Coworking Spaces - Five Reasons why they are Perfect for Young Entrepreneurs

by Zaara 26, Mar 2021

Coworking Spaces - Five Reasons why they are Perfect for Young Entrepreneurs

So, you have started a dream business this year - where are you going to work?

Have you ever thought of working in a coworking space?

In the last few years, coworking spaces have become a natural choice for young professionals and startups. With a wide range of options to choose from, entrepreneurs, startups, and freelancers can easily find what suits their needs best. And unlike traditional office spaces, coworking spaces are occupied by a wide variety of professionals from different industries in a communal, collaborative setting.

Suppose you are an entrepreneur who likes the flexibility of working from home but not the downsides of combining your living and working spaces. In that case, you should opt for joining a coworking community.

Skeptical? Well, why don’t you give a read to the rest of the article? We have listed down a few reasons why a coworking space might be ideal for you.

1. Coworking Spaces are Cost-Effective

As an entrepreneur, your startup has just been launched in the business world. You will look for cost-cutting wherever possible, as keeping a low overhead is essential. Signing a five-year lease on office space, purchasing all the essential furniture and equipment, and paying for rent, utilities, and other expenses every month can be a drag on your growing bottom line. Coworking spaces are provided on a month-to-month basis, much like a club membership, and you can add new memberships as you add employees.

2. Coworking Space provides you Networking

You will network on a whole new level.

Coworking spaces are used by a community of entrepreneurs, freelancers, and small businesses, so there are plenty of networking opportunities with people trying to build a business. Being an entrepreneur is a learning curve, and the speed of your success is limited to the rate you can learn about starting and running a successful venture. Having access to other people to communicate your day-to-day challenges has been vital to our growth.

Many spaces also encourage their members to host events to showcase skills and market their business. The area often promotes such events. In a few cases, you’ll have experienced community managers on hand to help you with everything you’ll need to run a successful event.

3. Coworking Spaces are All-Inclusive

One of the other significant advantages of coworking is avoiding all the other private office space startup costs, including furniture, additional lease service charges, utilities, and appliances (coffee machine, microwave, fridge, etc.). Finding appropriate private office space can also be very time-consuming.

A coworking space membership typically includes:

  • A desk and chair (depending on the membership level, this may be any available desk, a dedicated desk, or even a private office)
  • High-speed internet (wired or Wi-Fi)
  • Access to a shared printer/scanner/copier
  • Bookshelf space
  • Free tea, coffee, and kitchen facilities, including a fridge and microwave
  • The use of a conference room (on a reservation basis)

You can also add team members at any time without the costs and commitment of commercial lease space.

4. Coworking Space provides Regularity and Motivation

When you’re in a coworking space and get stuck (or distracted), the nature of the area encourages you to get back on track. Everyone around is focused, bent over laptops, or in the discussion. When we are around other motivated and productive people, it tends to rub off. When we’re not, it’s too easy to lose enthusiasm and allow more distractions to creep in.

On the plus side, coworking spaces, especially if you have a growing team, can mean that all team members are in the same place in one room. It also encourages networking from other companies in the space because of people’s natural habits— grabbing coffee, sitting in the lounge area, taking a lunch break. You can also always ask someone in your community for help.

5. Coworking Space Inspires your Creativity

Working from home can sometimes lack the level of creativity you need to run a business. Surrounded by empty coffee cups, clothes, and that DIY you haven’t finished are things you don’t need to see when you’re trying to focus on your business requirements.

Base yourself in a coworking environment, and you’ve escaped the household chores, and you have businesses bouncing ideas off each other around you. Coworking décor, too, is often very different from a home environment or even a private office. Many are designed with a unique theme in mind that will help you think outside the box.

Make your informed decision by going through these points and doing your secondary research.

We at Commitbiz can arrange for office spaces or warehouses for rent in Dubai to suit your specific needs. Our team of experts can help entrepreneurs like you set up their office in Dubai and the rest of the UAE – you need only to tell us what and where you need it. For offices that bring your business to life, do contact us, even if it’s just for a piece of friendly advice.