How Coworking Spaces Help Startups Grow
Coworking is fast becoming the new alternative for acquiring office spaces all over the world. With the number of freelance and work-from-home jobs available today, the coworking concept has increased by 15% across the Asia-Pacific region last year.
No longer exclusive to freelancers and shared desks, coworking has also been adapted by startup companies for how it provides spaces of comfort and convenience for their employees. But there’s more to coworking than just doing away with the traditional corporate environment. With the number of startups rising annually, many of which are opting to hold their operations in such office spaces, a new culture rapidly emerges in global entrepreneurship.
If you are intrigued by the benefits of coworking for startup companies, read on.
Most startups find it challenging to find an office space that fits their budget and can provide them with the proper amenities. Fortunately these days, lessors for coworking spaces are abundant and startups can easily find a suitable space according to their headcount and office needs. Some leases may be as ephemeral as two years, and others can be arranged for the long-term. Either way, opting to build your business in such a space can give you flexibility, not to mention a more conducive working environment that helps you operate your startup programs no matter how many heads you employ.
Entrepreneurship calls for the establishment of a solid network of clients, and startups can do well on this aspect when opting to hold office in coworking spaces. This is because most spaces in the niche are designed for networking and collaboration. Client meetings are more casual and relaxed when held in coworking spaces, and employees can also enjoy conversations without feeling too cramped. Most spaces also offer rooms for networking functions to build potential business contacts.
Initially, coworking spaces catered to freelancers who are looking to join a group of individuals who work independently. The culture has then broadened to startups, some of who rely on outsourcing requirements to freelancers. Most freelancers are already at home with the idea and this makes it easier for startups to build a roster of talents in their fold. Most freelancers outsourced by startups such as graphic design artists, copywriters, and even external experts may find these spaces less intimidating than the traditional corporate setting. This makes it easier for them to blend into the team given the casual atmosphere and a not too formal set up.
Room for development.
Young employees looking to develop their own expertise also have the opportunity to gain easier access to more experienced colleagues in a more casual environment. It is also not surprising that some coworking spaces are sometimes converted into venues for mentorship programs or workshops where industry leaders serve as resource persons. Startups can hold these kinds of events as they please to bolster their startup programs and appreciate their employees’ competences.
Startups and coworking spaces are really a match made in heaven and the demand for more spaces is soaring as more and more businesses are transitioning to this new culture of work environment and slowly breaking away from the traditional corporate set up.
If you’re interested in finding a coworking space, or want to learn more about the concept, you can reach us by clicking on the button below!