5 Reasons Co-Working Spaces Are the Best Occupancy Solution for Entrepreneurs

The introduction of co-working spaces has been nothing short of a revolution. With rising trends and the abundance of prospects, co-working spaces have sporadically emerged all across the globe, offering some of the best infrastructure, work environments, and quality ergonomics to facilitate a vibrant atmosphere to work in. With an already growing demand among freelancers, online contractors, over-time workers, and other types of independent and self-employed workers, co-working space is now a popular occupancy solution in the entrepreneur community.

5 Reasons Co-Working Spaces Are The Best Occupancy Solution for Entrepreneurs to Grow Their Business

Co-working Spaces for Entrepreneurs

Co-working spaces account for some of the soundest, fastest and the most dynamic physical occupancy solutions to build and grow an online startup. Entrepreneurs often come with budget constraints, limited workforce, and the absence of a proper corporate hierarchy to kick-start their venture. Co-working spaces provide a very affordable office space with flexible plans to secure tenancy. It gives companies a much greater value for money with a fully-equipped workspace and top of the line facilities, amenities, and features. If you have started a company and need a place to settle in, here are 5 reasons why a Co-Working space may be the best option for you.

Greatly Cost-Efficient 

This is the key value proposition and the reason may companies gravitate towards co-working spaces. As a professional startup and a registered entity, you will be required by law to own a physical address to legitimize your presence. For many startups in their infancy stage, it comes awfully challenging since money is always short at hand. Co-working spaces in this regard provide full-featured setup provisions to accommodate every office requirement the company needs to smoothly conduct its business operations and develop a robust footprint in their sector. The leasing plans are quite flexible and assuring with zero security deposit.

Happy and Productive Work Atmosphere

One thing that is often lacking even among some of the leading startups in the world is “proper work structure”. Entrepreneurs desire a reliable and supportive office environment that can thrive even during the harsh times of the company. To accomplish that, many despite strong investment capital purposefully venture into co-working spaces to learn how they manage to produce such a vibrant atmosphere that traditional offices fail to achieve. Startups use this time period to reverse engineer the factors and implement them into their own company structure for building a happier and more productive office environment. In its essence, co-working spaces help employees achieve a profound sense of identity that does not interfere with their sense of belonging to the organization.

Promotes Professionalism

While working at an apartment on the comfort of sofas may be the cheapest and the most convenient way to start a business, it certainly is not the most conducive, creative or sustainable one. Working on odd timings, going on shopping runs or conducting client meetings while the neighbor’s dog is at it reflects terribly on your brand image. Consequently, it weakens your potential to capture new projects while diminishing your abilities to take your company into the growth phase. Co-working spaces not only legitimize your company but engender professionalism within your ranks as your employees become accustomed to working within a competitive community. Facilities such as wireless networking, work desks, specialized office equipment, meeting rooms, and conference halls create a stimulating environment that benefits the employee. As a result, workers increase their productivity as they feel valued with the company investing in their wellbeing.

Provides Autonomy and Flexibility 

Most co-working spaces are strategically located around the city and are generally accessible 24/7. Factors such as availability of local transport, food provisions, absence of noise pollution, and the presence of nearby healthcare facilities and are carefully considered to give workers a healthy, safe and flexible work platform. The workspace policies are designed to foster an accepting and easy-going atmosphere that befits the employee’s preferences. For example, if there is a deadline crunch that demands long working hours, employees can work in a flexible fashion without worrying about the office being closed at the last hour. Similarly, if the long hours start to ebb the flow of work, the worker can take a long snack break to recharge without the typical scrutiny of traditional office setting. This gives a great incentive to your workforce as they feel trusted and willingly go the extra mile when you need them to.

A Resourceful Community 

Most importantly, co-working spaces serve as a rich source to find a competent workforce for your daily business tasks. Co-working spaces are full of diverse talent and always encourage fruitful collaboration with companies under their roof. Varying companies working on the same platform present an excellent opportunity to complement each other’s work and share their connections. Moreover, employees are given the liberty to socialize and determine their personal level of interaction. While socialization is a perk, it isn’t forced and a professional boundary is respected and protected by the community.

example, for a building a website with resource sharing and capacity building and expanding network.

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What You Should Consider in a Co-working Place

Entrepreneurs are always searching for the most affordable and full-featured occupancy solution to establish their physical presence. While there are several options to go about, all coworking spaces do not necessarily fulfill what they advertise and the entrepreneur may end up getting the short end of the stick. Therefore, thorough research before signing the contract is crucial.

One of the leading examples is TheDesk, a co-working space located in Islamabad that offers some of the best facilities, amenities, and packages under one roof. TheDesk offers diverse occupancy options categorized for different business tiers, ranging from part-time and dedicated desk, to private office and executive suite. To further help budding entrepreneurs who are struggling with budget constraints, TheDesk is also offering discount promotions to encourage the participation of young business enthusiasts.

Final Takeaway

Workspaces not only help businesses grow but bring together a sense of belonging in the community. Traditional offices often suffer shortfalls in productivity due to excessive micromanagement and stifling work environment.

Working around a community of like-minded people not only helps stimulate creativity among individuals but also makes room for innovative ideas to fuel entrepreneurial drives. This is often unachievable in traditional offices and enclosed home settings where the only things to brainstorm with are the walls or the neighbor’s cat.

 

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