Why Startups Should Opt For Co-Working Spaces

by Neha Gupta Content marketer

A good idea. That is what is takes to embark on the journey of a successful startup. However, while a good idea can come to you by just sitting around the lounge, hanging out at the poolside or simply playing chess with someone, when it comes to building a startup, you need to experience the exchange of ideas while maintaining a wide network of connections. This is where co-working spaces could play a big role in bringing new innovations and creativity to the table. What’s more, with co-working places, you get the option of picking up contacts from simply working together, thereby bringing much more value to people running businesses. Here are some of the many reasons why startups are turning to co-working spaces:

Connections

When it comes to startups, most of the entrepreneurs who founded companies are new to the industry. One of the obvious benefits of working in a space with other companies and professionals is the ability to network and make business connections. These connections entail working with businesses that are more experienced and some could even be potential clients, based on the scope of your business. What’s more, there is nothing better than giving your employees the company culture of a larger business without the operational costs or administrative hassles that come with it. For example, in a city that is a startup hub like Pune, making connections is of utmost importance. Hence, by finding business centres in Pune that offer co-working spaces, businesses can benefit greatly.

Save Costs

For the success of any startup, having liquid funds is of supreme importance. Due to this, companies should strive to cost-cut and save money wherever possible. One of the major perks of co-working is the opportunity to share office costs. When compared to the costs of a traditional office space, the costs associated with a co-working space can warrant serious savings. 75% in total costs to be exact. (The Common Desk, 2016). Moreover, startups generally consist of a small work-force of about 10-15 people, making co-working a great way for a growing business to save money.

Flexibility

The success or failure of a startup cannot be predicted. Actually, nothing when it comes to startups can be foreseen. However, one thing that is a given is - Change. One of the most important reasons to choose a co-working space. The co-working model offers many options for change and flexibility. Most payment options are month-to-month eliminating the stress of signing a lease. Also, most of these spaces offer flexible hours, so night owls have a space that works when they do. After all, 9-5 jobs are so passé.

Considering that co-working spaces have a positive impact on one’s thoughts, ideas and actions, there is no denying why they should be given a shot. So, get rid of all the isolation and distractions that come from working in an unorganised set-up and embrace the culture of a co-working space provided by business centres in Pune, Mumbai, Chennai and other cities today!