Gone are the days when coworking was just associated with freelancers and shared desks. Demand for coworking spaces is now across the Asia-Pacific region. Cowork has become a global phenomenon as more and more are getting interested in getting the coworking space. What can be the benefits of coworking, lets see.
1. Flexible Work Options
Startups often face difficulty to find a work environment that gives them the flexibility to scaleup their team. If you are running a startup and looking to expand your team in a few months, you would not want to get a yearly lease. That’s why most of the startups are moving towards the Cowork culture.
Coworks offer membership plans ranging variedly from dedicated desks to private offices. Hence, they can provide the flexibility that so many startups require, especially in the starting stages of their growth. For instance, a founder with a small team of two to three can initially consider having flex desks, before switching to a small office as the team expands.
2. Convenience at the workplace
The second reason that startups are moving towards coworking spaces is that they offer to eradicate the inconvenience of office management. They aid the coworkers by helping them to channelize their money and resources in growth instead of investing them in management. Coworks handle everything from electricity bills to facility management, and give startups the opportunity to manage their limited resources more effectively, so that they can devotedly put their attention to business.
3. Networking Opportunities
Networking is an essential part for startups to create a solid client base; it is smart to find a workspace that helps in organic business connections. Coworking spaces are inherently designed to encourage networking and collaboration. For instance, it’s very easy for members to strike up a conversation in the pantry over a cup of coffee, or during a professional development workshop.
Coworking spaces also organise regular networking events, which provide a good platform for startups to build their business contacts and potentially gain new customers. This increased visibility can only be an asset for startups – especially if they are looking to generate word-of-mouth for their products or services.
4. Sourcing freelancers
Any startup nowadays requires various freelancers to come onboard with it. However, reaching out to freelancers and finalizing the right one is a gargantuan task. Coworks simplify this process greatly by making the freelancers available right in the vicinity of the startup making it much easier for it to finalize.
Whether you require content creation, graphic design or HR services, it’s highly possible that you may find a fellow coworker doing it. And if your startup is too new to afford these prices you can always have a barter.
5. Mentorship programs
Networking is the major benefit that comes out of a coworking space. If you are a startup founder just about to begin with your business, it’s incredibly valuable to connect with fellow entrepreneurs, so you can get an insight into their expertise. Some coworks even offer mentorship events, and workshops with industry experts to aid the startups.
Startups that choose for coworks normally find the coworking environment to be nurturing. With all the benefits provided by shared desk, it is not surprising that more and more people are moving towards Coworks.
5. Amenities To Make Your Work Life Easier
For most people, choosing a cowork over a traditional office is a no brainer. Traditional offices offer in terms of area, whereas the coworks offer the area to work with management and amenities that make your work life much easier. But, what amenities do you require when it comes to working in a coworking space, or what makes cowork a better option?
- Coffee
A good cup of coffee is required for any workplace. It is more of a staple than just an amenity. Coworks offer this as a facility because coworks understand that you require your engine to that is your mind to go on fo the whole day. Hence, most of the coworks provide you complimentary coffee that can take you throughout the day of work with maximum energy. Whenever feeling a dip, take a sip. - Flexible Access
Coworks provide you the option to choose your working hours. Coworks understand the working style of millennials, and hence they provide easy access throughout the day, whenever and whichever working hours you want to choose. You are free to choose the time that feels most productive for you. - Arranging Events
Corporate events or workshops are a plus point that most of the Coworks offer. You can always choose to conduct a workshop or any event when you are at a coworking space. It has become a very sought after facility as it provides well-crafted marketing, without any hassle of investing a hefty amount on it. If you are well connected to the local community you can make your business grow by inviting your connections to a hosted event to learn something new. - Conference Rooms
Coworking generally markets the concept of community and collaboration, but for any business, it is important to have a certain space where they can internally discuss the business matters discreetly and privately. Hence, personal space is also required in a coworking space. And, thankfully most of the coworking spaces provide the facility of conference rooms, where you can have undisturbed conferences with your team and your clients alike. - Community
Here at coworks, the community is deemed to be a requirement more than an amenity. Coworkers, generally want a space where they can spend their time and get the work done. But, more than just work, coworks offer this opportunity to connect with coworkers and look out for other opportunities in your business line or theirs. Plus, it also allows you to have service trade-off through which you can get your work done in a much simpler and cheaper way thanks to your cowork community.