Why Co-working Space is Ideal for an Early-stage Entrepreneur?

04 Sep, 2018

Co-working spaces are booming across the world in recent years and it is no surprise that it will significantly disrupt the traditional way of buying private office spaces. Let us demystify the reason.

Research shows that 65% of the Indian population is below 35 years of age - that's an incredible number of youths and they do not aspire to buy/own the house or even a car.

Sociologists say it is because of the financial crisis which is surely one of the reasons but the fact is they have a completely different set of values than their parents - they are less likely to care for stability and prosperity - all they care about is flexible, financial and geographical independence.

Why buy a car if you can take a cab (that too with a driver)? Why buy a house when you can rent it out? - Now you know why UBER is valued at $62 billion and Airbnb at $31 billion because of rising in the gig economy and co-working spaces are no different.

Let's quickly look at some of the benefits of a coworking office:-

1) Tempting cost:

If you are a small-sized/early stage entrepreneur or an individual freelancer - you do not have to burn a hole in your pocket to access a professional environment and rather save your finance to grow your work. At Uncubate, the best coworking space in Ahmedabad by coworker.com - we offer desks at the tempting price of Rs. X /- per month. Click here to know more / schedule a visit.

2) Networking:

Space is shared with professionals from different industries and backgrounds. Research shows 82% of respondents reported that coworking has expanded their professional networks and 64% said their coworking networking was an important source of work and business referrals. CCD has a tagline "Anything can happen over a coffee" - Imagine what cannot happen over a desk?

3) Environment:

Working from home or a dorm room may sound fancy but it comes with endless distractions. Surroundings play a big role in pulling you out of your comfort zone. Imagine working around super enthusiastic people just like you, helping you hustle and thrive much better. Check out the profiles of people working at Uncubate with whom you will be sharing a desk.

4) Admin headache:

Managing administration is very frustrating especially when you are in the early stage of your startup. You don't want to spend your time wrapping your head around issues of WiFi, electricity, appliances, sanitization, beverages, and other overheads. At Uncubate, we take care of all of them letting you focus on your hustle.

5) Belongingness to a community:

You join as an individual "me" but become a part of a greater "we". Research says - 83% report that they are less lonely since joining a coworking space and 89% report that they are happier since joining a coworking space. People working out of coworking spaces said that they find more meaning in their work by being a part of the whole community of diverse professionals from different walks of life coming together to build the legacy.