Working closely with other people instead of at home or Café Neo (a wonderful coffee shop in Lagos) is a pretty awesome experience for many entrepreneurs. As a startup with little cash to play around with, it makes a lot of business sense to opt for a co-working space. But you may be asking, what is a co-working space, and why should I choose to work from one? Our friends at LeadSpace have the answers for you.
What is a Co-working Space?
A co-working space in its simplest term is a shared work environment. It’s a great place for entrepreneurs from different walks of life to work independently or collaboratively within a thriving ecosystem. Some perks of co-working spaces are that it provides a levelled ground for entrepreneurs to discuss, share ideas and also leverage on the human capital available around them.
Why Should You Work From A Shared Office Space?
1.) You will always get great value
Co-working companies are very familiar with the needs of startups and most of them offer a variety of services that can help you grow your business. These range from pitch events in front of investors, to basic things like “what to look out for when signing a nondisclosure agreement” and “the basics of accounting”. They frequently host training, workshops, seminars and other learning activities, and even if the company itself can’t help, you can always ask your fellow coworkers for help or advice.
2.) You’ll be surrounded with positive energy
Entrepreneurship is very hard, and there are times you would just want to give up and take the easy route. There will be times when you doubt yourself, your company, your mission and also lose sleep over issues that might collapse your business. Surrounding yourself with smart, dedicated and hard-working people is the best cure for the startup blues. Whatever challenges you’re facing, someone else has probably already faced (and conquered) them, and it’s great to have a constant reminder of that.
3.) Access to the first users of your product
I could remember when we launched Talking Bookz beta version, we had the opportunity to meet some of our coworkers and ask them to download, review and give feedbacks on our mobile app. This really helped us because they gave us honest feedbacks and we learnt a lot from them. It was way better than asking family and friends, who would sometimes want to massage your ego or wouldn’t want to hurt your feelings by telling you the truth.
4.) It is very affordable
Co-working spaces offer freelancers, individual entrepreneurs, and team members a chance to work in a fully equipped office without worrying about the costs of setting up an actual office. By getting a shared space, you can easily operate your business without needing to compute and allocate funds for building, rent, Internet, office equipment and various other expenses that comes with starting a business. In essence, you won’t have to break the bank to get things done.
5.) Increased productivity
Be honest, working from home comes with the most distractions possible. For example, you can have your spouse, mom, kids, dogs hovering around your workspace, which can acts as a major distraction. However, in a proper working environment, you are motivated to get on with your daily tasks without much distraction but with a great deal of focus.
Another benefit is that you get inspired when you see other coworkers making things happen. When you work from a co-working space, you get thrilled by all the success stories you hear and can see around you, which keeps you motivated to get results for your own business.
Working from a co-working space will surely increase your productivity; give you access to first users, and a great deal of value support. Which means you wouldn’t have to worry about so many things, but to focus on what would move your business forward. If you’re on the fence about co-working, you should go see a few spaces and talk to the people there — I bet you’ll be convinced.