Many startups start their life in someones home, in coffee shops or if a decision is made to - in a hot desking environment. But once things properly kick off, often the need arises to have a place where you can get down to business, concentrate and get on with things in a distraction free environment - this is when a coworking space can play a crucial part in the development of a startup.
The number one reason why people opt for a coworking space is flexibility. Startups can expand from 1/2 people to 10/15 in the matter of weeks. All of this is made possible by allowing startups to rent by the desk, rather than spending thousands on a large empty space. This means you can sign up as a freelancer all by yourself, and be the owner of an SME by the time you leave. Success!
Networking is also a powerful part of the puzzle, not only do shared/coworking spaces mean that you could potentially end up making some powerful partnerships because you work right next to a myriad of companies that might be useful to yours, some spaces also have access to mentors, startup advice, and even angel investors at hand for coaching.
Finally, office spaces aren’t just a place where you concentrate however, it isn’t just that place you drag yourself to every morning and and it certainly shouldn’t have to be boring. Many Coworking spaces are places that are inspiring, colourful, fun and a place where a company can grow. This is because many coworking spaces are known for offering large business centre amenities at startup prices.