There is so much to consider when you start your own business such as, where do you base yourself? Hiring private office space for a new start up or freelancer is likely to break the budget. The solution: coworking spaces. A coworking space is an office environment used by multiple businesses and freelancers who rent and share desk space. Co-workers benefit by gaining an official office location and sharing office resources (e.g. Internet).
However while there is a clear economic benefit, there are even greater business opportunities within these collaborative spaces. An office environment filled by professionals with different areas of expertise means knowledge is shared between businesses and freelancers. This advantage is felt firstly by the co-workers but most importantly this passes on to any client.
Once you scratch the surface, you discover strong communities within coworking spaces who have teamed together to offer greater services to their clients. We recently spoke to three coworking spaces in Europe to gain insight into the motivation which led to many people building and joining such spaces and the value created today.