Coworking was first introduced as a new business initiative in the United States. However, it was not until 2012, due to the Great Recession, which affected the global economy, that coworking started to become popular in Spain. Nevertheless, coworking consolidated its position as the perfect option for business development thanks to the COVID-19 pandemic and the subsequent boom in teleworking. Companies need to know its benefits and understand when to embrace it as a strategic option for cost reduction and business expansion. Therefore, in today’s post, we will explain the ways a company can benefit from a coworking space.
Benefits of a coworking space for a company
- Cost reduction
Coworking initiatives provide fully equipped offices for a fixed monthly fee. This eliminates the need for companies to incur additional expenses from utilities bills. In other words, coworking spaces allow them to operate at a reduced cost without having to worry about the cost of equipment, insurance, supplies, etc. This is one of the best options for startups, freelancers or small entrepreneurs who are just starting their activity.
- Networking
Coworking spaces are a multiplier of opportunities and advantages, and a way to expand your network. Moreover, the wide variety of coworking spaces allows companies to choose a space that closely relates to their activity. In this way, the synergy that arises from interacting with other professionals definitely impacts on business growth. You can find different coworking options: creative coworking spaces for artists, as well as more business-oriented coworking spaces, or even specific ones for architects and engineers.
- Commercial presence and expansion
A company can choose the space that best suits its needs in the best city locations. This is the most cost-effective way to have headquarters, virtual office, or a place for holding face-to-face and occasional meetings in any city in the world.
When is it in a company’s best interest to use a coworking space?
A coworking space can be very beneficial as a source of learning for start-ups, given their lack of knowledge about how to run a business. This is compounded by the fact that these initiatives cannot afford certain privileges that large companies can. For this reason, a coworking space can be very enriching and serve as an initial impulse to get any project or business off the ground. It is also an option to be considered by those companies whose activityis stagnating and those who do not know how to move forward.
How can coworking be introduced in a company?
To get the most out of coworking, it is important to know how to set it up within a company. The chosen space must therefore have a good internet connection and different rooms where business activities can be carried out, both with others and in private. The coworking space should also offer a balance between professionalism and user collaboration. In addition, the ergonomic features of the space should ensure maximum productivity.
If you want to know more after reading about ways a company can benefit from a coworking space, this is another interesting post. You can find more information related to entrepreneurship in our blog. Besides, if you are looking for a Coworking space in the centre of Granada with collaborative dynamics and professional opportunities, you can contact us through our contact form.