Co-working spaces can be a great option for startups – allowing you to maintain a work environment similar to a more regular job. This article explores why you may want to consider a co-working environment for launching your startup.
Allows you to bounce ideas off other entrepreneurs
Another benefit of being surrounded by other founders is that you have other people to bounce ideas off. Especially if you are a solo-founder, it can be difficult having to make all decisions independently. While ultimately the buck still stops with you for the decisions of your startup, it can be useful to quickly get others thoughts.
Creates a separation between work and home
A benefit of working in a co-working space is that it helps create a separation between your work and home life. While some people like the lifestyle of always working, having some separation can be a good thing – allowing you to maintain a work-life balance more akin to a traditional job.
Maintains some social component to your work
Being an entrepreneur can be a lonely endeavor. Particularly if you are starting a firm by yourself, being at home alone working on a business can be a grind. Coming into an office every day, with others who are also pursuing similar ends, can bring a social element to your routine.
An environment that can encourage productivity
The environment in a co-working space can be conducive to productivity. Working from home can be great, but when you have the TV going in the background, productivity can quickly decline. Surrounding yourself by others who are also working hard can help increase your productivity.
Cost savings relative to private offices
The final benefit of co-working is that, while more expensive than working from home, it is typically a lot cheaper and more flexible than renting a private office. While you may be required to sign an annual lease for a commercial property, co-working spaces typically allow flexible membership. Co-working can thus be a good stepping stone when moving from a home office – allowing you to gain many of the benefits of a more traditional office setting, without the financial commitments.