The coworking phenomenon has witnessed global expansion recently. The demands from consultants, freelancers, and solopreneurs led coworking spaces to grow like never before. The popularity of coworking spaces can be estimated from the fact that the demand fuelled from 5% in 2017 to 8% in 2018 and further to 12% in 2019 (Source: FICCI Report). Supplemented by the wants of the new generation entrepreneurs and the desire for space management, the popularity of these spaces is expected to increase in the future.
Coworking spaces are not confined to small businesses and start-ups. It is no surprise that big brands, MNCs and even Fortune 500 businesses are embracing the concept. The flexibility intertwined with amenities is attracting the whole community. But, space management and flexibility are not the only benefits of coworking spaces.
Today, coworking is moving beyond meeting the generic needs of businesses. These vibrant spaces are creating a sustainable working ecosystem that provides new opportunities for growth.
So, let’s dive into some of the ways in which it can help your business grow faster :
Extensive Networking Driving Organic Growth
In traditional office spaces, you would need to travel on and off to events and seminars to get some networking opportunities. With coworking niche evolving, it is easier to find a network with similar interests. You can join hands with like-minded people and outwit the competition. Not only people with the same interest, but peers from different domains can collaborate to thrive together. Indeed, these spaces are home to various networking opportunities.
Encourages and Increases Productivity
Coworking spaces have a great ambience with ergonomic workstations that leaves a positive impact on everyone’s mood. It promotes body-mind coordination and enhances concentration. Anyone who has transitioned from conventional space to coworking space has seen improvements in productivity. The positive influence can be leveraged to push each other to better benefit the business.
Help You Be More Innovative
Since coworking brings businesses working in diverse industries together, it creates a fertile ground for new ideas. It fosters innovation and let flow the wave of creativity. While small start-ups can discover new roads for growth, corporate houses can share ideas quickly. The unique energy of these spaces can create new pathways that can boost growth rapidly.
Impresses Clients, Candidates, and Investors Alike
The high-quality meeting spaces, friendly community, fully equipped meeting and conference rooms, and a refreshing ambience are all you will encounter at a coworking space. Bringing guests, clients, and investors, at such places can instil trust.
Furthermore, these coworking hubs have a huge potential of attracting and retaining talent. The right talent recruitment can bring significant perks to the prospective employer and employee both.
Different Services Under One Roof
Business support services like IT, HR, registration, legal compliances, etc., available in these coworking spaces can simplify the business journey, allowing the owners to focus more on the business operations and work processes.
Coworking is increasingly becoming a new normal everywhere across the globe. These ways of growing business are applicable to all equally, including freelancers, start-ups, and corporate. If you haven’t considered coworking yet, probably it’s time to explore one for your business. AltF Coworking offers some incredible shared office space for rent in Noida that allows you to push your venture towards growth by outsmarting the competition. Request a callback from an expert or book a tour today.