A Guide To The Coworking Space Concept

A Guide To The Coworking Space Concept

The average American workplace always seems to be changing, and we’re always looking for ways that create the most productive and content employees. The coworking space is a relatively new one in the grand scheme of things but one that has quickly picked up steam and gotten followers on board from all types of industries and backgrounds.

If you’re new to this type of working arrangement you might be full of questions about its value. How does it work? Can it truly motivate people? What are the benefits of the coworking concept that you won’t find anywhere else?

Coworking space.

We’re here to answer all of your coworking questions to help you decide whether this is a smart move for you as a small business owner or the best fit for your staff.

What Is A Coworking Space?

Coworking involves shared spaces, often office spaces, where people come together to complete independent work. These spaces can be rented out by individuals and so it’s common that most people within a coworking space won’t even be employed by the same organization.

These spaces are generally set up as an office where people pay to rent a desk or other small area and share the space with other individuals. You usually have access to shared amenities such as a bathroom, kitchen, printer, and other office supplies so that there are no additional costs except for the rent you pay on your own desk.

The Benefits of A Coworking Space

The coworking concept is one that has seen a boom in recent years, and over the last 10 years, it appears that the number of coworking desks seems to have doubled each passing year. So, what are the benefits of a coworking space and how they can help you and your business?

  • Low cost - Compared to renting an office space or even working from home where you’re constantly distracted, coworking spaces are low cost and can help you to be extremely efficient. 
  • Networking - Any good business understands the importance of networking, and a coworking space is one of the most effective places to do it. You can share your skills and expertise with others and invite them to do the same, all mutually benefiting each other in one way or another. 
  • Established identity - If you work for yourself or at home it can be isolating at the best of times, but joining a coworking space can be helpful in getting your identity back. As one of the only people there doing what you do you can feel more like your own person when you stand out amongst the crowd.
  • Greater job control - Many of these coworking spaces are open to their staff 24/7 which means you get to choose what hours work for you. When people can work freely to their own schedule they’re able to be more productive in the work that they produce.
  • Sense of community - An article in Harvard Business Review cited this sense of community as one of the most positive benefits of working in these spaces. Each office space has its own personality and everyone comes together to form a community, with no compulsory rules in place about having to socialize ever. 

Why Are Coworking Spaces Trending Right Now?

There’s a good chance you’ve already heard someone talking about coworking spaces, so what is it that makes them such a huge deal at the moment? The coworking movement has always been big for freelancers and entrepreneurs, but it seems that other businesses are now sitting up and taking notice.

Some companies now allow their employees to work from a coworking space which has numerous benefits, with the most important being how productive their staff are. With more of a push now than ever to have a content workforce that favors flexibility, the coworking concept is certainly a popular choice.

People these days tend to favor more of a community approach to work and look for that sense of community outside of the traditional workplace meetings or events.

Having your staff work from a remote workplace such as a coworking space can help them foster that sense of community with other staff members on their own terms, and in a way that’s likely to be more beneficial to your business.

Which Businesses Could Benefit From A Coworking Space?

While it’s true that the coworking space might not work for all professions, it pays to be open-minded about what industries would find it beneficial. There’s no doubt that those who run their own small businesses, complete freelance projects, or are budding entrepreneurs will find a lot of value in coworking spaces, but it’s not just limited to them.

People coworking.

Industries were creative input is required such as digital artists and writers, financial and banking services, and any role where you’re able to work remotely and without direct interaction at all times would benefit from using a coworking space.

These spaces aren’t even required full time but can still be employed on a part-time basis to give employees a chance to mix things up.

The Workplace Of The Future

It’s never been more crucial to give employees a chance to work flexibly and for small businesses and freelancers to move away from the isolation that they’re used to. Coworking spaces allow everyone to come together in a community to share ideas, network, and help to create an individual identity, which can have tremendous impacts on your overall efficiency.

We’re not sure that the days of the bustling office setting are behind us, but there is certainly a lot to gain from considering one of these workspaces for all sizes of business. The coworking concept is one that will continue to grow and adapt to the needs of the modern worker, so it’s definitely something to consider if you’re looking to rent your own office space in the future.