The Kickass Entrepreneur
  • About
  • Blog
    • All Blogs
    • Create Wealth (Investing)
    • Entrepreneur Interviews
    • Featured Top Posts
    • Growing Profits
    • Growing Revenues
    • Marketing
    • Positive State of Mind
    • Real Estate Investing
    • Retirement
    • Sales
    • Selling your Business
  • Book
  • Courses
  • Podcast
  • Resources
  • Contact
The Kickass Entrepreneur
Subscribe
The Kickass Entrepreneur
  • About
  • Blog
    • All Blogs
    • Create Wealth (Investing)
    • Entrepreneur Interviews
    • Featured Top Posts
    • Growing Profits
    • Growing Revenues
    • Marketing
    • Positive State of Mind
    • Real Estate Investing
    • Retirement
    • Sales
    • Selling your Business
  • Book
  • Courses
  • Podcast
  • Resources
  • Contact
  • All Blogs

8 Reasons Coworking Spaces Are Ideal For Startups

  • June 24, 2021
  • 2.1K views
  • 5 minute read
  • Ashley Jenkins
associates working
Share
Tweet
Share

Coworking is a growing trend in acquiring office space where employees from different companies use the same office space.

8 Reasons Coworking Spaces Are Ideal For Startups

Shared working spaces can provide you a full suite of office essentials, such as private meeting rooms, coffee areas, hot desks, and kitchens, among others. This shared work environment helps your workers to meet, network, collaborate on projects, and share ideas. 

Apart from startups loving to use coworking spaces, you can use a shared workspace if you’re a freelancer or a remote worker. Since the demand for space can be need-based, then having a pay-as-you-use type of structure may be the best bet for your organization. 

When you’re looking for a coworking space for your startup, it’s good to look for a serviced office space that will take you the least time to organize. A come-in-and-use type of space can save you time and money.

This article gives you some critical reasons why having a coworking space for your startup might be the best option for you. 

1. It’s Flexible

In most cases, coworking spaces aren’t meant to be a forever arrangement. It may take a few months or several years as you give your startup business time to grow to the place where you have financial muscles to rent an independent space.

This means that, at the time of leaving the shared office, it will be a smooth transition. 

All you may need to do is to give your landlord maybe a month’s notice, and you’re ready to leave.

There is no requirement to park your furniture for transport to the new location or have to sell it.

You also don’t need to cancel subscribed services, such as Internet, phone, or have to look for a replacement for your lease. 

2. Enjoys A Big Family

Coworking spaces invest in the welfare and the success of their occupants. The focus is to build and develop a community and grow together.

Coworking spaces endeavor to make a home for businesses and the people occupying them.

Apart from a conducive environment for work, you can enjoy organized initiatives and events for leisure for your workers. 

In coworking spaces, it’s easy to establish good connections with other industries occupying the same space, which could result in business opportunities in the future.

A coworking setup avails a chance to have mentor relationships and collaboration because you’re surrounded by people of different academic backgrounds and gifts, and you can benefit from their knowledge as they benefit from yours as well. 

3. Affordable

It’s economically viable to have a shared working space as opposed to renting an entire office floor or block for your startup company.

The overhead costs of the space are divided by all parties renting the space. The good thing with shared offices is that the cost is all included in one price.

Included in the monthly rental fee, maybe high-speed internet access, heating and lighting systems, desks, and furniture, while other expenses such as taxes and property fees are shared across.

Some added advantages might be free coffee. If you were to set up all these by yourself and choose the supplier, the overhead costs would shoot up way beyond the ability of your business to manage.

This means that coworking spaces may be the only option to give you the best deal.  

4. There Is an Existing Office Culture

It’s not a surprise to hear employers talk about great workplace culture. Luckily, you can benefit from the existing community in a coworking environment which already has a workplace culture.

What you need to do is identify the right culture you need for your business. 

Your company also enjoys a well-rounded range of diverse influential people around you.

In case you’re doing freelance work, working among other freelancers who work with different patterns can help you learn the values of work-life balance. 

5. You Can Have a Private Office

After some time, your business may grow its revenues to a good amount which can help you rent a private room still in the coworking space.

It’s not always the case that a shared office should be one large room, but there could be private rooms with shared utilities, such as Internet, kitchen, and washrooms. 

Even though it’s a private room, the cost is still lower compared to the normal office setups, and you’re able to have a fully equipped space, isolated and with access to other shared services. 

6. Motivation

A coworking environment can help you experience the intangible feeling of motivation. Working from your home may be tempting to be undisciplined and demotivated.

If you’re like any other business startup founder or freelancer, you may find it challenging to keep yourself from the distractions of working from home.

Thus, a certain level of culture and structure to reflect an office setup may be very indispensable, which you can get in a coworking space. 

Therefore, starting to work from a coworking area can help you establish a routine that is similar to an office environment and help you be focused on your work.

Moreover, you may find yourself working among other motivated, successful, and self-driven individuals who can be resourceful to you on how you can manage yourself for maximum productivity.

Generally, working in such situations may make you more productive, unlike working at home

7. Avenue For Social Interaction

Besides networking and motivation that you can get while in a coworking environment, you can also be able to deal with loneliness due to the lack of people to interact with, which is a common aspect of freelancers.

Having many hours alone may be depressing, especially if you’re an outgoing person. Thus, the only way to counter loneliness would be relocating to a coworking space. 

8. Creates A Professional Office Space

Most startups are begun at home. However, you may find that this environment isn’t suitable any longer.

Some clients may be uncomfortable having business meetings at restaurants or coffee shops.

Therefore, renting space in a coworking space creates a professional environment where you can hold your product or services business meetings with your clients. 

Conclusion

Starting a business might be the most stressful thing you may encounter as a business person. In the early years of your startup, you need to save as much money as possible so that you can allow time for your business to grow.

One way to save on costs is through renting a coworking space which helps you to network, share business running costs, keeps you motivated, and offers flexibility when you want to relocate, among others. 

Thank you for your interest in THE KICKASS ENTREPRENEUR'S GUIDE TO INVESTING. Three Simple Steps to Build Massive Wealth with your Business's Profits. Please check your email to confirm the book download. Form: 400529

There was an error submitting your subscription. Please try again.

Related Posts:

  • Why startups fail? Seven not-so-obvious reasons
  • The Top 3 Reasons Why Startups and Businesses Fail and What You Can Do To…
  • 5 Event Management Tools for Co working Spaces
  • How to Design the Ideal Home Office
  • The Genesis GV80 Is Ideal for Business
  • Are Payday Loans Ideal to Finance Your Startup Business?
Share
Tweet
Share
Ashley Jenkins

Ashley is, first and foremost, a mom to an amazing young son and a wife. Ashley has started and sold a couple of small companies over the last many years, and now has decided to take some time off to spend time with her family, and raising her son. Ashley managed a team of 11 staff and intends to start another business shortly. Ashley is an avid saver and investor and is knowledgable about not only entrepreneurship but, also investing.

Previous Article
man holding a phone
  • All Blogs

Best Mobile Testing Tools Are Simulators Emulators and Real Devices

  • June 24, 2021
  • Ashley Jenkins
View Post
Next Article
money counting
  • All Blogs

7 Factors to Consider When Choosing a Business Loan

  • June 24, 2021
  • Ashley Jenkins
View Post
You May Also Like
Lawyer and accountant small business
View Post
  • All Blogs

The 8 Reasons Your SME Might Need a Lawyer

  • February 24, 2023
  • Meg Rivera
online casino
View Post
  • All Blogs

What are online games doing to standout from competitors?

  • February 21, 2023
  • Meg Rivera
Enjoying Retirement
View Post
  • All Blogs

Top 10 Best Places to Spend Your Summer Workstation

  • February 9, 2023
  • Meg Rivera
Investing in Multifamily Properties
View Post
  • All Blogs

How to Choose the Right Neighborhood for Your Family: A Guide to Making the Perfect Choice

  • February 7, 2023
  • Meg Rivera
home
View Post
  • All Blogs

6 Ways To Speed Up Your Home Remodel

  • January 31, 2023
  • Frances
medical form
View Post
  • All Blogs

How Can You Win Your Medical Malpractice Case With The Right Lawyer?

  • January 24, 2023
  • Meg Rivera
volkswagen
View Post
  • All Blogs

Volkswagen VIN Decoder and How Useful It can be

  • January 20, 2023
  • Meg Rivera
mom and baby
View Post
  • All Blogs

Introducing Your New Baby To An Older Sibling: Understanding The Psychology Of Sibling Rivalry

  • January 10, 2023
  • Frances

Join 6,472 Entrepreneurs That Get My Business Building and Wealth Creation Posts by Email

I can teach you how to build a successful, profitable business, and turn that into millions in personal wealth.

Thank you for your interest in THE KICKASS ENTREPRENEUR'S GUIDE TO INVESTING. Three Simple Steps to Build Massive Wealth with your Business's Profits. Please check your email to confirm the book download. Form: 400529

There was an error submitting your subscription. Please try again.

We won’t send you spam. Unsubscribe at any time.

Recent Posts
  • Logistics Software 1
    Accelerating Your Business Growth: The Role of Logistics Software Development
    • March 20, 2023
  • crude oil 2
    Energy Futures: What to expect in 2023
    • March 17, 2023
  • man writing on board 3
    What is the Difference: Lead Scoring vs. Nurturing
    • March 17, 2023
  • group session 4
    Managing Wealth: 4 Reasons You Need to Opt for a Money Management Company
    • March 17, 2023
  • BUSINESS 5
    Planning to Start a New Business Abroad? These 11 Tips Might Help!
    • March 16, 2023
Featured Posts
  • Become a Decamillionaire
    How to Become a Decamillionaire, Grow your Net Worth to $10 Million, and Join the 1% Club
  • how to become wealthy
    The Entrepreneur’s Secret to How to Become Wealthy and Build a Personal Fortune
  • Most Profitable Small Businesses
    27 of the Most Profitable Small Businesses to Open in 2023
Categories
  • All Blogs (1,034)
  • Business (220)
  • Canadian Financial Products (4)
  • Create Wealth (Investing) (131)
  • Entrepreneur Interviews (25)
  • Featured Post for Main Menu (4)
  • Featured Top Posts (23)
  • Finance (55)
  • Financial and Investment Calculators and Economic Data (114)
  • Fitness (5)
  • Growing Profits (72)
  • Growing Revenues (115)
  • Growing Revenues (70)
  • Marketing (139)
  • Millionaire and Business owner interviews (3)
  • Positive State of Mind (68)
  • Real Estate Investing (17)
  • Retirement (13)
  • Reviews (12)
  • Sales (15)
  • Sell Me This Pen (8)
  • Selling your Business (13)
  • Starting a Business (1)
  • Startup Ideas (14)
  • Technology (112)
  • Top Products (4)
  • Uncategorized (54)
Follow us
Author
Jeff Wiener
Jeff sold his company to private equity in 2017 and is now semi-retired. Jeff spends time…

    CHECK OUT MY BLOG, AND SUBSCRIBE

    about
    The Kickass Entrepreneur

    Expand Your Business, Improve Profits, Create Wealth

    Expand your business, improve your profits, and create wealth. Each one of the three can be elusive goals. Follow the right steps, and you, too, can create financial independence. It is possible … you just have to take the right steps.
    NAVIGATION
    • About
    • Blog
      • All Blogs
      • Create Wealth (Investing)
      • Entrepreneur Interviews
      • Featured Top Posts
      • Growing Profits
      • Growing Revenues
      • Marketing
      • Positive State of Mind
      • Real Estate Investing
      • Retirement
      • Sales
      • Selling your Business
    • Book
    • Courses
    • Podcast
    • Resources
    • Contact
    TAGS
    apartment BATNA Business business failure business growth business sale Capitalization Rate CAP Rate cash cash flow Creating Wealth Discipline entrepreneur entrepreneurship excel extra cash Featured goal setting Growing Business investing investment real estate M&A marketing Marketing KPIs Mergers and Acquisitions | M&A | Entrepreneur Blog Millionaire millionaire next door mistakes MUR Peter Principle Profit profitability real estate retirement revenue Revenues sales sales management Semi-Retirement Blog | Entrepreneur Blog | Small Business Blog small business Stagnant stocks success Thomas Stanley wealth
    RECENT ARTICLES
    • crude oil
      Energy Futures: What to expect in 2023
      • March 17, 2023
    • deck of folders with insurance word on it
      Tips for choosing the right auto insurance coverage
      • February 17, 2023
    • holding laptop
      Tackling pros and cons of virtual reality tours when buying and selling houses
      • February 9, 2023
    • Rising gold prices concept. Investment in precious metals in the stock market
      The Pros And Cons Of Investing In Precious Metals
      • February 9, 2023
    • man looking at his tablet
      These Are The 7 Mistakes Six-Figure Earners Make
      • January 7, 2023
    • starting your own business
      6 Must-Know Tips For Starting Your Own Business
      • January 1, 2023
    The Kickass Entrepreneur
    • Coaching
    • Book
    • Blog
    • Contact
    • Privacy Policy
    • Terms
    • Disclaimer
    • Facebook
    • LinkedIn

    Input your search keywords and press Enter.