Millennials are undoubtedly associated with the co-work phenomena. The reality of designing workplaces for millennials can be harsh for a start-up – Google and Facebook amenities just aren’t a reality for start-up budgets. Seen as a trendy alternative to heading to a traditional office in the early hours of each morning, coworking is far more than a trend for setting cool companies and entrepreneurs apart. These spaces are for anyone who needs flexibility. In fact, most coworking spaces offer the work perks and design typical of many millennial-focused enterprises but are targeting a wide variety of age groups. Read on to see that co-working isn’t so obscure in its offerings and has many benefits for all generations, not just millennials.
Many remote workers don’t consider the motivation factor. A lot of drive is necessary to work independently. Sometimes it takes just being around others to keep ideas flowing, and in a generation where technology–oriented jobs are becoming more remote, creativity is still needed to design technological solutions for the world’s problems. Individuals are motivated by example, and seeing other entrepreneurs who would have otherwise been working 8 hours at home, getting out of the house and coworking can increase one’s desire to focus. After all, taking 3 out of 8 hours to do laundry and re-organize a snack shelf should only be a once-a-month occurrence.
2. Work–Life Balance
Most start-ups gestate in the home, no matter the age of the imagineer. A small garage, bedroom or back shed might even be a bit of luxury. However, friends meeting consistently at a small apartment to get ideas off the ground may begin to take over the kitchen table one too many times during the week. This can create friction in the home and disrupt what would otherwise be a family sanctuary. A small business owner needs to set boundaries between work and home. What better way than physically separating work and home? Coworking provides just the right balance for business owners seeking to interact with other employees or partners during the course of their day while also working on valuable projects, and heading home only when the work is finished.
4. Cutting Costs
There are many social benefits to coworking, but there are more tangible benefits of coworking. Coworking can save cash for startup entrepreneurs looking to get out of their traditional lease. Coworking spaces are more affordable than a private office and also create an atmosphere of flexibility and availability to other talented individuals. If someone doesn’t have the skill to take on your particular challenge, there is likely an individual right down the hall who does and will be willing to trade services or provide their service at a discounted rate. There is a motley set of talent in coworking spaces – writers, attorneys, programmers, graphic designers, web developers and analysts all flocking to one space. Use this unique opportunity to help your business and save money! We can say with certainty that it’s not just millennials who love to save money.
One of the more obvious benefits you don’t need to be a millennial to understand is the value of increasing a social network. In a coworking space, you are able to bolster a diverse social network and build a community. This means potential leads to new clients, investors and possibly new talent. Coworking is a popular space for freelancers that might just possess the skills needed by your start-up or company. Not necessarily needing to go through a traditional screening for new hires, these individuals can be vouched for in the community in terms of character. A major challenge in any startup is meeting new people in meaningful ways, no matter their eventual role. Co-working ensures you will be around other entrepreneurs everyday who are also looking to make meaningful work connections, and that is something every generation can appreciate.