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Although almost any industry can do well in a co-working environment, certain industries are thriving in these spaces.
As people move out of traditional office spaces and enjoy a better work-life balance, co-working has become more and more popular. Although working from home has its benefits, many people find that when they have a dedicated work space that suits their needs, they are more focused and efficient.
4 industries that can benefit from coworking space
Although almost any industry can do well in a co-working environment, certain industries are thriving in these spaces.
For example, self-employed individuals can benefit from co-working space because they allow these workers to rent space when needed, rather than paying full-time rent for the entire office or building. According to data from the US Bureau of Labor Statistics, there were 10.3 million self-employed individuals in 2004 and 57.3 million in 2017.
If you are one of more and more self-employed individuals transitioning from traditional office space, co-working may be the solution you are looking for. Here are four industries that are particularly suitable for co-working.
Technical professionals
According to a survey conducted in 2017, technical professionals accounted for 22% of all co-working professionals. Whether you are a freelancer, independent contractor, or consultant, a shared office space allows you to access the resources needed to meet with clients and perform other tasks.
For example, software developers often sign contracts with customers on projects of different project lengths. They may not be able to concentrate at home, where distractions abound. With a co-working space, they can set up a desk with a computer and everything they need to complete their work. Because the proportion of technical workers in shared office spaces is so high, there are also collaboration and networking opportunities that are not available in a home office.
Writer and editor
Writing is usually a lonely job, and many writers and editors say they need a quiet working space. They also tend to access Wi-Fi for research purposes. In addition, it’s okay to use a high-quality coffee machine.
Co-working spaces allow writers and editors to have access to all these things, while providing them with a quiet space where they can concentrate and avoid all the distractions caused by working from home. Co-working can also help writers and editors develop a more structured schedule, thereby helping them achieve productivity goals.
Creative professionals
Creatives come in all shapes and sizes, including graphic designers, web designers, illustrators, and other professionals in the visual arts field. Creative work usually requires a lot of attention, which can be difficult to do when you are at home and surrounded by distractions and procrastination opportunities.
Many creatives also like to collaborate with colleagues and other like-minded people, which can be done when they are working in a co-working environment.
entrepreneur
Starting a new business can be an expensive job. For most start-up companies, funding is tight, and as new businesses develop, funding may continue for several years.
Most entrepreneurs have limited resources, which means they usually don’t have the money to throw away expensive items such as large office buildings or office suites. In addition, many business owners today find that they do not need to spend money on a full-time office.
Through co-working, entrepreneurs can use professional-looking office space, which is equipped with everything needed to meet with clients and investors. This type of financial savings can help new businesses flourish and expand faster.
Things to consider before switching to co-working
If you are discussing whether to switch to a joint office, you should consider some important issues.
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Do you want a more organized schedule? -If you want a more organized schedule, co-working may be a good choice. Many freelancers and self-employed people find it difficult to stick to a set schedule. When you have office space, this can motivate you to set fixed working hours.
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Do you need cooperation? – In many cases, even people who claim to be very introverts are eager to interact with their peers and others in the industry. Working from home is convenient, but it can also lead to feelings of isolation, which can eventually become burnout. Through co-working, people working independently can seek collaboration and social opportunities when needed.
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Can co-working save money? – Before making any major changes to the way you work, it’s best to calculate the numbers. Will you save money by switching to co-working? Even if you are currently working from home, in the long run, co-working can save you money by improving your work efficiency.
You can calculate how much money you will save by tracking the number of hours you work each day while working from home. If you find yourself reducing your working hours by spending a lot of time checking social media or doing housework, co-working may be a way to increase productivity and income.
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