5 Reasons Coworking Spaces Are A Smart Choice For Startups

Starting a business for the first time and can’t afford an actual office yet? You might want to consider renting a coworking space! 

While there’s nothing wrong with running a startup from your kitchen or garage, there’s just something special about coworking offices that allow you to take your game to the next level. Simply put, there are definitely certain advantages you can only experience in such an environment.

Read on as we share with you several valid reasons why startup entrepreneurs enjoy coworking: 

1. Affordable and flexible

Obviously, getting a physical office may still not be possible if you’re starting with a limited budget. Furnishing a space from scratch and expensive rentals can surely hurt your pocket.

Fortunately, a coworking space makes a great alternative because of its flexibility and cost-effectiveness. You can stay for a day or reserve a desk for an entire month. It all depends on your budget and personal preference. The best coworking providers are accessible 24 hours a day, 7 days a week - which means you can show up anytime you want. You don’t have to follow a strict 9 to 5 daily schedule.    

As your team expands, you can just rent more desks or get a private space where you can work together. You won’t have to worry about buying new furniture and equipment all the time.

Once you reach the point when you're ready to move into your own space, leaving a coworking office will not be a hassle at all. The transition will be easy because you’re not bound by traditional long-term contracts. Plus some coworking space providers also offer serviced private offices and even full floor office spaces.

2. Greater focus

Another wonderful thing about coworking is that you can achieve greater productivity there. Staying focused is possible because you won’t encounter distractions like you would if you’re working from home. You won’t have to deal with house chores or fight the temptation to watch your favorite TV shows when you’re busy trying to meet a deadline.

3. Professional workplace

Want to print or scan an important document? Printers, scanners, and other office amenities are readily available at a good coworking space. You’ll be equipped with the tools you need to succeed in what you do. 

Need to meet up with your clients or potential business partners? The best coworking companies have private spaces for you, too. As Rodrigo Guízar of Quality Inmobiliaria told Entrepreneur: 

“Something very important that we cannot forget is that (coworking offices) have meeting rooms and a place to receive clients, something that cannot be done at home.”

4. Collaboration opportunities

Working at a coworking space makes you a part of a large community of artists, designers, entrepreneurs, freelancers, innovators, thought leaders, and more. This gives you the chance to grow your network. 

Looking for a video editor capable of creating an awesome presentation about your product or service? Or maybe a supplier who can provide you with the materials you need for a cheap price? That person might be sitting beside you or across the table at a coworking office. So don't be shy and feel free to interact with others.

As professional content writer and copywriter Leora Raivich shared during our interview with her:

“Coming to The Farm SoHo gave me a home to write and connect, enjoy a friendly environment and thrive. The people were amazing, I was blessed to network with developers and writers, startups, and the staff.” 

Meanwhile, a Harvard Business Review article also tells us that “connections with others are a big reason why people pay to work in a communal space, as opposed to working from home for free or renting a nondescript office.” 

The sky is truly the limit when we talk about networking opportunities in the shared space environment offered by coworking spaces. This can be a big help for you as a startup business owner.

5. Work-life balance

Entrepreneurs tend to wear too many hats, especially during the early months or early years of their startup. So they work all the time in the hopes of growing their business as fast as possible. This is particularly true if the person is operating a small business from home.

By using a coworking space, you have a dedicated place where you do much of your work. You can later go home with a feeling of fulfillment, knowing you won’t have to do a lot of tasks anymore. Separating work and leisure can be done with greater ease. 

You may likewise consider availing of virtual mailbox services if you want to have a legitimate business address for your startup. No need to publish your home address on your website for everyone to see - which can actually be risky. 

Final thoughts

Coworking combines the coziness of a coffee shop and the functionality of an office. If you’re feeling convinced about the numerous advantages it brings, you can contact us here at The Farm Soho via [email protected] for more details. Whether you're looking for a coworking space for a day or a small office space for rent in NYC, we can help you out.