For those who are working remotely or are freelancers, the presence of coworking space is more or less like a regular aspect of their lives. However, it’s vital for you to know how coworking spaces began and its effect generally on most businesses and industries.
The history of coworking originated in Berlin, Germany, where a group of 17 engineers in 1995 decided to create a working space that can bring them together and house resources and opportunities that can promote cooperation and knowledge sharing. But, do you know that the story of how WeWork, the coworking giant, came to be was created in a recent movie with Jared Leto as the star?
Coworking spaces, ever since that 1995 foundation, have evolved all over the world and achieved much more popularity, with individuals seeing it as a place where they can perform their duties, relax, and join a community of like minds. As a matter of fact, coworking spaces have changed traditional office setups, thereby creating a working atmosphere where entrepreneurs, remote employees, and even existing businesses can work in total synergy. We’ll be looking at how coworking spaces have evolved and how their positive benefit is impacting businesses, individuals and industries at large.
What Coworking Spaces Do for Businesses
Although there are situations where you may have an office, coworking spaces can be an excellent way to regain creativity or meet like-minded individuals. That’s why there’s been a shift from coworking spaces being a solution for freelancers who need office space to becoming a popular choice for many businesses of different sizes. In fact, do you know that coworking spaces are an ideal option for startup founders who want to work remotely? It allows them to reduce the costs of operations and have a chance where they can join a helpful and valuable community.
Coworking spaces can sometimes serve as an environment for accommodating professional work in periods when employees need to focus on their duties. It also helps businesses to scale either lower or higher depending on what their plans may be, and this gives them a chance to channel their focus on other aspects of the organization, rather than worrying about how to get a commercial lease for an office. Since coworking spaces save businesses, particularly startups, some dilemma of spending, that means they can afford it without stretching beyond their budget.
Flexibility and Hybrid Working
Although coworking spaces have existed for an extended period, the inception of the pandemic brought about its acceptance into the limelight. The pandemic further accelerated its adoption by businesses, since they don’t want to lose their employees or shut down operations, particularly those who are making good progress and achieving excellent results. Also, employees are now beginning to understand what their worth poses to businesses, and that’s why most companies are getting to accept the hybrid model of work to keep their top talents and avoid losing them to fellow rivals in the industry.
In a bid to make their hybrid work model much more effective, companies are now making use of coworking spaces to allow workers to pick their choices of where they should spend their time. That means the evolution of coworking spaces has allowed most businesses to retain high-performing employees, maintain their work culture, and still be able to achieve their goals. All these have culminated in building a solid foundation for the future of the business.
Benefits That Coworking Spaces Bring
Without a doubt, it’s evident that coworking spaces have brought more good to the world of most industries. In fact, its evolution has made it available for businesses to maximize it to their benefit.
Moving forward, let’s take a look at some of the benefits of coworking spaces.
1. Increase in Productivity and Creativity
Coworking spaces are known to help remote workers and freelancers avoid distractions they may face when at home. Also, when employees work in coworking spaces, they can interact with other individuals, which leads to a spark in innovation. This, in turn, increases productivity levels and helps workers gain fresh insights.
2. Access to Excellent Amenities and Networking
At times, remote workers may experience poor working conditions in their locations, but having a coworking space can change things for them. In fact, some coworking spaces contain meeting rooms, high-speed Wi-Fi and even printing services. Also, coworking spaces can make workers collaborate and network with other individuals from different industries.
Key Thoughts
Coworking spaces have evolved into a much more acceptable platform by industries, and this is due to their impact on work dynamics and business change. They have changed from the shared workspace that they used to be to a worldwide renowned hub of innovation and tremendous cooperation. You need to note that as the future of industries continues to evolve, co-working spaces will definitely play a part in reshaping how we carry out our jobs and flourish in the modern world of work.
