“As per the new research, employees feel more connected to their companies while they work from coworking office spaces.”

Compared to traditional working spaces, coworking offices have been able to grab better levels of:

  • Thriving,
  • Flexibility,
  • Networking

This approach allows multiple businesses to operate from the common location. Today young entrepreneurs are willing to share common resources and amenities and work in the same environment with people engaged in different businesses.

The most obvious benefit of coworking is cost-benefit, but along with it, it encourages competitive spirit and aims to rise higher. 

How? Let’s dive in: 

  • Raise competitive spirit:

There is always an aura of positivity and productive energy in a room full of driven people. There are fewer chances of slack off. A lot of work can be accomplished with goal-oriented people in the surrounding.

  • Positive peer pressure:

Coworking increases peer pressure but in a positive way. It encourages you to aim higher and better, thereby increasing your competitive strength. You may feel inspired by noticing a rising company having a great management style or a company having early success, or a company with great ideas. This positive impact motivates you to work better and achieve more.

  • Networking:

You have the opportunity to network and grow your business in various ways with hard-working people encircling your working space. E.g., if you need a web designer who knows you are sitting across from the best in the business at affordable cost and that too in the same workspace. It may also happen that you are sitting beside someone who may offer you your next big client as a referral.

  • Community:

Knowing that you are not alone and have a community that is dealing with similar kinds of challenges can help reduce anxiety, stress, and loneliness. It is amazing to see when people work on different goals and at the same time help each other when required.

  • Increase efficiency:

Working comfortably at home is great, but a busy home environment can distract us in both good and bad ways. You need a space where you can sit and talk with your team in peace. Being surrounded by people with a hunger to strive better is good for your working spirit. It increases your efficiency and creativity.

  • Alternative ideas:

By sharing a workspace with other companies, you may find a great idea of your interest for your next venture. That is called the spirit of healthy competition. It can become a path to your next big idea by getting inspiration and ideas from people around you.

  • Accessibility:

Many established, growing companies or freelancers work in coworking spaces which provides them accessibility to various resources, amenities, location preference, and other facilities at a share-based cost. Each coworking space will always have basic facilities like an internet network, conference room, printers, and some will have snacks facilities like tea, coffee, etc. too.

  • Flexibility:

In coworking spaces, you don’t need to sign a long-term lease for getting a working space on rent. It follows a general pay-per-use policy. That means pay only for the period you require a space to work.

A Wrap-Up

On a basic note, coworking space is when people working on different projects with different companies and different goals assemble in a neutral space to work independently. Working in such an environment has both pros and cons. Choosing it wisely depending on your needs and priorities will help you to enjoy more advanced facilities at a reduced cost.

*** While selecting a coworking space, certain things that need to be considered are communities, workspace environment, and amenities. As said, better the coworking space, better the work spirit. 315 Work Avenue is there to provide such top-notch working space in Bengaluru with various options and advice, and that too at a reasonable cost. Feel free to contact them now.