Significance of Coworking Space for Startups and Small Businesses
By: Pratik Patel
Tags: Coworking, Marketing, Startup, Business, Entrepreneur

The last decade has seen a groundbreaking revolution when it comes to the rise of co-working spaces. There was a time when the ones who lacked capital were forced to rent out space or work from home. While these places have been a success story for many, they pose clear drawbacks that restrict the company from scaling and growing into a bigger one.

If you are a startup or a small business that is finding it hard to operate from a rented-out space or are unable to invest in a place, co-working spaces come to the rescue here! The right address is necessary as it plays the calling card for your services and helps build customer trust and hence customer acquisition.

Co-working spaces also fill the gap by providing affordable working spaces in a professional setting. These collaborative spaces offer their members a varied number of amenities at affordable prices thus saving them from big investment costs. They become the ultimate support system for the new business’s growth as they now have access to superior infrastructure, like-minded people, and prominent locations.

How about knowing the perks of a co-working in brief, so you know that a coworking space will be the ultimate match for your startup both in terms of your business requirements and ethos? Let’s start:

1. Sense of community:

Networking is known to be crucial for startups/small businesses to build a customer base. Coworking spaces play a mediator and encourage collaborative networking. In a coworking space, members are more prone to finding people who think like them which makes it easy to make connections both on personal and professional levels. These people also tend to help the startups/small business by providing freelancing services, help, and advice whenever required so.

2. Flexibility and Affordability:

Coworking spaces have no fixed working hours or workplace; it’s all about what helps you be productive. Also, when a startup grows its business, it obviously starts hiring more people as the need arises. In the expansion stage, a coworking space is more feasible as it is more cost-effective than a traditional working space. Companies can change their membership plans as per the requirement. Coworking spaces are all-inclusive which makes them extremely beneficial and affordable. The members sign an agreement which sets out fess for space usage and amenities which helps in saving a lot.

3. Availability of facilities:

Coworking spaces are well equipped with office facilities like telecommunication services, printing, scanning, conference rooms, parking, and recreational areas. All these facilities tend to increase the productivity and creativity of startups and small businesses as they don’t have to worry about the overhead costs associated with these. All they have left to do is work hard and achieve more. 4. Professional setup: There are many instances where startups getting a kick start in cafes, garages and a single room are heard. These may be beneficial sometimes but not always. The first impressions are very vital for startups and small businesses.

When it comes to meeting clients, cafes and restaurants can only cater to a point but a coworking space provides a professional setup that helps in building trust and hence easier client acquisition.

4. Mentorship:

Startups and small businesses get to connect with people who are much more experienced and have a great amount of knowledge. It is incredibly valuable to connect with these successful people and learn the tricks of the market to succeed. Some coworking spaces also offer mentorship programs and regular workshops where members get to interact with industry leaders and experts.

Liked what you read? If you are a startup or small business looking for a coworking space that has all of the above, join Buro today! Buro is a fully serviced rental office space that provides you with the best amenities at affordable prices. All you have to worry is about your work and all the overhead charges are taken care of by us. This shared office place helps you grow, have a different perspective, and let you take time to relax too. With events like mentor programs, community events, and talks we help you network properly and get things done with ease! Sounds good, doesn’t it?