Coworking is sharing an office space with other professionals to create a collaborative community. Essentially, it is working alongside strangers who end up being invaluable business connections. As opposed to the traditional, one-company only office, shared workplaces come with a profusion of benefits that make them ideal for any business.
That’s why coworking has seen a phenomenal surge in demand and popularity in recent years with 2020 making it all the rage. That said, there is a high chance you are still wondering if coworking spaces fit your business. So, we go over all the merits of a shared workplace with a fine-tooth comb to help you make the decision.
Coworking Spaces: The Glove That Fits Every Business In Mumbai
First, we dispel the misbelief that coworking is meant only for entrepreneurs, remote workers or independent professionals. Yes, these individuals benefit immensely from coworking because getting a business off the ground from a shared workspace is cheaper and effortless. But corporations, enterprises and small companies are just as suited to it.
Why? Because there is always room to grow in coworking spaces.
Whether you need a whole floor three months down the line or you need to cut down on the number of dedicated desks, shared workplaces let you do both without burning a hole in your pocket.
Our advice is to always talk to the community manager before coming on board. They’ll be able to give you a clearer picture of how many additional workers space can accommodate in the future and how much it will cost you.
You’ll network more
A photographer for your next event, a writer for your website, a finance genius for your books, or a social media native for a digital campaign, irrespective of what your business needs, coworking will have a solution.
The network you build in a coworking space helps you find the right expertise you require and more often than not, it will be under the same roof. The advantage runs the other way too.
The community is an exceptional starting point to sell your services too. When you mingle with new people every day, you get to promote the business through word-of-mouth – the most effective and pocket-friendly way of advertising your work!
And, we’re not even including the events that shared workplaces host. Launches, workshops, seminars or even Happy Hours are an excellent way to meet people and gain new clients.
You’ll achieve work-life balance
When it comes to small or medium-sized businesses, the trend is no-sleep and all-work. Not a healthy style of working, it leads to anxiety, stress and failure. When you work from home or a conventional office, breaking the habit is near impossible.
Coworking spaces give you a more sustainable way of operating. They aid in shifting the mindset and understanding that sometimes breaks are necessary for a professional to be creative and productive.
While the events and activities shared workplaces host, are a great tool to attaining work-life balance, there is more to it. From a coffee break in the lounge area where you can bounce off ideas with members to a quick session in a gym nearby, coworking gets you away from the screen.
You’ll collaborate across teams
This is the biggest payback of coworking for any business. We meant it.
You get to interact with individuals who work in different niches within the same industry and with people who work in an entirely different field. The diversity of backgrounds ensures collaboration in unique ways that is just not possible in conventional offices where teams work in silos.
Collaboration also means you get to build a support group of like-minded individuals who come to your aid when needed. This help is often an overlooked factor of business even though it is crucial to success.
You’ll get more exposure
The bedrock of coworking spaces is their silent encouragement to stop hiding behind a gadget screen and interact one-on-one with real people. Ultimately, you get exposed to a plethora of brands, working styles and perspectives, which gets the creative juices flowing.
With each new member who joins the community, an introduction is done so that members get to know each other. The goal is that by breaking the ice, co-workers will mingle more.
And it works. That one conversation is sometimes enough to open your eyes to new fields, niches, thought-processes and, of course, people.
You’ll have fewer responsibilities
Managing an office on top of running a business is not easy. It takes energy and time – commodities that are in scarce supply already. Coworking spaces guarantee that your load lessens. They take over all building and office management responsibilities, from cleaning the premises to stocking the coffee and tea.
The best locales in the best city
Securing an office in Mumbai (in a great location & within budget) is not easy. Let’s be truthful. It is harder than cracking your first job interview. Yet, the city is like a gateway to business growth and expansion, meaning establishing your base here jumpstarts your company.
Coworking spaces offer a quick and affordable solution. You get an official address in one of the best neighborhoods in Mumbai without pouring in too much of your capital!
Coworking Spaces Are The Norm, Not A Fad
A lot of people take it as gospel that coworking spaces are a passing fad. It is not so. They have become the norm.
Why? Because they accept every variety of workers and working-style.
You want to skip socializing and just focus on work? Coworking spaces allow you to do so. You want to mingle more and take a break from the job? Coworking spaces help you do that too.
Moreover, shared workplaces ease starting and running a business remarkably. They give you room to grow at modest costs with a community of supportive people at your beck and call.
Before you take our word for it, get a free day pass and tour WorkWise. Give our coworking community a test drive to see how it fits your business!