5 Reasons Why Coworking Can Benefit Startups
Gone are the days when coworking was a niche concept, primarily associated with freelancers and shared desks. According to a 2017 Cushman & Wakefield report, demand for coworking spaces is now growing 10 to 15% per year across the Asia-Pacific region. This significant rise in popularity is partly fuelled by the growing number of startups that are joining coworking spaces. If you’re still uncertain about the benefits of coworking, here are 5 reasons why coworking spaces can help startups to succeed.
Startups often struggle with finding a work environment that gives them the flexibility to scale their team. If you are a startup founder looking to increase your headcount within the next few months, signing up for a two-year office lease is the last thing you want to do. This explains why an increasing number of startups are moving into coworking spaces.
By offering membership options that range from dedicated desks to private offices, coworking spaces can provide the flexibility that so many startups need, especially in the early stages of growth. For instance, a founder with only two or three employees might initially consider hotdesking, before switching to a small office as her team expands.
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