About 50% of U.S startups prefer to operate their business from home, however, your home may no longer be a suitable environment especially when your business starts to grow and you need to meet with customers or bring more people on board. Moreover, separating home from work life can be very challenging, and this can increase your risk of burnout.
This leads us to coworking spaces which are actually open offices with a huge number of independent and shared desks where startups, freelancers, and early stage companies can work. Some coworking spaces also offer private offices for your company's privacy.
Why should you consider coworking?
Improved facilities for your home office or local coffee shop
Let's be honest, a coffee shop or your home office can exhibit a few challenges to professionalism such as nonbusiness interruptions and noise. However, with coworking spaces you are provided with all that you have to complete your work such plenty of desk space, an abundance of power sockets, functional furniture, and high-speed Wi-Fi connections which come standard in most coworking spaces.
Flexible and cost-effective solution
A conventional office space rental can help you with your startup needs, but they usually require a long term commitment regarding finance. However, coworking enables your startup to be agile as it develops and changes.
You can make use of the space as and when you have to on a daily or monthly basis. You can also rent meeting rooms when you have to. You would likewise be free from being stuck on a lease you are not ready for.
Networking on a whole new level
Cooperating spaces are utilized by a group of entrepreneurs, freelancers, and small businesses; therefore there are a lot of networking opportunities with individuals who are also endeavoring build a business.
Access to lots of business advice
A coworking space can provide you with the opportunity to receive advice on your startup. First, there is a community of coworkers with varied skills and experience that you can have access to. Second, these spaces are often managed by a group of enthusiastic community managers who can lead you the correct way, help you think logistics through or give you some advice.
Coworking grows as your business grows
Another reason why you should consider a coworking space is that you can scale up as at when you have to. Whether you abruptly require more facilities to employ more staffs to assist you when you are busy or match a peak in demand, it's more likely that a coworking space can be more flexible and nimble than a traditional office.