6 Coworking Essentials Entrepreneurs Look For

Want to know what every successful entrepreneur looks for in a coworking space? If you think it’s all about the networking opportunities and amenities, you’re in for a surprise!

Working in a shared space has many benefits, even for your employees. Everyone knows that a coworking space gives you and your staff a flexible space to work and meet new people. But did you also know that some coworking spaces offer admin assistance and virtual mailbox services? 

Now that you have an idea of how beneficial it can be to work in a coworking space, it is time to learn the other coworking essentials. Here are six to take note of: 

1. Location

The importance of the location of your coworking space can’t be overstated. This is the most vital essential to remember when choosing a coworking space.

As a startup entrepreneur, you’ll often meet with different clients. If you want to make a lasting first impression, you’ll need to meet them in a formal business location. 

In contrast to other well-known meeting locations such as coffee shops and restaurants, coworking spaces have one distinct advantage… They are more peaceful and similar to an office setting. If you want more privacy, you can always use one of their meeting rooms or conference rooms.

If your preferred coworking space is a long way from public transportation or offers limited parking, consider other options immediately. Even if your business might have limited cash flow, don’t be fooled by cheap membership plans.

2. Virtual mailbox 

Every successful entrepreneur should always be in the know with the latest updates on his/her business. However, it can be difficult since from time to time you may need to travel. 

This can result in you missing out on some of your important physical mail. That’s where virtual mailbox services come in handy. This is the simplest solution to manage your mail and packages all from your laptop or mobile device. Furthermore, this coworking essential is more secure than a P.O. box since you’ll have complete control over what happens to your mail. 

Startups, in particular, benefit the most from virtual mailbox services more than anyone else. It's a simple and effective way to help entrepreneurs manage their time and resources. 

It’s also a great way to stay organized and establish a formal physical address for your business. This will help confer credibility as it’s far more professional than using your home address. 

3. Amenities 

When you narrow down your options in choosing a coworking space, it is essential to consider the amenities they offer. Start by making sure they have high-speed wifi, mailing services, private offices, phone booths, and conference rooms. 

Many shared office spaces will offer different amenities and up-to-date equipment. However, keep in mind that this won’t always translate to the perfect fit. 

Another important perk to consider is the type of membership plans they offer. Look for coworking spaces that offer daily or weekly passes. This will give you a chance to get a better feel for the area without making a long-term commitment.

4. Secure 24/7 access

Entrepreneurs are accustomed to working long hours. If you find it hard to work from home or have clients in different time zones, this coworking essential will work wonders for you.

This way, you’ll always be productive whenever you get to work and not worry about the time. Not a lot of coworking spaces offer this feature though, so you should take advantage of it whenever it’s available. 

5. Networking opportunities

That sense of community is one of the biggest reasons why everyone loves working in a coworking space. When you enter a coworking space, you’ll be around like-minded people with diverse expertise. 

The opportunity to connect with people outside your industry will help you think outside the box. This works best if you're an entrepreneur looking for a creative and collaborative environment. 

Several coworking spaces frequently host networking events for their members. This is a great way to meet new people and gain business opportunities. 

6. Cost

Most coworking spaces will offer flexible payment plans and discounts. For entrepreneurs, opting for a coworking space instead of a traditional office can significantly help them cut costs. Thus, they can use the money they save to further innovate their business.

Moreover, what’s considered an affordable or expensive membership plan will depend on your needs. For instance, some entrepreneurs may only be looking for an alternate space to work aside from their home office.

Meanwhile, others may use coworking spaces to hold client and employee meetings. Luckily, coworking spaces don’t require any long-term commitment. You’re free to stay for a year or even just a day! This will also help you long-term whenever you plan to scale your business. 

What the experts are saying about coworking spaces

“Our research - which is ongoing - suggests that a combination of a well-designed work environment and well-curated work experience are why people thrive in coworking spaces over other office-based counterparts.” - Harvard Business Review

“From a cash flow perspective, a coworking space is perfect for startup entrepreneurs. It’s a professional workspace without the high upfront costs and long-term commitment.” - The Balance

Bottom line

In a coworking space, the possibilities to thrive are endless. Picking a suitable coworking space is essential for the success of your business. Make sure to consider the following coworking essentials before choosing a coworking space:

• Location
• Amenities
• Virtual mailbox services
• Secure 24/7 access
• Networking opportunities
• Cost

If you’re focused on long-term success, take your time in choosing the right coworking space. Your business will achieve greater heights if you identify the ideal space. Always remember that a good coworking space is an investment in your business - and yourself.

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