Why Do Coworking Spaces Work?

Today, a larger number of people are working for themselves more than ever. More and more are freelancing or opting to bootstrap their own venture. Whatever be their choice of work, what bothers them is the availability of a space they can work uninterrupted while still having fun.

Freelancers with projects that do not require them moving around usually opt for either coffee houses or their homes as their workplace, while startup owners with small teams rent offices. Both options prove unfeasible in the long run - if one is not  distraction-free, the other is not cost-effective.

So, what does a feasible option look like? Something like coworking spaces. According to DeskMag, in 2014, there were more than 110,000 people working in one of the 2,500 coworking spaces available worldwide. It was also seen that there was an increase in the number of coworking members by 245 people on an average on each work day.

Why coworking spaces are clicking for so many people? To answer this, we picked brains of a bunch of coworkers and the following are our findings.

Making Success Stories

FACT: If, as a freelancer or a small team, you are considering moving into a coworking space , then the good news is that entrepreneurs and freelancers exhibit a higher level of success when operating out of a coworking zone.  

The coworking concept was unheard of 5 years ago. Yet today, it is trending in the industry. Further, if the modern class is seeing this as a stepping stone for their business, this trend holds potential to become a norm in future.

Ishha Ajmera, Founder of White Crow Consulting, credits joining UnBoxed, a wonderful coworking space, for her success,

"I do not know how to quote in terms of numbers, but being at a coworking space has played an integral role in channelizing my energy into my core area of work. It's not expended into arranging tea or coffee or taking care of the electricity for my team. My energy is only focused on doing my work. So definitely I would say, that coworking has given me freedom and an increment of about 30% in my efficiency."

A recent study done at the the Global Coworking Unconference conference states the fact that 84% of people felt more engaged and motivated while 67% confessed an improved professional success at coworking spaces.

Creative Collaboration

Coworking spaces like UnBoxed, which are membership-based, accept anyonewho needs affordable work space. The members range from architects to web developers, entrepreneurs to freelancers, and even artists, all working in one big shared space.

"If you are sitting with a small group of people, doing the same kind of job everyday, you will never have interaction with other folks. There would be no synergy. However, if you talk to different individuals, you realise different kinds of problems and develop an innovative approach to their solutions.
The environment at UnBoxed Coworking is flexible and members are equally open, and the atmosphere is very conducive to my process of ideation. It's perfect!" exclaims Gunjeet Parmar, Entrepreneur, Crafty Hands.

Many feel the difference of work style right from the first day itself. Additionally, the chance to meet interesting people coming from different professions and backgrounds makes this concept all the more inviting.  

At a coworking space, people don’t have to match a company’s criteria and hence, they feel more relaxed and free to work in the way they find most suitable. Without holding anything back, they bring their entire selves with them.

Financial Feasibility

As we have established, these collaborative places are highly affordable financially.

"People should definitely opt for coworking spaces. If I consider the finances, unless I am a team of 10 and I need a separate cabin for private team discussions on an everyday basis, there is no point in renting an office", says Ishha.

Managing everything, from furniture to food  to the office infrastructure just for a team of 3 or 4 is not wise. At Coworking everything is taken care of- Most of the amenities are free and all you have to worry about is your work.

Pankaj, Founder of Payona, quotes:

"While looking for a workspace for my team, I was looking for a fully furnished place with a great ambiance. I discovered UnBoxed online and decided to check it out. I liked the place. It suited my team's preferences and I am quite happy with what I found here."

When coworking can make life so easy, then surely one should give it a try.

These are only some of the reasons why these spaces work for most startups and individuals.

Today businesses do not require the same level of infrastructure as they did in the past. This is the reason for increased number of independent workers and micro-businesses.

So are you still asking yourself  why coworking spaces work?