Co-working has getting popular day by day and it will wrong to say that co-working is new to anyone here. The developed countries are utilizing the co-working spaces since a long time, India realised its importance only after 2016, and the co-working spaces will soon take over the traditional office spaces in the country.
This is because; the young entrepreneurs and freelancers find it difficult to set-up and invest in their own office. This is where the role of a co-working space is realised. The co-working spaces have proved to strike the demand and supply balance for office spaces.
Having said this, choosing the right co-working space is not easy. There are different types of co-working spaces that one needs to know before taking up one for oneself.
A café or a formal office space, something fancy or a serious workspace, it is ultimately your decision to create an environment opt for your business meetings. Stay tuned as we are here with the different types of co-working spaces existing in the business world today:
- Specialised, high-end co-working spaces
These co-working spaces are usually found in large cities. These are beautifully designed spaces with lush interiors. Businesspersons looking for extravagance while dealing with their clients choose these kinds of co-working spaces.
These spaces are poured with all the amenities such as Wi-Fi, coffee shops, gadgets and other digital equipment. These spaces are the most expensive co-working spaces.
- Conventional co-working spaces
The majority of the co-working spaces will fall into this category. These spaces can be of any size, type or location. The space is a balanced one, however it might not be as pleasing as the high-end spaces but all the basics to start a business is available at these spaces.
The space will be organised and maintained by a manager and on an average, the businesses with not more than strength of 10 join this co-working space.
- Minimal co-working space and Hot desks
These are the smallest kinds of co-working spaces present. At times, the owner of the property is also a co-worker who is willing to create a community atmosphere around his space and hence, he invites other entrepreneurs and freelancer like him to join the co-working space. Hot desking opportunities are also provided to individuals
The basics here are well put such as coffee, internet, Wi-Fi and so on. The ambience and the vibes of these co-working spaces would depend on the founder of the space. You can expect a quieter and a calm atmosphere here.
- Hotels
Do not freak out reading this but this space has been added to the list of co-working spaces in 2018 only. Recently, many big hotels have been found providing their business spaces to the entrepreneurs as co-working space. This is happening as a part of their marketing regimen where they can flaunt their excellent hospitality, thereby attracting many businesspersons to reach out to the hotel whenever they are in need of business suites and the co-working space of course.
- Restaurants/coffee shops
This type of co-working space is not new. In fact, the small restaurants and coffee shops are the place from where the idea of a co-working space might have taken birth. There are a number of coffee shops that keep a separate space for co-working.
- Co-working within a business house
This is quite trending too. Many business houses, which have a floor or a corner free, provide the same space to other entrepreneurs who can utilise it as a co-working space. Through this way, the business house can earn something from the empty space and the co-working companies can get the environment of working in a professional office setup.
The co-working spaces can still be categorised in a number of ways and as we progress with this further, we will have a new addition to the categories every year. The co-working industry is booming and this is time to jump and take advantage.