In this day and age, can you even call yourself a start-up if you’re not based in a co-working space? Like, do you even share bro?
We’re joking – but only just; the growth of co-working and hot-desking spaces all over the world is impossible to ignore and the biggest players in the business, like WeWork and Huckletree, are opening new locations at breakneck speeds. But it’s not just freelancers, small companies and start-ups that are increasingly choosing to work in a shared space over a fixed, private office: in the last few years Apple, Microsoft, Facebook, Alibaba and Samsung Electronics have all moved teams into co-working spaces around the world, and you know the big guys don’t move around unless they have a very good reason to.
Let’s take a look at why this shift is happening:
Agile Set-Up - For expanding start-ups, the possibility to increase and decrease desk space easily without having to move offices is a very convenient way to allow for elastic growth. It can also bring in a variety of benefits in the early years of a company as it gives a small team the chance to work in a larger environment and network with co-working neighbours. The tiered pricing is also useful to suit all economic needs as there is no need for a deposit and a fixed term contract - something that can be daunting for fledgling start-ups or freelancers
Modern Working - Co-working spaces fit in with modern working, where the divide between work and home is more blurred and 9 to 5 is no longer the norm. If a company is building tech, for example, its workers won’t need to be at their desks in time for the stock markets to open, so a co-working space that is open whenever is required to be is ideal to support bespoke working conditions
Fosters Community - A variety of different companies working alongside each other and sharing space creates a social and inspiring environment. Community feel is good for business as it encourages networking and facilitates collaboration bringing about more growth opportunities and the chance to share industry expertise and swap skills. The social aspect is not to be sniffed at either with most co-working spaces hosting weekly drinks nights, meditation and yoga sessions and a wide variety of talks and conferences, all accessible to their members and a great way to bring together even the most introverted amongst us
Worker-Centric Spaces - Most co-working spaces are easily accessible working environments built around people and their needs in order to promote productivity and to foster smart working. They are modern, functional spaces that can offer a range of facilities often far superior to what a lot of companies’ more dated office buildings are capable of, such as convenient locations at the epicenter of most cities’ business districts, a wide range of desk spaces and set ups, meeting rooms, quiet zones, phone booths, social spaces and, most of all, fast and reliable Wi-Fi. What’s not to love?