Co-working spaces have been a sigh of relief for those who had earlier been struggling to find a space for running daily operations. The concept of having a coworking space brings about many benefits that both employees and employers can enjoy.
While the former gets exposed to a more productive environment with tons of networking opportunities, the latter can save costs at a lesser price to pay for these spaces. A lot of people are moving towards this cost-effective option to start their businesses, owing to the benefits that these spaces offer.
If you are a budding entrepreneur and are looking for a space to start your business, then a coworking space is the best option for you.
Not convinced? In this blog post, we’ll explore 10 amazing benefits of co-working spaces for SMEs and startups in 2023 and beyond. From increased productivity and networking opportunities to access to state-of-the-art amenities and a sense of community, co-working spaces can provide a wide range of benefits that can help businesses thrive.
So whether you’re a small business owner looking for a new office space or a startup trying to get off the ground, it’s worth considering the benefits of a co-working space. Read on to learn more about how these shared office spaces can help your business succeed in the coming year and beyond.
Advantages of Co-working Spaces to Accelerate your Business
Productivity
One of the top benefits of working in a coworking space is that they are not as rigid as a proper corporate space, but are more structured than your home. The formalities and distractions are lesser than in a corporate space, leading to better productivity.
Also, coworking spaces aren’t just chairs and tables; they have common conference rooms and meeting cabins that can be booked to schedule meetings and close deals. Each element of a coworking space is for a reason, which caters to every need of you as a professional. It fosters creativity and better operational efficiency.
Motivation
The difficulties of working from home may be alleviated by using coworking facilities that are tied to Equity Theory. It’s impossible to compare your own performance to that of your coworkers when you work from home since you can’t see them when they come or how they’re performing each day. When you’re surrounded by other people, it’s easier to focus and get motivated to work.
Diversity
A coworking space is different than a traditional workspace, as the people working there belong to a vast range of companies. Since those people come from different professional backgrounds, collaboration is what matters the most, instead of competition. So, if you are working at a coworking space, grab your chance and extract the best out of your environment.
Enhanced well-being
The only element that separates traditional workspaces from coworking spaces is the absence of a work-life balance. Coworking spaces offer an environment that fosters the holistic development of individuals. There are a lot of shared workspaces that house on-site yoga studios, dog-friendly offices, and so on. With such flexibility in workspaces, productivity and overall well-being come in handy.
You get to choose flexible work hours
Depending on the size of your team, you can choose the space and the working hours you want in a coworking space. Either you can opt for hot desks or can go for a private cabin if you have a small team. You can avail of many facilities such as the pantry, locker, play area, and so on, to enjoy while working. You have the freedom of working at your own pace and avail of all amenities, without having to burn a hole in your pocket.
Access to a vibrant community
People prefer coworking spaces to work from home because they get to interact with people across various professional backgrounds, thus opening doors for relationship building. You never know, the person sitting right next to you can be a potential customer!
Workplace Ergonomics
Being productive is a breeze when you’re surrounded by well-planned places, which also provide intangibles like soothing music, enough daylight, and comfortable temperatures. Akasa Coworking in Kolkata is intuitively designed in a way that allows movement, has well-placed ergonomic chairs, charging plugs, adjustable standing desks, laptop stands, well-positioned computer screens, and access to delicious coffee and tea that all add up to improving efficiency and productivity.
Go Green
Space can be a strong tool for fostering participation, inspiring creativity, and promoting productivity and efficiency.
Introducing a bit of green in the workspace increases work satisfaction, heightened self-reported concentration levels, and improves ‘perceived’ air quality (Journal of Occupational and Environmental Medicine). Plants have been shown to alleviate stress, restore attention capacity, and boost productivity by approximately 15 percent. Akasa Coworking in Bangalore, with its gorgeous and relaxing view of nature, is a great spot to take a break with a cup of coffee.
Collaboration
82% of surveyed members at a coworking space reported expanding their professional network, 84% of colleagues claimed that coworking spaces near them helped them build motivation and engagement, and 51% of coworking members reported finding new chances for work, according to research.
Akasa Coworking spaces provide structure and closeness to other creative entrepreneurs, freelancers, startups, and small enterprises that may help one get a fresh perspective and brainstorm, and seek guidance when required. When you’re surrounded by individuals who share your interests, you’re more likely to persevere through challenges and be more creative and productive.
Networking
In today’s professional world, networking is essential, and coworking spaces provide a wealth of options for doing so. A brief coffee break or a chance encounter with someone in the business you’re trying to get into may open up a whole new world of possibilities.
In Akasa Coworking spaces, you’ll find people of different skill sets. If your project requires a different skill set, you may be able to easily outsource those aspects of your projects or may be even driven to learn a new skill as a consequence of working in a coworking space nearby. Research reveals that 69% of coworking members say they have acquired new skills, and 68% say they have improved their existing skill set as a result of working in coworking space.
Coworking spaces are full of opportunities that you can make the most of and expand your business!
In Summary
Over the past few years, there has been a rapid increase in the number of coworking spaces in the country, to provide people with the comfort and flexibility they need. If you are among those looking for an affordable co-working space, then book one at the earliest and enjoy the benefits of coworking!
Akasa Coworking spaces are active in Bangalore, Kolkata, Noida, and Siliguri. Be a part of our community and make the most of flexible workspaces and solutions to propel your business ahead.
In conclusion, co-working spaces offer a wealth of benefits for small and medium-sized enterprises (SMEs) and startups. From increased productivity and networking opportunities to access to state-of-the-art amenities and a sense of community, co-working spaces can provide a range of advantages that can help businesses thrive.
If you’re a small business owner or startup looking for new office space, it’s definitely worth considering the benefits of a co-working space. Whether you’re in need of a short-term solution or a long-term home for your business, co-working spaces offer the flexibility and cost-effectiveness that can help your business succeed in the coming year and beyond.
So if you’re looking to make a change in 2023, don’t overlook the potential benefits of a co-working space. It could be just the boost your business needs to reach new heights of success.
