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Why Do Startups Prefer Coworking Spaces?

January 25, 2022

Being a startup comes with various challenges, but having a comfortable, safe, and efficient workplace shouldn’t be one of them. Coworking spaces offer small businesses a place that suits their particular requirements while saving them money and resources on large offices that don’t meet their needs and budget.

What Are Coworking Spaces?

Simply put, coworking spaces are work areas shared with other small companies and entrepreneurs. They are an affordable option that allows employees to have a space to work, collaborate, and interact with their coworkers. Various amenities include kitchens, desks, meeting rooms, tech, internet access, etc.

What Makes Coworking Spaces So Intriguing to Startups?

Coworking spaces provide the perfect balance between working from home and working in an office and offer startups benefits that these other options cannot.

A Much Better Option Than a Coffee Shop or Home

Heading down to your favourite café or coffee shop to work on a few things can be beneficial if you’re on your own, but if you’re trying to have a brainstorming session or carry on a Zoom meeting, it can be very bothersome. There are distractions all around you (music, dishes breaking, other people talking, etc.)

Working from home can offer just as many distractions, if not more. Family, pets, and other disturbances can aid in you not being able to conduct your work effectively. Coffee shops and home offices are not suitable long-term solutions for your workspace needs.

Flexibility and Cost-Effective Solutions

Not only is finding an office space to meet the particular needs of your business stressful, but it’s also expensive and requires a long-term commitment. Coworking spaces allow you to organize a plan that meets the needs of your company and employees now, and your commitment can grow or shrink with your startup. You can rent spaces on a day-to-day or month-to-month basis. Meeting rooms can be rented when you need them, so can desks and other office amenities.

With coworking spaces, you only pay for the services you need, so your resources can be allotted to other elements of your business, which is essential for startups.

A Whole New Level of Networking

Coworking spaces have become a prevalent option for startups, freelancers, entrepreneurs, and small businesses. Sharing spaces with other motivated and like-minded people can step your networking game up to the next level. There is often a lot of communication between the different people utilizing the spaces. These discussions can lead to future collaborations or even long-lasting friendships.

Plenty of Advice and Support Options

Besides getting feedback and advice from the other people that share your workspace, the teams that run coworking spaces also have a lot of helpful information to offer. The folks in charge can help guide you in the right direction in various ways. They can tell you what other companies or people you should reach out to and network with.

Some shared workspaces are also set up as small accelerators or incubators to help you learn and establish new ways to grow your business while also providing you with the tools your company needs to thrive.

Book a tour today to learn more about how coworking spaces can be a place for your startup or small business to succeed, grow and thrive.