Building and running a business is no easy task. It requires quite a bit of time, resources, and effort to sustain. Business owners must learn how to efficiently allocate resources to best run their business. Investing in a coworking spaces model allows businesses to thrive by giving them the ability to focus on the business itself. The three major tenets of coworking that allow a business to thrive are location, a collaborative atmosphere, and creativity & productivity.
Location
You may have heard a real estate agent spout the phrase, "location, location, location." This is a mantra that is especially important in the business space. You don't want to have to give up a prime location so that you can afford the rent. Investing in a coworking space means you can afford a location in the commercial center of cities without having to pay more.
There are quite a few benefits to having a location in the commercial center of a city:
It makes it extremely easy for clients to find your business location.
It provides a sense of professionalism for your business. Clients tend not to trust spaces on the edge of town or spaces that appear dingy or run down.
There are many businesses nearby that your employees can network with.
There will be plenty of restaurants or event spaces where you can host meetings.
Collaborative Atmosphere
While the city center gives your employees plenty of people to network with outside the office, it is also ripe for networking within the building. When you have people from different businesses working in the same space, it opens up many opportunities to ask questions of people with different specialties than yours. It can help provide a different look at a problem and may help solve something you couldn't handle alone.
Along with this, your employees can network with these other businesses, and you might find ways you can help each other out in other ways. Finally, with everyone focused on problem-solving, it creates an environment that encourages a work-focused attitude.
Creativity and Productivity
When collaboration is easy to access, it naturally breeds creativity. With a coworking space, you might have engineers, artists, lawyers, and others all working in a space together. Allowing these people to network and work out ideas together can spawn ideas that never would have come up working within your own business. It also allows people to teach others in the coworking space new ways to look at problems, which could lead to better problem-solving down the road.
Here are some other benefits to having a coworking space.
It is extremely motivating to have the ability to learn from others and solve problems, so your workers' productivity will increase.
Having people with different experience areas can lead to new initiatives that could improve your business.
Coworking spaces often allow access to the building anytime, so employees don't necessarily have to work a traditional 9-5 job. Instead, they can work when they are most productive.
Conclusion
You must do everything possible to make your business as efficient as possible. Using the coworking model and the three tenets of location, a collaborative atmosphere, and creativity & productivity, you can take your business to the next level.
Investing in a coworking spaces model:
Gives you a visible space for your business
Allows your employees to network both outsides of and within your coworking space
Promotes collaboration with the other businesses using the space
Increases creativity and productivity by allowing your employees to develop new ideas and solutions with people who have other experience areas
Headquarters Coworking Spaces
At Headquarters, we strive for a creative and collaborative atmosphere. We chose EaDO as our base of operation because that part of the city is electric, and we are trying to recreate that in our workspaces. Schedule a tour with us today and join the businesses that are already benefiting from EaDo's energy.