For solopreneurs, as an example, going into a shared office with other friendly faces around can turn work into a much more enjoyable experience, in comparison to working alone from home.
But even for large companies, a wider community at work offers built-in socializing and networking opportunities. This is a particular boon for corporates looking to increase their innovation by partnering with local startups or entrepreneurs.
Whether you’re a freelancer looking for your next project, a venture capital investor looking for the next big technology to back, or a manager from an established company, making connections is crucial for success. Coworking automatically puts you in touch with like-minded people in your area, thereby breaking down some of the barriers to initiating those important collaborations.
Some coworking providers create online communities for their members as well, such as apps or internal social networking platforms. This allows members to connect with one another across locations and to reap the benefits of their coworking community, even during pandemic-imposed distance.
Ease of use & amenities
It takes work to manage an office — just ask any office manager! Keeping an office running entails everything from stocking printers to coordinating an office move to calling the HVAC company when the air conditioning goes berserk.
At a coworking center, many of these tasks are handled by the coworking provider. Offloading infrastructural upkeep offers two major benefits to companies: saving time and saving money. For example, a lean tech startup that would otherwise have to choose between an office manager and, say, a software developer can opt for the hire that directly contributes to their core business. Larger businesses, too, often find that having the support of their coworking provider to handle logistics helps them run their offices more simply and smoothly.
Coworking centers come with physical features and equipment that might otherwise be impractical for an individual organization to maintain. Can you imagine a three-person company renting an office with a conference room, a stocked kitchen, a lounge area, a 3D printer, and an event space? Probably not! Shared workspace allows a company to access all of these features, regardless of their size.
The Googles and Facebooks of the world are known for the bells and whistles of their campuses — free food, ping pong tables, live music at lunchtime, you name it. Small, medium, and other large-sized companies that wouldn’t be able to provide such perks on their own have found that by basing their offices at certain coworking centers, they can offer compelling amenities to their employees, which becomes a competitive recruitment tool.
Now that we’ve looked at three common reasons that coworking can benefit its members, let’s discuss a few strategies for making the most out of your coworking experience.
Tips for maximizing a coworking membership
Thanks to its rising popularity, individuals and companies have more coworking options than ever before. Here are four suggestions on how to choose a coworking space that suits your needs and take advantage of all that this model has to offer.
1. Look for flexible terms
When looking at coworking options, check the time frame of rental agreements. How quickly can you move into a bigger or smaller space if you need to, or add more members to your team? How much notice do you have to provide prior to move-out? This will differ from provider to provider.
Think ahead to your months and years ahead as a business — your anticipated cash flows, staffing changes, growth goals, etc. — and what level of flexibility would serve your best and worst case scenarios.
2. Assess location
Things like parking, access to public transportation, neighborhood amenities, and relevant businesses nearby all figure into the quality of your workday — and can impact business opportunities. For instance, many life science and innovation-focused companies rent space at CIC Cambridge because it’s located in Kendall Square, a globally recognized hotspot for science and technology research and commercialization.
Relatedly, one great thing about coworking centers is that you can often get a workspace in a prime geographical location that would be out of reach if you or your company were renting independently. Ten years ago, a downtown office with a view may have seemed unrealistic for a small startup. Now it’s doable at a coworking facility.
In addition to assessing the location of your own workspace, look up what other locations a coworking provider maintains. Some providers let you bounce between centers with your membership, which can be especially useful for people who travel frequently or do business in a variety of markets. Plus, the different cities or countries where your coworking provider operates are all potential pathways for networking and collaboration via their internal community platforms. We’ll talk more about relationship-building next.
3. Get engaged in the community
Coworking is like built-in networking without the awkward or phony pretense. You naturally run into people — at the next desk over, at the coffee machine, or at member events. Be curious about the people around you and what they do. Many friendships, collaborations, and business partnerships have started this way.
To get proactive with relationship-building, look for events in the coworking space and make sure to join your coworking community’s virtual network. You could even ask support staff for relevant introductions!
4. Ask about membership perks
If you’re paying for coworking, you’re probably paying for more than workspace. Coworking providers often have perks for their members, ranging from discounts on hotels or car rentals to in-house services like notaries or wellness programs. These benefits might be listed on the coworking center’s website, but they could also be viewable by members only. Feel free to inquire about these kinds of benefits before joining a space, and keep an eye out for new perks during your stay.
At this point, we’ve discussed the definition and history of coworking, who it’s for, and why coworking is useful. We’ve also covered four major ways to tailor your coworking experience to your needs. (We share even more tips for optimizing your coworking membership in this post.)
Ultimately, basing your workday at a coworking space instead of a traditional office, or exclusively working from home, is meant to make work and life easier. In the coworking model, people and companies share space and resources, allowing them to access more than they could on their own. And in the process, users offload many of the burdens of managing an office and become part of a community.
Looking for flexible workspace for you or your team? CIC offers a variety of workspace solutions, customizable to your needs.