Jun 12, 2018

4 Reasons Why Co-Working Is Better For Your Business

We get it.

Staying at home is so comfortable…though you may find yourself in front of the heater snuggled up with the last thing on your mind being, work.

But then, you don’t want to commit to a long lease...

Have you ever considered co-working space?

We’re here to tell you why a co-working space may be better than you realise!

  1. Community

“You won’t understand the unabashed power of a community until you’re part of one”
Anonymous

Establishing your own startup is often described as the hardest and loneliest. It can often be difficult to see the light at the end of the tunnel, so why not surround yourself with like-minded individuals?

It not only expands your personal perspectives, enables networking opportunities, expands your knowledge, it also provides a support network during those highs and lows.

But that’s not all.

Research shows that those who work in a co-working space are four times more likely to succeed than those who don’t.

Let us give you an example.

How many times will you be walking over to the kitchen for a cup of a coffee for that afternoon pickup or a snack?

There will be no doubt be small talk in the kitchen while you wait for that coffee to brew, or that occasional hallway chat involving the progress of your startup. These conversations unknowingly keep you accountable in achieving your goals.

Being part of a community who understand your struggles will enable you to push harder and stay motivated on your journey!

 

  1. Learn through Mentors and Collaboration

“Mentoring is a brain to pick, an ear to listen, and a push in the right direction.”
John C. Crosby

Most co-working spaces offer talent and driven mentors with specialised skill sets.

In the heart of Sydney CBD, you will have access to a range of different co-working spaces including Sydney Startup Hub which is home to permanent residents such as TankStreamLabs, Fishburners and Stone and Chalk who cater for tech startups building a tech product or platform.

Take that extra step in connecting with mentors who will guide you. Sometimes you will pick up skills which will help you later, whether its learning about marketing strategies or the latest tidbits on improving SEO.

Starting from scratch can be daunting, you will need that extra advice or expertise to avoid  common mistakes and grow your business faster!

 

  1. Cost-Effective

“Beware of little expenses; a small leak will sink a great ship”
Benjamin Franklin

Co-working spaces present full-equipped offices with different sizes according to your team’s needs.  You won’t need to worry about the setting up expenses or the commitment to a lengthy lease.

Co-working spaces vary by location, costs and sizes. You can rent rooms for important meetings and provide rooms for team members. The usual coffee shop may suffice, though meeting rooms add that extra professional touch.

You can focus on growing your business, rather than spending your time, money and energy in finding furniture or equipment. Instead, these will already be at your disposal!

 

  1. Flexibility

“Flexibility is the key to stability.”
John Wooden

Not only is it cost-effective, co-working spaces offer flexibility in easily manoeuvring your desk count without worrying about relocating.

Although there is the opinion that a co-working space is only for freelancers or solo entrepreneurs, most present solutions for larger teams! Scalability is possible in a co-working space while accessing bigger meeting rooms, the same office address and maintaining close ties with those who experiencing the same journey!

This flexibility is an extra source of support as it will be in a space you are comfortable and familiar with!

 

So, how do I find the right co-working space for me?

A great way to seek the perfect co-working space is to simply give it a try!

That easy? Yes.

Pay a visit to events they host or spend a day a two there and narrow those options down.

Sometimes, that perfect co-working space is right ‘round the corner and you need to know the intangibles such as the culture and surroundings, to know exactly what you want! You can only know what you want by giving it a go!

The Best Co-Working Spaces in Sydney

  • Fishburners
  • Tank Stream Labs
  • WeWork (Martin Place, George St, Pyrmont)
  • Stone & Chalk

The Best Co-Working Spaces in Melbourne

  • WeWork (Collins St/Bourke St)
  • Space&Co

The Best Co-Working Spaces in Brisbane

  • Fishburners
This information is of a general nature only and does not constitute professional advice. You must seek professional advice in relation to your particular circumstances before acting.

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