Co-working

  • 3rd Apr'21
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What is Co-working?

Co-working is an arrangement in which workers of different companies share an office space, allowing cost savings and convenience through the use of shared infrastructure. It is attractive to independent contractors, independent scientists, telecommuting and work-at-home professionals, and people who travel frequently. Additionally, co-working helps workers avoid the feeling of isolation they may experience while telecommuting, traveling, or working at home alone, and eliminates distractions.

What is Co-working? Everything you need to know:

The definition of co-working is when people join together in a neutral space to work independently on different projects or in groups on the same projects. Click here to read more about the co-working origin and history of its definitions from various sources at different ages.

What is a Co-working Space?

Co-working is definitely a new structure of getting work done and sharing. Co-working ecosystems are created as productive and collaborative environments. Read more

 

Co-working

 

Co-Working & Your Startups

Co-working spaces are essentially shared workspaces. They offer affordable office space for those looking to escape the isolation of a home office or coffee shop. Occupants typically are freelancers, entrepreneurs, startups, and small teams who want to take advantage of flexible space.

In addition to culture, the cost is another big draw. One of the advantages of these spaces is the ability to rent out only what you need vs. an entire private office space, which can be costly. Through various membership-based models, costs vary and allow for flexibility. These include options for daily fees or monthly fees. Membership costs also differ based on whether you use a shared desk.

Read below and know the benefits of a Co-working space for your startup:

5 Ways how co-working benefits startups and entrepreneurs:

Here, the term co-working space must be familiar to you. At the beginning of your business, working from home or the basement of your house might be enticing. Here are the top five picks on how this new flow of shared office spaces benefits entrepreneurs. Read more

Five reasons a co-working space makes sense for your startup:

If you don’t mind sharing of office amenities with other startups and entrepreneurs, a co-working space could be a solid option for your business. Here are the reasons why it is a viable option nowadays and liked by startup founders or young entrepreneurs. Read more

How co-working space benefits startups?

Collaborative workspaces provide their co-workers a wide range of world-class amenities at affordable prices, thus helping them save substantial investment costs. It is the best alternative for beginners or who follow the logic a crazy environment makes people to perform unexpectedly. Apart from being a resource of low cost, it also injects few benefits to startups. Read more

 

Innovative Co-working Space Ideas

Walk into a co-working space, and you'll immediately notice that it feels different from a regular office. The smell of fresh coffee in the air is second only to the electric atmosphere that the energetic and excited occupants bring to space. You'll see a mix of those in deep focus at private desks and others striking up engaging conversations at large shared tables. This is the culture of the co-working space.

It’s no wonder that the popularity of co-working spaces is exploding. They give freelance, remote, and independent workers the opportunity to network, collaborate, and chat around the proverbial water cooler. It’s all about creating a community that can bring together an often wide variety of members.

To create your own co-working space and make it attractive, read at below links about some creative ideas:

What will your space be like?

Co-working spaces should offer a more affordable pricing model that access to high-quality services can help you attract and retain high-paying customers. Read more

21 creative event ideas for your co-working space:

Hosting an event at your co-working space is a smart trick to create a feeling of community among your existing members, and attract potential new members into your space so you can really hook them in. Read some of the great event ideas that you can exercise to build connections and at the same time refreshment for the existing ones. Read more

5 ideas for co-working space design:

Look at five coworking space designs and create a refreshing environment. Read more

 

We, at OpenGrowth, are constantly looking for trending startups in the ecosystem. If you want to know any further information about the startup ecosystem, then do let us know in the comment section below.

 

About the Contributor: Amrita Sinha

Amrita is in the field of media. She has a deep inclination towards writing and public speaking. She has the aim of removing the stereotypical mindset of society. She loves to read, and photography is her passion.

Sources/References:

*Note: The content published above was made in collaboration with our members.

About the author:

Isha Panwar, OpenGrowth Content Team

 

The Editorial Team at OpenGrowth is working to provide you with the perfect place to know everything about startups. Feel free to connect with us.


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