Have you heard of the phrase “co-working space”? What does this mean and how can it benefit you? A co-working space is just that, a space that is available to work with others. There are so many benefits to these spaces that you may have never even considered. This concept is fairly new and was virtually unheard of 10 years ago. Are you curious about how a co-working space can benefit you? Let’s explore the concept and how it may just change your business. 

Co-working spaces have completely transformed the way the modern workforce interacts with the business community. These spaces give independent contractors and other modern workers an opportunity to connect with the business community. As an independent contractor, you may not find yourself interacting with professional workers in your community. This may also result in missed opportunities to network and grow your business. Being an independent contractor can feel lonely at times so it may just be fun to participate in the local professional community. This can also be a great opportunity to bounce ideas off one another and learn from members of your community. 

The benefits to working in a space like this seem endless but there are a few that stand out. If you are used to working from home, you know that there can be many distractions. This can range from kids needing your attention to dogs wanting you to play. By participating in a coworking space, you can set aside time to be in work mode. In addition to fewer distractions, the change of scenery can boost your creativity. You can also collaborate with others in your profession which can create new ideas that you may have otherwise passed over. Working in a space like this allows for instant collaboration. You can bounce these ideas around while your creative juices are flowing in as opposed to waiting until you can jump on a call or meet up with a fellow creative. 

If you are renting space currently but the cost does not make sense, it may be time to investigate a co-working space. There are many built-in services that come with these spaces that may end up saving you loads of cash in the long run. Rental fees for small businesses can be a huge issue but a monthly fee for a shared space may just be the solution to this problem. You will also find that there is more flexibility than being tied into a lease. You will usually find that co-working spaces have more options if you find a space that is better suited to you. This gives you an opportunity to try a space and decide whether it will work for you or not. 

If you are looking to increase your productivity and cut down on your cost this may be worth exploring. You may just find other business opportunities present themselves or collaborations that you would have never experienced. Work-life balance is so important and finding a co-working space may just be the solution to this and many other small business growing pains.