The advantages of coworking are well-documented. However, research conducted by the Harvard Business Review unveiled some intriguing new information about coworking spaces and how they play an crucially in boosting confidence of professionals.
Coworking has become something of the latest buzzword and a plethora of articles appearing with the topic’s most known benefits — we’ve even covered them in discussions about whether flexible workspaces will be around for the long haul. It’s a fact They are.
Since the very first coworking facility opened in 2005, a multitude of coworking spaces have opened all over the world and the forecast is to reach over 41,000 coworking facilities by 2024 according to Statista. Since this trend is growing at a rapid pace, and is not declining, we’ll look at the findings and review the advantages that are driving the demand for coworking space.
There are many advantages of using a coworking space Finsbury Park, including post- and prior-pandemic which business managers and owners are aware of. Along with the obvious advantages coworking is able to alter the way people perceive you within and outside your business. According to the Harvard Business Review (HBR) states that coworking can change the way that you — as well as your employees view your work.
The study revealed that flexible workspaces possess the ability to alter your professional appearance to your advantage. For some, this may seem a bit odd, particularly people who believe that a space is just a place and an office is only an office. Coworking is a place which goes beyond the walls — or lack of them.
The HBR study which was conducted at the beginning of 2017 to the close of 2018, revealed:
“At the most basic level coworking is a product that makes it easier for users to using a workspace and accessing it. But, it’s also a social service which fosters a sense belonging to the members.”
The advantages of coworking spaces include:
1. Enhancing the relevance of your business and impressing clients
In the Harvard Business Review reported that “coworking spaces can help businesses that are just starting out get a good impression on potential clients”. One respondent even moved to WeWork to revamp her business’s image and demonstrate to clients that she was open and willing to changing.
A different respondent also said that coworking spaces can be a great option to appear “energetic and futuristic instead of boring and stagnant within the present”.
2. Increasing legitimacy for startups
One of the greatest advantages coworking spaces offer startups is the ability to provide the entrepreneurs with a business address in a desirable location, without the cost which comes with a luxurious city-centre office. A prestigious address in a common business location and not a home address, creates a sense confidence and “pride as well as confidence”.
“Coworking spaces provide workers with an impression of professionalism and legitimacy that traditional remote working doesn’t” The study concluded. Work from an actual office, instead of an open kitchen table, instantly confers credibility and credibility to customers, creating an impression of “a serious employee”.
3. Feeling valued by employees
Because you’ll pay for every desk space you use that’s effectively paying for your employees to be an employee of the coworking area. With the facilities and perks offered by these kinds of spaces your employees are sure to feel valued and feel that their needs are being considered seriously.
According to the poll, one participant who works within a satellite location that is outside of the corporate headquarters and explained: “We’re a bit of an outpost. But, we know that it’s a sign that we’re significant and worthy of the money they’re paying to keep us in an office environment.”
4. Increased productivity
Many workers chose to shift to freelance work after the pandemic hit. People Per Hour reporting a record 1.5 million new freelancers registered on the platform in March 2020 at the time that the pandemic struck. While it’s feasible to work at the comfort of your home, it is not without numerous distracting factors. The blurred lines between work and private life can get worse as it’s much easier to do a quick run through a few tasks that are essential to your daily routine such as washing the dishes in the time you work.
Moving into an office is, however, a way to free yourself from distractions at home which allows you to focus only on your work. Coworking spaces are created to maximize productivity and are able to accommodate a variety of working styles and providing different backdrops, desks, as well as meeting spaces that are suited to those who work.
5. Flexible working arrangements
Instead of a strict working schedule that requires employees to work according to set working hours coworking spaces allow for the flexibility of. Businesses can begin and finish their work on an hour that is suitable for their employees and themselves most. If you’re an entrepreneur who just requires a meeting room and desk for just a couple of hours You can make use of flexible office spaces and reserve an entire day, at any time you’re in need.
6. Opportunities for networking
Because of the nature of coworking spaces, freelancers, entrepreneurs and companies work in close proximity, which makes networking extremely easy and expanding the possibility of having a talent pool for you to select from. If you’re in the same field or not, you’ll can gain knowledge from other colleagues. You might meet the graphic designer freelance that your company requires while drinking your morning cup of coffee. Coworking spaces are likely to host events for the entire building which makes it easier to build relationships with the people who work alongside you.
7. Access to common facilities
As we’ve mentioned coworking spaces generally provide free events to all their customers. In addition to this, it’s likely the office you work in will also be staffed. The office space includes amenities like furniture, WiFi, subsidised food and drinks for employees and employees to take advantage of. The company won’t have to worry about providing these amenities for your office that your employees anticipate, which means you can use your budget for other areas in your enterprise.
8. Community feeling
Even when you’re in the small group or working as a freelancer on your own coworking spaces will ensure you’re never completely in a space that is completely yours. With spacious desks and a flexible layout for work it’s likely that you’ll be involved in the hustle of your day -unless obviously, you opt working in a specific room for focus or a separate meeting space.
The presence of a variety of professional and business owners who are working in the same building will naturally give you an atmosphere of belonging and community offering you a back-up system that you can rely on if require it.
9. Flexible office contract
One of the most difficult aspects when you own an office of your own is determining how much space your staff and you really require. What is the situation if you’re tied to the lease of your company and it has grown in size? Rearranging and moving your office only gets you to a certain point.
Entrepreneurs and startups who aren’t certain of their workforce will look like in three, four or five years coworking spaces permit you to pay only for the space you’ll need. This gives your workspace the chance to grow and adapt to the needs of the needs of your business. The rightizing of your office space means that you’re never without a dime and you pay only for the space you require and utilize.
10. Widespread access
If you love traveling and don’t want to miss working, coworking spaces can allow you to achieve the balance between work and life. Instead of setting up in an establishment in the town or city you’re in, you can quickly reserve a desk in coworking spaces to give you the office feel that you need to be focused. Flexible office spaces give members access to offices across the nation, giving the ability to travel wherever you want but without compromising any quality work.
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