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The Benefits Of Coworking

Coworking spaces are becoming increasingly more needed. Today’s working world is making a shift to remote workers. This has left many businesses and people to take advantage of the benefits of Coworking spaces like Coworkx Studio. 

Cost Effectiveness

Coworking Spaces take away financial burdens that most companies undergo in any business model. Brick and Mortars and firms require you to buy or lease a space. Wether your by yourself or have 24 employees, businesses can save up to $3,000 dollars a month by using a coworking space. It’s a no brainer. The space and the amenities like included WIFI, IT, workflow tools, networking and even coffee and food can cut your budget more than 75%.

Co-Working Spaces Have Great Features:

Freedom and usability are some of the best advantages of a coworking space. In these spaces you have the option to use conference rooms, offices and places to eat. Coworking spaces like Coworkx Studio are designed to give you everything you would have and more in a traditional office space, but with less responsibility.

Networking Opportunities:

The social benefits of coworking spaces are huge! With so many different companies working in one large space, there are endless networking opportunities. Entrepreneurs, professionals and businesses have the capability to find there next partner, collaborations or client.

Enhances Productivity:

With offices, meeting rooms, food and workflow tools, members of coworking spaces like Coworkx Studio  have a boost in workflow. It’s an easy space to coordinate meetings, events and any other business endeavor.

The History Of “Coworking”

What is a Coworking Space?

This is the google definition of coworking; Coworking is an arrangement in which several workers from different companies share an office space, allowing cost savings and convenience through the use of common infrastructure, such as equipment, utilities, and receptionist and custodial services, and in some cases refreshments and parcel acceptance services.

Coworking offers the same amenities and more as if you were working in a normal office space. The differences between a “normal” office space and a coworking space is the flexibility and usability

The History of Coworking by year.

The first coworking space was founded in Berlin. The whole idea was for Hackers to share ideas, space and information with each other.

The space is known as Hackerspaces. They are located in San Francisco, Santa Clara and Brooklyn and they keep growing. They hold seminars found on youtube and various sources.

Bernard DeKoven was the first to describe "coworking" as “working together as equals.” 

People who worked for themselves, others or just needed a space can share ideas with each other. It was done in a space through a computer network.

 A space opened up in New York that same year by a software company with a flexible desk setting.

San Francisco hosts the first coworking space in August by Brad Neuberg – he believed that home offices and business centers were unsocial and unproductive.  The space offered desks, free wifi, shared lunches, bike tours, meditation and massages closing at 5:45 PM sharp. It closed after a year and replaced in 2006 under the name of the Hat Factory. London opened up 40 coworking spaces by a franchise network on five different continents.  In Germany, St. Oberholz opened up its first cafes in Berlin and offered free internet.  Presently, St. Oberholz offers a true coworking space above its cafe.

Coworking Wiki space opens up in San Francisco.  Chris Messina, who created the Twitter hashtag, is one of the co-founders. The first full-time coworking space opens at the Hat Factory.  Co-founders are Brad Neuber, Chris Messina and Tara Hunt. At this time, it was one out of about 30 coworking spaces throughout the world. Jellies opened where groups can exchange ideas in a relaxed atmosphere, without  a commitment – the community can later develop into a coworking space if they wish.

he first time the word “coworking” is seen on Google’s database.  The searches have increased tremendously. The term coworking has become a megamedia name. “Coworking” got into the English version of Wikipedia.

The first #CoworkingDay was celebrated by the movement. The first European coworking conference took place in Brussels.  At this time, there were at least 600 coworking spaces worldwide, with more than half located in North America.

The first “Coworking Unconference” was located in Austin, Texas.  Angel funding starts for a network of spaces.

Coworking spaces worldwide adds up to more than 2,000 established.  Media outlets such as twitter have a huge increase of tweets (over 50%) with hashtag “coworking” – more than the prior year.

As many as 100,000 members worked at a coworking space at the beginning of the year.  Mid-year, the 3,000th coworking space is founded. Most of the coworking spaces run independent of networks. In an Ontario coworking space, they offered the first health insurance plan.

The New York Times writes about a new idea that sees coworking mixing with the home office at a resort or hotel.  The story is, “Co-Working on Vacation: A Desk in Paradise”. The main idea of the story is combining coworking and coliving on Gran Canaria in the Canary Islands – a surfing destination.  The Surf Office was born, originally opened two years earlier as an experiment, making it a place attractive to freelancers, surfers and travelers.

WeWork raises funding and becomes the most highly valued US private tech companies and its company is Uber and AirBnB.  Valued at $20 Billion. 1.2 million people worldwide would have worked at a coworking space.

As of 2018, the market has a variety of huge players that are giving WeWork a run for its money. Coworking franchises such as Impact hub, Venture X, and Serendipity are expanding throughout the space.

WeWork had an unsuccessful IPO attempt with SoftBank causing WeWork’s valuation to drop from 49 billion to 8 billion allowing SoftBank to seize control of the company and fire its management team.

New coworking platforms like Coworkx Studio are rising to the scene to fill the void between coworking software, spaces, and remote workers.

The Biggest Advantages of Coworking

  1. Motivation: There’s just an energy of productivity in the air when you’re in a room full of driven people. It’s nearly impossible to slack off. You will get a lot done.
  2. Community: There’s a sense of community. In places with regulars and familiar faces, it’s amazing how far above and beyond the community will go to help one another succeed.
  3. Flexibility: Rather than signing a long-term lease, you can get much more flexible deals with coworking spaces. It’s great for startups with small bootstrap budgets, and even independent freelancers can find affordable options.
  4. Getting Outside of the Home: Working from home is great, but it’s easy to fall into a rut, too. Being around other people is good for your spirits, it can keep you sharp and is great for creativity.
  5. Networking: When you have so many people with so much in common, it’s only a matter of time until you start to network and new opportunities start to flow organically.