12/27/2018

All The Benefits of a Coworking Space

Many people are already aware of the benefits of a serviced office, and the advantages of a coworking space are fairly similar. Coworking spaces are constantly growing in popularity across the world. To better understand why this trend is so widespread, take a look at the benefits of a coworking space.

Flexibility in Terms of Length

One of the amazing things about a coworking space is the flexibility you get automatically with your membership. There is no need to sign a long-term lease for an office. Instead, most coworking spaces have month-to-month memberships, with the option of different levels depending on how much access to the space you need.

You do not need to sign a long-term contract with a coworking space, providing more flexibility.

Versatility in Terms of Use

In addition to the flexibility of coworking spaces, they tend to be versatile. You can work at a desk or on a couch. You can rent a meeting room when you need that space. You can use a phone booth for conference calls. Everything you need is there.

Everything Is Taken Care of

With a traditional office, you just rent the space itself and then need to take care of furniture, utilities, printers, coffee, and everything else you require. None of this is necessary with a coworking space since the space itself already provides those services for you.

No Hidden Costs – Ability to Budget

Because of all those additional costs associated with opening an office mentioned above, such as the printer, bathroom supplies, and desks, there are plenty of hidden costs. None of this is the case with coworking since the space includes it all upfront. As such, you can budget based on the membership price, knowing that is all you need to pay. Keep in mind that some spaces will have extras at a cost, such as parking or excessive printing.

Improved Productivity

If you currently work from home, switching to a coworking space can easily boost your productivity. It will give you an office-like setting that helps you stay on track. Statistics show that entrepreneurs in an office or coworking environment increase their level of focus and confidence.

Eliminates Distractions

On a related note, there are fewer distractions in a coworking space. You will not be tempted by the TV or interrupted by family members.

Emotional Support

The fact that there are others around you in a coworking space can also provide emotional support. With the assistance and acquaintanceship of others, you can have more confidence in your work and improve your mood, even when facing challenges.

No Loneliness

It is also important to note that compared with working from home, using a coworking space will eliminate any potential feelings of loneliness you have. Instead of being holed up inside for days on end, you have somewhere to go and will see people regularly.

Built-in-Networking

With a coworking space, you will interact with others on a daily basis as much or as little as you want. This provides a built-in method of networking and swapping ideas. Most coworking spaces supplement this with networking events, as well.

Coworking spaces usually provide free workshops for members, adding value to the membership.

Community Events and Workshops

In addition to networking events, many coworking spaces offer regular events or workshops. There may be monthly workshops or seminars about things in your field, using social media to market, networking, completing taxes as a freelancer, or other topics, all of which will be free for members.

What to Keep in Mind

Even with all of the advantages of a coworking space, you need to take the time to evaluate whether this is the right option for you. While coworking spaces provide a plethora of advantages, some people will feel that the benefits of a serviced office better fit their needs. Assuming you do choose to join a coworking space, make sure that it is the right one for you, with the amenities you want.

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