Hopefully, you are familiar with the many benefits that come from working in coworking spaces and coworking spaces. From meeting fellow business professionals to working on independently funded projects, a coworking space can be a shared place for individuals with different business ideas to come together and learn from each other. While you will work on varying projects, coworking spaces surround you with like-minded individuals who share your desire for an independent lifestyle. In short, coworking is when people gather together in a neutral space to work on different things, either alone or in groups, all working on the same project.
Coworking means that people from a variety of businesses gather to collaborate on work together in shared spaces. Coworking is essentially an arrangement in which people from various businesses and work backgrounds share a space at the office, where they can all work together. Coworking is defined as sharing an office space by (usually) independent, self-employed professionals that want to work together in a shared, collaborative environment instead of the traditional employee-only office. Coworking spaces offer a space for small businesses, independent contractors, and other workers to do their jobs, network, and engage with local business communities.
Coworking spaces are being adopted by more big companies, looking to remove costs of underutilized, vacant office spaces, while giving employees greater flexibility about when and where to work. Smaller businesses, that do not need as much overhead as traditional leasing, are also flocking to coworking. Many coworking companies also offer private office spaces, giving you the benefits of having your own space, without a long-term lease.
Shared office space in Melbourne provide businesses with the option of renting just one desk, one office, or a pair of offices, without having to fork over significant funds for an entire suite. Shared workspaces, or coworking spaces, provide cost-effective office space for businesses that do not require large amounts of real estate. From cost savings to increased collaborative opportunities, coworking spaces can be the perfect office, especially for smaller, growing businesses.
Also, when you are working in a coworking environment, you are exposed to opportunities and possibilities. According to research by the Harvard Business Review, people who work from a coworking space feel more in control of their job and see their work as more relevant, as well as feel part of a larger community. Plus, one well-known Harvard study found that being physically close to the people you are working with makes collaborations more influential, meaning bringing your team together in a single space could result in extra productivity. Collaborative, idea-generating teams are more likely to rate their collaboration experiences positively, implying working together makes the whole team happier.
From my own experience, there are myriad benefits of coworking spaces, from networking with people, having custom spaces for their teams, having enhanced amenities, and even benefits (great food, yes), available at your fingertips, and I believe that this is a win-win situation for founders, their teams, and their businesses, since working in a great environment decreases stress and increases productivity. That is why coworking spaces exist: to provide entrepreneurs and their teams with a vibrant environment and a fully equipped office space, without having to go through the trouble of setting up a whole office. When you are running your company from home in a coworking space, you are giving your employees much more breathing space to live their lives, all the while increasing the productivity of the work that they need to get done. If you are running a business that puts wellness, work-life balance, and employee happiness front and centre – and one that also needs to cut down on some overhead costs – then moving into a coworking space may be perfect for you.
Your budget will ultimately dictate what kind of coworking spaces are cost-effective for you and your team but think about how things could change as your business grows or shrinks: This is another area where having a coworking space with flexible rents could help. Make sure that the coworking space you select offers flexible, short-term office rentals, so that your business has the breathing room needed to weather unexpected situations and can scale easily up or down as the company grows.
A growing number of boutiques coworking spaces in unique, historic buildings around the country are offering businesses the opportunity to afford to work in incredible spaces. Now, coworking spaces are reaching out to a lot of different types of businesses: National coworking companies are valued at billions, while boutique spaces are offering unique, distinguished offices that are inspiring entrepreneurs and scaling businesses.
As more enterprise-level businesses ditch fixed offices, coworking is becoming a favoured option, some say, the best of both worlds. Yes, even major global enterprises, such as Nike, have been working with coworking companies to meet their workplace needs.
First, unlike traditional offices, coworking spaces are comprised of members working at various companies, businesses, and projects. Coworking spaces are generally not tied to any one office or company, but rather unite entrepreneurs and business professionals from a variety of different industries, businesses, and areas of expertise. Co-working spaces are designed to help the founders and leaders of these smaller businesses to connect with and work with one another to improve their production. Shared workspaces mainly serve smaller businesses, freelancers, and startups that do not have a lot of people working together.
Providing an option for what teams you may be working with at the shared workspace, allows you to match with startups who may be beneficial for your company, and vice-versa. Sharing the workspace with another startup can be a good thing for the co-creative entrepreneur. Connecting with others is the biggest reason why people pay for working in shared spaces, versus working at home for free or renting a nondescript office.
The broad array of businesses, roles, and personalities that are represented in a collaborative workspace can foster a volatile environment lacking in common courtesies that characterize traditional offices. Many of the business members at Eclat are also choosing to use the spaces for employees whose organizational roles are beyond the scope traditionally associated with a co-working space. It is not only low-budget startups taking advantage of coworking.