With free coffee and couches to relax on, as well as ping pong and foosball tables, coworking spaces are a lot like what you probably imagine. When you think about joining a coworking space, comfort may be the first thing that comes to mind. Coworking isn’t just for freelancers and coworking spaces with shared offices anymore. The growing number of startups using coworking spaces is helping to fuel this significant rise in popularity.
If you’re still not convinced, here are 5 reasons why coworking spaces are beneficial for startups.
1. Flexibility for startups
Many startups struggle to find a work environment that offers them the flexibility to grow their team as the company grows. The last thing you want is to commit to a two-year office lease if you plan to grow your workforce in the coming months. The increase in the number of startups using coworking spaces can be attributed to this fact.
Coworking spaces offer the flexibility that so many startups need, especially in the early stages of growth, by offering membership options that range from dedicated offices to private offices. A company with only two or three employees may start out using hosting, but as the team grows, they can move to a small office.
Coworking spaces are becoming increasingly popular among new businesses because they offer an alternative to the daily hassles of renting an office. Instead of spending time and money on office managers and general maintenance, why not use it to quadruple your business growth?
Coworking spaces allow startups to manage their limited resources more efficiently by taking care of everything from utility bills to facilities management, allowing them to focus solely on their business.
3. Networking opportunities
It makes sense that startups would look for a workspace that fosters organic business connections, as networking is an essential part of building a strong customer base. The primary purpose of a coworking space is to encourage networking and collaboration. During a professional development workshop, for example, people can easily engage in conversation over a cup of coffee.
Startups can benefit from regular networking events hosted by coworking spaces, which allow them to expand their professional contacts and potentially gain new customers. Especially for startups that rely on word-of-mouth marketing, this increased visibility can only be a good thing.
A coworking space gives you access to a community of successful entrepreneurs. Connecting with other successful entrepreneurs in the early stages of building a business is extremely beneficial for a startup founder. Mentoring programs and regular workshops or discussions with industry leaders are two common features of some coworking spaces.
4. Services and amenities for startups
The best coworking communities in the world offer their members state-of-the-art amenities and services designed to help startups grow. Membership in a good coworking community typically includes the following benefits:
- Rooms for conference calls and meetings with potential clients.
- There are several places to relax, including outdoor porches, pool tables and lounge chairs.
- Workplace Supplies: Dry erase walls, power desks and other office furniture.
- Free coffee, fruit and basic appliances such as a refrigerator and microwave are provided.
All of your services will be bundled into one monthly bill as building management is responsible for maintenance. Monthly bills are bundled together, streamlining expenses.
5. Work-Life Balance
According to recent surveys, most full-time workers struggle with work-life balance. Entrepreneurs, startup founders, and innovators continue to express concerns about getting enough sleep and finding time for loved ones in the face of insurmountable demands to scale. Work-life balance anxiety can be mitigated by the coworking model, but how much? Absolutely!
To see if they can maintain a fixed work schedule, coworkers are put to the test. Even if you pull a few all-nighters along the way, at least you won’t be hindered by chores or a furry friend while you work on the startup’s success. Coworking offers a distraction-free environment where founders can separate their work from their personal lives without having to leave the building.
Coworking spaces, meanwhile, often offer a unique support system for startups to grow their businesses. It’s no wonder that more and more startups are moving away from traditional offices to a flexible work system.
It’s easier to start a business when you have the support of other like-minded people and the facilities and resources available in a coworking space.