5 Coworking Facts That You Must Know
The term coworking continues to gain more popularity in recent times as young people fall into line, realizing that they don’t have to join the traditional path in their careers or be a part of the rat race that dampens their true potential or ability. Instead, people prefer assembling in a neutral space with like-minded individuals to work independently on multiple projects or in groups on the same tasks in a convenient fashion. This may seem different or unconventional from typical office culture, but get used to the new norm, the future of work, as co-working spaces foster talent retention for budding freelancers or entrepreneurs to make the leap rather than losing their flair.
This career perception is likely to play an instrumental role in the rise of coworking spaces, and it will lead people to develop through technology, opportunities and awareness.
So, now that you know why coworking is becoming popular, there are some unbelievable facts that you are unaware of, but we have sorted out the five unique facts about coworking.
Here are the five surreal coworking facts that you must know!
Rapid Growth in Freelancing
More people are inclining towards a flexible lifestyle mode, and therefore freelancers prefer the idea of coworking to work and collaborate simultaneously. The biggest fact associated with coworking is that it entertains flexibility in every aspect possible, regardless of your position. Whether you are a freelancer, entrepreneur, or SME, you can enjoy coworking without any hassle.
According to CoworkingResources, a comprehensive online publication about coworking spaces, the coworking industry will witness a rebound in 2021 and rapidly develop by 2024, with over 40,000 coworking spaces and at least 2 million members working in it. As a result, coworking spaces will become more popular, and freelancers and companies with remote employees will make the most out of the opportunity.
A Healthy and Broader Sense of Community
The idea behind coworking is not about competing or getting the work done like practiced in a traditional office space but climbing different ladders of success based on one’s own pace. Also, according to GCUC’s, a global coworking community, 84% of coworkers feel positive working in a coworking space as it enhances their motivation level. This fosters a healthy environment between coworkers and helps the community grow more potent with productivity, ability to manage and meet deadlines comfortably, and career-advancing of an individual. As a result, it gives coworkers more control over their day.
A Chance to Network
For any business, regardless of sector, size or establishment, connecting with clients or customers is essential. In that case, coworking allows businesses to curate and improve the quality and quantity of their network. The opportunities are endless, and there are many reasons to say that networking is good for business. It drives proposals, connects people to mentors and investors, hones pitch skills, and so much more. Coworking also sets an environment to curate networking, which helps people to socialize and share knowledge.
Enhances Business Accountability
Holding yourself accountable is arguably one of the most challenging parts of being self-employed. When you have only yourself to raise questions and seek answers, it becomes difficult to lift your spirits to meet your demanding objectives, such as managing time and spending money.
But when you adopt coworking, you are more likely to keep the accounts and expenses up to date. Besides, having a team around can also boost your business to stay energetic when facing entrepreneurial adversities. Planning to have a group of people opens up more pathways for your business to become an important player in the market as it provides a headstart and a morale boost to give your best shot and helps you achieve your goals.
Eliminates Age Factor
If you assume that coworking is only for millennials, get ready to be proven wrong. As said earlier, the concept of coworking is not about competition but helping each other to climb their ladder of success. Furthermore, research commissioned by Deskmag, an online publication about coworking spaces, is convinced that 65% of people working in a coworking space are under the age of 40. This nullifies the assumption that only younger people can thrive in a coworking environment.
The coworking culture is based upon aspiring to be successful, and it can be done anywhere; it doesn’t necessarily have to be the traditional corporate way. If anyone is willing to stretch their arms limitlessly, they deserve to be a part of the coworking revolution.
However, it is unlikely that coworking will instantly replace the traditional work mode, or everyone will suddenly fancy freelancing. Corporates will continue to rule, and new companies will be built, but they may focus less on having centralized locations and offer perks like remote working under appropriate circumstances.
So, if you are a budding entrepreneur or a freelancer looking to take advantage of the best coworking opportunities, Visit Two Trees today to book a tour. We guarantee a seamless work experience with state-of-the-art facilities, infrastructure and are one of the best coworking spaces in Chennai.
Check out our other blogs to know more about coworking spaces.
