Coworking spaces for emerging entrepreneurs have been one of the hottest new trends. Such trendy new spaces are bringing huge benefits to those who are trying to get their company off the ground. To do so, the coworking spaces give companies access to office-like sharing spaces. In such spaces, you can find people employed in close proximity to many different companies.
If you are reading this, you undoubtedly know the challenges faced by up-and-coming companies all too well. The overhead costs of getting started can often hinder success. There was a time when those who did not have the money for renting office space were pulled from home to work. And while this choice has proven successful for some, it presents obvious drawbacks for others who are trying to scale and expand their businesses. Coworking spaces work to fill the void by offering in a skilled environment inexpensive workspaces for vulnerable entrepreneurs. Business owners can rent parts of such open spaces to provide their staff with a friendly atmosphere in which to work.
1. You can choose a location based on your employees’ needs
Cities across the USA are overcrowded with drivers attempting to get to and from work, and many workers often run late due to traffic congestion, thereby reducing their hours spent in the office. On top of that, after a stressful period in traffic turning up to work could affect productivity and the overall mood for the rest of the day. That is one of the reasons why co-working makes sense in highly congested areas for companies.
2. Wellness is key to productivity for employees
Employee Well-being is an integral part of a safe and productive workplace. The design and layout of the physical workspace is something which affects employee health in an extremely significant way. We spend so much of our time at our desks and in the workplace that a room that encourages and is conducive to high levels of efficiency would make sense. Most companies consider that due to lease agreement stipulations, they can’t alter the space inside the building they actually occupy. But a move into co-working would allow these same corporations to choose a space that is one that encourages people to thrive while being serious about business. A better design of the workplace reduces the team’s tension so that everyone can do their job more efficiently and effectively.
3. There’s more chance of networking
In a coworking space, like-minded people operate in close proximity to each other. Some of these businesses might profit from their neighbor’s facilities, something they would never have realized had it not been for the coworking system. For example, if you’re a business dealing with retirement annuities and pension benefits, there may be a business right next door that needs to use your services for its workers. A coworking room essentially provides a new pool of potential clients.
4. You save money on running costs
Perhaps this is the most obvious way co-workers can have a positive impact on the bottom line of your company. Costs such as long-term rental deals, laundry services, internet access and having coffee and tea stored in the kitchen are no longer a problem. Typically, these costs are incorporated into an arrangement within a co-working room, and therefore work much cheaper than if you daily had staff and resources committed to these tasks.
5. The new technology is still there to help you
Whatever company you are in, keeping up with the latest developments and industry expectations is imperative. Innovation has a tendency to get away from you and in one form or another, companies still find themselves behind the times. Moving into a co-working space reduces this danger because co-working teams are constantly ensuring that the offices are fitted with the latest technology, the best internet access and the latest in office equipment, at the end of the day at low cost to you.
