With more and more employees shifting to freelancing, a lot of coworking spaces are sprouting here and there.
You can find a lot of coworking spaces for freelancers, entrepreneurs, digital nomads and work-at-home professionals. With the help of the internet, its easier to become a self-employed individual or a remote worker. Coworking spaces have become a space for collaboration, community and work for these individuals.
Pros of Working at a Coworking Space
Coworking space are pretty great and for a reason. Working in one lets you access open floor plans and shared space where you can network and collaborate with other people. Aside from that, coworking spaces have perks for their members. These perks can be free overflowing coffee, free parking, free beer, fast wifi, accessible meeting space, desks, printing desks and so much more!
But most of all, you’ll become a part of a community. Apart from networking, coworking spaces provides people and businesses and environment that’s way better than any office, or coffee shop.
Let’s take a look at each of the benefits of coworking spaces one by one.
Shared office space in coworking spaces provides more flexibility in several areas including:
Flexible Cost Options
Coworking doesn’t ask for upfront fees, or deposits. Instead, it offers a variety of option plans. This way, people like you has the opportunity to decrease your costs. This is specially true for founders.
Flexible Plan Options
There’s no year-long lease requirements with coworking. All the private desk, hot seat, and private office memberships are offered on a per month basis.
Flexible Space Options
If you’re a founder and planning on increasing your team by ten in one night, then you’ll need to have your very own private office and quick. On the other hand, if you want to change your private desk access for a hot seating pass since you’ll be traveling, there’s no problem.
Coworking Spaces allows startups to have the overall flexibility by providing you with the peace of mind and not having to think of a lease.
Opportunities to Network and Collaborate
This was mentioned above. But let’s break it down a bit further. It can be lonely when you’re planning on building a startup. You’ll always be learning, evaluating and doing. By working in a coworking space, you are surrounding yourself with other entrepreneurs who you can network with and who can help when things get rough.
Shared office spaces have a lot of events for networking, mingling and learning from your people who are just link you. By putting yourself in a work space where you can’t help but meet other people like entrepreneurs can help make or break your startup. And the best part is working beside like-minded people can grow your startup in ways you never thought it could become if you were alone.
Coworking spaces provides several educational opportunities which includes workshops, hands-on programming, panel discussions and a whole lot more. These opportunities are quite valuable in helping you as an entrepreneur, startup founder, freelancer or digital nomad in expanding your skill set.
Low-Maintenance Space With Amenities and Services
By leasing a private space, you’ll have to spend on furniture, internet connection and employee parking. All these unnecessary expenses can be avoided with a coworking space.
Coworking spaces takes care of all the operational and administrative tasks.
Most coworking spaces offer the following:
- High-speed Internet
- Free scanning and printing
- Full kitchenettes
- Onsite support
- Meeting rooms
- Privacy nooks
- Mail distribution
- Complimentary beverages
- And many more!
Cons of Working at a Coworking Space
Despite all the benefits of working at a coworking space, it’s not for everyone. Here are some factors to consider before you move in a coworking space.
It’s hard to find a high level of privacy in coworking spaces. After all, coworking is all about shared space. Instead of normal walls, you’ll have glass dividers and collaborative layouts. You’ll need to prepare yourself as you might overhear people’s phone calls or they might hear yours.
Proximity to Competitors
When it comes to startups, you’ll always experience a specific level of competition which can be both good and bad. The good thing is, it shows that your idea is truly valuable. On the other hand, working in coworking spaces increases the possibility that someone from your competitor might overhear you.
Fun activities and networking events are great and all however some might see these as distracting especially if you need peace and quiet to concentrate. Unless you avail of a private office membership, you’ll mostly be affected to some degree when there are events. If your work needs you to focus, a private office may be better for you.
Lack of Customization
With a private space, you can brand it. You get to customize everything from the decor to the furniture. With a coworking space, you might have tons of ideas on how to change things around however you’ll be reminded that the place is not yours.
Commotion and Crowds
In certain days, coworking spaces in the city can get very crowded. And if you don’t have a designated desk, you might need to wait for someone to leave before you can find a desk for yourself.
All in all, it’s up to you whether or not you want to work in a coworking space. There’s no exact answer. Coworking spaces have more pros than cons. However, if your business has a level of secrecy and has sensitive information, then evaluate the factor of privacy before you go and sign up for a coworking space.