Many people choose working in co-working spaces and more shared work spaces are popping up in major business oriented cities in response to the demand. There is a rise of 36 percent in the number of co-working spaces over the last year.
As many coworking options are available around the world, start-ups find it challenging to choose the right one? Here are a few steps to take to make the search efficient.
Know your needs
Just like most of the other business decisions, choosing a work space starts with deciding the goal. Start ups, looking for a workspace must know why a coworking space is needed. How the startup hopes to benefit from using the space. Determining the goal will help determine priorities. Further, start ups will be able to figure out the most important qualities to look for in a space.
For example, if you require to host many meetings, you should narrow down the search to those spaces which have meeting rooms and conference-calling capabilities available. The needs of your business could be as simple as high-speed wi-fi, or a spacious workstation or flexible access to the space at all hours. Do not confuse need with a want. Free coffee is a nice perk, but not a necessity?
Create a list of top needs of your startup from your workspace. Use it to evaluate potential spaces and select the one that aligns best.
Your work culture
The amenities of the coworking space are an important factor, but equally important are the people that work in the office. Relationships at work matter to maintain the overall quality of life and growth of your start up. Co working spaces have a non traditional work environment, but that doesn’t mean relationships and work culture matter any less.
Co-working members build up and are an essential part of the coworking community.
So, start-ups should find a coworking space that fits the culture of your startup. Talk with current members to find out about the culture. You will get a better idea if the working styles and personalities in the space will be suitable.
A coworking space may look great in pictures, but you should not rush into a decision without seeing the physical space. Plan a tour of the facility and, if possible, arrange to try the space out for a day or two to have a real time experience.
But, don’t focus only on the interior space, location is also important. Make sure you check out the neighbourhood during your visit. Will the location be good for the business? It is an add on if it is close to your potential partners, mentors and industry leaders. The location should also be easy to reach for the team. Lunch spots, eateries, banks, medical shops in the vicinity contribute to the feel good factor.
Choose a location that will support and enhance the company culture, while benefiting business goals.
Look into the future
A coworking space may fit the needs of your start up now, but think about the scenario in a year. Your startup might outgrow the space.
Membership agreements can be difficult to come out of. You would not want to end up being locked into a coworking space that no longer fits the company’s needs. Draw an idea of a tentative tenure the space will be needed for and then find the best membership option for your startup’s immediate and future needs.