Get Out of the Home Office with a Co-Working Space

When starting a new company, you might be stuck working in a home office for a long time. While many entrepreneurs enjoy that, others get sick of the lonely feeling and isolation of working alone at home. While a company office might not be cost-effective, co-working might be a good fit.

 

What is it?

A co-working space is an office for small business owners and tech oriented folks to work together in a shared space. There are often desks, conference rooms, small offices, and other amenities at your disposal.

Workers generally buy a plan that allows them to work in the space for a certain number of days per week or month. It is common for a co-worker to buy a two or three day per week plan that is much cheaper than an office rental.

 

Affordable

Because you don’t need your own office, mailing address, and utilities, you can share them with other co-workers and save money.

One local co-working space in my neighborhood charges $75 to $300 per month depending on your needs. That is a pretty good deal for a part-time office with great amenities, such as color laser printers, copy machines, and more.

 

Social

Another big benefit is that your office is social. If you miss chatting by the water cooler, this is a great benefit for you. Your other co-workers are also small business owners and enjoy a little human interaction from time to time.

Co-working spaces also hold social events and workshops that foster interaction and camaraderie among members. For example, I was a DJ for a singles night hosted by a co-working space in Denver. A lot of the members turned out along with a handful of like-minded people from around town.

 

Growth Oriented

One of the biggest benefits of co-working is that your co-working space will help you grow. Your fellow members will help you grow. Your co-working space will host events designed to help you run a better and bigger business. You can network with other business owners. Everything is designed to help you succeed.

Of course, they will not do the work for you. This is a place to go and work. It is an office. People are expected to be respectful toward other’s need for some level of privacy and quiet. You will be left alone during most business hours to focus on your business.

This will not lead to success overnight, but it can help you along your journey toward a more successful business. If you are lonely in your office, co-working may be a great fit for you.

Have you ever used a co-working space?

About Eric Rosenberg

Eric is a finance blogger at Narrow Bridge Finance and a serial entrepreneur. He runs a media company, flash mob company, and DJ business from his hometown in Denver, Colorado. You can read more about his finance background and connect with him around the web.

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