You may be like many entrepreneurs who started their business at home. They might have worked from the kitchen counter, an extra bedroom or a corner coffee shop. While working from home can have its benefits, it may also come with some drawbacks. You’re distracted. You’re lonely. You have no one to bounce your ideas off. If you decide to hire employees, there may be no place for them to go.

You may be tempted to rent a dedicated space. However, it can be a costly and long-term commitment, especially if you are unsure of how quickly or how large your business will grow. Upgrade to a coworking area might be the next best step.

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Are you wondering if a coworking space is the right choice for you? We spoke with the owners of coworking space in Wesley Chapel, Tampa and Tampa to find out how their members benefitted from them. We also asked what types of businesses work best.

What are coworking spaces?

Workers from different companies share an office-like workspace. Coworking spaces usually have multiple desks, both in an open-plan work area and private offices. Private offices can be either small (for solo workers) or large enough to accommodate several people.

Coworking spaces are more than just desks. They also offer a range of shared spaces such as a break room and kitchen, meeting and conference rooms, and reception areas.

Coworking spaces are different from traditional offices in that they don’t usually require long-term contracts. In many cases, you can sign a contract for just one month.

Coworking spaces offer a lot of opportunities for collaboration and camaraderie because they are designed to recreate the community feeling that many entrepreneurs and small businesses miss in their previous office setting. Owners can create a community feel by organizing social events or professional development for their members.

What are the advantages of working in coworking spaces?

Productivity can be improved

Working from home is often distracting. Kim Lee, CEO, says that it is easy to let small tasks lead to bigger ones, such as cleaning the kitchen, driving your children, or running an errand.

You might feel tethered by your work if you work from home. Lee says, “This was not good for me.” Even during my ‘non work’ hours, I felt guilty because I should have been working.

A formal work place can help eliminate distractions, and establish proper boundaries between work and life.

Other entrepreneurs’ input

Coworking encourages you create a sounding-board where you can bounce off ideas from others. It’s like having a focus group ready to go. You’ll usually be sharing space in a coworking environment with other companies. Some may have been through the same challenges as yours, while others will be right behind you.

Lee explains that being a small-business owner can bring extreme highs, but also lows. It’s important to realize that you are not alone. Your co-members will provide a helpful perspective.

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Local contacts can be developed

Lee observes that members of these spaces develop genuine and trusting relationships which can lead to new business possibilities.

Amy Hoover is the company’s president and co-founder. She has seen many members make connections with others who possess complementary skills. Hoover says it’s been a lot of fun to watch the relationships that have developed between our members.

Motivation from like-minded entrepreneurs

Lee believes that being surrounded by people who are passionate about their businesses is extremely motivating. She has also seen the members’ happiness and success increase as they have taken advantage of the shared workspace. You feel a sense of community when you work with people who share the same vision. The study was conducted by the Academy of Management The fact that coworking spaces are a community of entrepreneurs who believe in the benefits of the shared space is a good indicator.

Coworking spaces can be a game changer in the way you develop and run your business. Lee points out that a home-based business has limited growth potential. Coworking spaces are a great way for small business owners and new entrepreneurs to demonstrate their professionalism and commitment to the growth of their company. These spaces are ideal for businesses that do not require a physical location to thrive, especially those that rely on digital platforms.

Coworking spaces have unique advantages that are similar to those of an office. Hoover says that coworking spaces let entrepreneurs enjoy corporate aspects they may have missed, such as brainstorming sessions with others, socializing casually, and celebrating special occasions, while still pursuing their entrepreneurial goals. The balance between autonomy and community fosters not only a dynamic working environment but also increases productivity and creativity in like-minded professionals.

Coworking spaces are also a sign of professionalism and legitimacy, which can attract networks and new partnerships. These spaces are home to a diverse group of professionals and creatives. This allows for a fertile soil of knowledge and ideas. This environment is especially conducive to growth and allows businesses to scale quickly without the overheads associated with traditional office space.

Summary: Moving to a coworking environment is more than a simple logistical move. It is a strategic decision that will position a company for greater success. This is a sign of commitment to professional growth, allowing for greater networking, collaboration, and work-life balance. Coworking spaces are a great option for anyone who wants to succeed in the competitive marketplace, whether they’re a business owner or a freelancer.

Get In Touch With Us Now

In a hurry? Call us at 813-968-3800