Why Coworking Spaces are the Smart Work Solution
According to an article published by the Harvard Business Review, it is evident that coworking spaces are the smart working solution. According to the article, people who work in coworking spaces perform better than employees who work in regular offices. But you may wonder, what do coworking spaces have to do with it?
Below are 4 reasons why coworking spaces are a smart work solution.
- Co-Working Space Foster Self-Discipline
Unlike traditional spaces, most people who work in coworking spaces work independently. They have to establish their own schedule and define their own KPI’s.
The coworking space environment also discourages vices such as internal organizational politics or employee competition that are rampant in a traditional office working space. As a result, professionals have to rely on intrinsic motivation, which leads to higher performance.
- They Foster Productivity
Most coworking spaces are meticulously designed to foster productivity and creativity. Ranging from the choice color for interior walls, type of furniture and furniture arrangement, lighting, to choose of music played in the background. They are designed to minimize distraction and promote brain function at alpha state.
Also, since you have autonomy over your schedule, you are able to leverage your most productive time to work. Besides, routines can stifle creativity.
- They Offer a Sense of Community
One of the biggest benefits of working in shared spaces is an opportunity to engage with other people. Coworking spaces bring together professionals from all industries who end up forming symbiotic professional relationships.
While there is no pressure to socialize, people with similar interests tend to gravitate towards each other which make networking much easier. Besides, some coworking space community managers are keen to foster relationships among members. Therefore, they organize numerous networking events throughout the year.
- Coworking Spaces are Affordable.
Compared to setting up your own private office, coworking spaces are more affordable. You do not have to worry about buying furniture, branding, security, utility bills, and lease agreements.
You can get the convenience and privacy of a non-shared space by signing up for a dedicated office in a coworking space. Some coworking spaces offer you the option for a customized office space to suit your specific needs.
Due to its affordability, even large corporations are opting for coworking spaces instead of renting office space. By subscribing to dedicated company suites, corporations do not have to worry about space management costs, cleaning, repairs, security, construction, and furniture.
- Coworking Leases are Flexible
Unlike traditional office lease contracts that tie you down for 5-10 years, most long-term coworking spaces leases are 1-2 years with an option for shorter renting agreements e.g. daily, weekly, monthly and quarterly. Therefore, in case you need to relocate within short notice, you can do so without worrying about lease agreements.
Conclusion
Coworking spaces are revolutionizing how we work and overall workforce productivity across the board. They are creating communities of high-performing professionals and providing opportunities for learning and networking. They are affordable and offer leasing flexibility to individuals, start-ups, freelancers, entrepreneurs, small firms, and even large corporations.