5 Reasons that make a Coworking Space Successful

What makes a coworking space successful?

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The changing trends in the work style have brought major shifts in different careers. Many professionals today are interested in coworking spaces. These spaces have turned out to be an interactive destination for many professionals working in different sectors. There are different reasons for the success of coworking spaces today.

TOp 5 Reasons that make a coworking space successful

Economical

Affordability is the prime reason behind the popularity of the shared spaces today. Renting these flexible shared spaces will be more economical than renting a commercial building. These spaces bring the art decor along with other essential facilities and amenities like pantry, meeting rooms, conference rooms and many more needed facilities. The spaces can be a great choice for the people who are not willing to invest much in the capital and run tight on budgets. These spaces also have a pay as per you use the feature in place so that you can book spaces that fit your work requirements. This feature makes the option a great value for money.

Flexible Working

Coworking Space in Noida is successful because of its provision for flexible working hours. With flexible work hours, people connect with their remote team whenever they want. They can meet any of their last-minute requirements anytime they want. If you think you are more productive during late hours, you can work as per your flexible timings as these shared spaces are accessible to users 24/7. It will effectively support the work schedule of the clients who work overseas.

Community

Coworking spaces are shared by people working under different backgrounds. They share the same work floor, so the shared spaces bring a mixed pool of talents from the start-up companies, freelancers, home workers, business travelers and many more. Even corporate employees who are looking for remote location assistance will find a place here. This feature of the coworking spaces turns them into a fantastic forum to interact with varied subject experts. The communities can be a great way to get perspective, motivation under the same roof. This community feeling promotes harmony, essential for personal growth. 

Also Read: Facilities to expect in Coworking Spaces

Office Design

Just walk into any coworking space, you will find the ambiance of a high-end office with user-friendly oozes and pleasant vibes. These spaces are embossed with better layouts and appealing designs of the work stations. They have different spaces like personalized spaces, vibrant cafeterias, green open spaces, recreational spaces in-house, along with various dedicated workstations like hot desks, manager cabins, small team rooms and large team rooms, business lounges and conference rooms. These shared spaces facilitate a good work environment and promote the productivity of the people at the office. It adds a feel-good factor for the people using the spaces and promotes healthy living. 

Business

Successful coworking spaces understand at the end of the day, the aim of every user is to run a successful business and generate a good revenue cycle. A business that wants to generate a good revenue cycle, one needs the right revenue channel, and shared working space can be the right juncture for this as it facilitates people to leverage different revenue streams and balance the risk and growth potential before making an informed decision. 

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The Office Pass, Cyber City, DLF3, Gurgaon

What its like working in a “Coworking space”?

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Working from home!! It sounds exciting for a short period, but you may find it quite perplexing in the long term. For people who want to enjoy the freedom of independent workers but want to stay more productive during office hours, coworking spaces may turn out to be the right choice. Every business has two sides of the coin, and the coworking industry is not an exception.

Coworking work

The shared spaces in Delhi are accessible on paying membership fees, and these payments are quite flexible as per the user’s individual needs. It can be daily or monthly. You will be part of events held here as well as have access to all the perks in the office space. You can choose to rent a hot desk where you are allowed to work in an open work area or a permanent work station. 

You will have access to perks like shared meeting rooms, coffee machines, cafeteria, and have an opportunity to meet more clients.

Pros of Coworking

Community Building

This is the biggest advantage one will enjoy choosing coworking in Noida over work from home. As you spend most of the time with like-minded professionals, you get to converse with them during the work breaks. Not every conversation you build with others turns productive, but it is sure to strengthen your bond with others. It helps you build the community, which is much needed for the progress of your business.

Proper Office Environment

Everybody would like to make most of their working hours in a day, which turns to be quite impossible for individuals while they work from home. It is ignored, a perfect office chair and work station have a key impact on the person’s productivity. When you choose to work in a perfect office setup, your productivity in a day will see an increase in performance.

Cons of Coworking

Noisy

A noisy environment is a primary drawback of coworking space. You might be distracted by other people’s noise around you. If your job responsibilities need you to work more focus and attention. Rent for a private space in the shared office space.

Also Read: What makes a Coworking Space Successful?

Might be expensive

If you are a self-employed person renting the coworking station may turn a costly option for you. It would help if you outweighed your raise in productivity that raises your income with the expense you pay for memberships before making a choice.

Is coworking right for you?

Reading the pros and cons of the shared spaces, you might have concluded if the option is right for you. Here is my analysis that helps you make an informed decision about your choice, whether you are an individual, SME, or corporate office looking for shared space.

You will be the right person to know what you want from renting a coworking space. It paves an opportunity to build networks and communities that increases your business. If you are in a market where the network turns a key for business growth, it should be the right choice. It is vital to check what your priorities are before jumping into coworking options. Few people like to socialize with people during work breaks but not sacrifice their work hours to attend business seminars, so; you should rent your office spaces accordingly.

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Why Everyone Needs a Reality Check on Coworking?

Why Everyone Needs a Reality Check on Coworking?

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Freelancer workers and entrepreneurs can now enjoy the benefits of working in a fully stocked office without compromising on their benefits as an individual worker.  Co-working start-up companies are finding success by offering their employees a fun and collaborative workspace with incredible amenities. Long term suitability and productivity at the workspace have been brewing problems under the surface. The co-working spaces have incredible perks as well as few drawbacks affecting productivity so a reality check on the co-working space turns quite important before making a choice.

Financial Viability

Shared office spaces are bundled with many amenities like printers, Wi-Fi networks, coffee stations and many other perks. The startup company using the space need not worry about paying huge rentals to set up an office. It is a  financially viable choice even for the corporates who want to extend their operations to distant locations.

Unbeatable Perks & Amenities

Shared spaces bring unbeatable amenities that no startup company can afford. Apart from good internet speeds and plug and play work stations, office spaces also equip on-demand meeting rooms, cafeterias, jogging and gym areas of employees there motivating them for healthy workouts.

Flexible Options

Many companies and individual workers would like to go for a demo before they make shared working space their choice of a work station. Adhering to their requirements, they are many flexible options like desk rentals for a  day or month before taking the final call.

Coworking in Golf Course Road - The Office Pass

Collaboration & Networking

This is a huge benefit your business will enjoy with coworking space rentals. You will be working with many people of different professions under one roof and this gives you a  chance to collaborate with your friend companies that may progress your business and build a strong network with the professionals in the other fields that may turn to help hand for your business in near future.

Also Read: Top 7 Coworking Advantages for Mid-Size Companies

Noisy Affair

As people of different professions working around you. working in a shared space can be a  noisy affair. It may disturb your focus on the work and affect your productivity.

Distractions

People socialize more and discuss non-work related issues and there are chances of more conflicts when you share the same space with others.  Your privacy may be at risk if you happen to share the space with your competitor.

 The reality check 

  • Don’t either fall for the low rentals or amenities the owners of the coworking space offer. Check if the space is noisy to work or many people getting around to socialize as it may impact productivity. Look for the office space that offers soundproof work stations and conference rooms for important meetings.
  • Check if the office is commutable and you have ample working space. searching for parking space in the parking lot or renting a  cab for a longer distance would waste your time.
  • Amenities offered by the coworking space owners look attractive but consider their effect on your productivity which is most important for any business.
  • Check for the extra incentives that coworking space in Noida offers like meet with industry experts through periodic functional sessions. 
  • You can even conduct trail sessions for a few days or weeks to examine favor ability of the workplace as per your work requirements. Check if the place is the noisy or right work environment to gel with your coworkers.

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7 Effective ways to build a Successful Team in a Coworking Spaces | TOP

How to manage a Team in a Coworking Space?

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Coworking spaces are a blend of freelancers and small teams working towards small business goals. Team engagement in the coworking space may be challenging for the business owner. Handling a team in the shared business space can be complex because you are in a public setting. Many small business owners choose to go with shared working over individuals while they scale in terms of cost and prefer to stay economical. Effective team management in coworking spaces requires the right digital tools, a strategy to leverage community benefits, and efficient knowledge management. Coworking office spaces are growing rapidly due to COVID-19, but how do you manage a team in coworking spaces? Here are some effective tips for business owners to help them manage the team effectively in the coworking spaces.

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7 important tips to manage a team in coworking spaces

  1. Conduct a team-building exercise
  2. Leverage community benefits
  3. Address knowledge management
  4. Organize social activities
  5. Manage Disturbances
  6. Allow the team to personalize workstations
  7. Brand Awareness

1. Conduct a team-building exercise

When working as a team in a public setting, a business owner should occasionally conduct team-building exercises to motivate the team. Creating a feeling of oneness improves team spirit and increase employee productivity towards a common goal. You should ensure every member feels being part of the work culture. As part of a team-building exercise, the manager of the team should uphold great privacy for the talks conducted between him and the team member.

Overview of The Office Pass, Coworking Space in Golf Course Road Gurgaon

2. Leverage community benefits

Shared spaces share some common benefits. The right way is to find innovative solutions and new ideas for the workspace by your team members and other people who are utilizing the space. You can try enhancing the work environment by tagging one in your team to other people in the community to share ideas. You can encourage one among the team to lead the idea of giving a sense of ownership.

3. Address knowledge management

Encourage knowledge retaining and sharing among the team members, thereby encouraging employees to work together for better decision making. Incorporate strategies to share your business ideas with the team. It enables the small business owner to have a secure process and collaboration, thereby enhancing organizational work culture. It facilities the team in the coworking space to work more effectively and stay focused as well. 

4. Organize social activities

Let your team enjoy happy hours occasionally to ensure they develop strong bonds even outside the office. If a coworking space facilities gym, try to organize regular workout sessions to build a strong team spirit among the members. They have a great role to play in building collaboration and team spirit among the members. Get feedback from the employees about what is their most loved fun time activity and fortnightly actives away from the work environment.

Also Read: What is Coworking Space?

5. Manage Disturbances

When you are a small business owner sharing the workspace with others, there is an excellent possibility of disturbance in the workspace. The concept of shared spaces is an open collaboration with different work cultures merging in a single workspace. When businesses are scaling up, owners tend to handle cost bumps by accommodating teams in smaller spaces than required. The blurring space can cause frequent interruptions in the normal workflow of the team. The business owner should be able to manage these occupational disturbances effectively by imposing certain rules and provisions at the workplace for team members’ work to be done effectively on time.

💡 Are you looking for Coworking space in Gurgaon, Noida or Delhi?. We are just a call away.
Call now: 08999 828282

6. Allow the team to personalize workstations

Be it any workplace; it is important to allow employees to personalize workstations. Adding personal items like pots, cushions, and personal items at the workstations will enhance a positive mood and encourage work culture. You can also look for other ways to accommodate your employees if they wish to like a standing desk or any chairs of their personal choice to add great comforts at the workstation.

7. Brand Awareness

The brand builds the persona of the company. Promote your brand constantly at the workstation to remind team members of organizational identity and the values it stands for. A sense of identity will be developed among the team members, and they will be a part of your team.

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