Advantages of being in a coworking space for your startup

I happened to have a conversation with a friend yesterday. We were talking about startups and freelancing life. Out of nowhere, he asked me, “What’s the most startup thing ever?”

I thought of a few answers. Clichés like “The Social Network is the best movie”, “Elon Musk is God”, etc. But, nothing tops the answer I gave him.

I told him, “The most startup thing ever is a coworking space.”

Coworking space, while not a startup cliché, is a fact of most freelancers and (tech) startups. And there are a few reasons behind it.

1. Low cost

Money matters. 

Also Read:Standing vs. sitting desks: the ongoing debate on best company practices

Not every startup is a unicorn business that gets millions in funding. In fact, that’s a rarity. In the real world, some bootstrap; some get little capital; some wait for their brand to get noticed. 

There can be a thousand such possibilities to not rent/buy a commercial space and build everything ground up. In such cases, coworking space is a low-cost option.

2. Value for money

Coworking spaces, despite being low-cost, are a super-value deal.

Coworking spaces have hot desks for individuals to dedicated offices for an enthusiastic business team. Facilities like stationery, printers, pantry/cafes, parking spaces, high-speed internet,  meeting rooms, and many such essential amenities come with the package.

Value for money deal, indeed!

3. Environment

A startup is like a baby. It takes the right environment to grow. And coworking spaces provide that.

Most of the coworking spaces are filled with like-minded people, may it be startup founders or freelancers.

Jim Rohn said it best: “You are the average of the five people you spend the most time with.”

In coworking spaces, people from different professions help each other, adds a new perspective, motivates and inspires, and do everything in their power to support your goal. You do the same too, of course.

Overall, it’s a bonding — a mutual push — that the surrounding of a coworking space provides.

Also Read: The benefits of coworking based on business size

4. Opportunities

One of the popular sayings in any business is, “Your network is your net worth”.

Meaning, to improve your net worth, you must grow your network.

And coworking spaces provide that opportunity. 

You can compare a coworking space with a community. You get to meet new people every single day.

Moreover, many networking events get organized for coworking space people, which can add up more opportunities for your startup.

5. Others

There are several additional advantages, as well.

Minor things such as no distractions or temptation, a physical business address, etc. also add up in making “Coworking space” the most startup thing ever.

Wrap up

Though there are several startup clichés, coworking space is the most startup thing ever, according to me.

What is the most startup thing, in your opinion? Let me know in the comments below.

Editor’s note: e27 publishes relevant guest contributions from the community. Share your honest opinions and expert knowledge by submitting your content here.

Join our e27 Telegram group here, or our e27 contributor Facebook page here.

Image Credit:Helena Lopes

The post Coworking space: why it’s the most startup thing ever appeared first on e27.