When people think of shared coworking spaces, the image that comes to our mind includes freelancers or solo-entrepreneurs, but the fact is startup teams or even big business are also moving towards shared working environments.
Now, the commercial offices are transforming into new and more collaborative workspace design architecture and now many of the businesses and even enterprises are feeding the demand for #coworking trends.
‘Workplace for future’, ‘Alternate office’ or ‘flexible offices’ – these are many synonyms of coworking shared spaces. It started a few decades ago as an innovative solution for freelancers and young startups have now become a #trending thing. According to the latest research, more than 1 million companies have started using coworking spaces for their business operations.
There is a shift towards enterprising moving towards coworking spaces such as tuition centers, research labs, or satellite office, etc
Let’s dash into some of the values that ingenious startups get from working out of shared coworking workspaces.
#1 Shared Offices Encourage More Connections with fellow workers, Which Also Increases Productivity of business:
One of the most fascinating facts of coworking shared space is that you can meet people of different interests, different mindsets, different culture, etc., which can help you grow as you can get new ideas or new thought for any kind of a problem. You can also grow your team by connecting with people around you, there are freelancers who are also using coworking spaces for their work, or you can grow your business by connecting with other business owners who are using that space along with you. You can also call other fellow members of shared space to your product launch which in returns helps to get more productivity to your business.
#2 Look the Part with a well Equipped Space that Impresses Clients, Job Candidates, and Investors:
when you are in the first few years of major growth activities of your business, then having a professional meeting/conference space is required. Coworking spaces raised popularity because they understood how much it is important to have a well-structured office for meeting up your clients or investors.
Having the right ambiance and the right environment is the key to business success. As bringing investors or clients to clean, fully-equipped with modern technology, a conference room with a whiteboard and round table and stylish office with good interior can build trust and confidence.
This Might help you get a handsome amount of funding for your startup or your business. Moreover, this attracts the youth to join your company as you have such a healthy environment around you.
#3 Take Advantage of Low-Commitment with High Convenience:
Most of the coworking shared spaces offer monthly, daily or hourly memberships with amenities such as high-speed wi-fi facility, free tea/coffee, meeting rooms, conference rooms, cafeterias, printer facilities, etc, hence helps you in keeping your business overhead costs to a minimum. You can even customize your package as per your requirements like you know you do not need a conference room or tea/coffee services then you can go for customized services as well.
Big Businesses are also using coworking spaces as they don’t have to manage anything of their own such as a power cut off, wifi bills, Tea/coffee bills, fixed tenure agreement, etc. They can completely focus on their business and can make it a huge success.
#4 Innovation options for your Business:
Coworking shared spaces also provide an exhilarating environment to innovate and harness their creativity. Tech & IT companies are always in an infinite “war for talent” situation. Finding the right and topmost talent is an extremely difficult part. Individual factors such as the working place and other benefits can make a huge difference.
By providing the coworking shared space for their employee, staff can decide exactly how, where and when they choose to work, ultimately helping in increasing the productivity, morale and also encourage the innovation out of the box from the team.
Coworking work culture represents a modern lifestyle, which attracts the young and energetic generation. Nowadays companies want energetic and innovate people who can think beyond the way normal people think. When you do not have to worry about anything around you can focus on your work in a more efficient way.
Coworking spaces are gaining popularity now in India as well. As the no. of startups are increasing, the demand for coworking spaces is also increasing.
Due to many benefits of coworking spaces like time flexibility, working environment, less monthly expenses etc – startups, freelancers and even small business are moving towards the #trending coworking shared spaces.
Considering the benefits of coworking spaces, the question arises: which coworking shared space you should choose?. Out of so many options, choosing the right co-working space that fits your needs is the most important decision to make. Just make sure you pick the right one for your business needs.
Here’s a quick checklist to help you out choosing the right co-working space for your business:
1. Get the right location :
Do you wish to work near your home or near your client’s location? Or do you want to use coworking space as a place for meeting up your clients? Then choose the location which is near to the client’s location as it will be convenient for them as well but let’s take an example – if you have some family responsibilities then you should take coworking space near your to home only so that you can go back whenever required or in the case or an emergency.
2. Get the right level of support
Once you have decided the location, then compare the facilities they are offering. Like the two basic options for startups can be: choosing an incubator (offer a high level of support and more memberships charges) or you can choose a shared space (or a desk) that is open to anyone.
If you do not like disturbance or noise while working then you can choose incubators or private cabins, that have some extra charges but that can help you get more concentration towards your work. Or you can use the shared tables/area if you like sitting with different kind of people as it helps to get new ideas by fellow members.
3. Figure out how much-dedicated space you need for your business
You have to decide how much space you need as per your requirements? Like a single desk for yourself or according to no. of employees you have as you have to pay according to that only.
Coworking space offer sharing the space on a monthly or daily basis so you just have to pay for no. of seats you are looking for. Either you are working alone or you have a team of 6-7 people, you can still use coworking space.
4. Find out features/facilities and resources
You must need specific equipment or amenities for your startup. Like extensions, cubical, meeting room, conference room, cafeteria, 24*7 working hours or international working hours etc. Before jumping onto the solution, look for things you need.
Meeting with your clients in a coffee shop can be a bad idea as there is a lot of disturbance/music in the shop. So you can use coworking space for meeting with your clients where you can explain your business models easily with any disturbance which can be fruitful for your business.
5. Get the right vibe
Every coworking shared spaces have a different atmosphere. You might want a highly professional atmosphere, or a bit chilled out place. It is recommended yo visit the space before signing up the agreement.
Take a tour of the place,
- Ask the fellow members in coworking space who are already there, take feedbacks like advantages or disadvantages.
- Ask questions to owner/manager by giving a particular situation like power failure etc.
- Check for parking spaces
The most important factor in choosing the right co-working space. While starting up the new business, there is already a lot of investment involved. So you definitely have to keep your expenses to a minimum. Choose the right coworking shared spaces that fit your pocket.
Due to competition in the market, there are a lot of coworking spaces options are available which are offering services at a competitive price but before choosing the right co-working space always check what all services are provided in the amount you are being offered. Sometimes we choose the cheaper rates but in that case, we have to suffer the quality and quantity of services
Co-working spaces are gaining popularity in this world with growing start-ups and freelancers. And not just popularity, co-working spaces have also grabbed an irreplaceable status among the entrepreneurs, start-ups, freelancers, and SMEs because who wouldn’t love to have an energetic workplace to spend the maximum part of their day in. And the aroma of coffee is just the cherry on the top. No surprise that many people now prefer co-working spaces over the regular monotomous offices. Apart from the great facilities co-working spaces are light on the pocket as well where one pays according to the need of space.
With the increasing popularity, many co-working spaces have sprung up in tier I and some of the tier II cities.In order to survive in this competition, co-working spaces need to grab their space and audience in the market. One can leverage the power of digital marketing to market their co-working space and reach potential customers.
There are many ways to build and use the digital space to market co-working spaces. Here is the step by step guide on how to market your co-working space digitally.
Google My Business
First of all, in order to create a presence in digital space, you need to list your co-working space business on Google My Business. Along with the aesthetic pictures of your co-working space and the contact information for your potential customers it also provides you with an authentic badge in the suspicious internet world.
Secondly, you can also create your website where you put out the detailed information, photos as well as the pricing for the co-working space. Your website can provide personalized feeling to potential clients by providing them with customized plans as per need or a form where the user fills in his/her details to get a call for more information.
The next step would be to establish your reputation in this niche. Get the reviews on google from your existing customers. Reviews are a reality check & trust building factor for potential customers.
Social Media Accounts
Also maintain social media page for your co-working space on platforms like Facebook, Instagram, Pinterest, Twitter, and Linkedin depending on which platform your target audience is engaged on mostly. Keep the social platform account responsive to any customer queries, comments or issues and also try to get reviews on your social media platforms as well. Getting customer feedbacks and testimonials and sharing them on your social media platforms could be one way to build audience engagement as well as a reputation for your brand. Also, share the real-time images of your co-working space on your social media accounts so that your potential customers could grasp everything your co-working space has to offer. You can also ask your customers to share your social account posts among their peers. This will grow your reach as well as business more organically with minimum investment.
Try to rank your website or social accounts for the relevant keywords, the keywords your target customer might search on google or any other search engine. Maintain good quality and authentic content for your website as well as other accounts on digital space and try to get organic traffic to your website by performing good SEO practices.
SEM & Ad Campaigns
After all the things mentioned above now is the time to try for google ads or run ad campaigns on social media platforms like Facebook and Instagram. These Ads are really powerful as they appear in the results when people are actually searching for co-working spaces in some areas. Also, the ad campaigns on social media allow you to target the audience depending on the characteristics you think your potential customers might have such as entrepreneurs, freelancers, and small companies etc.
All these combined together will create a great digital marketing plan for marketing the co-working spaces to reach the right customers and grow your business.
Co-working spaces are now becoming too much popular among small and big organizations. As we are moving towards a modern and fast economy the coworking spaces are becoming more trending as they are affordable for those who are looking for a flexible working style.
Offering your tenants/customers a flexible coworking space should be your main goal if you are thinking of opening a coworking space as shared offices are now increasing the popularity amongst youth because of flexibility.
Basically, co-working spaces are part of the future non-standardized form of employment where we have flexible timing, working environment, and endless opportunities to meet new people.
5 Reasons Co-working Spaces Are Now The Way Of The Future
Unlike traditional office spaces, co-working space offers massive flexibility to the employees and other people in the organization as it allows one to choose between an array of options for buying the membership. One can choose to rent a space for a month,3 months or a year depending upon the requirement without paying any penalty he/she can leave space anytime he wants by informing the owner
Most of the trending plans for coworking spaces have a membership option with internet access, daily access and so on.
Renting an office space for a whole year can be expensive for those who keep on for business purpose. But if you using a coworking space then you can easily travel without spending too much money and will also get the facilities for smooth of your business. The main reason for especially startups and small business are moving towards co-working spaces is to do cost cutting.
Earlier to grow business you have to do by giving a business card at a roundtable corporate events but now the new trend of marketing is focussed on growing real relationships. Coworking spaces provide most affordable networking opportunities by spending monthly and meeting new people every day.
Most coworking spaces provide monthly meetups event so that it helps everyone to meet and grow more business by people working around them.
Coworking spaces offer their members an amazing amenities at pocket-friendly prices. Few of the amenities are listed below :
- Reliable and high-speed internet
- Conference room for meetings
- Printer access
- Coffee vending machines etc
These all amenities depend upon the place to place.
Apart from giving personal and economical benefits, coworking spaces help to get the professional benefits as well. Being a member of a coworking space, it allows one to be surrounded by highly motivated, ambitious people on a daily basis. It is easier to grow more when you have such positive vibes around you