Co-working space — a space to kickstart startups

An entrepreneurial journey begins with zeal for achievement. Even though a founder of a startup company is prepared for challenges, it can also mean spending time on your own. This is the tipping point for draining mental energy, which may even affect the business.  A co-working space has therefore, caught the fancy of the young minds.

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A co-working space or a co-rented space can best be defined as a co-joined workplace for an employer and his team. Various professionals from different backgrounds come together in a real-life cubicle to experience a co-working set-up. It is a temporary arrangement, available at different price points. However, it tactfully eliminates the requirement of a startup team to bear the cost of setting up or renting an office.

These make-shift set-ups are pre-equipped with essentials like printers, fax machines, internet etc. So, practically there are no amendments required at any extra cost.

Then, the young teams have the benefit of connecting with like-minded people. It goes without saying that there are many similar minds who seek a co-rented office space. In addition to simple economics, a new working concept like this also helps in connecting and networking with more people. It not only reduces mental fatigue, which you may experience working alone, but in turn, can help in building mental stamina. A work from home opputunity is also loathed with hints of boredom and isolation in work. So, it's a wise thought to connect and interact with people from different backgrounds.  

A co-working space can offer you more growth benefits. Networking with people who really matter is one. It is not just about discussions, but also a good time to build contacts and nurture relationships, for future benefits.  It may even shape up as a future investment channel for your business, or give you a co-partner who is keen to join you.

Besides, hiring the right people always requires a deliberated effort to connect with like-minded people. A co-working space is full of professionals and teams from different industries and backgrounds. There are different people from different walks of life, and if you are able to trade their skills for your professional gain then, you definitely have an advantage. You never know that you may discover a professional having a requisite skill which matches your business requirement. 

Again, the shared office space is available at a subsidised cost, depending on your short term and long requirements. Different cubicle space is available at various price points to offer convenience, and complete flexibility. For example, a one-day hire rate or a weekly price chart. However, there is no commitment, as long as you don't have to pay for it. 

There is no definition of a cubicle size either. One has a choice to choose the required space, according to the team size and other requirements in minds. When you scale up, you may still wish to continue by opting for a better size.

The unmatched energy in the startup world can only be further electrified by bring these dynamic minds under one roof. It may even have a domino-effect, generating many more young entrepreneurs who take the world by storm. However, at this time it is really the passion and the energy which we wish to make viral through the benefits of a co-working space.

 — Himanshu Bindal, founder, One Internet, an incubator cum accelerator, startup support community.