What is Coworking?
Coworking is when two or people are working in the same place together, but not for the same company.
Coworking is centered around a core set of values: Community, Openness, Collaboration, Accessibility, and Sustainability.
Google, Amazon, Twitter, and half of the Fortune 500 have utilized coworking locations.
Coworking spaces are generally dedicated to the fast growing workforce segment of people who work where, when, how, and why they want.
Space are furnished and Internet wired and ready.
Meeting rooms, breakout areas, quiet rooms, phone booths, and conference rooms are available as needed.
Membership usually includes goodies such as quality coffee, snacks, and networking events and parties.
Be inspired by the physical space – many Coworking locations place great emphasis on architecture, design, and settings.
Coworking spaces are generally open work areas made up of desks or tables.
Be inspired by others around you, and learn from those around you. There will be a great mix of people from all types of different industries.
Access to different space types: work at a desk or on the couch, make a phone call from a private booth, and show clients the latest update on the big screen in the conference room.
Coworking is Collaborative and Social
Sense of Community is very important to coworking spaces.
The better coworking spaces retain an in-house Community Manager who helps facilitate connections, relationships partnerships between the coworking space members. These introductions and connections often grow into mutually beneficial business opportunities and relationships.
Socializing, collaborating, and sharing ideas are highly encouraged.
Hosted parties and pitching events are common and help foster networking between members.
Working alongside likeminded professionals can help you achieve your own goals.
Networking! Networking! Networking! Coworking presents a great opportunity to meet fellow entrepreneurs in a social setting.
Collaborative environment. Need help? There’s a good chance another member can provide guidance. Learn from (and teach!) others around you.
Coworking is Good for your Business
None of the distractions that come from working from home or coffee shop.
Find business partners, increase sales, land new clients.
No need to worry about utilities, cleaning, infrastructure, or buildouts.
Private office spaces, conference rooms, quiet areas, breakout areas.
Open plan, modern environment.
Chill out! Many spaces have fun amenities such as ping-pong tables and video games.
Coworking is Financially Smart
Cost effective: pay only for the space you use.
Minimums as low as one month, one desk.
Flexible: expand (scale) space as needed
Facilities and infrastructure of a large office at a lower price.
Monthly leases, with charges all on one invoice: great for budgeting and financial planning.
Some Coworking Statistics
· 50% of all coworkers access their work space around the clock.
· 71% report a boost in creativity since joining a coworking space.
· 62% said their standard of work had improved in a coworking space.
· Almost 90% of coworkers report an increase in self-confidence.
· 70% of coworkers feel healthier than they did working in a traditional office.
· Between a third and half of all workers are flexible and mobile.
· 64 percent of coworkers are better able to complete tasks on time.
(From Deskmag’s annual Global Coworking Survey)
“Many employees are now measured by output and productivity, and not just 40 hours spent sitting at a desk. Workers and the companies for which they work are increasingly realizing that they need to provide and utilize a wide range of workplaces to accommodate an increasingly diverse workforce with very different expectations of what work is, and where and when it should happen.” Regus CEO Mark Dixon.