Co-working Space, Is It Right For Your Startup?


Bangalore: Heard of co-working space? It is a complete new trend and style of working, where the founders or entrepreneurs rent office space, desks and all other office amenities by the hour, day month or a year. Dorm room projects are made more formal through this style and this in turn attracts more investors and customers. Most of the cities today have co-working spaces to reduce the tension of entrepreneurs, to find an office location.

In New York, San Francisco and such other major cities the co working space has considerably increased. The 2nd Annual Global Co-working Survey points out that 36% of all co-working spaces plans to open additional locations in this year and it is also predicted that there would be 85% increase in the membership. However, not every business can work in a co-working space, is such an environment right place for your startup? Consider these five factors before you could plan and move in. As reported by readwriteweb.

Kind of people

It is a mixture of businesses in a co-working space, different flavors and ideas, all under one roof.  Some spaces cater needs to creative workers like writers, designers whereas others focus on entrepreneurs or women business owners who would need child care services during normal working hours. Some spaces would only have software engineers, game designers and other techies. An entrepreneur must be careful in picking his working space because he would be spending a fair amount of his time among this crowd.