Busting the Myths about Coworking Spaces
Have you ever wondered what’s really so great about coworking spaces? Have you heard some of the myths about coworking spaces? It can be extremely confusing if you’re not able to sort fact from myth when it comes to these flexible spaces.
We’ve put together a list of myths and then supplied the facts that bust each myth about coworking. You won’t have to feel confused any longer after reading through this article!
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Myths & Facts About Coworking Spaces
Here are some of the myths and facts our research turned up about coworking spaces.
1. Coworking Spaces are Only Shared Office Space
That’s a very painful myth and one that turns many away from choosing coworking spaces. It all comes down to the definition and description of a coworking space.
Coworking spaces are shared workspaces where people from different companies and industries work together. They may share office equipment, the network & Internet connection, and other facilities offered by the business centre. Yes, we understand this sounds like a shared office space. But there is a difference.
Coworking spaces offer a vibrant, collaborative environment where everyone works together in the same space. They’re often used by freelancers, entrepreneurs, and small, medium, and large businesses. For those working remotely from home, a coworking space can feel like a lifesaver. Rather than working from home, where you feel isolated, you work in a lively atmosphere with others. Some people thrive in this type of workspace.
In addition, coworking spaces are also an excellent choice for small, medium, and large businesses. For one thing, the coworking space can be used as an office hub, which is placed closer to employees. With an office hub located closer to home, employees can avoid the long commute, save money, and more.
2. Coworking is Only for Tech Startups, Solopreneurs, and Freelancers
While startups, solopreneurs, and freelancers can benefit from coworking spaces, so can larger companies. We already took a look at a larger company using the coworking space as an office hub. There’s another popular use to consider, which is entering a new market.
Normally, when a business chooses to enter a new market, it means investing in a traditional office space. Then the company’s stuck with a long-term lease, high rent, maintenance & cleaning expenses, and more. The “and more” also includes buying office furniture, installing and paying monthly for utilities, and more!
On the other hand, a coworking space reduces the expenses that go with setting up an office in a new market. You only rent the space your business needs—maybe for a small team of 2-5 employees. Most coworking facilities are located in business centres, which also provide access to business equipment and other services. Your company saves money and gets to see if the new market is successful or not. If not, then you’re only out the cost of the coworking space for a few months’ rent. That’s it!
3. Coworking Only Works in Big Cities
This is another common myth we hear about coworking spaces; however, it’s simply not true. The truth is that coworking spaces are not only for those living in large cities anymore. Instead, coworking spaces work in small towns and in rural areas, too. In fact, coworking spaces fill in the gaps that are usually not filled by traditional office facilities in the area.
In small cities and rural areas, coworking spaces are also more affordable for startups, freelancers, and solopreneurs. What’s more, these individuals can also access all the benefits of working in a collaborative environment with other business owners. If they worked solely from home, they would miss out on the opportunities to gain advice, network, and more when working with others in the coworking space.
4. Coworking Spaces are Noisy & Distracting
The truth here is that coworking spaces may be somewhat lively. The coworking space may not be the best choice for some individuals who require almost complete silence to focus and work. However, for those who thrive in a vibrant work environment, the coworking space can be a great option.
If the space does become too noisy, you can use noise-canceling headphones to block background noise. That’s entirely acceptable, and many people do this. However, you also have the chance to reach out and ask for guidance, network, and more within this environment!
5. Coworking Spaces Don’t Offer Privacy
Many individuals believe that working in a coworking space means there’s absolutely zero privacy. That used to be the case; however, these days, many business centres provide quiet zones, privacy pods, phone booths, and other areas for those who need privacy.
In addition, many people working in a coworking space don’t communicate with those around them. Instead, they focus on their work. However, if you do need privacy, it may be offered (as mentioned above). So, it is possible to find greater privacy even in a coworking space. Make sure the facility you choose offers private spaces if you need this for your work.
6. Coworking is Expensive
This is another myth that’s been around the block a time or two! However, coworking spaces are generally much less expensive than a traditional office space. What’s more, they come with a flexible lease, one all-inclusive monthly payment (which includes access to valuable amenities), and more.
What’s the “and more?” Well, most coworking spaces offer the use of their network, which includes some of the fastest Internet available. They may also offer both wired and wireless connectivity. In addition, they allow access to common areas, including breakout spaces, kitchens, and more. And you don’t have to pay for cleaning services. These are also covered by the monthly fee.
Summing It Up
We’ve covered some of the most common myths that are out there about coworking spaces. The truth is, these spaces are amazing and perfect for companies of almost any size!
Coworking spaces come with a wide variety of benefits; two of the most valuable benefits are a flexible lease and an all-inclusive monthly fee. These two, together, provide everything your business needs to succeed!
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