Coworking spaces, which involve a more communal setting than traditional office spaces, are on the rise in all the start-up hubs of the world. Nowhere is this trend more apparent than in Bangalore which is one of the three major cities with the most number of start-ups in India.
The Harvard Business Review recently published an article in its September issue claiming that people who have embraced the coworking culture reported levels of thriving that were at least a point higher (on a 7-point scale) than those working in regular offices. So why do coworking spaces seem to produce these levels of performance?
Firstly, people who choose coworking spaces tend to be passionate about their work. Not only are they fully invested in their own day to day projects but they also possess the mind-set of collaborating with and helping their fellow coworkers with specific tasks. Lack of internal politics and direct competition also help fuel this cooperative attitude.
Secondly, coworking spaces offer flexibility to people. Employees can plan their day around work effectively when they know that they have 24/7 access to their work place. On the flip side working on collaborative projects can also provide structure and discipline to the typical work day.
One of the biggest benefits coworking spaces provide is the opportunity to grow one’s professional network. Networking events, training programs and investor meet ups hosted by such coworking spaces provide budding start-ups with the perfect opportunity to cement useful connections.
At the end of the day, the three main factors that seem to give people the feeling of thriving in their workspace seem to be a well-designed work space, autonomy in terms of their work and a supportive work place community. It is not surprising then that the coworking trend is not only on the rise but is thriving in today’s business world.
As someone who has recently started working at Beginest, a coworking space located off 100 feet road Indiranagar, Bangalore, I get to witness first-hand how a coworking environment functions and promotes efficiency. It is run by entrepreneurs who understand the start-up runway and who are actively striving to foster an atmosphere that is both friendly and competitive for start-ups, small teams and freelancers.