Coworking Spaces: What Are They and What Are the Benefits?

If you run your own business from home, you probably think from time to time about whether you would be better off getting your own office elsewhere.

The main reasons people work from home are cost and convenience – the lure of not having to pay extra rent or service charges, plus the freedom from the daily commute, are good enough to make many self-employed contractors and entrepreneurs ardent fans of home work.

But the blurring of the lines between your domestic and professional lives is not without its challenges and complications. Staying at home all day, there are inevitably distractions which can make it difficult to focus on work. A common issue many home workers with families face is their working day effectively ending when the kids arrive home from school.

Staying at home all day, every day can also leave you feeling cut off and isolated from the rest of the world, while you may not have the space in your house to create the kind of dedicated working environment you desire. All of these push many a freelancer and self-starter to wondering about leasing a space for themselves, only to be rebuffed by the extra expenditure it would mean taking on.

Nowadays, however, renting an office does not have to mean signing a long-term lease on a complete self-contained unit at a cost of several hundred pounds a month. It can, quite literally, mean renting a desk for yourself in a fully furnished, fully serviced office – a place where you can get on and give your full attention to work for eight hours a day.

A business home away from home

So called coworking spaces have rapidly grown in popularity to bridge the divide between office and home working. As traditional labour patterns continue to erode, more and more people are choosing the path of self-employment or launching a start-up enterprise. These microbusinesses might not be big enough (yet) to lease out their own full office premises, but there is still a demand for a dedicated, fully equipped work space to meet their needs.

Coworking spaces are affordable and often available on short-term deals, giving clients flexibility if their plans change or they need to scale back costs at short notice. You might even sign up for a space for just a couple of days a week, choosing a blend of home and office-based working. Some coworking spaces are available on an ad hoc basis as and when the need arises.

One of the big advantages of a coworking space over home working is you don’t have to worry about things like the reliability of your broadband connection, network security, having a dedicated business telephone line and so on. All the infrastructure you would expect is included as part of the subscription fee – all you have to do is take a laptop.

Hiring a space in a serviced office also allows you to place your business on a more professional setting with clients. It gives you an office mailing address and an office telephone number – little things that give your operation the air of a ‘proper’ company. You also get the benefit of additional facilities like on-site meeting rooms should you need them. And one final benefit not to be overlooked is that a shared office space gives you something home workers often miss – daily face-to-face interaction with other people.

The Colony HQ provides fully serviced, fully equipped office spaces starting at single-desk suites for one person. With 24-hour access, ultra-fast broadband and additional facilities like on-site kitchens, we are committed to helping your business grow with flexible, modern office options to suit all needs. Contact us today to find out more.