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How Coworking Spaces are ideal for Entrepreneurs

UPDATED ON

October 2, 2020

Parth shah
Contributing Writer

The perks of owning a business are what’s attracting more and more professionals today to choose entrepreneurship over a safe and secure 9to5 job. No time restrictions, getting to be your own boss, no restrictions on insane ideas and experiments, and the list goes on. Individuals that have embarked upon the entrepreneurial journey recently know exactly what I am talking about.

But as soon as the honeymoon phase of this excitement starts vanishing, the real responsibilities of being an entrepreneur emerge. Here, I’m sure, the entrepreneurs with some experience will nod their heads in absolute agreement. Entrepreneurship isn’t all about being free from restrictions, rather it is about taking up a whole lot of responsibilities and getting yourself into some serious commitments.

And to fulfil these commitments, Entrepreneurs seek an environment that let them effortlessly put their ‘work-mode’ on and focus on getting tasks accomplished. And Coworking Spaces provide just the right kind of environment that fosters dedication and high-spirited energy. So, can it be rightly said that these shared office spaces are exactly what Entrepreneurs are looking for in an office space? Let’s dive a little deeper into the idea.

Table of Contents

What do Entrepreneurs expect from a work environment?

  1. An environment that supports quick and rapid business growth
  2. Space that emits positivity and keeps the team motivated
  3. A space that reflects their vision for the company
  4. A workspace that provides privacy and personal space
  5. Business support and aid in operational functions
  6. Networking opportunities and room for collaborations

How do Coworking Spaces facilitate Entrepreneurial needs?

No Capital Investment & Easy Expansion

To start with, Coworking Spaces relieve entrepreneurs of the heavy capital investment needed to operate from a private office space. This leads to a huge pressure off their shoulders since they are already full with a lot more on their plate. Besides this, Coworking Spaces also facilitate easy expansion plans for business growth in terms of space.

Vibrant Ambience and Synergy

Shared offices spaces are meant to create a vibrant and energetic ambience for its community. Spaces are designed keeping in mind the need to motivate and support an innovative environment and keep the spirits high. An entrepreneur would always want to place the team in a similar kind of environment. Workspace these days also consider utility-driven corners such as breakout zones, sleeping pods, private discussion zones, etc.

Customized & Managed Office Spaces

Entrepreneur would want their workspace to represent their vision for the company and their commitment towards the team. Coworking Spaces provide customizable space options that can be designed in a way that speaks of their brand and its ideology. From wallpapers to customized layouts, private areas can be designed in a way that can accommodate the Start-up’s requirements.

A Pool of Talented Individuals

Coworking Spaces act as a platform for people from varied industries to work together and utilize the available talent in the best possible manner that benefits all. For entrepreneurs, such an environment is very advantageous as it gives them access to highly talented individuals and freelancers to work with. Collaboration is the key to any successful idea and coworking spaces run on this philosophy.

Zero Operational Headaches

Since starting a business of your own isn’t a child’s play, shared office spaces help entrepreneurs focus on the core areas of their business instead of getting into the operational headache. The entire up-keeping of the office space is taken care off by the space providers, including the technical aspects and community members are provided with 24*7 operational and technical support in case of any troubles they face within the workspace.

Networking Opportunities

Coworking Spaces make sure they conduct regular events and activities that help their community members stay connected and also try to facilitate networking opportunities to benefit their businesses. With the right set of connects within the community, entrepreneurs can easily collaborate with other businesses and focus on growth. Coworking Spaces with the right kind of network can be extremely beneficial for the business.

Having said that, there are many other perks of operating from a Coworking Space if you have a Startup or have just joined the Entrepreneurial force. Shared Office Spaces provide a great environment and make your journey worthwhile. With like-minded individuals and the right set of mentors around, your business can grow leaps and bounds within a short time period. All you have to do is choose the right kind of space for your business and let the power of a vibrant community run its magic over you.

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written by :
Parth shah

With 10 years of experience in operations and training, Parth is a go-to person for his team and even a multitude of growing start-ups. His knack lies at spotting and supporting start-ups, helping them streamline their processes and even take their ventures to the next level. After successfully establishing two start-ups and exploring the start-up landscape up-close Parth has learnt the nitty-gritty of the industry, which he now shares with fellow entrepreneurs.

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