What is the Advantages And Disadvantages Of Coworking Spaces?

1. WHAT IS THE ADVANTAGES AND DISADVANTAGES OF COWORKING SPACES? COST-EFFECTIVE The first on our list of advantages and disadvantages of coworking spaces is cost-efficiency. Undoubtedly the cost of private offices is high. Small businesses and start- ups need to save maximum capital to invest in their product; hence a shared office is ideal for such businesses. CREATIVE WORKING ENVIRONMENT We all know that environment highly influences our working capacity and overall creativity. Another perk of having a shared space is a chance to meet and hang around with like-minded people. AVAILABILITY OF AMENITIES Another benefit of having a shared workspace is the amenities that will help you grow your business. Providing your employees with equipment and some luxuries like a coffee lounge, advanced technology, and furniture can develop a sense of professionalism. LESS-PRIVACY As mentioned earlier, co-working spaces do not only offer benefits but also have their downfalls. The first disadvantage on our list of advantages and disadvantages of coworking spaces is less privacy. TOO MANY DISTRACTION' S If you’re the type who needs absolute silence while working to help you focus, coworking in a shared space will not be for you! While you and your employees are stressed about the upcoming big project, there might be the sound of coffee brewing or general hum of many conversations around you, similar to a coffee shop. WWW.BLUEMANGOCOWORKING.COM