If you thought co-working was just for freelancers, think again. The benefits of co-working are numerous and can be enjoyed by teams of larger businesses too.
Whether you’re an entrepreneur yourself, or looking to move one of your teams into new office space, coworking space is an option you should seriously consider. Building a base in a flourishing environment alongside other successful businesses in a co working hub can have many unexpected advantages for your team and your business.
We’ve put together some of the key advantages of co-working and shared office space.
1. Expand your business and network
Co-working allows you to broaden your network organically, which will in turn attract more business and help to promote your business through word of mouth in a natural manner.
2. Motivation to work more productively
Being surrounded by other dynamic like-minded people can be extremely motivating. For remote workers who have been working from home, coworking space often has fewer distractions, so you may also see increases in productivity and work rate.
3. Broaden your talent spotting opportunities
The extended networks that co-workers enjoy will not only bring new business opportunities and clients, but will also grow your talent pool. Working alongside other professionals allows you to find talented and motivated staff for your own team – and by sitting with them and speaking to them every day, you’ll be in the know about when they are looking to make their next career move.
4. A better work life balance
Whilst juggling business and home life, it is important to ensure you and your employees have the correct balance. The lines can often blur for home workers, particularly if there is no dedicated home office or workspace. A separate office space away from home can help bring a better balance between work life and personal life.
5. Working independently doesn't have to be lonely
Entrepreneurs and small business owners, like freelancers, often work alone. But this should not mean that you have to work in a lonely environment. Co-working spaces provide a unique opportunity for individuals working independently to still enjoy the office culture, and in turn keep the morale and productivity levels high.
6. A cost effective office space solution
Co-working spaces are a very cost effective workspace solution. Sharing office space means sharing bills, and most coworking spaces offer a combined package with many more facilities than a home office can offer, including access to professional meeting rooms in which to host client meetings. Co working spaces are cheaper and easier than maintaining your own office space, with no facilities management to worry about.
7. Grow your business and team
Entrepreneurs and small business owners can often find they are unable to take on larger contracts due to capacity and therefore are forced to miss out on opportunities. Co-working spaces enable you to build relationships with other professionals, and develop trust. These trusted relationships can lead collaborations on projects that are too large to take on independently. Coworking spaces also offer the flexibility to grow your team without having to move to a bigger office.
8. Welcome national and international business opportunities
Avoid tying your business down to one place by signing a long term lease. If opportunities arise to take on national or international business, you don’t need to worry about spreading your wings. Co working space can be a great way to introduce your business to a new region and immediately access an established support network of other business professionals.
9. Take yourself seriously and in turn be taken seriously
Home working doesn’t mean you’ll be taken less seriously. However, some individuals find that moving to a co-working space helps them professionalise their business image. Access to free parking and meeting rooms arejust some of the practical benefits. And being able to meet clients in plush professional surroundings gives a much better first impression than meeting at your local coffee shop.
6. Cost effective
Digital nomads can often be seen in your local coffee shop, utilising the free wifi while topping up their caffiene levels. Finding a comfortable spot can often be tricky and feeling obliged to drink coffee all day can result in a serious caffeine addition and an empty wallet! Co-working spaces save time that would be wasted on finding the perfect spot for the day. And at the best co-working spaces, the coffee is free!
Fancy giving coworking a try?
Carrwood Park offers some of the most luxurious first-class coworking space in Leeds, with free parking, access to meeting rooms in Leeds and free coffee on tap. Our hot desking service provides maximum flexibility.
Why not read this co working testimonial from one of our clients and come visit us to take a look around?
