5 Reasons Why Startups Grow Better in Coworking Spaces

The working environment is one of the major factors that affect productivity, overall job satisfaction and a wide range of other advantages that can benefit your business. 

Modern business models and technologies make it possible for many knowledge-workers to work virtually and perform their tasks from any location with a computer and a WIFI connection. However, finding a suitable location to perform your tasks productively has become a whole new challenge that many workers struggle with. 

Research shows that working in a professional office with a flexible schedule ensures the highest level of productivity and satisfaction. And while creating such an environment in a private office can cost a real fortune – coworking spaces offer an affordable alternative solution as well as other additional benefits and here is how:

• Affordability

Coworking spaces offer workspaces that can be rented on an hourly, daily, weekly, monthly and yearly basis. That’s the flexibility companies could only dream of before shared offices appeared in the market. This flexibility as well as sharing the costs for common facilities makes the price for coworking rather affordable. Short-term rental might not be cost-effective in the long run and long-term tenancy agreements can get you the best deals. However, if you only need to be at the office twice a week – it’s the best and most lucrative option out there. The opportunity to adjust your tenancy according to your schedule is a great way to minimize the office budget.

• Networking

Starting a new company, especially your first one is an exciting career step. However, startupers face a lot of pitfalls on their way to success and business isolation is one of them. Knowing the right people can help attract new professionals to your team, potential partners and most-importantly clients. But if you work on your product from home – you are being physically isolated from the business community. However, working at a shared office means that you are being exposed to new professionals daily. Sharing office space, lounge areas and even toilets can help meet and greet all kinds of experts. Who knows, maybe one of them will make a turning point for your company. Moreover, coworking spaces often organize special networking events for their members.

• Flexible working hours 

Running a startup is a tough effort and time-consuming task. You might work with partners and clients in a completely different time zone, come up with a genius idea in the middle of the night and have the urge to work on it right away or get an important deadline and work all night long. As a result, working a 9-18 shift every day is a somewhat unrealistic expectation. And when you work flexible hours – being sure that you office will be available at any time is a nice perk. That’s why most of coworkings offer 24/7 access to their tenants.

• High-quality facilities

Meeting rooms equipped with projectors and screens, teleconferencing facilities and ergonomic furniture, designed interior and tasty coffee in the kitchen, all these things affect your experience at work, productivity. A high-quality office environment can boost productivity, help generate new ideas, facilitates brainstorming sessions and make you a happier person. 

Coworkings ensure a high-quality office environment by being strategically placed in central and easily accessible locations. Providing modern tech facilities and a range of additional services (on-site gym, coffee shops, cafeterias, game rooms, yoga classes, etc). 

Overall, most people spend the majority of their day at the office after all and want to enjoy this experience.

• Coworking is fun

Meeting new people every day and being a part of a tight community is a fun experience. While many solopreneurs feel lonely and isolated when working at home –  a community-based working environment invites you to spend your day productively focused on your core tasks, surrounded by like-minded professionals. Shared office spaces also offer their tenants a ton of additional fun activities like formal and informal events and even team buildings.  Moreover, research shows that communities formed there can create a healthy, supportive psychological environment. This ensures a motivating environment and a happy place to return to every day.

Coworkings and startups mix well together. Coworkings have managed to create a perfect environment that helps startups to be as efficient as possible and in return, startups have already turned thousand of shared offices into industry-focused business hubs and communities.