5 Benefits of Co-Working for Solo Entrepreneurs

India has witnessed a huge boom of Co-Working and business work spaces in the recent years. Co-Working is a way of working that is not only an opportunity for bootstrapping a startup, but also for overcoming the entrepreneur's blues. It's an inexpensive means of support and office space.

Co-Working is an emerging trend for a new pattern for working. As well as entrepreneurs, work-at-home professionals or people who travel frequently end up working in relative isolation. Co-Working is the social gathering of a group of people, who are still working independently, but who share values and who are interested in the synergy that can happen from working with talented people in the same space.

A Co-Working space is not just about getting out of an unhealthy work situation or a rented desk, it is a source of inspiration, networking, collaborating, making new friends, getting work done and a source to create new opportunities for your business.

Here are some potential benefits of Co-Working spaces for young entrepreneurs, freelancers and small businesses:

1. Professional meeting space:- Co-Working facilities normally offer a conference room or meeting space that you can use to meet with clients. This will set your company above other competitors who may be using their home office to work, and a coffee shop or other public location for meetings. Using a shared office space gives you the perfect place to meet with potential clients in a professional setting. Co-Working spaces give you the benefit of being around other professionals which can help generate business for you and acquire new clients.

2. Networking:- Co-Working spaces open up networking opportunities where you can be updated on what’s going on, find new projects and stay connected to others in your industry. You are surrounding yourself with like-minded individuals who can raise your creativity and share potential ideas for a problem you may be struggling with. The work culture at Co-Working spaces allow easy networking opportunities.

3. Cost Friendly:- Co-Working spaces charge a membership fees which is significantly lower than the rent you’d have to pay for a traditional office space. Workstations, office cabins, cafeteria, conference rooms are almost always included in the price. Even better is that you are not tied to a long contract. You can opt to have full-time access or use it on a part-time basis as needed.

4. Free Amenities:- If you decide to rent your own office space, you’re responsible for paying for utilities, supplies and other amenities. With shared offices, utilities such as water and Internet are included, as are other amenities including coffee and kitchen supplies. This reduces costs and some of the details you have to tackle day to day.

5. ​Taking Yourself Seriously:- This one is a little deep, so let’s start with an example:Working with flip-flops in your pajamas usually decreases your productivity as you are signaling to yourself that you are not in work mode. Using a Co-Working space will make you aware of your appearance and clothing and taking the time to drive to your place in addition to the money you spend on it will remind you that your work is important enough to take it seriously and value your time and skills.

In the professional world, connections are always important. Socializing with other companies is a huge benefit that comes along with using co-working spaces. There is a huge potential for interacting with other employees in the same field. Co-Working communities promote this to a large extend.

The gain from these Co-Working spaces is the worker not only gets a resourceful place to work but a place to share opinions and methods. Co-Working space gives workers a feel of how working together could be made more productive and more dynamic. Co-Working is trend is exploding!