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It is often said that when you love what you do, the condition you work in does not matter. In reality, the right environment for your work is as important as getting paid on time. Three in five people you know would say working from home is preferable to commuting every day. However, they do not realize that home will always have a set of distractions to lower productivity levels. This is where the idea of a co-working space comes in.
Co-working spaces provide you with a comfortable, calm environment along with a work ambiance that will help you get your job done faster. By decreasing the distractions of working from home, a coworking atmosphere helps you to be the most productive version of yourself. Although the concept of co-working is widely popular in the West, it is relatively a fresh concept in our subcontinent. This unique service is gradually gaining more importance, more so in the new normal.
According to an allwork report in March 2021, despite the covid-19 pandemic, demand for coworking is rising all over the world and the accumulated value of the industry size is now $26 billion.
With more and more startups being initiated in countries like Bangladesh, India, and Sri Lanka, the demand for co-working space is increasing to avoid the skyrocketing fixed cost of renting office or commercial space at the earlier stage of business. The idea of co-working space is becoming the most preferred option for many startups and individuals. The notion, that work is only done in offices with personal desks and assistants, has refrained many people from stepping forward to accomplish their dream of being entrepreneurs. Bringing in the idea of a collaborative and shared workplace is creating a revolution in changing this mindset.
The idea of co-working space is not only about reducing expenses but also letting people work in a professional environment. It also reduces the loneliness that comes with working alone. Working alongside an entire community of productive individuals from diverse backgrounds encourages you to be better. Also, it provides you with exposure to greater professional relationships. In today’s time the more you network, the more exposure you receive. So for any enterprise, being in a place with people coming from diverse backgrounds is nothing but an enormous opportunity. You never know who can provide help to take your business forward. Working together also creates a sense of community. Apart from effective networking, a co-working space also facilitates services like mailbox service, dedicated suites can help any entrepreneur to optimize their expenses.
In the context of Bangladesh, co-working is now more crucial than ever. On April 23, 2021, Tracxn reported 1317 startups in Bangladesh. Even a decade ago it was incomprehensible to see an economic boom as such in the market. This means enormous demand for commercial space. In a populous country such as ours, coworking space can be an effective solution to this shortage of appropriate space. Also, renting commercial space at the very beginning of a business is not economically feasible for any startup. Moar as a co-working space not only provides a space to work but also a solution that facilitates logistics support, technical support, in creating ease of doing business for entrepreneurs. The concept of coworking might be a global phenomenon but the timing for Bangladesh to embrace this solution would be NOW.
Coworking brings you out of the bubble of having a conventional cubicle workplace. It introduced businesses and individuals to the idea of building a better business without worrying about setting up a physical workstation. Companies have to spend zero hours thinking about arranging their desks or space optimization the moment they are signing up for a co-working space. This helps them to invest the saved time into their work and people. It also enables people with the flexibility to work at their own pace. This is something every working individual today is looking for. The demand for coworking spaces today is not overstated at all, rather the most timely solution to one of your major commercial needs.