The term co-working space ought to be familiar to any entrepreneur or freelancer who’s keen on gaining experience. Starting your business out of your home or a basement might be an alluring option in the early days.
Having a business meeting at your dusty old basement doesn’t look like the best idea as your business expands. It is for this reason that co-working spaces are becoming increasingly popular!
Let’s Take A Look At Some Statistics!
Market analyst firm Ergonomic Trends predicts that the coworking space market will grow by 12% annually through 2025 to reach $13.03 billion.
It is anticipated that there will be almost 26,000 coworking spaces in India by 2022 – up by 42% since 2019.
A co-working culture is revolutionizing traditional work culture as it gains popularity.
Here are 7 things young entrepreneurs can gain from these new shared office spaces.
- Creates more opportunities!
It is impossible to run a business by yourself. Entrepreneurs, freelancers, digital nomads, and other people who work together in a coworking space. A co-working environment may bring you in contact with clients, suppliers, advisers, and creative partners. The opportunity to the network makes all of this possible.
If you work out of your own office, you will never be able to make as many contacts as you can in a few days at a coworking space. WorkAvenue315 is an emerging excellent coworking space in Bangalore that gives young startups a great place to network!
- A flexible, cost-effective solution!
The importance of finance when you are launching a startup cannot be overstated. Having an entire office rented out and furnished for a couple of years is not cheap. The cost makes it hard to be flexible.
An office ambiance is created in WorkAvenue315’s shared office space in Bangalore with a comfortable desk, high-speed Internet connection, coffee, meeting rooms, and recreation zones – and all for an affordable price. Working from a coworking space is the best option whether you are an individual or a small team!
- Maintaining a healthy work-life balance!
It is essential for business ideas to be successful to have a balance between work and personal life. Rush-hour commuters, working long hours and stumbling through deadlines reduce productivity. The presence of like-minded individuals in an office environment near your house increases productivity improves your social life and allows you to balance your life. WorkAvenue315’s office rent space in Bangalore is located at the perfect location from both, residential and working zones.
- Focused attention!
Working from home may be appealing, but within the confines of a home with family, pets, and TV, it can be hard to stay focused. In traditional offices, you’ll find deadlines and dirty office politics. You can work in coworking spaces without the worry of any deadlines weighing on your mind!
- A talent hive!
In a shared workspace, you will work alongside freelancers, entrepreneurs, digital nomads, and other like-minded people. It will help you solve your problems, shape your ideas, and build your team as you work in an environment full of business. A coworking area lets you work with peers and teammates you don’t have in your own office.
- Keeping you comfortable and secure!
In most coworking spaces, the premises are highly secure. Only individuals with personal identification can access coworking spaces, making them very safe. Companies have more productivity since they are located in a safe and secure area.
You can boost your productivity by participating in the different workshops offered by coworking spaces. Entrepreneurs and startups appreciate the convenience this office space offers. A shared office space provider provides the entire setup to the company, making it more convenient!
- Spaces that can be tailored to meet their needs!
Every year, offices strive to find new ways how to increase productivity by improving their design. Every company wishes to have a workspace that represents its values. Coworking spaces fit the diverse demands of businesses, and here is where they come into play. Companies have increasingly turned to coworking office space to acquire a more private, progressive workspace.
The Bottom Line
To get started, find a co-work space within walking distance of your residence that is reasonably priced. People in an exciting environment will keep you motivated, improve your connections, and certainly increase your social circle!