Pros and Cons of
INCREASED PRODUCTIVITY. If working
from home is too distracting for you, getting
out of the house and into a space where
others are hard at work can help. In fact,
68 percent of people said they could focus
better in a co-working space than at home.
NETWORKING. As you interact with
other users of the space, you will likely find
valuable connections between your business
and theirs. More than 80 percent of workers
increased the size of their business network
while using a co-working space.
COMMUNITY. A co-working space can
offer you the community benefits of a traditional office: someone to bounce ideas off of,
a lunch buddy, or a group to help celebrate
FLEXIBILITY. Co-working space costs significantly less than traditional office spaces,
and most allow you to pay a daily, monthly, or
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In a SuccessfulMeetings study, 65 percent of event planners
cited keeping up with meetings technology—including finding
useful tech, integrating tech, and getting enough WiFi—as the
most important issue for running an effective meeting.
Co-working spaces, which you can rent on a daily, monthly, or annual basis,
have GROWN BY 200 PERCENT over the past five years. Is it a trend that
makes sense for you? Consider these pros and cons:
MOTIVATION. Without other members of
your team there to motivate you, a co-working space can prove more distracting than
beneficial for some. Set clear daily goals to
stay on track.
HIRING. Adding to your team can be difficult
if prospective hires are apprehensive about
the possibility of changing location. However,
younger hires are less likely to have an issue
joining you in a co-working space.
CONNECTION. Those bonds you form
with your co-working community could have
a downside: losing the valuable connection
you have with your actual co-workers at other
locations. Set up weekly calls with integral
members of your team to stay in touch.
UNPREDICTABILITY. Since co-working
spaces are open to anyone, the potential for
distractions is high. With a changing set of
workers each day, you can never be sure who
or what will come your way.