Coworking space refers to an environment where business owners and startup founders work autonomously. Some people like to see it as an “Office Club” where you have to register as a member to use the work place. In a coworking space, what sticks out is the diversity of human resources – freelancers and professionals in different fields – who work together, sharing the same building, transferring knowledge and experiences and communing together.
According to research findings by Harvard Business Review (HBR), the following makes Coworking space valuable to those that use it:
Total ownership of the work done: People who share workspace commit their entirety to the work process because it’s something they believe to be meaningful to them. As a result they are able to do so much in a short period of time.
Work suddenly means something special: Sequel to the reason above, working with people of different work personas makes your own work identity stand out. You’ll tend to do things that are more interesting and distinctive.
Work hour flexibility: Coworking spaces gives members control over their entire work schedule. You decide when to come for work (without repercussion) and for how long to put in on any day’s job. But while coworkers enjoy autonomy, they also value some degree of structure and oversight as too much autonomy can inhibit productivity.
Connection with a community of like-minds: This is probably the biggest reason why people pay for a Coworking space instead of working from home or renting own office. However, coworkers can choose whom to network with and how. What is undeniable is that by joining a Coworking space, “me” becomes part of a greater “We.”
In conclusion, people who join Coworking spaces have a greater chance of succeeding in their business or startup. As a result of the attendant substantial autonomy, startups who belong to coworking hubs stand a better chance of setting up a solid business in the shortest possible amount of time . FocusHub is a well-designed Coworking environment packed with a well-curated pool of talents and fabulous hub facilities to help you grow and scale your business idea or startup for a very affordable fee.
Till next time!