15 Key Facts About Coworking Space

15 Key Facts About Coworking Space

Coworking and virtual office spaces have been on the rise in the recent few years. In fact, Noida has emerged as one of the go-to names along with Bangalore, Chennai, and Hyderabad when it comes to the top IT hubs in the country. Noida has manifested itself as one of the best coworking spaces around the region.

The pandemic changed a lot about our world, one tiny but not inconsequential part of it includes the rapid emergence of coworking spaces. Working from home became the norm, last year when the government put the country in a nationwide lockdown. Although, prima facie, working from home can make one’s life easier but in the long run it will have a detrimental impact on a person’s mental health.

We are social beings, we cannot and would not survive in isolation away from our peers, our communities. Remote working can also cause anxiety and replicate feelings of being left out. It makes team projects more difficult if the team members live in different time zones and the life of the manager is made that much more difficult since the manager would have to coordinate with different people in different time zones.

Keeping in mind the aforesaid reasons as to why working from home, in the long run, isn’t that much of a good idea, the traditional companies are at an impasse, especially amidst the pandemic. There seems to be a big problem with no solution. Well, no solution until the shared working space industry sets its foot inside the door.

With that being said, let’s see some

key facts about coworking spaces

  1. Meeting Like-Minded People-

I have said this before and I will say it again, humans are social beings. We need to socialize and interact and coworking spaces are just the place for it. Social interactions and the feeling of belonging somewhere are very important according to Maslow’s Hierarchy of Needs. When these needs are satisfied, an individual works much more efficiently and produces better results. Being around people from different walks of life and yet, with a similar mentality can bring forth those latent bouts of creativity, inspiration, and determination. With coworking spaces, it is also easy to maintain long-lasting friendships even when you are no longer working in the same building.

  1. Freelancing Made Easier-

Most of the freelancers work out of their homes but more often than not, feelings of isolation and loneliness are bound to arise. Working from home is also a great source of distractions. There is no one to oversee the work, the bed is more comfortable for sleeping than for working. There is no structure in a day.  Coworking spaces are a perfect fit for freelancers. These spaces are cost-effective as freelancers do not have a steady source of income. Furthermore, a coworking space is just like a bumble for freelancers. These places provide a plethora of networking opportunities for them to either increase their work or get a full-time job.

  1. Start-up Ideas Coming To Life-

Coworking spaces are an ideal fit for young, aspirational individuals to give life to their dreams. Startups are usually small with a limited number of employees, not requiring a lot of office space. Renting out an entire floor would only add to their afflictions of fewer funds. Coworking spaces create a more affordable route for them. They can rent out meeting rooms as and when is required. The rooms can also be customized, accordingly. Small-sized room or big-sized room. Rooms with windows or without windows. Office space with a view or without a view. There is a myriad of options to choose from. Ideal office space for a growing business can have a direct impact on their growth.

  1. Affordable-

The standard of living all around the world has been rising, exponentially and with the inflation rates, every commodity is, now, more expensive than it is used to be. Renting an office space is much more expensive than it looks. Along with rent, cleaning costs, maintenance costs, parking space, keeping the kitchen stocked, coffee machines, etc can empty pockets. All businesses may not have the funds to accommodate all this. Coworking spaces provide an economical alternative to this nuisance. Renting out an additional floor just to adjust a few new employees doesn’t make sense, either. Instead of that, a company can invest in a coworking space for those additional employees at an affordable price and save a significant amount of money.

  1. Personalized Spaces-

Coworking spaces have started providing personalizations of the area provided to a business. Advertising or a marketing company may choose to use bright colors and graffiti on the wall to inspire creativity or an IT company may choose to color the walls with cool blue hues. Scientific posters all around the walls to provide motivation and a sense of calm. The business can choose to design their space in whatever way they like. It boosts morals and increases productivity.

  1. No Monotony-

Working in a traditional office space, sitting at the same desk all day, looking at the same wall with the same people around you can cause monotony and lethargy. Coworking spaces have a flexible seating arrangement where one can choose to sit wherever they like, in the entire building. If someone wants privacy, they can choose to sit in a corner and work in peace or if someone wants to be around people and sit in a lively environment then they can sit amidst people. If someone goes to the break room for coffee or snacks, they are more likely to enjoy other people’s company because they chose to be there.

  1. Networking Made Easy-

Coworking Spaces have different people working together in one place. A few companies, a few freelancers, some veterans, or some startups, this makes for a great networking ground. Everyone knows the importance of networks in the corporate world. A young individual with a startup idea might find a veteran working there, in the same field. Guidance from a veteran would go a long way for the growth of the company. A freelancer may find additional, more lucrative work or maybe even a steady paycheck.

  1. Flexibility-

There is room for a lot of flexibility in a shared working space. Some people find that they work better during the later hours of the day. Working in a traditional office space, they have to get up at 7 am and be at the office by 9 am. this kind of rigidity may cause a decrease in productivity. In a coworking space, an individual may choose to start their day in the evening, put in longer work hours, if need be, and work through the night. It is possible to take a long lunch break or go to meet a friend and relax in the middle of a hectic day, without worrying about the consequences.

  1. Mental Health, Check!-

A coworking space helps you maintain a balance between your professional life and personal life. Mental health, without a doubt, is as important as the physical health of an individual, if not more. Professional work is always bound to cause stress and being in a shared space, surrounded by people, not from the same company can be a huge stress reliever. You can confide in them, vent out to them and ask for advice if need be.

  1. Less Isolation, More Communication-

Working in a shared space can give you a sense of community and is less likely to make you feel isolated which is what happens when you work from home. It is easy to get distracted at home, it can make you feel lazy if you are working, sitting in your bed. In a shared space, though, you can connect with people on a professional or a personal level. Through this, you can fulfill your social needs. This is something that is lacking in a work-from-home office.

  1. Autonomous Power-

Being in charge of your own day, setting your own deadlines, and having enough autonomy over your work, not only increases productivity but also gives you mental peace. When you start your work when you end your end, how long should a lunch break be, taking more than one break sometimes? These are the little things that go a long way to success.

  1. Creativity-

In a traditional office, looking at the same thing and the same people or working from home can severely hamper one’s creativity and inspiration.  Coworking spaces are usually located in posh areas with clean roads and a lot of fun activities to do. Taking a break and looking out the window with a view or going to a café within walking distance for a coffee to relax is an added advantage for the rising importance of coworking spaces.

  1. Events-

Many coworking spaces organize events for their members to socialize or increase their network or just take a break from work. These may include karaoke nights, concerts, open mic nights, potlucks, etc. An amazing source to wind down at the end of a long and harsh week.

  1. Collaborations-

Working in a coworking space increase the chances of collaborating with highly talented and innovative individuals. In a shared working space, you meet different individuals all the time. These individuals are from different industries and so, the scope of diving into these industries and collaborating with them gives you an edge over your competition.

  1. Happy Employees-

A company saves a significant amount of money by renting out offices in a coworking space instead of renting an entire floor.  That money, if added to the employees’ salary as bonuses or incentives, would give the employees an additional reason to be more efficient. The more productive employees are, the more likely is the business to succeed.

There is not a lot that could be said about the negative impacts of working in a coworking space, most likely because there are next to none, especially considering the recent developments of the world.

If you are looking for a reason to join a coworking space then look no further than this article and get in touch with us at Let’s Connect Coworking Space in Noida at affordable prices. Whatever your request might be, we shall endeavor to grant it. Amenities like coffee machines, snacks, gaming room, etc are all available at Let’s Connect. See you soon!

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