December - 2016 - issue > CEO Insights

Why Co-working Spaces Are A Fool proof Solution To Your Business

Sidharth Menda, CEO, CoWrks
Friday, December 30, 2016
Sidharth Menda, CEO, CoWrks
Headquartered in Bengaluru, CoWrks is an innovative real estate company offering Co-working Spaces, Commercial Real Estate, Office Space, Office Rentals, and other similar services, thus enabling people to work with like-minded individuals.

Chances are that, if you're an independent entrepreneur or are a startup founder with a small team, you don't have a lot of funds to spare. Many solo entrepreneurs might simply choose to turn their bedroom into an office. And that's understandable because getting a traditional office space, especially in major metropolitan cities can drain your resources. Adding to that, setting up an office and getting the basic amenities in place is not a small feat.

You might just make yourself believe that working remotely is just as good, that this is the tech age, and you don't need to be physically present together to work. While that may be true in essence, the fatigue of working in isolation is sure to catch up on you, and maybe on your team as well, and it will get increasingly difficult for you to keep each other motivated through the inevitable rough patches. This is one of the reasons for co-working spaces to have become such an attractive alternative. It doesn't have to be one or the other. If you're someone who puts a lot of stock on research, it is worthy to note that startups that use a co-working space are four times more likely to succeed and earn higher income as a result of that change.

Why is Co-working a Game Changer?

There are a ton of benefits available at co-working spaces that effectively marry the best of both worlds and offer itself as a fool proof solution to your business:

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