Coworking is a business model that’s been around for years. There are thousands of coworking spaces around the world, and many more launching every year. But what is coworking? Coworking spaces allow freelancers, entrepreneurs, remote workers, and small businesses to rent office space on an hourly or daily basis. Most coworking spaces provide desk space along with shared amenities like printers, scanners, etc. But what makes them different from traditional offices?

What is a coworking space?

Coworking spaces are a combination of shared office space, community, and the opportunity to learn from each other. In short, coworking spaces are like an office with all your coworkers replaced by strangers who also need somewhere to work remotely.

Coworking spaces are pretty great for people starting in business because they allow you to network with other entrepreneurs while getting some much-needed exposure to working professionals in your industry that may be able to help you out down the road.

Benefits of using a coworking space

Using a coworking space has many benefits for remote workers, freelancers, and entrepreneurs alike. The most obvious benefit is increased productivity. When you’re working from home, it can be hard to stay focused on the task at hand when all of the distractions that come with being in your own space are there to tempt you.

Additionally, if you’re working from home without much else to do other than work—like an office-based employee who gets bored easily—you may find that it’s easy to procrastinate or stop working at all while also having no one around to tell you otherwise. This can lead to longer hours spent doing less work overall than if you were in a more structured environment with people around you keeping you accountable for your actions which will ultimately help avoid burnout later down the line.

Another benefit of using a coworking space is that it allows entrepreneurs and freelancers more time to focus on what they do best while simultaneously connecting with others doing similar things who might become potential clients/partners down the road. There’s also less need for meetings as well because everyone has their own desk space instead of being crammed into one room together each day where everyone needs equal access.

Why coworking is booming

Coworking, or collaborative work in shared office spaces, is a growing trend. Coworking spaces are becoming more common as companies realize that remote workers aren’t going anywhere and need a place to go where they can interact with other professionals.

Coworking spaces are also booming because freelancers and entrepreneurs need someplace to meet clients while they work on projects. Many coworking spaces offer business services like virtual offices and internet connectivity packages, which makes it easy for startups and businesses that don’t have an office yet to get their feet off the ground without breaking their budget.

How to find a coworking space

Finding a coworking space is the first step to making remote work and entrepreneurship more efficient, productive, and rewarding. Here are some things to look for when searching for a coworking space:

• What’s the cost? How much money can you afford per month? Are there monthly fees or one-time payments required? Be aware of any extra charges that may come up like taxes, utilities, or conference room rental fees.
• How big is it? Does this coworking space have enough room for your business needs? Do you need an office or just a desk, meeting rooms, event space, printers/scanners/copiers, elevator access; etc.?
• Who’s there? Are people from all industries—or just other entrepreneurs like yourself—working there on their laptops or chatting in person? It’s good to network with others in your industry so that you can learn from them as well as ask questions about how they do what they do.

Coworking as a business model

Coworking is a business model that offers shared office space, equipment, and other services to individuals who are self-employed or work for small or medium companies. Coworking facilities typically provide common areas for collaboration, access to technology and other resources, and opportunities to socialize with other members of the business community.

Conclusion

This guide has helped you to understand the benefits of coworking and how it can help your business. If you’re looking for a workspace that offers flexible hours and low costs, then coworking might be just what you need.