What is concept of coworking?
Many firms start their businesses from home or traditional offices. Although these office setups can help in cost cutting (low rent) but they also offers some distractions such as family interference that can decrease your business growth rate. This can lead to frustration.
Today worldwide entrepreneurs have started using a creative office style. Coworking is an innovative style of work that involves a shared working space where people belonging from different businesses can interact, cooperate and work together. Coworking has become popular because working alone is boring.
Coworking has become popular in India. Many coworking spaces have opened up which provides all the required facilities to entrepreneurs at a cheaper cost. An entrepreneur can still think about cost cutting with the help of cowork spaces without his/her family interference.
What is so amazing about coworking?
Coworking offers several benefits which helps the business to grow in every possible way. Few of those benefits are stated below.
- Flexibility- Coworking makes working flexible. Such offices generally provide 24 hour access to its employees which allows them to work according to their convenience. Coworking seats makes it easier for an employee as he/she can sit anywhere in the office and do their work. Flexible working hours makes sure that an employee can work whenever he/she wants to.
- Forms a community- Coworking creates a community and a special relation between people in that office. Everyday you might get a chance to sit with your boss or maybe with someone from a different company. Coworking reduces the level of loneliness and increases the level of brotherhood.
- Networking opportunities- Working with various professionals and having regular interactions allows you to get innovative ideas. A sales team might choose a coworking space with a market research team whose guidance can help find ideas.
- Increases productivity- Coworking is slowly gaining popularity and all for good reasons. Friendly environment, innovative spaces, flexible working hours and freedom to sit anywhere are a few advantages of coworking that increases productivity of a business.
- Cheap office infrastructure and facilities- Coworking spaces provide cheap office infrastructure and facilities (meeting rooms, cafeteria etc). In India, Hustle Cowork provides a coworking seat at Rs.5000 per month along with other facilities such as meeting rooms, unlimited tea/coffee, high speed wifi connection etc.
- Encourages work life balance- Coworking spaces encourages work life balance by providing services such a room where people can nap or meditate, a gym, a gaming room for T.T, pool etc. Here people can relax and de-stress.
- Ease of commute- Mostly coworking spaces are located in central locations. These locations are well connected with major roads, highways and public transports. Proper connectivity to their offices makes coworkers happy and also their clients can easily identify their offices and meet them to discuss business.
- Encourages creativity- People at coworking offices are encouraged to share new ideas and get instant feedback. This helps them to collaborate with others which can often lead to new businesses or expansion.
- Less distractions- Coworking offices offers a platform where people can come and work for the whole day. They don’t have to worry about their family interference or get distracted by television and other home appliances. Every coworking space has certain noise rules due to which there are less distractions. Also people who don’t want to be disturbed can use private cabins provided at coworking spaces.
Coworking is an excellent alternative to home or traditional offices as it offers all the required resources at a lesser cost.