Introduction

Coworking is a new trend in business. It's a way for companies and freelancers to work together in an office setting. Coworking spaces are also known as collaborative workspaces, incubators, shared offices, flex-spaces, collective working environments and hot desks. They all describe the same concept: A place where SME’s can rent space on a short-term basis or on a long-term basis with other businesses that offer similar services or products.

Coworking Spaces are a New Trend in the Business World

Coworking spaces have been around for a while, but they are becoming more popular as an alternative to working from home. They're also more affordable than renting an office.

A coworking space is a shared office environment that provides individuals with the opportunity to work alongside other professionals in a community-like atmosphere. Coworkers share amenities like printing, receptionist services and meeting rooms; members also have the option to have their own private office.

The Innovation Factory is a great example of this, having access to everything you require and it’s all-inclusive in the price.

Reasons Why Coworking is Beneficial

The flexibility to work from home or from a coffee shop can be very helpful for people who need to manage a busy schedule but still want the benefits of working in an office environment. Coworking spaces also foster collaboration and networking opportunities, which can help you build your network as well as find new clients or partners for your business.

Coworking spaces such as The Innovation Factory offer coaching, community and other resources that can help you grow as a professional.

The Different Types of Coworking Spaces

Coworking spaces are a hot topic in the business world, and they're becoming more popular as time goes by. Coworking spaces can be found all over the world, but they have become especially popular in major cities like New York City and San Francisco, where there is an abundance of innovation-minded individuals looking for ways to collaborate with one another on projects or ideas. We have seen Adelaide have an uptake in coworking spaces and we see more places pop up more than ever – like The Innovation Factory two years ago.

The concept behind coworking is simple: it's a shared office space where people from different professions come together to work on their own projects while sharing resources like printers/copiers along with internet access and conference rooms when needed. Coworking spaces offer flexibility for those who don't want full-time jobs but also want something more structured than working from home alone all day long!

Choose The Right Space for Your Needs

Choosing the right coworking space is crucial to your business' success. Here are some things to consider:

● Fit. Does the space fit your needs? Do they have rooms that are big enough for meetings and small enough for one-on-one meetings? Is there ample room for storage, or do you need a separate storage unit? Are there enough outlets for all of your devices and equipment?
● Amenities. What amenities does this coworking space offer, such as printers/copiers/scanners, Wi-Fi access points (WAPs), phone booths? Fridge with refreshments (sparkling water, soft drinks, etc), all-inclusive pricing model?
○ If these services aren't available at first glance but you think they could be helpful down the line (for example: having access to a WAP), make sure they're part of their package before signing up!
● Community spirit: This may seem like an odd thing to consider when looking into joining a shared workspace but it's important nonetheless. You'll want somewhere where people feel comfortable working together because their interests align rather than being forced into awkward situations where everyone else seems more engaged than them (or vice versa)
Conclusion

Coworking spaces are a great option for anyone looking to grow their business. They offer a lot of benefits, but it's important that you do your research before choosing one. You want to make sure that the space will be a good fit for your needs and budget so that you can start working from there as soon as possible! If you are in Adelaide, check out The Innovation Factory, an innovative and forward-thinking coworking space, that is here to help you grow your business!
Visit The Innovation Factory (https://theinnovationfactory.com.au/) and book a tour today!