We have all seen a change in work culture this year, with more people working from home than ever before. The rise of co-working spaces is only going to become more popular with businesses looking at new ways to structure their workforce and flexible working becoming more popular.
What is a Co-Working Space?
A co-working space is an alternative to having a fixed office, often used by smaller businesses, start-ups or freelancers. Typically an open plan environment where members have the flexibility to use the space as and when required, whilst also giving them access to all of the facilities of a conventional office but without the usual lease that goes with it. They also provide private offices within the building which have access to the communal areas and facilities.
Working in a Co-Working Space vs at Home
There are many advantages to utilising a co-working space rather than working from home. By understanding your personal or business needs, you can find a co-working environment to suit you, whether it be a more creative and relaxed culture, or more formal with professional meeting rooms and other facilities. In this article, we explore some of the benefits of co-working.
A co-working space avoids the commitment of a traditional lease, which can tie you into an office for a number of years. Instead, you can purely pay for the space you need at any one time.
Creating a culture
A positive working culture can be key to keeping yourself and other staff engaged and motivated, as well as to attract new talent to the business. By being members of a co-working space, you are part of a larger office environment with a positive culture of like-minded, entrepreneurial individuals. When working from home, you can really miss having human interaction. Having a co-working space you can feel a part of helps to combat this.
Access to different locations
Often a co-working space will have various locations around a city, country or even the globe. Therefore, if you are required to travel it can allow you to always have access to a desk and facilities no matter where you are.
There will be multiple different companies based at any co-working space which means you have the opportunity to make new connections which could lead to new business opportunities. Often co-working spaces will run events specifically to encourage networking, so it’s really easy to make these connections.
A co-working space usually provides impressive facilities for their members, all of which you will have access to, either as part of your membership or for a small additional charge. They will also have modern technology available; high-speed wi-fi, video conferencing facilities, printers etc, which you most likely wouldn’t have solely working from home.
By not tying yourself into a long term lease, a co-working space offers the flexibility for a business to be more agile, up-sizing or down-sizing quickly as required.
Having access to a co-working space will take away the distractions that can tempt you away from your work at home – such as the doorbell ringing, snacks from the fridge and the goings-on in your neighbourhood, etc. By working in a professional environment with others, it should help you to stay focused on the task at hand and increase productivity.
It can be hard to separate work from home life when they’re conducted under the same roof. By having access to a co-working space, it’s easier to leave work behind at the end of the day. Co-working spaces often have fitness facilities attached to them, encouraging you to do exercise as part of your working day, which is proven to reduce stress and enhance wellness.
Having access to a co-working space can help encourage you to structure your day more effectively, maximising your output. Travelling to your work environment and then working alongside other people all day, should help you to give you the structure and routine you need to plan your time well at work.
Often co-working sites are based in impressive, central locations which can become your business registered address. This can add gravitas and help to give clients the confidence that you are a reputable person/company to work with.
About the author
Auria Heanley is co-founder of Oriel Partners, a boutique PA and administrative recruitment consultancy based in Central London. She is extremely passionate about providing the highest quality of service to both clients and candidates. Oriel Partners’ clients range from global multinationals to small boutique firms, all requiring the same personal service and high caliber support.
Photo credits: eOffice