In the last couple of years, the buzz around co-working spaces has increased a lot. There is a definite upside when it comes to cutting costs, and in the environment of startups having lean teams and just looking to find a place with bare minimum facilities, having a co-working space proves like a boon. Later on, as the team and the business grow, the startup could be moved to a bigger place and maybe exclusive office can be leased.
The first thing to consider as an entrepreneur looking for a co-working space obviously would be cost. However, there are other related things that you can think of before making your decision solely on the basis of budget.
How are the basic facilities like the furniture, coffee machine, rest rooms and the internet facility? If these things are checked, there is hardly anything else that you would consider.
Though commuting, availability of parking, nearness to public transportation services etc. are few other features that you would love to have.
Further, if you have a product and you are looking to launch it soon, it is also good to know what kind of team or companies are already in that space. More often than not, those co-workers could become your first customers or provide you with a lot of interesting feedback about your service or product. They are not directly related to you and therefore their observation about your service or product would be totally unbiased, which is pure gold when it comes to launching your product based on user reviews.
As mentioned earlier, co-working spaces are great for cost reduction but they could also help you in making your business streamlines. You just have to research a bit before you opt for any facility that may look interesting or inviting in its visual appeal.