7 Undeniable Benefits for Start-ups when joining a Co-Working Space

There's no denying that we are creatures of our environments, meaning that where we decide to work can have a greater impact on our outputs than we recognise. Start-ups have many different aspects that they need to think about: scaling, employees, network, and funds.

{{divider}}

To save on overheads, early-stage enterprises often choose to work from home, or from high-street coffee shops. However there are many economic benefits of co-working, for start-ups of all sizes. We explore the top 7 undeniable benefits for startups when joining a co-working space.

{{divider}}

1. Igniting Inspiration

{{divider}}

Passion and inspiration is where it all begins. Start-ups are innovative by nature, and rely on creative fuel to sustain their life-blood, particularly in the early years. It's therefore vital that they're incubated in an environment that doesn't stifle the flames. Traditional office spaces leave little to the imagination. Returning to the same cubicle every day is hardly reward enough for the commute.

{{divider}}

On the other hand, working from home can be isolating and without discipline, may encourage unhealthy routines. The compromise of café hopping offers novelty and choice, but often lacks the necessary facilities and equipment, particularly for tasks requiring greater attention and focus.

{{divider}}

A co-working space presents the perfect solution. Marrying the best of the office, with the autonomy of working close to home, and the vibrant atmosphere of a creative's café. Co-working spaces house some of the most exciting and inventive companies and employees alike. Meaning you'll never be short of enthusiasm, inspiration and energy when showing up to create.

{{divider}}

2. Flexible Forces

{{divider}}

The world of work has become a lot more autonomous, remote and flexible; And co-working spaces have evolved to adapt. Start-ups are increasingly relying on a remote and distributed workforce. And with the advent of COVID instigating a mass exodus from many of the major cities, co-working spaces are reviving local communities and commuter belts.

{{divider}}

The benefits of a local co-working space include saving on the rush hour commute, while allowing a more distinct separation between work and home life. While many co-working spaces have a decidedly homely feel, even allowing pets and partners, they maintain their professionalism with a focus on productive work and space.

{{divider}}

Co-working spaces over a variety of flexible memberships to suit every need. Whether you plan to stay put or travel around, they often facilitate access to multiple sites locally, nationally or internationally. X+Why have already expanded to cover a variety of different cities up and down the UK. Meaning that wherever you go, you'll always find the perfect place to work.

{{divider}}

3. Technological Talent

{{divider}}

Co-working spaces are central hubs for creatives from all walks of life, and a variety of industries. One of the main benefits of co-working for startups includes direct access to a diverse network of talent. Whether you're looking for your next engineer, marketer, programmer or founder, integrating into a likeminded community is vital to discovery.

{{divider}}

Co-working spaces play to their strengths. They often facilitate networking through a variety of events including members breakfasts and talks. Co-working spaces also serve as the perfect platform for start-ups to host their own events, while showcasing their services.

{{divider}}

Being part of a co-working community not only improves the hiring process, it can also help you current employees up-skill.  The advent of automation means that an integrative approach to work is becoming increasingly important. In a co-working space, cross-collaboration and industry workshops are frequently the order of the day.

{{divider}}

4. Creative Community

{{divider}}

Collaboration is the cornerstone of growth and expansion. It's also what co-working spaces do best. Whether it's a water cooler conversation, kitchen catch-up or events-based entourage, the chance for spontaneous and planned co-operation is tantamount.

{{divider}}

In the virtual space, co-working spaces house member profiles and opportunities via a private intranet. Membership managers also specialise in getting to know the faces behind the spaces, and are always on hand when it comes to finding the best way to connect.

{{divider}}

Becoming part of an active community has numerous benefits - from boosting employee health, to resource pooling and skill-sharing. This enables individuals and businesses to thrive, not just survive. The creative, collaborative community offered by a co-working space, is undeniably linked to sustainability and longevity in business.

{{divider}}

5. Workplace Wellbeing

{{divider}}

In order for co-working spaces to survive, they rely on delivering customer-excellence. This means that they are designed with employee wellbeing in mind from start to finish. When employees feel better, they work better, producing better results for your bottom line.

{{divider}}

Co-working spaces such as X+Why pay attention to the details. This means ensuring that spaces are filled with natural light, provide access to green spaces and fitness facilities, or dedicated quiet areas for a more focused refuge. You may also find extras such as nap mods, meditation cushions and ergonomic workspace layouts.

{{divider}}

Workplace wellbeing caters to both personal and professional aspects of employees' lives. Previous classes hosted at X+Why have included terrarium workshops, yoga, special interest seminars and after-work drinks events. Having something to look forward to at the end of a long day is a great way to unwind.

{{divider}}

6. Optimising Overheads

{{divider}}

Co-working spaces make economic sense, ensuring you get more for less. They're perfectly suited to start-ups who may not be able to afford private office space, with traditionally long leases. Flexible workspace arrangements mean you only pay for what you use, allowing your office to expand and contract as you do.

{{divider}}

As well as being heavy in bureaucracy, traditional office spaces require expensive long-term furnishing. A benefit of co-working spaces is that they come with everything your start-up needs. From fully furnished office spaces, to an in-house concierge, and the latest in workplace technology.

{{divider}}

Start-ups will also find a variety of different membership options, for every stage of growth. Whether you require low-commitment, low-fee hot-desking services, or prefer a dedicated team space, you'll be able to find something to suit. Co-working spaces are also available in a variety of locations, meaning your team can easily stay connected, whilst being remote.

{{divider}}

7. Greater Growth

{{divider}}

All of the above points ultimately contribute to the triple bottom line of start-up growth; Gone are the days of prioritising shareholder profit and pursuing growth for the sake of growth. The new era of Capitalism places people and planet securely alongside financial returns.

{{divider}}

Boosting employee health through increased autonomy and flexibility with work, access to an integrated and creative community, and facilities designed with wellbeing in mind, has a direct impact on start-up outputs. This ensures your workforce stay committed and engaged - especially crucial when getting a new venture off the ground.

{{divider}}

Co-working spaces and the sharing economy are also better for the planet. By pooling resources and ensuring that less space goes to waste, start-ups can be both more economical and sustainable. Co-working spaces such as X+Why are also BREEM certified - the gold-standard in workplace sustainability performance.

{{divider}}

Building a start-up can be an exciting and unstable process. Signing up to the benefits of a co-working space ensures that you and your team get the best start. With flexibility comes stability, and the impacts are undeniable. Book in for a free call or tour today.

{{divider}}

‍