Financial Perks of Co-working

Though a relatively new concept, co-working is gradually taking up an important space in not only the startup system but, also the entire business economy.

Especially, when your startup deals in the fields of the internet of things, big data or artificial intelligence, working in a shared office space is way too feasible than renting an entire office for your company.

The most basic perk of co-working is the massive fall in the monthly office rent. It is obvious to understand that renting out a six-seater table is clearly economical than renting out an entire office. But, this is not even the beginning of the financial perks co-working gives you.

Whether you are a search engine optimizer, PR professional, app developer, consultant, designer, writer, in a group of individuals or a freelancer, co-working comes with its perks for everyone.

• • The Global Village of Professionals

The successful companies have their own villages. Networking takes times but, not in a co-working office. Develop your own community of professionals and get professional services on the basis of personal relationships you build in a co-working office.

• • No Need for Special Events

Being the owner of a company, you are obligated to keep events for your staff if the work environment you provide is redundant. But, if you run your company from a co-working office, work is fun and not monotonous anymore. The office space will have its own events on special weekends to make the already vibrant atmosphere even more bright. So, no need to set a budget for special events.

• • Development

While working in a shared office space, you tend to grow by analyzing the work culture of other companies in the same office. Assume that you are the design head of your creative agency. Befriending the design head of the company sitting on an opposite table can help develop as a designer. Your skills will take a creative turn with the new tools you are exposed to.

• • Hands-off Incubation

An advice never heard before can come from anywhere in a coworking office. It might prove a boon and take your product in a stage of seemingly visible profit. A good co-working space like Incuspaze will also make sure to have regular sessions with expert business from various fields and specialized incubators to make the process of up-gradation going.

In a nutshell, the generation of co-working spaces is here and it is high time to start working from one, now. The creative spark now needs a touch of professionalism and networking to ignite an entire fire of productivity and profitability. So, what are you waiting for? Join a co-working space today!

P.S. We would love to know your views on co-working. Share them in the comments below!