Coworking space is a concept introduced by a few professionals who were struggling to get an office space at an affordable price. Few professionals come together and share the large office space and it costs them at a cheaper price. Coworking space is a shared office space which is being shared by the professionals of different backgrounds. In recent times, people are drifting towards the freelancing and entrepreneurship as they got frustrated by working for 9 to 5 working hours. It becomes monotonous and doesn't help them grow as an individual. So they choose to follow their passion but the foremost problem in the starting of the business is that people cannot invest large capital in renting or leasing the office space. Coworking space comes to the rescue for those who wish to work on a tight budget. They provide all the facilities which one can get in the traditional office space and that too at a cheaper rate. The renting or leasing of the traditional offices in the metro cities are very high and one has to invest a large amount of capital in the office space which is very difficult in the starting of the business. One can get office for rent in Delhi at a very affordable price if you will opt for coworking space.
Coworking space is just not a shared workspace but it is much more than that. They help in building the community by organizing events. Their foremost motive is to help in building the community which helps in getting good clients and projects. The environment of the coworking space is dynamic and motivating. Here, people also believe in helping each other. People can share their ideas with other professionals and gain knowledge from their experiences. It is one of the best places for young professionals who don't have much knowledge as it is a place where they can get right to exposure and get knowledge from experienced people. The startup can not invest in a traditional office space so this is the best choice for them as they can get good networks from here which help them in getting good clients and generate revenue.
Coworking space provides an opportunity for people to work with creatively and innovatively. They provide them with the flexibility to work from remote locations and for flexible hours. It helps in increasing the productivity which eventually leads to the growth of the individual and the company. In the coworking space, one can get all facilities and even more than that which they can get in the traditional office space and that too at a cheaper rate. They are fully furnished as well as full services offices where one need not worry about the back end responsibilities such as stock left in the kitchen or stationary, internet issues, power outages, and other internal matters. The maintenance cost and other expenses are taken care of by the service providers. Otherwise, a large chunk of savings goes into the monthly salaries of the technician, administration staff and other expenses while in the coworking office all these things have been taken care of by the service provider which helps in saving a large amount of money.
The coworking office is more than shared workspace as they provided the benefits of affordability, profitability, and promotability which makes them famous among the people.
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