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Co-working Spaces – Are They Right for Your Startup?

coworking

Tired of working alone at the local coffee shop? Maybe it’s time to rent a co-working space. It’s a great way to meet fellow freelancers, entrepreneurs and other solo workers.

According to Forbes, The Bureau of Labor “estimates that by 2020, about 65 million Americans will be freelancers, temps, independent contractors and solopreneurs, making up about 40 percent of the workforce.” As a result, co-working spaces are popping up in most major cities.

The perks of co-working

A study from Deskmag.com found that people who rent co-working spaces benefit from the experience in many ways:

  • 85 percent are more motivated
  • 88 percent interact better with others
  • More than half now work with a team

The co-working environment is definitely a win for many entrepreneurs. In addition to these stats, Deskmag found that 60 percent can relax more at home and 42 percent reported higher income.

Here are three more reasons you should consider a co-working space for your startup.

1. You make connections

It’s all about who you know, right? A co-working space is better than any networking event. You meet brilliant entrepreneurs who can help you strategize. Share insight on each other’s businesses; it’s a win-win for everyone involved. And who knows – that person at the desk beside you could be a future investor or business partner.

2. The price is right

Every penny you save is one more penny to invest in your startup. Most co-working spaces offer affordable rent, ranging from daily to monthly contracts – so you aren’t committed for long. You’ll also have access to necessary amenities, such as printers, fax machines, meeting rooms and more.

3. Gain (or borrow) unique skills

Chances are you won’t have much competition at your co-working space. You’ll find a great variety of workers – writers, designers, developers, businessmen/women and others. Take advantage of these skills. Trade your skill for another’s, or sit down and teach each other what you know.

Indie Ballard co-working space in Seattle, WAWhere are they?

To put it simply – everywhere. Co-working spaces are emerging in nearly every city. Here are a few of the best around the country:

  • Verizon and HarlemGarage have a partnership which provides occupants with the fastest possible Internet speed in New York City. According to FiOS.Verizon.com, users in some parts of the country can expect speeds up to 500/100 Mbps.
  • HeraHub in San Diego, California offers a women-only co-working space. In addition to affordable rent, multiple seminars and Q&A sessions are offered each day, so that women can grow their potential and nurture success.
  • The Indie Ballard in Seattle, Washington earned a 98 (out of 100) Walk Score. Everything one needs – gyms, bars, grocery stores, restaurants and more – are all within walking distance to this co-working space.

Photo credit: Inhabitat Blog and Indie Ballard

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About the Author

Alexis Caffrey is a freelance writer with a focus on technology, new media, and design. In a former life she was a graphic designer based out of New York, NY.

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