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TJ Smith and Natalie Burns collaborating because together we are better.

The Benefits of Coworking

Coworking is working independently, together. Coworking spaces are a community-driven, office setting home to entrepreneurs, freelancers, remote workers, startups or small businesses to work around individuals in a shared environment. Whether you are a graphic designer looking for a workplace from time to time, or a developer needing a steady workplace, coworking is for everyone. Learn about the 10 benefits of coworking and how it improves your everyday workday:

 

1) Productivity

It’s often assumed that working alongside people will distract you. In coworking spaces, sitting across from someone tackling their to-do list will only encourage you. It’s empowering to see other people working hard. More importantly, this will narrow down your focus and help you dial in to your job.

2) Networking

Coworking helps increase your professional and personal circles. Networking happens naturally in coworking space. These spaces are community-centered hubs working to develop a professional space for you. In turn, you’ll easily connect with someone to collaborate with on your next project or learn something new from another coworker.

3) Referrals

Life and business referrals happen here. The water cooler or coffee pot is the perfect spot to find out the 411 on a cleaner or to learn about that new restaurant. New business referrals are largely associated with working in close quarters to coworkers, too. Another member or coworker might introduce your business to their clients for cross-collaboration.

4) Cost Efficiency

Coworking makes your life easier and wallet lighter. You aren’t coordinating your rent, cleaning service, and printer paper. All of those important aspects are provided by your coworking space, which lowers your overhead costs.

5) Avoiding Loneliness & Increase Well-Being

Loneliness is a health risk. Studies have shown that loneliness rivals obesity and smoking. Isn’t that crazy?

Spaces all around the world offer membership perks for supporting their business. Many coworking spaces offer a discounted deal to a local gym or even provide a weekly workout class. Ultimately, your well-being matters to not just your company, but even your coworking space!

At FACTORY, we have multiple member benefits for coworking. One of our coworkers hosts a weekly yoga class for our members. It’s the perfect way to start your day with the right intentions and increase your overall well-being, both mentally and physically. Learn more, here.

6) Diversity & Collaboration

Coworking spaces consist of a wide range of companies and members with a diverse skill set. It’s incredible to see relationships form and business ideas connect all because of mutual space.

7) Flexibility & Adaptability

Regular office rentals require long-term contracts, usually with a minimum period of one year. Coworking spaces are month-to-month with a variety of memberships that work best for your job.

Maybe you only need to rent a room for a meeting space, drop-in to work a few times a week. Sometimes our members need 24/7 access to work at the best optimal time or pull all-nighters. More importantly, the flexibility allows you to focus on the most important thing: your work.

8) Work-Life Balance

As a remote worker, you might find yourself starting to see you your home as your work. You might no longer dress up every day. Instead you stay in those comfortable sweatpants with last night’s spaghetti sauce. Hopefully, that’s not you. Because getting out of your house is key to a healthy work-life balance.

9) Sustainable Business Infrastructure

Are you sick and tired of your wifi dropping or asking your barista to restart their router? Coworking spaces offer an infrastructure that is sustainable to support your business. It’s a professional circle with blazing fast wifi, networking events, and tools to help your day run smoothly.

10) Community

Lastly, this is the secret sauce to why our coworking space exists. Community is the heart of coworking and without it, the wheels would stop turning and people would work at a coffee shop or in their own home.

 

Above all, we are all looking for human connection. It’s important to have a group of people who are willing to encourage, collaborate, and ultimately make you laugh. It makes every space managers heart burst when they see coworkers connecting over coffee or walking to lunch. Next time you are feeling the urge to get out of those spaghetti sweatpants or socialize with coworkers, know that there is a place for you at FACTORY.

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