10 Years ago it would have been difficult to believe that the established Hotel chains and fancy high rise offices would one day face immense competition from people who didn’t even exist in the market back then and that one could buy craft work from an unknown person sitting miles apart in another continent in just a couple of clicks. The swift development of technology has empowered it all, thanks to which the so-called “collaborative” or shared economy has emerged.
Commonly known by various names such as access economy, peer to peer economy; shared economy is an economic system which brings asset owners and seekers who want to use these assets together. It can simply be described as “Peer to Peer economic model of acquiring and sharing multiple goods and services that are facilitated by commonly owned system.”
Shared economy has cropped up in traditional industries like transportation and hospitality. The greatest examples of companies making the best use of this economic system are Uber and Airbnb. Some of the other sectors where shared economy has been doing well are freelancing platforms wherein individuals can offer their short term services to those in need, crowd based financing and the most growing sector; Co-working spaces.
Co-working is generally defined as “the use of an office or other working environment by people who are self-employed or working for different employers, typically so as to share equipment, ideas and knowledge.”
BENEFITS OF COWORKING SPACE
With the rise in real estate rates, more and more people are opting to work on their startups in coworking spaces that ensure minimum investment and maximum returns. Some of the other benefits of coworking spaces are:
Coworking spaces are Cost Efficient. Co-working offers multiple price range that is way cheaper than executive offices. Especially for freelancers, start-ups and small companies to rent a desk or some offices spaces in Co-working spaces for its flexible price range and advantage of the community.
For any new or small business with less capital at disposal, it is important to take measures that saves costs and ensures profits. Since one is sharing amenities like electricity, Wifi and space, the cost gets divided among all the coworkers and helps the business and individual to allocate resources in other places.
Co-working spaces focus on the community and networking. The office space is used for networking, events and workshops for all members. A co-working space is more convenient for start-ups and entrepreneurs interested in networking with other firms. It is also useful to get help from co-workers in different industries.
Co-working spaces will definitely help you get more creative. It is very helpful to hear the opinion and the ideas from other co-workers outside your company.
It also boosts productivity. For most freelancers working from home, productivity becomes an issue because quite often the environment isn’t lucrative to work. Co-working space offers a professional set up with fewer distractions which enhance the productivity of the coworkers.
Co-working spaces have myriads of benefits which can be put to best use by co-workers.
Yesssworks is the Co-working spaces at the heart of the Financial capital of India, having its offices in Mumbai and Pune. In a country where entrepreneurship is on the rise, most people prefer small business or home based businesses which is great because it contributes to the economy and generate employment as well as lovely and low risk in terms of costing. Co-working spaces like YesssWorks can provide that bridge.
Which is why Co-working is an integral part in the startup ecosystem.
Co-working is not just about providing Desk and Chair. We actually build community. The growth of that community is dependent on the members of that community. Which is why it is different from Offices to offices but there is always a growth and it is very much visible.
To be part of such vibrant community, you know where to find us.