While just about any industry can do well in a coworking environment, certain industries thrive in these spaces.
Coworking has become increasingly popular as people move out of traditional office spaces and enjoy a better work-life balance. While working from home has its benefits, many people have discovered they’re more focused and productive when they have a dedicated working space that suits their needs.
4 Industries That Can Benefit from Coworking Spaces
While just about any industry can do well in a coworking environment, certain industries thrive in these spaces.
For example, self-employed individuals can benefit from coworking spaces, as they allow these workers to rent space when they need it rather than paying full-time rent for an entire office or building. According to the Bureau of Labor Statistics, there were 10.3 million self-employed workers in 2004. In 2017, the number was 57.3 million.
If you’re one of the growing numbers of self-employed workers transitioning from traditional office spaces, coworking might be the solution you’re looking for. Here are four industries particularly well-suited to coworking.
Tech Professionals
According to one survey conducted in 2017, tech professionals made up 22 percent of all coworking professionals. Whether you’re a freelancer, independent contractor, or consultant, a coworking space can give you access to the resources you need to meet with clients and conduct other tasks.
For example, software developers often contract with clients for projects that can vary in length. They might not be able to focus at home, where distractions abound. With a coworking space, they can set up a desk with computers and anything else they need to get the job done. Because there is such a high prevalence of tech workers in coworking spaces, there are also opportunities for collaboration and networking you won’t get in a home office.
Writers and Editors
Writing is typically a solitary endeavor, and many writers and editors say they need a quiet space to work. They also tend to want access to Wi-Fi for researcher purposes. Also, access to a good coffeemaker doesn’t hurt.
Coworking spaces give writers and editors access to all of these things while providing them with a quiet space where they can focus and avoid all the distractions that come with working from home. Coworking can also help writers and editors get on a more structured schedule, which can help them achieve their productivity goals.
Creative Professionals
Creatives come in all shapes and sizes, including graphic designers, web designers, illustrators, and professionals in other visual arts. Creative work usually requires a great deal of focus, which can be tough to get when you’re at home and surrounded by distractions and opportunities for procrastination.
Many creatives also enjoy collaborating with colleagues and other like-minded individuals, which they can do when they work in a coworking environment.
Entrepreneurs
Starting a new business can be an expensive endeavor. For most startups, money is tight and can stay that way for several years as the new business gets off the ground.
Most entrepreneurs have limited resources, which means they generally don’t have money to throw away on costly overhead items like a big office building or an office suite. Furthermore, many of today’s business owners are finding out they don’t need to spend money on a full-time office.
With coworking, entrepreneurs get access to a professional-looking office space equipped with everything they need to meet with clients and investors. This type of financial savings can help a new business thrive and scale faster.
Things to Consider Before Switching to Coworking
If you’re debating making the switch to coworking, you should consider a few important points.
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Do you want a more structured schedule? – If you want a more structured schedule, coworking may be a good choice. Many freelancers and self-employed individuals struggle with sticking to a set schedule. When you have an office space, this can motivate you to set regular work hours.
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Do you need collaboration? – In many cases, even people who describe themselves as strong introverts crave interaction with peers and others in their industry. Working from home is convenient, but it can also lead to feelings of isolation that can eventually turn into burnout. With coworking, people who thrive working on their own can seek out collaboration and networking opportunities when they want them.
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Will coworking save you money? – Before making any big change in the way you work, it’s a good idea to run the numbers. Will you save by switching to coworking? Even if you work from home currently, coworking may save you money in the long run by increasing your productivity.
You can figure out how much money you’ll save by keeping track of how many hours you work per day when you work at home. If you find yourself logging fewer hours because you spend a lot of time checking social media or tending to household chores, coworking may be a way to boost your productivity and your earnings.
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