Coworking spaces started in 2005, and in just fifteen years, they have revolutionised the way millions of people work across the globe. If you are a budding entrepreneur or a small business owner and looking to relocate your business, coworking spaces are the right fit for you.
Choosing between a coworking space and a private office can be a tedious activity, but we can make the decision easier for you. While it all depends on the kind of business you are operating and the type of office space you are looking for, there are some things to consider while making an informed decision.
Coworking Spaces Provide Growth Opportunities:
If you are an entrepreneur heading a start-up, your primary goal should be the growth of your business. Coworking spaces offer you a feasible option economically. Let’s face it; you are never going to spend a hefty amount on a long term contract for a private office at this point.
Coworking spaces in Karachi, particularly CoSpace 1.0 at Shahrah-e-Faisal and CoSpace 2.0 at Federal B Area, offer attractive prices to rent shared workspaces every month. These monthly costs are inclusive of utility bills and other administrative bills. This arrangement frees up the expenses that you can utilise on the actual growth of your brainchild. After a while, if you are looking to expand your business activities, you can rent out private office in the same coworking spaces, saving precious time and money.
Coworking Spaces Provide Better Networking Opportunities:
A coworking space allows entrepreneurs and small business owners to share the stage with other like-minded individuals and build a network with them. This is helpful for the growth of their business and helps them attain new ideas to grow their business. However, if you are an established business with a fully functional marketing department, a private office is a suitable option for you.
Coworking Spaces Provide An Ergonomic Experience:
Entrepreneurs and small business owners do not have the luxury of throwing about exorbitant amounts. They’ll likely want to work in an ergonomic, flashy, and colourful setting that stimulates their minds and give them an epiphany while working. These are the kind of things you won’t usually find in conventional big-budgeted private offices with a proper hierarchy and chain of command to follow.
Coworking Spaces Have Less Privacy Than Private Offices:
We’ll give this point to the private offices! They certainly offer more privacy and if your business dealings are of a highly sensitive and confidential nature, then opting for private offices is a no-brainer. However, there is a catch. Most coworking spaces in the world, and certainly in Karachi, provide private offices to members as well. There is a great deal of privacy that comes with private offices at coworking spaces, particularly the ones offered by CoSpace 1.0 and CoSpace 2.0 at Shahrah-e-Faisal and Federal B Area respectively.
Gone are the days of enticing prospective clients with a large private office and big-budgeted facilities. Modern age clients are not bothered by all these things, and it is a matter of your content and delivery, no matter where it is, that appeals to them and makes them build a potential relationship with you.
The concept of Cospace started as a direct result of startups, freelancers and entrepreneurs being unable to find a facility that boasted all the amenities – as well as a place where they could creatively focus all their strengths and meet other like-minded professionals to network with.