1 July

The Coworking Movement: What Is It and Why It Might be Right for You

Whether you’re a small business owner or a freelancer, planning a start-up or self-employed, one of the most important decisions you’ll face is where to set up shop. You’ve likely considered the usuals: home office, rented storefronts or building spaces – but did you know there is another option? The coworking movement is trending today, and for good reason.

What Is the Coworking Movement

Coworking is a relatively new concept that’s quickly gaining ground in the U.S. and it’s easy to see why. With the options and flexibility of coworking spaces, they are a great fit for many different entrepreneurs. So just what is coworking?

According to CoworkingResources.org, “coworking is a shared office space where entrepreneurs, freelancers, remote workers, and anyone else who wants access to a fully-equipped space can get a membership.”

In essence, coworking spaces are community offices that allow workers of all walks of entrepreneurship to come together. They are essentially a place to network and share ideas with others while still offering private work and meeting areas for an affordable membership fee.

Strong Growth Pattern

If you’re considering a coworking space, you’re not alone. Statistics have shown coworking spaces have a strong growth pattern, continuing to catch on across the globe. Harvard Business Review explains the new trend is due in large part to the many benefits associated with office sharing:

“…People who belong to (coworking spaces) report levels of thriving that approach an average of 6 on a 7-point scale. This is at least a point higher than the average for employees who do their jobs in regular office spaces.”

With such a high number of employees reporting positive rankings for coworking, researchers wanted to take a closer look. What is it about coworking spaces that creates a highly satisfying work space?

A Networking Hotspot

Since coworking offers unique opportunities to network with others in various professions, the benefits are practically endless. In addition to the fully stocked office equipment coworkers have access to, networking with individuals with other entrepreneurial specialties can be exponentially advantageous.

“In a shared office space, there are usually dozens of other people – if not hundreds – occupying the same location as you, and those demographics will likely change every month. It’s a perfect place to meet new people in the professional world…” writes Forbes.com.

Beyond the Networking Opportunities

Outside of the networking opportunities, there are several other benefits reported by those who are already coworking members. Among the benefits, coworking spaces offer members:

  • Flexibility of membership (monthly, no long-term lease requirements)
  • Freedom (come and go as you please, no set hours or required schedule)
  • Less Pressure (no office politics or competitions with others as with a traditional office)
  • Community Support (get advice and ideas from a wider range of coworking community members)
  • Fantastic office spaces at budget-friendly prices

Above all, the coworking trend is catching on because it offers a unique and affordable office experience for those looking to get away from the traditional conformity. With the flexibility and networking opportunities associated with coworking, it’s no wonder coworking office spaces are increasing in popularity.