Tag Archives: coworkingspaces

coworking spaces

Bursting 5 misconceptions around coworking spaces

Over the last few years, professionals across the globe have been ditching traditional office spaces in favour of coworking, but some professionals are skeptical of the shift as this movement disrupts long-held business norms. People often think coworking spaces are too distracting, only for startups, or just a glorified term for any other office space.

While many coworking spaces do have a casual vibe, they are definitely much more ‘work’ than play. So, today, let’s debunk some of the most common coworking myths once and for all!  

Misconception: “Coworking spaces are not for big enterprises.”

Truth: While coworking facilities are great for startups as they cut overhead costs, startups are not their primary users. Gone are the days when the majority of occupants at coworking spaces were startups or small enterprises. With affordable prices, a dynamic environment and ease in transitions (staffing, location, and renovations) many large enterprises are looking towards coworking spaces as a solution. Even Smartworks, in addition to several budding businesses, is home to conglomerates including Jaguar, and Amazon India.  

Misconception: “Our business has a fully-functional office, so a coworking space isn’t suitable for the company.”

Truth: Traditional office spaces are a comfort zone for a majority of businesses, which is why coworking spaces become an uncharted territory for them.

But the perception is slowly changing with professionals believing in a change of scenery. Companies are today using co-working spaces for a variety of tasks, example, hosting business meetings with visiting clients, providing workspace solution for short-term employees or renting the space during expansion of the business.

Also Read: Fun Things That You Can Do in a Coworking Space

Misconception: “ Coworking spaces will only work for my business if I were a solo entrepreneur.”

Truth: Another name for a coworking space is “flexible space.” The coworking model is flexible and works for businesses of all sizes, be it independent workers, small businesses or satellite locations for larger corporations. According to an industry report by JLL, “Workspace, Reworked: Ride the Wave of Tech-Driven Change,” flexible workspaces will comprise up to 30 percent of corporate real estate portfolios by 2030. Which means coworking spaces will not only work for solo entrepreneurs but also provide an excellent setting for all size of enterprises looking to combat isolation and to thrive in a productive environment.

Misconception: “ Coworking spaces are an extrovert-friendly arena.”

Truth: People often think of coworking spaces as offices with a  bunch of hipster programmers working on their start-ups, walking in and out with their pets, usually wearing pajamas. That’s really not true. A coworking facility does not confine to a set layout, every space is different, and some are designed to facilitate socialisation more than others. While some spaces offer open office space, others provide private offices.

These spaces include both common areas as well as spaces for independent work. Therefore, professionals get to choose the extent of socialisation and can strike a balance between mixing and personal autonomy. This benefit offers space for personal expression and creativity, making coworking professionals thrive.

Misconception: “Coworking spaces means people who share a job.”

Truth: This is one of the most common misconceptions about a coworking space. People tend to assume that only similar businesses and jobs share a coworking space. Getting different professionals to work together is not always the purpose of a coworking space instead a coworking environment often has professionals working on various projects or even in different industries.

What sets coworking spaces apart, is the rapport that coworkers working in different industries build, as their work relationships grow. Such camaraderie allows for a transfer of knowledge across industry lines which has the potential to bring insights and innovation to disparate fields.

Coworking is a unique business model which has something for every business. So, if you’re on a hunt for the most productive and profitable environment for your business, consider coworking.

 

workspaces

5 characteristics that make good workspaces GREAT

Times are changing fast. Workspaces that people yearned for, expected and cared about a few years ago are so different than today. The first priority for founders and managers today is to create an environment where the work is both exciting and challenging. A place where careers blossom and the bottom line thrives.

So what are the essential values and behaviours that every organization must follow to thrive in the future? What can an organization do to ensure that a workspace is a place where employees want to be and not have to be? Focus on creating a workspace that goes way beyond choosing nice decor or comfy chairs.

In this article, we’ve enlisted five essential characteristics of a workplace that attracts and motivates people to come to work everyday.   

Authentic leadership

The success of any great workspace arguably hinges on great leaders. From executives down to front-line managers, authentic leaders demonstrate respect, credibility and fairness to employees and the organization.

These leaders consistently present a clear vision for their company and increase trust every time they listen carefully to employees and live up to their word. So start by identifying, hiring and promoting leaders who cultivate strong bonds with their teams, connect everyone to the mission of the organization, and spotlight team members’ successes.

Also Read: 5 Must Read Books For Entrepreneurs Recommended By Billionaires like Steve Jobs

Clear purpose

A great workplace, or any workplace for that matter, has a clear and specific purpose for existing which is captured and ingrained in every action or decision a company takes. A 2014 study by Deloitte found that an organization that focuses on ‘purpose’ is an organization that inspires higher levels of confidence among stakeholders and one that boosts growth. Similarly, a 2010 Burson-Marsteller/IMD Corporate Purpose Impact study found that a strong and well-communicated corporate purpose can contribute up to 17 percent improvement in financial performance.

So make sure that your organization has a clear purpose in place. Your employees should have a clear understanding of this purpose and must be enlightened by leaders as to how their roles help to achieve the company’s purpose.

Equal opportunities

The cardinal rule of a great workspace is maximizing its human potential. When all employees are at their best at work, it’s better for businesses, better for people and better for the world.   

Create a culture that allows every employee to be innovative and contribute in their own capacity. Even Apple’s Steve Jobs firmly believed companies that want to retain great employees have to let them make decisions. IBM in 2006 invited 150,000 employees, family members, business partners and clients to an online brainstorming session called an ‘Innovation Jam.’ Participants from 104 countries responded, and their ideas led to $100 million in investments by IBM on suggested projects.

Diversity & inclusion  

With the millennial generation entering and representing the significant segment of the workforce, the expectations are changing. Workforce, today, expects their employers to create inclusive spaces around gender, race and even sexual orientation. They look forward to open and candid communication where everyone should be able to voice their perspective respectfully.  

Therefore, companies should take note and add multigenerational positions within the organization where inputs from anyone and everyone are appreciated.

Workspaces that WOW you

Employees today don’t need a lavish multi-story office to feel more productive. Design working environments that are safe, comfortable and hassle-free. Ideal workspaces are those where people feel free to move around, don’t  feel tied to their desks, and create more opportunities for creative collaboration.

That’s where co-working spaces like ours come into play. Make a switch today to spaces that allow for privacy, collaboration, and networking.