Entrepreneurs basically refer to a person who works for themselves, and if that works well they provide others with jobs too. Different types of professionals are required for the smooth running and growth of an economy and if we say that entrepreneurs play one of the most important roles for an economy, we would not be wrong about it.
So whether you are an enthusiastic young entrepreneur, or just starting out with a freelancing gig, you are in the business and so it is unlikely of you to have not heard about co-working spaces, but if you haven’t here’s a brief of what really a co-working space is: Co-working space basically refers to entrepreneurs, freelancers, creators and creative share the same space. This is such a big deal in the corporate world that not only co-working spaces have become a cult favourite among the new start-ups and creators but the multi-million corporate houses are too opting for co-working spaces than the regular corporate offices.
Here, in this article, we are going to discuss what does it actually means to be at a corporate space and why it has become such a preference the corporate space and more has importantly how these spaces have been inspiring new ideas and start-ups.
By collaborative workspace, we mean a space that caters and facilitates collaborative work and encourages such practices. But what does that even practically mean? That refers to the opportunity of you working with people that are in a business that is motivated and inspired like you are and may help you smooth out your supply chain.
Business networking is very important for any business. Imagine you are working at a co-working space and at the coffee counter you happen to meet this amazing entrepreneur, who has recently moved into your space and is running a start-up on providing advertising services and you were just looking to outsource the advertising work for your product, for a while now. And Wollah! You’ve found someone to do the job. In this scenario, not only this incident saved you time and effort but also provides you the opportunity to keep an eye on your outsourced work and be able to customize and get your work done under your eyesight but by someone else. On the bonus, you becoming a customer of a start-up that works on your building will gain both of the trust in each other. Hence likewise, work gets done, trust is built, time saved, all in one go, smoothly!
Like a lone man can’t survive on an island, no businesses can run alone! A co-working space is an office space shared by start-up owners, digital nomads, content creators, entrepreneurs, and other businesses. In such a space, your next desk neighbour can be your client, advisor, and advertiser, or perhaps even business partners! Co-working spaces do give you better exposure and a better chance for networking. As you might have heard, “network is one worth” both of these, contribute to getting higher opportunities, knowing more people, and expanding your reach, all while enjoying the benefits of a personalised space and perks of a personally owned office. Increased opportunities bring increased sales and increased sales yield increased profits.
Innovation, creativity are all fancy words for coming up with something new and different, something better than what already exists. And all that requires just a new idea! Or maybe a new perspective! But what is so difficult and frustrating about it is that it does not occur to you when you want it to. It is not straight, simple, and clean like math, you put the formula and you get the answer. Ideas and creativity do not function that way. People in pure creative business like Show business, music production, designing and even other business personalities who are looking to launch something new or who are looking to come up with something new, take a retreat, where they do not work, do not even think about work, basically, chill!
And then they come back recharged and start working on their project with new ideas, new approaches, and new vigor, because that’s how the brain functions! Eg: Steve Jobs
Apart from this classical retreat, people do attend business conferences which are basically large informal meetings, where different business persons, small and big, new and experienced, come together to discuss business and get inspired.
This may require you to spend a lot of money to become a member of such groups and then navigate and take a flight to where the conference is being held. What if we told you that the scene at these conferences and at a co-working space is all the same, the difference, however, is that the scale of such scenes may be smaller and you will not have to spend a penny?
If you are a content creator (for example) it could be enticing to keep working from home and for all good reasons, you should stick with it. But as you start to grow your reach and expand, it becomes difficult to accommodate your team at home and almost impossible to focus on your work with family, food, pets, and TV around.
Here is where a co-working space comes to your rescue and helps you smooth out your work-flow and increase your focus with which you can easily reach your to-dos and other goals.
Vast Talent Pool
A lot of groups, organisations, and businesses, not only gives you a chance to look into the behind the scenes of different businesses but also gives you a chance to levy other organization’s HR. I know! I know! It sounds like a cheat code. But don’t worry we are not going to tell you anything illegal. All we are saying is that it gives you chance to have an array of different persons, who hold expertise in different subjects and workers who may have a knack in a specific thing or a newbie who is too good for
Aesthetics & Mood
Whether you are an entrepreneur or a creator or an employee, all of us are affected by the gloom of the day. We get innately happy when we are surrounded by a scenic landscape. Have you noticed why we are so receptive to the environment around us? In the same way, we are affected when our environment is favourable. So in a co-working environment, you get the opportunity to design the space as per your creativity and imagination. Not only this kind of work setting gives you a chance to create an impression on your investor and clients by giving your space your personal touch but also keeps you and your team motivated to keep striving for the better. Despite this factor, not being such a popular topic to discuss when co-working spaces are discussed, but this is a prime factor why people switch from the traditional office, even if they can afford it.
Perfect Work-Life Balance
Co-working spaces are the perfect examples of spaces for work that cater to other aspects of life. The perfect work-life balance is the key to a successful career and a profitable business. Traveling to offices through rush-hour commutes, staggering through deadlines and long tiring hours of work reduces overall productivity. If in this situation you get a home-like office or even an office near to your home. With co-working spaces, you can get both and enjoy the best of both worlds.
At co-working spaces, many different business professionals come together and work at the same space, there are different events that take place throughout the day and on weekends just to make everyone and every group get comfortable with people working there, with people and groups coming and going, these warm-up events keep taking place throughout. Also working around so many business professionals and other business houses keep you motivated and inspired to keep working harder and striving higher.
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