Co-working

1. A poor location

Look for a place that you can afford financially: in terms of both investment and maintenance. Your center’s position is crucial to its success. Check if the area you want to live in suits the type of people you want to settle in. Where should you set up your center?

2. A bad business plan

You should come up with a solid and clear business plan before even talking about beginning your coworking venture. Be careful to count the costs in ALL. For example, if you are planning to set up a coffee stand, you might ask for advice from a bar tender. Also, don’t forget the costs produced for your colleagues by events, activities and training sessions.Seek not to overestimate the occupancy rate of your offices in the “profit” column. Testimonies from coworking managers tend to show that income from office rentals turns out not to be as high as that related to event hosting, the availability of meeting rooms (this service is very popular among coworkers), the privatization of your coworking space, etc.

3. Missing out on the interior layout

Your members pay to work in a nice and comfortable place. Your interior must be welcoming and built to suit the needs and desires of your members. Be creative and original as far as office design is concerned! No need for your coworking room to be like any other open space! You need to think about how you can promote communication between employees…, No limits are set, but bear in mind that the coworking center needs to be light, airy and calming. The presence of ornamental plants influences those who take care of them very positively, so why not place some in your coworking center?

4. You did not set your deals properly

In what you want to recommend to your colleagues, be as specific as possible. Will you be developing tools for meetings and conferences? Do you want a culture that is very involved and dynamic? What class do you strive for? Work on the deals that you will be offering and adapt to your audience.

5. You are not planning on being part of a network of coworking centers

It can be extremely profitable to enter into alliances with other coworking centers in France and abroad. Being part of a program like Visa Coworking enables workers to go anywhere on the world while paying through a centralized process. It will, above all, encourage interactions with other managers (to share experiences, ask questions, and gather ideas…).

6. You have not though about the development of the community

The efficiency of your colleagues and their ability to find new ideas is highly dependent on their affinities. If you’re not improving the coworker culture, you’re sacrificing coworking’s main interest. You’ll scare potential customers away as well. Work on its creation before opening your center and set up appropriate tools to do so. Prepare a list of events that your colleagues will attend

7. You are managing your coworking center like any other renting office system

Coworking is much more than an open space! It’s got ta be fun! Be innovative, host lots of events and performances, and start fun activities like Casual Fridays or Jellys (relaxed brainstorming)

8. Giving up on a large audience… or the contrary.

Select the groups you want to draw before you go for it. If you want a specialized center (read our article): do not target a very limited audience (you risk not filling up your center). Do not do the contrary, aim too high and lose out on what your customers really need.

9. Managing on your own

Don’t overestimate your ability to run a coworking center on your own; it’s more difficult than renting an AirBnB! You should go for a small structure if you still want to do this on your own. It’s more ambitious your project? Become partners with other administrators of the coworking center to help and better manage a greater amount of work.

10. Trying to manage your center

Without an effective tool, you can’t manage your coworking space. offers you the solution to follow the operation of your center live, imagine your job level, bill quality, and host professional or festive events…

With all the hype surrounding coworking spaces, we’ve decided to give you a primer. They cover the basics of coworking as well as the consequences for conventional workplace and facility managers.

WHAT ARE COWORKING SPACES?

Step into a coworking space and you will immediately notice that it feels different from a regular workplace. The smell of fresh coffee in the air is second only to the electrical aura that enthusiastic and excited occupants bring to space. You’ll see a combination of deep-focused people at private desks, and others catch up with lively discussions at large community tables.This is the culture of the coworking space.

Coworking spaces are simply shared workspaces. They offer affordable office space for those looking to escape the loneliness of their home office or coffee shop.

Such collaborative workspaces provide a suite of office-like facilities such as hot desks, private meeting rooms, kitchens, coffee and more. We also deliver a family as well. Occupants are typically freelancers, entrepreneurs, start-ups and small teams who want to take advantage of a flexible space.

Besides language, the price is another big draw. One of the benefits of these spaces is the opportunity to lease out only what you need from an entire private office space, which can be expensive. Costs vary and allow flexibility across various membership-based models. These include plans for regular and monthly charges. The cost of membership also varies based on whether you use a shared desk

If you want to know more and be highly motivated at the same time, then the video below from space provider No mad Works is useful. It brilliantly summarizes the essence of coworking spaces.

WHO USES COWORKING SPACES?

THE USUAL SUSPECTS

FREELANCERS

Co-working spaces offer the best of both worlds for freelancers: the freedom to choose your own hours and schedule without isolation.

Such shared spaces are great for freelancers. A sense of community is developed for those who would otherwise be forced to work alone at home or in a coffee shop.

START-UPS

Start-ups appreciate the versatility of coworking spaces. Coworking spaces do not come with the high costs and responsibilities of traditional office leases. These also give small teams the chance to interact with others in space. Such spaces may even enable entrepreneurs to find a co-founderfor their start-up by linking the right people at the right time.

THE CONCEPT IS WORKING WELL

Coworking spaces are a great fit for small organizations of this kind. There is an intrinsic correlation between what spaces provide and the ambitions of freelancers and start-ups.

India has taken the fast pace of adaptation to co-working in so many states, while some of us still don’t know the existence of shared spaces.

Co-working in Asia has become very popular in major countries like Taiwan, Hong Kong, Singapore, etc.

The idea of co-working has progressed in countries where investing in an office space has been a financial burden on an individual with a great idea. For someone to come up with such an ideal thought, it is clearly obligatory, especially for entrepreneurs, freelancers, start-ups, etc.

As Asia was relatively scarce in office space, the trendof co-working quickly began and evolved. A lot of entrepreneurs around the world are now indebted to the ideaof co-working. All of South East Asia was popularly on the market, with over 10,000 expected to be open to business by the end of 2016.

In Hong Kong, the start-up culture has been fostered by many co-working spaces. Such office spaces can be found all over the globe. Hong Kong Island is one of the places where a vast community of office spaces can be found.

Apart from enjoying the joy of all the services offered, co-working spaces help to bring about a strong community within the house. In the face of a phenomenon that has developed throughout the world, India has never stopped falling. In India, for example, Workshaala has contributed to the rapid growth of shared spaces along with other ideal start-ups.

Who also partners their business to help entrepreneurs and start-ups today.

A lot of cafes and rooftop bars are acting as co-working places, enabling their customers to use Wi-Fi. Even, by making it easier for them to work without paying a lot.

Which better way to work in a café than a cup of coffee? Provision of such an environment is definitely comforting. Since most office spaces are in Asia, an enticing aspect for their government to be very flexible is making entrepreneurship an ideal career path.

There was a time, not long ago, when people stopped talking about expanding business as soon as they reached the stage of obtaining an office. Individuals used to get strangled when they were a small business because they had to spend big just to set up an office. People used to set up their own office in their house, and that’s not the best way to get the best out of your Employee.

The coworking culture has fundamentally changed the way that local businessmen saw a new office set up. After a humongous success, established companies and industry leaders have begun experimenting with this technique. People have been educating themselves with the items that Coworking brings to their table. It is also imperative that you choose the right kind of space based on your requirements. That is why your decision to lease would have an effect.

Cost effectiveness

Cost efficiency is one of the main reasons why you choose Coworking space. It’s almost half the cost you would have paid for using the same office if you were in a traditional building. Map out the different spaces in your area and determine the one that fits your budget perfectly. With the rise of shared office space growing, options have also risen in number.

Get into the space and feel the facilities available

However, it’s really important that you go to the building to check if it has facilities that match your taste. Check to see if the position is secure enough for the workers or the future. You see, the table and the chairs are meant to last the long hours you guys are going to put in. See if the location is a niche if the client is coming to visit you.

Check the amenities available

Another incentive to venture at space is to discover the things they have with them. Places like a decent pantry, a toilet that can be used and, most importantly, a meeting room. Meeting room is the place where a good team can be formed. This has also been used to meet with customers and prospective clients. Find out if they have good facilities at their fingertips.

Internet Generation needs a good Internet connection

We’re in a century where the Internet has been used in almost every business. If you run the Software Company or the Taxi Company or the Automotive Laboratory, you would need the Internet at some point of your service. It is therefore important to find out whether the building has a good internet connection and has undeterred access to it as well.

Take a look at that Contract carefully

Being an entrepreneur, you know, it’s really important to read extensively and sign on to anything. Well, the Coworking Space contract is no different. Go through the contract carefully, and check if there are hidden agendas. Even, if they’re ready to give you a trial period, the better it would be. You would have the opportunity to feel the place to its full potential.

The feel you get when you first see it

I know this is going to sound emotional; then again, the feel of the office means a lot. There are places that have a good vibe, and you’d notice it right away. Trust me, the employee’s will hear the narratives as well. Imagine the place to be your fortress and find out if it’s the right place to be.

Google the people you are going to share the space with

In a growing trend, businesses with the same slogan and the same direction share space. This has helped all sides and has, in some cases, brought about the best of them. So do a little research about your partner in crime to find out if they have the same bond you’re looking for. I’d say it’s better to have an office shared with someone who’s in the same profession, too. It’s great to have the same kind of people around.

Commutability to the place

The most important factor of all is the commutability of the page. Figure out if most of the staff are in visible proximity to you. It’s hard for a person to work, and if the stress of travel rises too much on a daily basis, it would be impossible for your staff to work to their full potential. Find a place with a good common transport connectivity and a centralized location in the city. Coworking Space New Jersey, for example, would have a greater commutability than the rest of the nearby places.

Accessibility to the office

Imagine that you want to conquer the world and have clients in all 7 Continents, this would allow your service to be 24* 7. Test to see if the room provides you with that facility. Confirm whether you can come to the office at any time you like. Always find out if travel to the workplace is available all the time.

Security System

To break it down in simple words, once you build a Healthy Environment for your workers, the productivity will always be lower than you expect. Figure out if there are good security systems available at the venue. Figure out if the Space Providers are giving you the assurance. Figure out if the workplace is safe to work.

If it was a difficult task to set up an office, moving into a relatively new idea of coworking is understandably tedious. Remember the points listed above and transform your thoughts to your employees and the things you need to do as an entrepreneur. These exact thoughts will bring you to the point where you can choose the best option available to you.

Coworking rooms in Australia are intended to be as vibrant as the individuals who use them. They offer functionality and flexibility you won’t see in a typical workplace.

As your company continues to grow, a joint desk can become a feasible alternative for your scaling squad.

A joint room or coworking location provides you the advantages of a centrally located company at a much more inexpensive cost than a traditional commercial workplace (with profits of up to 25%).

It’s always a good business practice to maintain costs small, particularly if you’re just beginning up. If you need an organization or a command center, but don’t have the cash or energy to waste on all the administrative tasks that don with operating an office, you’ll be keen in the advantages that coworking provides:

1. Low start-up cost

Coworking rooms give freelancers and personal entrepreneurs a opportunity to operate in a fully furnished desk without thinking about the expenses of putting up a real desk.

By having a shared space, you can run your company without having to calculate and allocate property rental resources, fire insurance, desk equipment and multiple other costs that interfere with beginning a company.

With a mutual coworking space like KOLABS, everything is included, so you can devote more money on expanding your company.

2. Flexibility

It’s incredibly simple to scale up a mutual desk room as your squad expands. You can tailor your agreement to fit a single-person business, a two-person squad or a five-person company.

Hub Bangalore has a meeting room for up to 14 individuals or a conference room for larger organizations or activities.

You’ll discover lounges, phone booths, mailbox facilities and even a stand-up desk at all Hub locations.

4. Networking opportunities

Renting room in a communal desk implies wrapping yourself with goal-oriented and high-achieving entrepreneurs and company individuals.

Being component of a coworking society implies that you are encircled by prospective associates, customers, and mentors–providing you the capacity to outsource talent readily when you need assistance with particular projects or time-sensitive assignments.

5. Promotes work-life balance

All job no game’ is a phenomena that you will never encounter when you are in a mutual desk. Coworking rooms encourage work-life balance by offering stress-free and rechargeable rooms during the day of job.

In addition to daily personal events, health and wellness activities are conducted frequently for the advantage of its employees, such as guided meditation and daily yoga classes.