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While WeWork’s IPO has been much maligned and controversial to say the very least, it does show that coworking spaces aren’t just a passing fad. Bridging the gap between the expense of a full-fledged office and working from home, coworking provides not only an environment that’s more conducive to productivity for many people, but also a place for soloprenuers and small businesses to network. But, coworking isn’t for everyone. It’s also not just one thing. There are many different types of coworking spaces available. While it can be a game-changer for some, for others, it’s just an unnecessary expense. Here are some points to consider if you’re thinking about coworking.
Can A Coworking Space Meet Your Needs?
Coworking has all the benefits of office space without the commitment, hassle and expense of build-out, furniture, utility and other costs. With conference rooms and other amenities, it gets the job done so you can get your job done.
However, the environment of a coworking space can also hinder productivity, especially for those used to the controlled environment of a home office. You may still find people who talk on the phone too loudly, obnoxiously chew their food, and skip showering after a lunchtime spin class. Even if you have a small office with a door that closes, you simply can’t avoid people the way you would be able to if you were alone.
Can A Coworking Space Fit Your Budget?
The great thing about coworking spaces is that there are options for a variety of budgets. Most coworking spaces have several tiers. These range from private suites to dedicated desks and hot desks, which are essentially access to a workspace, first come, first serve.
Some coworking spaces have membership options allowing you to access a hot desk one day a week to several days a month. This can be a helpful option for people who work from home and can’t quite make a hot desk work within their budget or spend a lot of time on the road. It’s also a great way to try out different coworking spaces without a commitment until you find the right fit.
If you have a strict budget and can’t quite find room for WeWork or another luxury level coworking space, know they aren’t the only game in town. There are economical options, if you know where to find them. Much like gyms, you can run on a treadmill at Equinox or Planet Fitness. If you only need a desk, why waste money on amenities you won’t use.
Networking And Events
Networking is one of the most important aspects of business and coworking spaces provide opportunities for it in spades. In addition to the nature of the environment, many coworking spaces have events, seminars, fitness classes, yoga and additional opportunities to meet new people.
One of the newest trends in coworking is private membership clubs. This is an especially popular choice for women with the rise of The Jane Club in Los Angeles and The Wing, which has locations in different cities. For those want to be around like-minded women, these spaces provide camaraderie you won’t find elsewhere.
There’s also the Soho House and H Club, which cater to those in creative fields and are open to all genders. They offer hotel-style amenities among other things. After all, if you don’t have a traditional business, do you really need a traditional work environment?
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