What is coworking? If you haven’t heard the latest buzz hailing all the way from the USA, you need to. Coworking has been a hot new trend for a number of years and it is firing up the minds of entrepreneurs around the world.
According to the Harvard Business Review, people thrive in coworking spaces because they are more likely to see their work as meaningful, and since they are working alongside a range of different entrepreneurs from various backgrounds, there is less internal politics and
they don’t feel they have to put on a work persona to fit in.
There are many benefits of coworking and many people believe that it will transform the modern workplace and provide remote workers with the ability to join a community and network with other entrepreneurs.
In this article we will tackle the big question, ‘What is Coworking?‘ and we will discuss some of the factors driving its adoption, and the reasons why you need to sign up to one.
What is Coworking?
In short, coworking is when individuals and businesses working on their own projects, share a building space. Because of the prevalence of digital technologies that facilitates communication and collaboration, this trend will only continue to rise.
A search for ‘coworking space near me‘ brings up more than a dozen spaces that each have their own office styles, price points and available amenities.
Coworking spaces vary in size and price. Our list of coworking spaces in Leeds reflects this, with each space having a unique design with common amenities.
Most coworking spaces offer super fast WiFi, a printer and free drinking water, are standard. Depending on one’s working style and needs, there are various pricing options available.
These include a monthly coworking hotdesk, a dedicated desk, or even a private office and meeting rooms.
Why are coworking spaces popular?
For those who have started an online business, and have worked from home, a library or Starbucks, you know that there are benefits and drawbacks to all these spaces.
Libraries often have decent WiFi, but what happens when you want to get a drink of water, some coffee or heaven forbid the toilet? Having to repack your most valuable possessions to use these facilities can break the flow of work and this can decrease your productivity. But that’s what home is for, right? Often, though, the distractions and comforts of home can sometimes prevent you from doing serious work. That’s where coworking spaces come in.
By separating your home and work life, you can focus on work in a work-like space, while keeping basic amenities close by.
Coworking spaces also make it possible for a young entrepreneur or business owner to have meetings of any kind; whether it’s with an investor or new client.
In-person, Skype, telephone, all done in a professional environment. Making a good first impression matters when you’re starting out and building your clientele.
Furthermore, the community that arises by seeing fellow entrepreneurs and remote workers, is more likely to keep you motivated. Additionally, the spaces also cheaper and more flexible than leasing a commercial space.
However, the sheer number of them in major cities means you’ll have to spend more time finding the perfect space for yourself or company.
Who uses coworking spaces?
As mentioned, freelancers who work on multiple projects can benefit from the structure of having a professional community, and access to meeting rooms and a network of people who are building their own businesses. These benefits also apply to remote workers who have had enough of the isolation from working from home.
People who are constantly travelling, especially between cities could use coworking spaces with the many central hubs online that aggregate locations and help users searching for one.
Non-profits, startups and even some established corporations have set up and offices in coworking spaces. This enables them to benefit from a collaborative and vibrant environment.
Students can also benefit from the social and professional environment such spaces provide. Those soon to graduate seeking employment, can also utilise such spaces for mentorship opportunities.
Conclusion: Definition of Coworking
Google Trends shows that even though searches for ‘coworking’ dipped over Christmas, it is rapidly rising to new heights.
So whether you’re a student, frequent traveller, freelancer, or remote worker looking to take your work and passion to a new level, these new spaces may be exactly what you need to stay focused, motivated, and incredibly productive.
As discussed, coworking offers more than just WiFi and other such basic amenities. They are important spaces in our new modern landscape that connect people in an often beautifully designed and stimulating environment.
Even as the future of coworking unfolds before us with the likes of WeWork leading the charge, one thing remains clear; it will radically change the way we work and network.