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Home » Co-Working Spaces – What Are The Benefits?

Co-Working Spaces – What Are The Benefits?

The advantages of coworking have been well-documented. However, research conducted by Harvard Business Review unveiled some fascinating new findings about coworking spaces and how they play an significant roles in confidence among professionals.

Coworking has become something of the latest buzzword as hundreds of articles appearing with the topic’s most popular benefits. We’ve even discussed them when discussing whether flexible workspaces will be around for the long haul. We’ll let you know They are.

Since the very first coworking facility opened in 2005, a multitude of coworking spaces have been created all over the world and the forecast is to exceed 41,000 coworking facilities by 2024 according to Statista. Since this trend is not decreasing, it’s time to get into the findings and review the advantages that are driving the need for coworking spaces.

There are numerous advantages of coworking spaces, both post- and pre-pandemic as well as post-pandemic, which business managers and owners are aware of. In addition to the obvious advantages coworking has the potential to influence the way people perceive you within and outside your business. In the Harvard Business Review (HBR) states that coworking can change the way you — and your employees see your work.

The study revealed that flexible workspaces possess the ability to alter your professional appearance to your advantage. For some, this may seem a bit odd, particularly those who believe that a workspace is just a space , and the desk is only an office. However, coworking provides a space that goes beyond the four walls — or lack of.

The HBR study that was conducted at the beginning of 2017 through the end of 2018, concluded:

“At the most basic level coworking is a type of service that makes it easier for users to using a workspace and accessing it. However, it’s also a social service which fosters a sense belonging to the members.”

The advantages of coworking spaces include:

1. Improving the quality of clients’ experiences and increasing their relevancy

In the Harvard Business Review reported that “coworking spaces can help businesses that are just starting out get a good impression on potential clients”. Indeed, one person has actually moved to WeWork to improve her business’s image and demonstrate to clients that she was open and willing to changing.

Another respondent argued that coworking spaces are an excellent method of looking “energetic and forward-looking rather than dated and rooted within the present”.

2. Increasing legitimacy for startups

One of the greatest advantages coworking spaces offer startups is that they provide the entrepreneurs with a business address in a desirable location — without the expense that is associated with a city-centre office. A prestigious address in a common business location instead of a residence address, creates a sense that of “pride and trust”.

“Coworking places give employees the impression of professionalism as well as legitimacy that traditional remote working doesn’t” The study concluded. Working in a real office, not the kitchen table, instantly gives credibility and credibility to your clients, and gives them an impression of “a professional and a serious worker”.

3. Feeling valued by employees

Because you’ll pay for every desk you use that’s effectively paying for your employees to be part of the coworking area. With the facilities and benefits that come with these kinds of workspaces your employees are sure to feel valued and feel that their needs are being considered seriously.

According to the poll, one participant located within a satellite location located outside of the corporate headquarters said: “We’re a bit of an outpost. We also understand that it’s a sign that we’re significant and worthy of the money they’re paying to ensure we’re all in an office environment.”

4. Increased productivity

Many workers decided to move to freelance work when the pandemic hit. People Per Hour reporting a record 1.5 million new freelancers who registered to the platform as of March 2020 as the pandemic swept through. However, while it’s possible to work at your home, it can be a source of many issues. There are a lot of blurred lines between your work and private life can get worse as it’s much easier to complete a handful of chores that require a lot of time for example, such as doing laundry while working.

The move to an office However, it removes you from distractions at home which allows you to focus only on your work. Coworking spaces are designed to be productive accommodating a range of working styles and providing various backdrops, desks, or meeting areas that can be adapted to the needs of anyone who works.

5. Flexible work options

Instead of a strict working schedule that demands all employees to work according to set time slots coworking spaces promote flexibility. Businesses can begin and finish their work on an hour that is suitable for their employees and themselves most. If you’re an entrepreneur and requires only a meeting space or desk area for couple of hours You can make use of flexible office spaces and arrange for an entire day, whenever you require.

6. Opportunities for networking

Through the very nature of coworking spaces, freelancers, entrepreneurs and companies work in close proximity, which makes networking extremely easy and creating a potential for you to have a pool of people to hire for you to select from. If you’re in the same field or not, you’ll can gain knowledge from other colleagues. It is possible to meet the graphic designer freelance that your company requires while drinking your morning cup of coffee. Coworking space providers are likely to host events for the entire building which makes it easier to build relationships with the people who work alongside you.

7. Access to shared facilities

As we’ve mentioned coworking spaces usually provide events for all clients. However, in addition to this, it’s highly likely that your workplace will be provided with services. That means that the office will have amenities such as furniture, WiFi, subsidised food, drinks and snacks for employees and employees to have fun. The company won’t have to worry about the office amenities that your employees expect, and you’ll be able to use your budget for other areas in your enterprise.

8. A sense of community

Even when you’re in an intimate group, or working on your own as a freelancer, a coworking space Finsbury Park ensures that you’re never completely isolated. With spacious desks and a flexible layout for work You’re bound to be involved in the bustle and hustle of your day -unless obviously, you opt for a specific space or a private meeting space.

A variety of professional and business owners that are working together in the same space will naturally give you an atmosphere of belonging and community, offering you a back-up system that you can rely on if require it.

9. Flexible office contract

One of the biggest challenges of owning an office of your own is determining how much space your staff and you really need. What happens when you’re locked into an agreement and your business has grown in size? Continuously changing the layout and arrangement of your office only gets you only so far.

Startups and entrepreneurs who aren’t certain of their workforce will look like in three, four or five years coworking spaces enable the user to only pay for the space you’ll need. This gives your workspace the chance to grow and adapt to the needs of the needs of your business. By resecuring your office space, you’re never with a bill and you pay only for the space you require and utilize.

10. Widespread access

If you love traveling but don’t wish to miss working, coworking spaces can allow you to achieve an ideal work-life balance. Instead of setting up at an establishment in the town or city that you’re visiting, quickly reserve a desk in coworking spaces to give you the office feel that you require to concentrate. Flexible office spaces give members access to offices in the country, allowing you the flexibility to travel however you like and without compromising any quality work.