Why Co-working Could Boost Your Business.

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Coworking spaces are popping up all over the place now allowing multiple businesses to operate out of the same location. This might be something you have considered or never even thought of before, but it could boost your business and here’s why…

Lower Office Costs

The most obvious benefit of coworking is the reduction of your monthly office rent. You’ll save lots of money and usually get printing, coffee, conference rooms, and 24/7 access included in the price.

The Ability to Work in Peace

If you normally work from home, then the distractions of your couch, your children or your washing machine can be costly to your business. Getting out of the house and going to a quiet space where you can concentrate can really boost your productivity. Coworking spaces are also great for meetings and or conference calls too. 

Potential Collaboration Opportunities

If you’re working in the same office as someone else or another business and you can find out about what they do and understand their business, then there is always the potential to do something together.

If your businesses complement each other, then why not? It could mean a wider audience for your both but usually cutting costs in half too, for example, you’ll halve the cost of using a mailing house, you’ll halve the cost of a collaboration event and advertising too.

Positive Peer Pressure

Peer pressure isn’t always a bad thing, especially when it brings out your competitive streak and makes you want to aim higher. Working in a coworking space will give you this feeling on a daily basis. If you notice others across the room achieving, you’ll likely feel inspired, and you’ll also get some tips from them.

The Chance To Network

In a communal working space, you never know who you might be chatting to by the kettle or on your way up in the lift. So get talking, ask them questions and network. You might find some amazing talent, or you could get a huge client referral thanks to someone sitting in the office. You just never know.

A Healthy Work-Life Balance

Avoiding working from home means that you have the chance to live a more conventional life that consists of doing your work at work and then you are able to leave it there when you return home to relax and be with your family.

Your Next Big Idea

Sitting in an office with different companies and seeing them work in different ways could really inspire you. You may find your next big idea or your next venture, and because you have watched so many other companies, you will have seen some fail, and some succeed, you will know what works, how to execute a project and how not to.

You never know what ideas you might get, it could be an idea to write a book, or it could be an idea on how to run a business like your co-worker’s better. Being in a place where you are exposed to ideas and inspiration though is priceless.