Are you a freelancer that’s looking for a way to connect with others? Do you wish there was a way to get your hands on office space for one person? If so, then you need to learn all about the pros and cons of shared office space.
Doing so can revolutionize the way that you look at your job. It can help you grow your professional network, lower the expenses of a common office, and so much more.
See below for an in-depth guide on the pros and cons of coworking spaces and why you should consider one for your business.
Pro: Grow Your Professional Network
Perhaps you’re an entrepreneur that’s looking to grow his or her business by yourself. Maybe you are a freelancer that’s looking for new projects and business connections.
Whatever the case might be, a coworking space allows you the opportunity to expand your horizons as a working professional. If there’s one thing that professionals can’t do enough of, it’s networking.
Gone are the days of after-hour networking events to try and find one like-minded connection before you head out for the night. Now, you have a way to build meaningful friendships and connections with people that don’t even work for the same company like you!
It might be the best thing that you can do for your business! Whether you’re looking for a client who can use your services or a partner that you can grow your business with, the opportunities are endless with a coworking space.
Even those of you that are introverts will excel in this environment. Unlike a networking event, you don’t have a finite amount of time to meet people. You can let the conversation flow naturally over time.
Corporate America is more intertwined than ever before, and coworking spaces are part of the reason why.
Con: Sharing Space With Others
Perhaps the biggest drawback to getting a shared office is the fact that you don’t control who you share the office space with.
You’ll be working with strangers. The tenants could change by the day, so you never know who you’ll be sitting next to on any given day. That can be fun and unenjoyable at the same time.
More importantly, you’ll have to find a different routine. Shared office spaces are built to suit the masses, so you might find it more complicated to produce your desired workflow.
Pro: A Workspace When You Need It Most
Are your kids driving you crazy with one million questions while you’re trying to accomplish one task at work that day? Do you find the days to drag on if you work too many days in a row at home?
This is the reason that coworking spaces were made; to give people the ability to have the best of both worlds.
For example, if you have an important meeting with a big client, then you can schedule a workday at the office and use the conference room that they have on-site. Meanwhile, on those days you’re just wanting to plug away on tedious tasks, you can do so at home (you can even wear your PJs all day if you really want!).
The subscriptions are quite flexible as well. Almost all coworking spaces have a pay-as-you-go model that can help you get a high return on your investment. Some even have a way that you can pay by the day so that you’re never paying for something you didn’t use.
You can use your shared space as a way of breaking up your week. You could work out of the coworking space two to three times a week to keep the feel of a professional career.
Con: Super Distracting at Times
Cal Newport once said that “To learn hard things quickly, you must focus intensely without distraction. To learn, in other words, is an act of deep work.”
Deep work can be hard to come by in a shared office setting. Depending on how chatty other workers are, you might find it difficult to focus at times.
That said, coworking spaces are primarily quiet and focused. Everyone shares the same goal: to grow their business or have a space that’s free of distractions. Just know that, sometimes, you might find it hard to zero in on a project.
We know what you’re thinking: How much is this going to cost me? Those of you that are just starting on your business have a tight enough budget already.
Coworking spaces are one of the most cost-efficient purchases you’ll ever make. Like we just shared, the business model allows you to pay only for what you use. You can pay on a day-by-day basis if you wanted to.
More importantly, you can avoid a lot of the standard office expenses. Coworking spaces have all the expenses of rent and energy bills bundled to help save you money.
If you’re interested in finding a shared office space, then be sure you have proper representation during your search. You can browse for lease office space and make sure the agreement works for both sides.
Invest in a Shared Office Space for Your Situation
Now that you have seen an in-depth guide on the pros and cons of shared office spaces, be sure to use this information wisely.
Take the time to browse our website for more articles on offices for rent, as well as many other topics that you will find helpful.