CoWorking Spaces – Yea or Nay?

As you continue developing the ideas that are shaping the future of your growing company, at some point it will inevitably become very clear that some environments are more conducive to your productivity than others. When you’re building a company from the ground up, however, every single expense ultimately has an impact on your bottom line – founders generally cannot afford the luxury of a large private corner office in which to do their planning. Enter co-working spaces, which were practically designed with the entrepreneur in mind.

“At their essence, co-working spaces are custom-designed for the entrepreneur” 

The Benefits of CoWorking Spaces to Entrepreneurs

Co-working spaces have a much different vibe from a regular office, and they’re all the rage right now in the modern business environment: these shared, collaborative office environments offer affordable space for those looking to get work done within a larger community of entrepreneurs, freelancers, and small teams in a flexible environment. Their energy is usually electric. The culture of the co-working space features a diverse array of characters, from young entrepreneurs excitedly sharing ideas at a large community table to solitary professionals deep in focus at a private desk. They generally offer office-like amenities such as private meeting rooms, kitchens, coffee, and work desks; they’re even designed to incentivize communication and maximize productivity. Researchers have launched several studies which seek to understand the effects of co-working spaces on productivity, and the results have been overwhelmingly positive: these shared spaces are directly correlated to greater job control, more meaningful work, and a sense of community. In fact, many progressive larger companies are beginning to utilize the co-working space concept as well.

So, what are the top 3 reasons co-working spaces are so popular and effective, and how can they help you to benefit and thrive as an entrepreneur?

  1. Cost Efficiency
  2. Collaboration with Others & Expanding Your Network
  3. Flexibility

We encourage you to reach out your local startup community to gain insight on the best co-working spaces in and around your neighborhood. And certainly feel free to reach out to us here; we would be happy provide support!

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