Coworking is a business accelerator. It presents an opportunity to work in a professional environment alongside like-minded professionals with similar interests. Coworking fosters communications and collaboration by a sole virtue of sitting together with other people – it’s like an agile environment that so many organizations are trying to establish right now in their own offices where open space is aimed at keeping people engaged and collaborating. The communication aspect of Coworking opens a natural way to tap into networking opportunities that it provides, and thus enables easier ways of finding new clients, customers or business partners.
–Image above shows IQ Office Suites Coworking —
Coworkers are mostly associated with freelancers – independent specialists who are not constricted by the 9-5 schedule and are not tied to any individual employer, but rather take on assignments as they wish and when they have time. But in reality only 50% of the users of Coworking Spaces identified themselves as freelancers. 40% categorized them as employees and 10 % are employers. Which brings up a good question: who is Coworking popular with?
An interesting fact is that 40% of the Coworking members would like to hire from 1 to 2 people and 27% would like to hire 3 or 5 persons for their own businesses, and with the networking opportunities that Coworking Spaces provide, this becomes an easier task for them.
Coworkers could be described as new entrepreneurs and researchers: organized, self-motivated, independent.
The total number of global self-employed workers are large and is growing. In the recent years, with more and more people doing precarious employment, the trend is towards a growing number choosing to do some sort of their own business. Using Coworking Spaces is the choice that these folks make as a cost-efficient office space that will not hit their small business budget. This growth will continue to drive the demand for Coworking offices.
Startups are looking for the price and try to get more advantages from the flexibility and location of the space. Plus, there is a social advantage of that they can benefit from by signing up for Coworking. Going back to the communication component of Coworking, there are a lot of self-motivated independent and curious persons to discuss business with in the Coworking places, and this facilitates finding of suitable business partners for startups with the skills that are needed to grow them. With the number of startups immensely growing in the last few years, there is no stopping to the growing demand for Coworking offices.
The Corporate Coworking
Corporations are also moving to Coworking. According to the statistics one third of the memberships purchased was paid by the large employer. Some companies use this option for greater workplace flexibility and agility which also reduces their exposure to long term leases. Coworking is also great for corporations using remote or offshore teams of professionals but do not have an official office in that location. With the increased trend moving towards using agile workspace, hiring offshore teams, and also an increase in the usage of work-from-home arrangements, Coworking trend will only continue growing.
Coworking has something for everyone, and we have seen an unprecedented growth rate in the last few years. This trend is only expected to continue!
Have you joined a Coworking Space? What is your favorite Coworking Office?