What are Pros and Cons of Coworking Space?

Coworking has become a trend in solo freelances and business startups as well. From small businesses to young entrepreneurs to tech startups, everyone is going toward coworking space than traditional offices. Although coworking spaces have many benefits, it's not always a perfect solution in some circumstances.

Let’s take a look at the pros and cons of coworking spaces.

Pros:

1. Coworking opens the door of networking opportunities. You can meet various like-minded and similar mindset individuals at coworking spaces. There are chances to find potential business partners or investors and learn new things.

2. Coworking provides flexible membership options. That means there is no need for yearly contracts. You can pay monthly, daily basis or even an hourly basis.

3. Coworking spaces offer a lot of amenities like foosball tables, billiards, gaming consoles for relaxation.

4. Coworking spaces provide an outstanding work environment to improve your creativity. Apart from that, you will find a lot of motivated coworkers who will inspire you to grow up.

5. Coworking spaces are always cheaper than in traditional offices. So, you can save a lot of money and invest in other parts of your business.

Cons:

1. If you are going with a coworking space, you need to sacrifice your privacy because you are in a shared space. If you want to achieve a high level of privacy, you can go to a private office but it may be a bit expensive.

2. People organize networking events and fun activities at coworking spaces. Many coworkers like such activities. If you like them too then it is OK. Otherwise, these events might distract you.

3. You may face crowds and commotion at coworking spaces during certain working hours. Sometimes, you may have to wait for someone else to leave to get a desk.

Conclusion:

So, these are the pros and cons of coworking spaces that you must know before taking a membership. If you are a freelancer, remote worker or running a startup, coworking is the right choice.

Source: https://medium.com/@mindscowork/what-are-pros-and-cons-of-coworking-space-ea6f6b6dd7cc