5 Reasons Why You Should Work From a Coworking Space - Venture X Canada

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5 Reasons Why You Should Work From a Coworking Space

October 20, 2020

What is a Coworking Space?

Simply put, coworking spaces provide a professional office setting with all of the amenities of an office tailored to your specific business needs. So whether you only need receptionist services, a business mailing address and a place to occasionally meet with clients or whether you need a fully-furnished private office with access to a conference room, you only pay for the services you need.

 

So now the question becomes, what are the advantages of using a coworking space over a traditional office or working entirely from home?

 

Why Use a Coworking Space?

There are several benefits to using a coworking space but for this post we’ll look at these five:

 

  • Cost
  • Flexibility
  • Less to Worry About
  • Professional Workspace
  • Access to different professionals / collaboration

Cost

Coworking spaces offer an affordable alternative to freelancers, entrepreneurs, start-ups and, increasingly, established companies. The reason is simple – a commercial lease and the expenses that come with owning or leasing a commercial property can add up quickly and become a business’s largest operating expense. For freelancers, entrepreneurs and startups who need a physical office space but can’t afford and can’t commit to a lease, co-working facilities offer the amenities of an office at a fraction of the cost. 

 

Larger companies can also benefit from coworking spaces. In light of the COVID-19 pandemic and its role in changing how businesses operate, it only makes sense for companies to downsize their current locations and make use of coworking spaces. Coworking spaces offer a cost-reducing and convenient solution in that regard and can be used as satellite offices.

 

Flexibility

Coworking spaces combine the structure, stability and support of an office setting with the freedom of setting your own schedule. Coworking spaces are often accessible 24/7 which accommodates both early birds and night owls and allows you to work when you’re the most productive. The freedom to create your own work-life balance and a workspace that gives you the option to either work quietly or collaboratively are other factors that can lead to increased productivity.

 

Less to Worry About

There are a number of components involved in operating a business. Utilities, phone and internet, office equipment, furniture, supplies, cleaning services and security are just a few of them. With a coworking space, all you need is your phone and your laptop and everything you need to run your business is there ready and waiting for you. This not only allows you to spend more time and energy on your work, but it also saves you from the headaches of maintaining an office.   

 

Professional Workspace

One of the biggest drawbacks of working from home is a lack of professional appearance. Meeting clients in a home office or a local coffee shop and using your home address on your website and business cards aren’t likely to inspire a lot of confidence in your services. Clients are likely to take you more seriously if you’re meeting with them in a professional setting, like a conference room, and have an office address listed on your marketing materials. 

 

Access to Different Professionals / Collaboration / Networking

There’s something about being around other professionals who are developing their own ideas and building their businesses that can get us motivated and get our own creative juices flowing. If there are other professionals in your coworking space who are in the same field as you, you can bounce ideas off of each other. Networking is another benefit of coworking spaces and a necessity for all professionals. Networking also provides you with valuable contacts in several fields that you will come to rely on sooner or later.

 

Conclusion

Whether you’re a work from home professional, an entrepreneur, a startup or an established business looking for ways to improve productivity while reducing costs, coworking spaces can save you money, give you the flexibility and structure to be more productive, allow you to focus solely on your work, provide you with all the professional services every business needs and introduce you to creative and innovative professionals working in several different fields.

 

For Information on the Future of Coworking and How Venture X Has Responded to Ensure the Safety of Our Community Members, Check Out Our Post on “Coworking In A Post-COVID-19 World