money and what better way to do that than to be able to cut down on your commute time. You can look for shared office spaces in areas close to where you stay! Being your own boss allows you to choose your own office hours as well, and coworking spaces allow you the luxury to do just that. You can choose the hours and time period you will be working for and pay for exactly that.
Working from the comfort of your home might not turn out to be as prolific as you expected, you could end up getting too comfortable and distracted. Family situations could also be a hindrance in you official matters.
Coworking spaces have all amenities included in their rent. You also end up saving a lot on furniture, utilities, additional lease service charges, and appliances like a coffee machine, a fridge, a microwave, etc. which you would otherwise have to spend on if you rented a private working space of your own. Shared office spaces facilities usually include high-speed WiFi, free coffee and tea, printers and other common office necessities.
Coworking spaces have a vibrant environment built specially for you to feel comfortable and encourages you to engage with other professionals at the space. Shared office spaces are great places to network and meet new people. Coworking spaces also organize events on the weekends making it easy for people to mix and mingle and make new connections. If you are an entrepreneur, coworking spaces are the perfect workspace with a dynamic community of fellow entrepreneurs.
Coworking spaces are flexible and fit well for companies that are looking forward to grow in strength. If you had a private office you would either have to compromise on individual space and try to fit everyone in an inadequate and cramped up space, or have to shift to a bigger space to be able to comfortably accommodate you company’s growth. This shifting and compromising could turn out to be quite tiresome for a start up business. Coworking spaces are flexible and easier to expand in, you simply have to hire more space depending on the number of people involved in the work, at the same location!
Even though coworking spaces roof a number of entrepreneurs, all members have to sign an agreement that covers the fees, the rules and regulations, and other legal aspects involving the usage of the collaborative space. This ensures that all coworking space users enjoy their own enclosures or areas without any inconvenience or disturbance from others working at the same space. Professionals get their privacy along with the social interaction they would get while working in an office setting with other like-minded people.
These days young professionals find it difficult to maintain office spaces. The Coworking space management is in charge of maintenance and cleaning of the premises providing you with a single consolidated monthly bill for all the services provided. This saves you the trouble of having to employ a cleaning staff and peons, thereby also simplifying your accounting and tax records.
To keep the experience awesome for our users, we have a set of standards which venues must meet:
Your venue's primary business must be the renting of desks, meeting rooms, and private offices.