Coworking Spaces: An Ideal Working Environment for Startups

 

We visualize flying cars and talking robots when we think about the future but have you ever thought about where we will make plans to execute these inventions or how the working spaces will be in the future? 

The answer is coworking space. 

What is a Coworking space? 

The term coworking space generally means an area where people of different domains work together. A co-workplace provides an integrated and shared working environment used by freelancers, entrepreneurs, and companies. It is the best office space for new and small-scale startups.  

What is a coworking space startup? 

Startups are newly formed businesses at the first stage of their operations set up by one or more entrepreneurs. Setting up a startup is generally risky, and an entrepreneur needs to be reasonable before throwing away their hard-earned money.  

That's where coworking spaces come into the picture. It creates the best working environment for newly built companies or ventures to run their operations hassle free. The evolution of shared office spaces has changed the face of startups in India.

Why do startups work in coworking spaces? 

For an entrepreneur selecting an office space for their startup could be a real pain. There are a lot of factors to consider before choosing a space for work. A co-office space provides a lot of facilities for the newly built business. Let's see the factors which attract entrepreneurs to start their startups in co work spaces:

1. Operational charge: 

Startups always look for facilities at affordable prices as financing is very limited. The operational charges including rent, internet, leisure, furniture, electricity, etc are very low compared to other work spaces. 

2. Community: 

Working under the same roof creates a very rich, and knowledgeable community of people. A strong community helps startups to grow. Being in a community makes it easy for a startup to get new clients, valuable guidance, and recruit skillful employees. 

3. Customizable: 

Designing and decorating the office cabin and walls of your choice is a dream of every employee. The customized offices built by co work spaces create a comfortable working  

Ambiance for energetic startups. 

4. Networking: 

In a co-office space, we can make connections with people from different domains with different expertise. For a new business, networking is super productive. The stronger you grow your network, the stronger your business will be. 

5. Security: 

Every company wants a safe space to work in. A co-workplace space has 24 hrs. surveillance cameras security guards, bio-metric, and security card access doors.  Working inside such a safe environment increases the mental and emotional morale of the employees. 

6. Work ambiance: 

Seeing big companies, startups, and freelancers work and discuss professional matters motivates new emerging startups and ventures to expand. 

7. Work Flexibility:  

It's difficult for a startup to have fixed office hours. Having a concrete schedule could be a headache. Getting a flexible space to work promotes the overall productivity of the company. 

8. Other amenities: 

Which includes  

• In house Pantry 

•  Free coffee\ tea 

•  Co working events 

•  Basic office requirements like printers, scanners, etc. 

• Breakout zones 

• Meeting rooms 

These facilities encourage startups to choose a co workplace for their office. 

Conclusion: 

In the current time for an ideal working environment, co-work spaces are best for both startups and established companies. The above factors explain the problems faced by startups changing the current scenario of business in India and what makes an ideal working space.