Today’s post is the third post in my Featured Bloggers series!
Weighing up the pros and cons of the increasingly popular co-working space is the brilliant Sadiye, whose career-focused blog is brimming with tips on how to navigate the world of work today.
I love checking out her content when I need an extra boost of motivation or some advice on how to push through times when I’m feeling a little lost in the blogging industry.
If you’ve been considering whether a co-working space is right for you, I hope Sadiye’s discussion helps!
PS I absolutely love co-working spaces and being surrounded by likeminded people with good vibes and positive energy!
Featured photo is my own. Other photos used are by Spaces Magazine, whose post can be found here. These photos are taken in Mortimer House, where I attended the Papier x House of Holland Launch Event.
Over the last 5-6 years, the use of co-working spaces has risen, with thousands of small businesses, entrepreneurs and freelancers having the flexibility to work in a more professional environment as opposed to the local Starbucks.
Of course, co-working spaces have lots of pros but with that comes cons so let’s look at how you can benefit from using a co-working space.
Co-working spaces allow you to work in an environment with many people from different backgrounds, cultures and lifestyles, allowing you to meet new people and network that is beneficial for any business. There will be many companies and individuals doing different type of work, and you can make some great connections in the professional world that can help you grow your brand. Most of the time, the owners of the co-working spaces will put on events to help bring clusters of people together, to proactively support a sense of community.
Low Renting Costs
Another great benefit of co-working space is that they don’t require a lot of money to get up and running. Most office leases, especially for smaller companies require large deposits that can be equal to an entire year of rent in a co-working building. With co-working spaces, deposits tend to be typically one or two months, allowing you to feel comfortable with the price without giving too much commitment.
For most freelancers and small businesses, flexibility is key and co-working spaces offer a great deal of that. If you wish to stop renting and move on to another space, you can after giving short notice. If you need more resources, you can easily expand within a co-working space all the way up to 20-30 people. On the other hand, with traditional offices, you need to rent enough space in advance to include your planned growth, however with a co-working space, you can keep sizing up until you need to stop.
Unfortunately, what comes with a co-working space is noise. Sometimes, if you are working in a space with lots of other businesses, depending on the industry, it can feel quite loud at times. Whereas, if you were to use a traditional office, normally you will be the only ones on the floor you are paying for and you can control the level of noise or make quiet zones if necessary.
Most co-working spaces will have a tightly packed design and there is very little privacy.
Offices in co-working spaces are packed next to the other, and they are often glass meaning transparency. Therefore, everything you do can be seen and sometimes heard by others. Co-working spaces can be a great place to start a business, but sooner or later it will make sense for companies to leave to their own space.
As more and more cities become open to welcoming co-working spaces, there is a lot more traditional office space available. With more and more smaller companies coming into play, the use of co-working space is increasing, making it harder to find availability. If you are looking for your office space to be located in a specific area, you may not be able to find your exact needs without compromising.
Whilst co-working spaces can be ideal for entrepreneurs and smaller businesses, they do
come with a few drawbacks worth considering before committing.