Are co-working spaces right for your business?

There has been a lot online about the expansion and popularity of co-working spaces. But are they a good fit for you and your business?

What is Co-working?
Co-working is defined as: the use of an office or other working environment by people who are self-employed or working for different employers, typically so as to share equipment, ideas, and knowledge.

What are the advantages of Co-working?
– Avoid costs of construction or rental of a whole office
– Interact with other entrepreneurs, creators and professionals in your city
– A flexible, public workspace where you can conduct business

What are some of the drawbacks of a Co-working space?
– Your business does not have its own physical office
– Co-working spaces may only be open during business hours, which may not be ideal during crunch times
– Others may cause distractions or be disruptive when you are trying to focus

Co-working spaces can be a good step-up from working at home but it’s important to assess your own work-style before making that commitment.

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