What is Coworking? All about coworking space concept – All News Buzz


Coworking is a professional service provision model that involves individuals working independently or collaboratively in a shared office space. A typical user of a cooperative facility is a self-employed, telecommuter or freelance worker.

Facility at Coworking

Every coworking space always has wifi, a printer, usually some kind of conference room…and some have tea, coffee and snacks available. Some will have startup resources ranging from digital assets to coaches and mentors.

6 Benefits of Coworking Spaces for Your Business

More networking opportunities. One of the biggest benefits of a coworking space is the opportunity to connect with other individuals. …

  • Increased productivity
  • Encourage creativity
  • Collaboration opportunities
  • Cost efficiency
  • Greater flexibility

Types of co-working spaces

  • Traditional collaboration space
  • Exclusive co-working spaces
  • Fancy coworking space
  • Corporate co-working space
  • Open collaboration spaces
  • Buying the place of co-workers
  • Co-working space with incubator/accelerator
  • Cafes/hotels/informal collaboration spaces

Advantages of co-working spaces

  • Flexibility and cost savings
  • Networking opportunities
  • Isolation in counter work increases productivity and efficiency
  • Wellness and work-life balance
  • Bring structure to your day

Support for small businesses/SMEs

Small businesses/SMEs can close their business early. They can foster new connections in the area and at the same time enjoy a social, creative environment.

The opportunities are endless as the membership plan itself benefits from a cost-effective ecosystem with advanced technology.

Freelancers are individuals who are self-employed and do not necessarily have a long-term commitment to a particular employer.

They can enjoy benefits like high-speed internet access, coffee and tea, comfortable air-conditioned environment and most importantly, a community of like-minded professionals motivated by the same passion.

There is a growing trend in large corporations to leverage coworking spaces. Some tech giants, such as IBM, Microsoft and Verizon, are testing the use of co-working spaces for employees to interact more closely and easily with innovative startups.

A corporate, shared office space with employees spread across the globe may be to your right, an enthusiastic start-up founder brainstorming with his team on the best way to get their platform live in the cloud and to the left a conference room. , a large corporation lands a million dollar contract.

Famous companies started in coworking space

• Instagram

There is no greater example of the true power of collaboration than Instagram. Photo-sharing platform Facebook bought it for $1 billion because of the flexibility collaboration offered. The story of Instagram goes like this – Mike Krieger and Kevin Systrom started a social network called Bourbon.


Uber started as an idea to solve San Francisco’s terrible taxi problem but now has a worldwide presence. Uber’s thinking began to evolve into a place of collaboration, and with the help of a strong business community, they were finally able to solve this problem. .

• Spotify

Another amazing startup started in the co-working space called Rocket Space. With Swedish origins, it is an audio streaming platform. It provides podcasts and DRM-protected music from numerous record labels and media companies.

• Amazingly

Initially, it was a small startup launched in 2011 with the aim of filling a gap in the larger market for travelers. Regardless of location, travel should be feasible for all. The startup again found its roots in the co-op sector and became a huge hit within no time.

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