5 important lessons coworking taught us-converted

1. 5 IMPORTANT LESSONS COWORKING TAUGHT US PHENOMENON OF COWORKING Coworking space is one of the byproducts of phenomenon called the sharing economy or collaborative consumption. The term coworking space applies to sharing workplace with workers or business owners and startup’s with various background and companies. It is also defined as a business or organization dedicated to the concept of sharing workspace where individuals can work independently or collaboratively. It is a place where different companies or individuals work under the same roof, minus the divisions and minus the hefty price. Coworking space are the hype of today’s startup businesses. Best coworking space provide small businesses, independent contractors and other workers a space to work, network and participate in the local business community. Coworking is considered best for whom 1. Entrepreneurs, small businesses, and freelancers who need a quick place to work are considered best to work in coworking places 2. Someone who is not interested in signing long contracts and lengthy contracts in order to lease an office space, for them coworking again acts

2. as a life saver. 3. Someone who wishes to save money and/or wishes to minimize rental costs without working uncomfortably. 4. Last but not the least collaborate with and innovate and start the energetic entrepreneurs. Why is coworking preferred? 91% of the coworkers claim that they had better interactions with each other in coworking as compared to traditional office job and thus helped them improve their confidence. 64% of the coworkers claim that they were able to finish work on the desired time as the services in the coworking are accessible 24/7 by the employees. 70% of the coworkers claim that they felt the method of working in coworking is healthier than that of a traditional office job. They felt more happy and interactive in case of coworking.

3. 50% claim that they were able to make more money out of their existing knowhow over the task they are performing. 78% of the coworkers were found to be below the age of 40 years. What is learnt from coworking? 1. HELPED INDIVIDUALS IN EXPANDING NETWORKS: it has been possibly noted and claimed by a ton of coworkers that their experience in coworking helped them understand various networking and relation building technicalities of an organisation. It helped them find new clients and helped grow the income 2. WORKING HARD, BUT SMART: it has been clearly evident that coworking is a smarter approach to a project since it is done under the supervision of workers who are working in mutual existence. This helped in expanding the business faster and helped reduce the commute 3. INCREASED SELF CONFIDENCE: the coworking environments are quite friendly and facilitate introductions and relationship management among the same employees of different work. This bought a lift in personality development and confidence of an individual. 4. ELIMINATE THE DARKNESS AND EXPLORE RELATIONS: as mentioned earlier about the environment in coworking it has been evident that coworkers were able to decamp the isolation of sitting in small and compact cubicles and engaged themselves in discussions and managements of projects which helped them grow their creativity skills. 5. BEING MORE PRODUCTIVE: coworking taught us to be more creative as well as productive in nature , it has been observed that flexibilities in coworking provides a proportional relation between the available resources and productivity and outcomes recorded 6. BEING HEALTHY AND HAPPY : coworking helped the employees remain happy all the time by their indirect engagements into various jobs thus providing a healthier and happier ambience 7. BE MORE MOTIVATED: It helped a lot of individuals to overcome demotivating over their work and be more creative to work by yourself by surrounding themselves with hardworking professionals like others. It helped them to find talent and people to work with it.

4. 8. OVERCOME DISTRACTIONS AND INCREASED FOCUS : it helped a lot of employees to overcome distractions from various social , political agents such as family members television 9. EARN GOOD BUT PROVIDED EFFICIENCY: it helped a lot of individuals to earn good and helped them organise and lead work to the right direction with a team or a group of members. 10. BETTER WORK LIFE BALANCE: It is important to look after promises made in the job as well as in the family and thus coworking helped in better balancing both the agents by providing them an equilibrium of attention to both. 11. LEARNING PROFESSIONAL WORKING WITH OWN SCHEDULE : the working hours in the coworking are flexible enough and the utopia is quite professional and one can manage his/her own schedule while being a part of a coworking company. 12. WORK IN A PROFESSIONAL ENVIRONMENT: the working conditions in the coworking offices are an utopia . They serve the best possible professional environment for the best performance of the individual and thus boosts the creativity of the individual Below are the major benefits of coworking space that might convince an individual to start working in one. 1. RELATIONSHIP BUILDING 2. MORE IDEA GENERATION 3. POSITIVE ENVIRONMENT 4. AFFORDABLE RATES 5. COLLABORATION WITH PEOPLE WHO HAVE DIFFERENT EXPERTISE . Advantages of coworking summed up 1. Helps the business grow at a hasty rate 2. Expands one's personal and professional networks 3. Facilitating introductions of various tasks 4. Work by yourself , not alone

5. 5. Be more creative and innovative 6. More motivation to work by surrounding yourself into the right atmosphere 7. Happiness with health enriched 8. Better work life balance 9. Reducing your commute 10. Eliminate isolationism Basics of coworking summed up As a concept coworking is becoming increasingly relevant to teams across MNCS, professional consultants as well as startups with small employee strengths. This is because of the several apparent and hidden advantages that it offers lean teams as a result of building a cooperative society