- Chapter 1: History of Coworking
- Chapter 2: Biggest Myths About Coworking Spaces
- Chapter 3:You are here: The Pros and Cons of Coworking Spaces
- Chapter 4: 6 Key Variants of Co-working Spaces that may be Suitable for Your Business
- Chapter 5: Coworking or Traditional – What Type of Office Space Do You Need?
- Chapter 6: 10 Coolest Facilities in Coworking Spaces
- Chapter 7: A Beginner’s Guide to Choosing Coworking Space for Your Startup
- Chapter 8: 5 Reasons Why a Co-working Space Would be Ideal for your Startup
- Chapter 9: 4 Futuristic Trends of Coworking Spaces
- Chapter 10: 10 Awesome Facts About Co-working Spaces
- Chapter 11: How Co-Working Spaces Can Be Profitable for Your Business
- Coworking Space Comprehensive Guide
The Pros and Cons of Coworking Spaces
Coworking spaces are the trends of the season. With the rise of entrepreneurship spirit, there has been a steady increase in the demand for affordable office spaces. Office spaces normally need quite a lot of facilities ranging from well-equipped work stations to high-end meeting rooms for the smooth running of the daily business activities. Hence, having an office space of your own can be costly at the initial stage of your startup.
Coworking spaces come as a rescue for startups in this scenario. Instead of working from your home (where there are distractions) or from a dingy garage, availing a shared office space makes a lot of sense. Hence the popularity of coworking spaces is ever increasing nowadays.
However, there are many factors to be considered if you are working from a coworking space. There are two sides of every coin, and so it is important for you to consider the upside and downside of working in a coworking space before you zero in on one.
Let us first explore the benefits of working in a coworking space.
The primary reason for the rising demand for coworking space is the flexibility that it offers to its occupants. Be it flexible payment option – where there are mostly minimal or no deposit scheme, affordable charges per seat, no long lease requirements to flexible seating arrangements. Example – At first you can start with dedicated seating but if you feel that you don’t want dedicated seats owing to your working regime and can do with flexible seating, then that shift will be without hassles.
2) Affordable Office space with high end amenities
Another reason for most startups to choose coworking space is the high-end office space that one can avail in a coworking space. The coworking spaces are fully furnished with all the necessary technical and office requirements. The interior decoration looks attractive and is done in such a creative manner that you would want to spend more time in your office space. Cafeteria, recreational spaces are all available at very affordable rates. With all the amenities already done, you have the luxury to just go, plugin to your office and start working.
Networking and meeting like-minded people is another perk of working in a coworking space. Imagine coming to a place of work where you get to meet high spirited and ambitious individuals every day. The casual chats that you have with them can be so insightful. In the case of startups, you are all in the same boat, so understanding the difficulties and benefits of starting from scratch is easier and mutual help can also be an option. Networking, collaborating with potential clients is easier to be executed from a coworking space. You can also do casual market research which will be beneficial.
4) Community Feeling
Working in a coworking space gives you the opportunity to be a part of a community. All of the coworking spaces maintain a community where various events, informal meetings, and programs happen to increase the bond among the members. Interesting events, talk shows, seminars with industry stalwarts are helpful for freelancers, startup founders to gain knowledge and increase their contacts within the industry.
After benefits, now comes the downside of working in a coworking space.
1) Absence of a peaceful working environment
Since a coworking space is occupied with many companies working without proper demarcations, most of the times it becomes disturbing for carrying out your individual work in a peaceful surrounding. This is especially true for people in the creative field like writing and marketing. Writing usually needs a quiet location to be fruitful. Many writers have confessed that they prefer to work from their coworking space after almost everyone has left at wee hours for some peace. Imagine a situation – You need to have an important meeting with your client or investor, via video call or audio. But because of the noisy ambiance around you, it becomes difficult for you to indulge in the same. Although there is some co-working space that has the provision of phone pods but it may be occupied by someone else when you need it. Then if you have a sudden visit from your investors and clients, then getting a meeting room for a formal meeting in short notice without a prior booking is almost impossible.
2) Lack of privacy
Invasion of privacy is another con of working in a coworking space. In a coworking space, privacy is almost nonexistent, hence it becomes difficult if you are into a business where you have access to important data. You can have your private cabin in a coworking space or be extra cautious when working in a shared space but a possibility of others getting access to your data is always there.
In a coworking office space because of the vibrant surrounding and presence of many coworkers, you need to spend the time to socialize with other members. Hence, getting an uninterrupted eight or nine hours of work is almost impossible. Suppose you have your own to-do list for the day and you are expecting a busy day ahead. But once you reach the office you may have to spend some time and finish the discussion that you were having the previous day with another coworker from a different company. Yes, you can avoid doing the same for negating distractions but you can’t do that always. Every worker has his/her own busy day and that can collide with the light work day of your coworker. You have to be patient to bear with that clash.
4) Less scope of customization
Coworking workspace will not provide you any scope of customization. You have to be content with the setting and office decoration of the coworking space. You cannot customize and decorate your workspace as per your desire. There is no scope of individual customization of cabins and workstations. You may not get the desired number of seats at your preferred center. This is one of the reasons why companies tend to move away from coworking spaces after the company has a strong foothold and steady income in the market. The satisfaction of having an office space made as per your choice is absent in a coworking office space.
Following are the advantages and disadvantages of working in a coworking space. Many companies today prefer coworking over traditional office space for the benefits discussed above. Keep in mind all the above factors while looking out for office space for rent in Bangalore.
In Bangalore, there are many coworking spaces where you can find office space for rent. Office spaces in Bangalore are among the most affordable in terms of real estate pricing and hence it has become a favored destination for office space rentals in India.
The Best Co-working Space In Bangalore – Book Now!