Coworking

Coworking is an arrangement in which several workers from different companies share an office space, allowing cost savings and convenience through the use of common infrastructure, such as equipment, utilities, and receptionist and custodial services, and in some cases refreshments and parcel acceptance services. It is attractive to independent contractors, independent scientists, telecommuting and work-at-home professionals, and people who travel frequently. Additionally, coworking helps workers avoid the isolation they may experience while telecommuting, traveling, or working at home, while also eliminating distractions. Some coworking spaces charge membership dues.

Why do people use coworking spaces?

A coworking space is the perfect option for those just starting on a business venture (think start-ups and entrepreneurs) because it offers the ability to scale up or scale down in team numbers, there are low set-up costs due to shared infrastructure, a large in-house group to network with, quite often ties to in-house expertise, mentors and funding opportunities, as well as being the ideal platform

But coworking spaces aren’t JUST for startups and entrepreneurs. Coworking space members/ groups are incredibly diverse too!

Coworking for Small Businesses / SMEs

To small businesses, coworking spaces lack overhead costs, there are no long contracts to be committed to and typically everything to run a business is available, from meeting rooms to kitchens to whipping up a snack, and the coffee count doesn't matter, as it's free.

Most coworking spaces are situated in high-profile central business areas with easy access to housing, cafes, shopping and gyms where the "impossible" vision of renting independently would be mentioned.

As a small business owner, you'll never have to think about stocking up on toilet paper or calling out the WiFi repair company as it takes care of everything.

It is also a great incentive to attract top talent, as the coworking spaces also provide for their participants a range of community events, seminars, lunches, and other learning or social activities.

Coworking for Freelancers

To freelancers, coworking spaces are similar to "independence" from where and when to work with all the advantages of a healthy office environment plus the benefits of being part of a like-minded people culture. Coworking is the perfect antidote for those who would otherwise have to work alone at home or in a noisy cafe and feel isolated. Since coworking spaces are packed with interested and ambitious people working on all types of business, joining a coworking space is a great way to make new friends, meet potential clients and even meet potential new business partners!

Coworking for Corporates

Because of the advantages for their workers, big forward thinking corporations are jumping on board with coworking spaces, from increased happiness and efficiency to networking opportunities for people outside their own territories.

Coworking spaces allow for dynamic day-to-day networking opportunities for all coworkers, which is tantamount to a group of potential clients, associates, mentors and a pool of readily available talent to draw from. Some plan health and wellness related events to promote a balanced lifestyle, such as yoga classes and meditation sessions.