What is coworking space and why should anyone choose it?

In recent time, people are more eager to take risks and follow their passion fearlessly. They wish to start their own business in which they can work by their choice for the flexible hours and from flexibly locations. They don't want anyone to be bossing around and ordering them or lecturing them about the things. The millennials don't want to do the same 9 to 5 mundane job. But to start the business they require office space from where they can work but in the starting, they cannot afford to buy or lease a space in a prime location as it can cost them a fortune. And work from home cannot be a permanent solution for this as one cannot help meetings and conference at the home. While the casual environment of the home causes distraction and make individuals less efficient. For few, work from home causes isolation. So to overcome this fear and problem, few professionals have introduced the concept of coworking space. It is a place which is being shared by the professionals of different backgrounds, they sit under the same roof and work from there.

Coworking spaces are becoming famous due to their benefits which are affordability, profitability, and promotability. The number of shared spaces is increasing rapidly across the country due to which it becomes easy to find the coworking space in Lower Parel, Powai, Andheri, and other prime locations of metro cities. Coworking spaces are equipped with all the modern amenities and high-class facilities which one cannot even find in the traditional offices and that too at a cheaper price. They facilities one can get in the coworking spaces are high-speed wifi, business machinery, meeting rooms, conference halls, training rooms, fax machines, printing and scanning facilities, kitchen, recreational areas, gaming zones, and many more. Coworking space is a shared workspace where people share the office space and infrastructure to save their expenses. These are ready to move in type offices, one just needs to bring their laptop and start working here. No need to pick up any other things from your old office or home.

In the starting, entrepreneurs and companies work on a tight budget and due to this, they cannot afford an office where they need to pay salaries to the technicians, administration staff and other temporary people as it increases the expenses. For them, coworking space is the best choice as these places are fully serviced spaces. One need not worry about the back end responsibilities such to take care of the stocks of the stationary or kitchen, to worry about the internet issues, power outages, and other internal matters. As all of them are taken care of by the service providers. The amount which one can save from these expenses can be invested in the expansion of the business, in the welfare of employees, and the training of the individuals. These things help in growing and generate more revenue for the company.

The environment of the coworking space is vibrant and dynamic. People motivate each other and help each other in growing. They can share their ideas and gain knowledge from other experience. People share their network also which eventually helps in getting them more clients and projects. Coworking spaces provide people with the freedom to work flexible hours and from remote locations. It helps in increasing the productivity of the individual which leads to the growth of the business. The leasing of the coworking space is 25% cheaper as compared to the leasing of the traditional office space which helps in saving a hefty amount. The locations of the coworking space is another beneficial factor as most of the shared offices are located in the prime localities which helps in increasing the client trustability which helps in generating good revenues. The approachability of the office is great and easily accessible to the people. It is an attractive solution to not just freelancers, young entrepreneurs, and startup enthusiasts but they also invite the students, travellers, remote workers, small teams, SMEs (small-medium enterprises), independent workers, and many more.

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Created on Oct 21st 2019 07:15. Viewed 497 times.

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