Feb 21, 2018
Come Republic Day, come freedom for small companies and startups in India, this year. The government of India or the…
The days when we used to work in set offices belonging to a single company are quickly coming to a close. Offices belonging exclusively to one company are becoming a thing of the past, mostly due to the rise of co-working. There are many reasons why co-working offices have increased in popularity, whether it’s money constraints, a search for a more creative office or even as a convenience. Shared workspaces are especially popular among freelancers, independent workers, consultants and small enterprises. Here are a few of the reasons listed below.
Every answer begins with a question. The question asked here is “Why the rise in co-working spaces?” There are many different reasons as to why this is happening. Here are five reasons why
Co-working spaces are growing in popularity.
1> First and foremost is the rise in start-ups and small businesses. When you’re a new company, capital is at a premium. The endless effort in setting up and ensuring success, to the rigorous search for investment, sparing the money to lease an office space is a burden on most start-ups. Generally speaking, office spaces are mostly located in premium localities, making the price for workspace rentals prohibitively expensive.
2> The second reason for the increased interest in co-working spaces ties in to the first one.
Renting or leasing office space, especially one that meets your needs is a daunting prospect.
You have to find the right one location-wise, size-wise and one that fits your style. What makes this even more troublesome is that you’re locked in to a rental or lease agreement for a specific period of time, whether it’s a year or more.
3> Offices generally follow a one-dimensional structure, like a top-down work structure. Co-working spaces on the other hand encourage creative workflow, collaboration and more importantly, networking and “career fluidity” as Anne Kreamer, a writer for the Harvard
Business Review described it.
4> Co-working office spaces also come with many benefits. You get plenty of opportunities to share ideas, communicate effectively with others, collaborate on projects with your co-workers and brainstorm when you need to.
5> Another positive of co-working spaces is that they are incredibly flexible. They can be designed according to what a company needs and, the layout of the office can be changed as needed too. Co-working spaces are also flexible in their rental agreements, whether it’s for a day, week, month or year.
There is so much more to a co-working office. Increased productivity, better networking, more creativity and a higher level of freedom compared to a traditional workspace are even more reasons for enterprises and freelancers to go the co-working route!
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