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Emergence and Importance of Co-working Space

Today everyone is talking about co-working space in India but did you know that the first co-working space was started by a software engineer named Brad Neuberg back in 2005. He started a collective workspace in San Francisco. After that India witnessed its first co-working space in the year 2012 91Springboard started its operations. Although it did not meet the demands of companies in the same way as spaces do now, it was the beginning in India. In today's falling real estate market, co-working is the fastest emerging sector. This demonstrates that it is in high demand. Since 2018, the practice has spread throughout India's urban centres. Initially, Delhi, Mumbai, Bangalore, and Hyderabad were touted as possible co-working hubs. Now co-working spaces are stretching their legs in tier 1 and tier 2 cities of India as well.  

The co-working space plays a very important role in today's time as small firms, freelancers, and other professionals can use co-working spaces to work, network, and participate with the local business community. Co-working spaces can be a common venue where people with different business ideas can join together and learn from one another, from meeting other business professionals to collaborating on separate initiatives. Joining a co-working space means chasing a new opportunity and becoming a member of a professional business community.

So let's take a closer look at all the benefits of working at a co-working space one by one. 

Networking

One of the most important advantages of a co-working space is the possibility to meet new people. If you work from home or in an independent office, you may be starving yourself of vital contacts that can help you grow your business. The fire that proximity to other successful business owners can offer to a small business is perhaps the only thing it lacks.

Batter productivity

Due to the recent pandemic the whole new concept of work from home emerged, but when we are working from home we get distracted easily as sometimes kids demand our attention, or the house must be cleaned or maintained, and unique projects can arise at any time. That's where a co-working space can help you be more productive by moving to a different location.  

Sharpen your creativity 

Co-working spaces can give bursts of inspiration by allowing you to collaborate with others and expose yourself to different viewpoints. Changing workspaces and going to a new office can help you renew your thoughts and think of new solutions to professional difficulties. 

Saves your money 

If you're renting an office, there are a variety of additional expenditures to consider, especially if your staff want benefits like free coffee and snacks. These and other benefits are included in the monthly cost of co-working spaces. They also have a number of built-in business services, such as business mail, that can help you save money in the long run.

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