Nowadays coworking is gaining popularity. More and more people are beginning to wonder what exactly is a coworking space and whether it is for them.
Here, you will learn the basics of a coworking space as well as the things that you need to look for or avoid when choosing a place to work away from both home and office. Who can benefit from this type of space? Wondering if a coworking space is appropriate for you? It’s time to find out.
What Is a Coworking Space?
Generally, coworking exists when people gather together to work independently or in groups in a neutral space. These people could be working on the same projects or on different projects. What makes this different from a typical office is that the people in the coworking space are working for different companies.
Coworking spaces provide the same amenities, just like the traditional office, and often even more. Perhaps the big difference is its flexibility since the coworking space does not require long-term lease.
Generally, coworking spaces include printers, Wi-Fi, plenty of power outlets, and sometimes conference rooms. Others also provide snacks, tea, or coffee. There are even coworking spaces offering startup resources, advisors, and coaches. You can even find 3D printers and other modern devices in some of these coworking spaces. There are also some budget-conscious coworking spaces that only offer a desk and Wi-Fi.
What Are the Advantages of Coworking Spaces?
The following are some of the reasons why people choose to work in coworking spaces.
It Keeps You Motivated
When you are working in an environment filled with driven people, you tend to become more productive. Sometimes it feels impossible to slack off. You might be surprised that you have accomplished a lot at the end of an hour in a coworking space compared to an hour at home or in a traditional office.
Provides a Sense of Community
In coworking places, you can find a lot of familiar faces. In fact, it is amazing to see how these people go far above and beyond to help one another succeed.
Operates on Flexible Terms
If you are uncomfortable signing a long-term lease for a home office away from home, coworking spaces are the best option for you since they offer more flexible deals. This is perfect for independent freelancers who are looking for more affordable options. On the other hand, it is also great for startups with limited budgets.
Gives You the Chance to Go Outside Your Home
It is great to work from home, but sometimes it’s easy to fall into a rut. However, if you are surrounded by people who are also working, it can uplift your spirits, kick in your competitive and/or cooperative drive, and make you sharper and more creative.
Provides a Great Opportunity for Networking
Since you are surrounded by people who have common interests, it will just be a matter of time before you can start finding new opportunities through networking.
Who Will Use Coworking Spaces?
Coworking spaces are quite popular among freelancers as well as in the startup world. When coworking spaces were first introduced, most people imagined an office building with workers sitting on their giant beanbag chairs. However, coworking spaces are not only intended for budget-conscious startups. Who can take advantage of coworking spaces?
Remote Workers or Freelancers
Freelancers and other self-employed people can save a fortune choosing this pay-as-go type of arrangement. Aside from this, coworking spaces are the best way of meeting other freelancers and entrepreneurs. This is the best place to network. Whether you are a programmer, a writer, a graphic designer, or even a jack-of-all-trades, there are greater chances that you can meet a lot of people in a coworking space. These people might be working on the same goals as you are.
Aside from this, you can even get the chance to talk to people who can help you out with some things that you are not so familiar with. Having a lot of people in one space means having access to a diversity of talents. It is so amazing what you can come up with even if everybody is doing their own thing.
The value comes not only from discussing their projects but in casual talk about other interests during breaks. But the most incredible thing is the motivation and absolute focus that you can experience in most coworking spaces. There is a palpable energy and vibe when you are working in a place full of motivated people who are trying to build their dreams.
Small Businesses
Coworking spaces are the best option for businesses that are trying to minimize their overhead. These places are more affordable compared to a traditional lease. Furthermore, coworking spaces do not have any costs for setting up and come already including most of the amenities that businesses need for their day-to-day activities. That is why it is not surprising that most coworking spaces are now occupied by small businesses.
Enterprises
Yes, it might sound so surprising, but enterprises can still make use of these coworking spaces. The fact is huge global enterprises, such as Nike, are making use of coworking spaces to accommodate their workspace requirements.
When you are working with thousands of employees all over the world, sometimes managing an office can be stressful. These companies work with coworking spaces so that they can create a customized space of their own or act as a primary tenant in a certain coworking space. Another advantage of coworking spaces is that they can offer discounts or nonprofit arrangements.
What Is the Difference between Working from Home and Other Remote Work Options?
The traditional office culture has its own advantages and disadvantages. Most online-based entrepreneurs prefer to do business for themselves to avoid the typical corporate culture.
Working remotely offers different kinds of possibilities with regards to running your own business or working for other companies. Aside from the advantages, there are also other things that you miss out on. Working from home has a myriad of benefits. For instance, you can wake up or take a break whenever you want. You can also wear whatever you want. However, at the end of the day, you can easily lose your focus.
On the other hand, when you are working in an office setting, you are always motivated and making the most of your time. If you are a freelancer or someone who sets their own time, it is always nice having no boss working over your shoulder and keeping track of your time. Nevertheless, you should consider that you are still accountable to yourself. You are still held accountable when you are working with other people, even if they are not involved with your project, and even if you don’t talk to them at all.
Working from coffee shops or restaurants is the second-best option. Most of these establishments are turning their spaces into coworking models during those unused hours. Coffee shops can easily turn into work environments since they have tables and unlimited caffeine options. Freelancers can work with fast Wi-Fi while enjoying a cheap cup of coffee.
Aside from these benefits, there are also drawbacks. Since there are a lot of people who constantly go in and out of these spaces, there could be some noise and distractions preventing you from finishing your work.
What Are the Factors to Consider When Choosing a Coworking Space?
It is expected that coworking spaces will vastly expand worldwide. So how do you select the best coworking space that suits your needs? Here are some tips that can help you find a suitable space for productivity.
Location
One of the most important and obvious elements to consider when selecting the perfect office space is location. It is important to look for a coworking space that is within a reasonable distance from your residence. Search for conveniences such as shops, restaurants, and parking areas, as well as public transportation accessible from this space.
Your Budget
You always want to make sure that the coworking space you have chosen provides an affordable and long-term solution for your team. If you think that you will outgrow the space within a couple of months, then this is something worth considering. First of all, you need to determine your budget in advance so you can eliminate spaces that are too expensive. This can save you a lot of time and effort in switching out spaces.
Work Environment
Are you looking for a dedicated office or an open space with meeting rooms? Does your business have any legal restrictions? You have to make sure that wherever you want to work, you can fulfill the needs of your business.
The Type of Community You Want
After determining that the space meets your budget and requirements, you need to investigate the fun aspects of the coworking space. Are you searching for a certain type of community? Every working space attracts different workers from your local neighborhood.
For instance, if you are a graphic designer, you might prefer a space that is popular with other designers so you will be able to collaborate with them. You want to be able to join a community wherein you will be encouraged to work each day while making friends.
UOffice Executive Suites is offering coworking spaces that can bring out the best in you and your business. For more information, you can contact us at (832) 932-5165 or send us a message at info@uofficesuites.com.