Co working Spaces: The future of workplaces

Co working spaces are planned and fully equipped work spaces beautifully crafted like a piece of an art. Co working spaces are designed in such a manner that it supports and motivates the entrepreneurial spirit of innovative minds behind new startups. Co-working spaces are changing the office ecosystem with passing time. Not only startups but many old and established companies are migrating from traditional office culture to co working spaces. In co working spaces people not only share the work space rather they share ideas, experiences, services and expertise which helps young entrepreneurs to understand the market and consumers effectively. One gets an opportunity to collaborate with co-workers and emerge with innovative ideas. Co-working spaces are employee friendly and offer them a comfortable and productive environment with engaging environment and various skill development workshops.

PROS

Collaboration and innovation:

In co working spaces various professionals and companies with different and unique expertise work under one roof. So, they get an opportunity to share their ideas and improvise their work which leads to great innovative ideas.

Work Environment:

Work environment plays an important role in the productivity of an employee. Employees working in a good and motivated environment delivers the best of them.

Co working spaces follow the same rule they provide the occupants with a comfortable, motivated and jolly working environment in which new startups and working professionals can emerge with flying colors.

Culture:

Established companies, new ventures, entrepreneurs, freelancers, working professionals coexist within these coworking spaces therefore one can experience a mixture of different work cultures under the same roof that is not found in any traditional office space which helps the occupants to learn and improve their working culture

Planned and Equipped Space:

When an individual or a company opens a new working space they have to take care of a lot of things which are necessary to set up and run an office. Therefore they have to spend a lot of time and money in planning for it. Co working spaces offers a Planned and fully equipped working space which helps these individuals and companies to set up their businesses without any hassle and it also helps them in cutting operating cost.

CONS

There are many benefits in opting for co working spaces over traditional offices but as it says, "every coin has two faces". Similarly there are some problems which people face due to the model of co working spaces but these issues are not a big problem if managed properly.

Competition:

In Co working spaces there are many companies working together who share common goals and consumers. So, due to transparent model of co working spaces they cannot freely do experiments on their innovative policies.

Strict and Specific Requirement:

Co working spaces are planned, equipped and designed on the basis of economical and above average operational amenities so that it can suit everyone’s pocket but there are some companies which have some specific requirement so they have to deal with such issues.

Security

Cyber security is one of the growing challenge for organizations working in co working space as these organizations share same network. Co working solutions need to implement effective cyber security concerns. Though not a major concern as CCTV cameras are available but still premises security can be another potential challenge.

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