Jun 12, 2018
4 Reasons Why Co-Working Is Better For Your Business
We get it.
Staying at home is so comfortable…although you've probably found yourself in front of a 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!
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 one of the hardest and loneliest journeys to venture on. It can often be difficult to see the light at the end of the tunnel, so why not surround yourself with like-minded people?
It not only expands your personal perspectives, enables networking opportunities and expands your knowledge, it also provides a support system during the highs and lows of business.
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 do you walk over to the kitchen for a cup of a coffee for that afternoon pickup?
In a co-working space, you'll bump into others in a similar stage of business to you. Inevitably, you'll have 'water cooler' conversation whilst you wait for that coffee to brew. It's these conversations that 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!
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 mentors with specialised skill sets.
In the heart of Sydney CBD, you find Sydney Startup Hub. which is home to permanent residents such as The Commons, Fishburners and Stone and Chalk.
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 your SEO.
Starting from scratch can be daunting, and you will need that extra advice or expertise to avoid common mistakes in order to grow your business faster!
Cost-Effective
“Beware of little expenses; a small leak will sink a great ship”
Benjamin Franklin
Co-working spaces offer fully-equipped office spaces according to your team's needs. No need to worry about costly start up expenses or the commitment to a lengthy lease.
Co-working spaces vary in terms of their locations, costs and size. 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!
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
- The Commons
- Fishburners
- WeWork (Martin Place, George St, Pyrmont)
- Stone & Chalk
The Best Co-Working Spaces in Melbourne
- The Commons (Collingwood/QV Melbourne/South Melbourne)
- WeWork (Collins St/Bourke St)
- Space&Co
The Best Co-Working Spaces in Brisbane
- Fishburners
