This is unarguably true that the concept of co-working has gained immense popularity among the young entrepreneurs. The adoption of coworking space of late is undoubtedly spreading like wildfire. There are several companies even with big teams opting for coworking spaces as they are witnessing exponential growth by opting for the same. Also, with the boom in the ecosystem of Indian startup, it is not at all surprising that the demand for the coworking spaces in India is witnessing a steep increase in the present time. It is absolutely safe to mention that the spike in the demand is directly proportionate to the number of the startups that are getting launched in India.
One very common perception or notion that most of the individuals possess is that the coworking spaces are majorly apt for the small teams and the freelancers. There are several big companies which are preferring the coworking spaces over the traditional working offices.
Why opt for coworking spaces in spite of having a big team?
The ease of infrastructure and the daily operations is one of the major advantages of a coworking space. This is the main reason why most of the big companies are moving towards the the coworking spaces in order to save the costs of both the admin and infrastructure.
The infrastructure is usually brilliant in the coworking spaces. The admin staffs are cooperative and the operations are seamless.
Some of the advantages and disadvantages in case of the big teams who are operating from the coworking spaces
Brilliant infrastructure- The coworking spaces are usually known for its world-class facilities and infrastructure and facilities.
Networking– The right opportunity to network with the right community of people is a big advantage of operating from a coworking space.
Exchange of ideas– Access to diverse communities of entrepreneurs enable the entrepreneurs to discuss business and brainstorm on certain aspects.
Getting help at some of the critical situations– Opportunity of interacting with several other startups and also helping each other out at times of need is another advantage of a coworking space. You can approach for help at times when you are terribly struck due to some issue in the business.
Events– The management of the shared offices are always proactive in organizing events which are involving the industry experts to come and speak on the various useful topics ranging from the accounts, legal aspects and tips on pitching for funding.
Investors’ meet– The co-working space always provide the organizing investors’ meet which is a great thing in the startup organizations.
Talent acquisition become easier– when the teams of new organizations or startup start working from the coworking spaces these spaces are filled with several like-minded people. So, it is easy to find the perfect talent while operating from a coworking space.
Utilizing the resources- There are several companies which operate from a coworking space. At times the meeting and the conference rooms are over-booked.
Employees’ poaching- There is a flipside of the interactions with people of other organizations in a coworking space. There is a possibility of the employees being poached in such an environment.
Identity issues- If a particular startup has a large team, it usually at times wants to have its own identity. This can be customized furniture or a separate internet lease line. Also, some startups want to put up their branding stuff in the coworking space. The issue is that even if a startup is paying more money to perform some customizations, it does not work out well because you as a member of the coworking space is treated socialistically.
With respect to above discussions, it can be pointed out that there are so much benefits of a coworking space even with the startups with big teams but at the same time there are some potential risk factors associated with it as well. There are large companies like Snapdeal which have opted for coworking spaces even if they are able to afford their own office. This concept is gaining rapid momentum and it feels like that the trend is not going to fade out soon. So, if you have a startup and have a big team, then you can try out the coworking spaces, of gofloaters for best results.