Networking within a Co-Working Space: The Benefits of Collaboration for your Business
There are multiple advantages in joining a co-working space. One of these main reasons is the opportunity for effective networking. Here are the following ways in which this unique environment will help your business succeed.
The nature of these spaces offers a far less competitive environment in comparison with a traditional business; this can lead to a far more supportive approach from your fellow co-workers. Communication with multiple people with a variety of knowledge and skills in your field of business can offer you a great deal of positive and beneficial advice.
As stated in the previous point, co-working spaces allow a variety of people of different professional backgrounds interact freely. This diversity not only brings new expertise to the table, but also offers a new perspective to old ideas. Having a fresh set of eyes observing an out of date procedure can help revive it by providing an original solution.
Being in a space occupied by like-minded professionals not only leads to fresh outlooks and good advice, it can also provide friendship and close connections with your fellow co-workers. Whether it be professional or personal, being around a supportive group with similar goals and ambitions can grow into valuable relationships.
As comes with making connections, opportunities will arise that can play a significantly beneficial and potentially profitable role in your company. Whether it be for business partnerships, leads, or ventures; communicating with the right people will open up doors that will help you strengthen your business and on the right track for success.
Co-working spaces give you the option to make connections and establish the quality of your business through its collaborative environment. And with these connections, obtaining valuable referrals is made simple. Using the space as a means of advertising is not only beneficial to you, but to your coworkers looking for the ideal candidate to refer their clients to.
With any new establishment, there are always numerous pros and cons concerning its effectiveness and efficiency as a workplace. Here are a few pros to recognize when considering moving your work to a coworking space.
This unconventional workspace offers various perks that provide the worker with a more productive environment. Here are the primary benefits:
Better Time Management
Independent professionals are the foundation of these spaces; working without defined management is expected. Learning how to best maintain your time is crucial to your success in these coworking spaces. By developing this skill, your efficiency within these organizations will not only improve, but your time management skills within any capacity will as well.
Less Obligation/Less Stress
Unlike a traditional office, the atmosphere of coworking spaces are often more laid-back and easygoing. And with the independence to work freely, the overall environment leads to a far less stressful workplace. Depending on your profession, a coworking space offers an open area with no harsh deadlines or quotas that traditional spaces may require.
Although coworking spaces still require a professional appearance, the seemingly uptight environment which is often experienced in a traditional office is not present within these spaces. With a greater emphasis on communication and collaboration, a more casual atmosphere is far more prevalent within coworking.
One of the major perks of coworking spaces is what makes them a truly unique option is the networking opportunities it brings about. The collaborative environment offers people the experience to work together to inspire and brainstorm ideas to better help you thrive in your profession. Aside from the work itself, being amongst a group of other professionals not only helps you meet and associate with relevant people, but it creates a strong community of like-minded professionals.
Cheaper than Private Office
Even with the membership fees and taxed supplies, working within these spaces is significantly cheaper then owning or renting another office space. With the exception of working from home, the fees of these spaces are less of a financial commitment as the lease of renting a traditional office space.
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Co working spaces vary; some are specifically created for a collaborative workplace, others may be community lots which can be re-purposed for workers. Although each of these lots differ from each other in their policies and operations, they are often financed by membership fees or various taxed office supplies.
There is no specific location for these spaces, but they usually can be found near cities or other highly populated areas. As these are often advertised as such, locating these spaces requires only a simple google search or searching within a citywide website that identifies these office spaces. As each of these are different, check out their website to see which one best fits your needs.
Almost all professions are open to using these spaces; however, some are more common than others. Startup businesses, freelancers, corporations, and entrepreneurs most frequently occupy these spaces. Although many other professionals will use this area for their organization.
Although difficult to predict, there has been a significant rise in coworking spaces. Based on the success of these spaces, we can see a clear shift toward an unconventional work environment. However, many careers are most effectively practiced in a traditional setting. As many professions require a conventional workplace, it is unlikely to see coworking spaces take over the majority of traditionally organized businesses. Yet careers that allow their employees to work from home can thrive under this environment will continue to increase the availability of these spaces. And the demand is sure to continue growing as more and more employers embrace a willingness to hire remote workers.