A coworking space is the product of new working environments and modern technology. If you’re interested in starting one, here are the essentials you should consider.
According to a study in 2017, an estimated number of 542,000 people in the U.S. alone were working in coworking spaces. That number is expected to increase as the years go by, with an estimated 1.1 million people working in coworking spaces in 2022.
Do you see the business potential? We do, too.
With the rising popularity of coworking spaces all across the globe, it’s not a surprise that many entrepreneurs want to know how to start a coworking space ASAP. However, if you want to have an edge against others with the same business idea, you ought to know the essentials–and the extras–of a spectacular coworking space:
1. Strong Internet connection
A coworking space is nothing without WiFi. So if you’re starting a coworking space, make sure you get reliable Internet that can handle dozens (if not hundreds) of connections at once. See to it that the connection is secure in most of the parts in the building, as well, and not just in the main areas.
2. Furniture and equipment
To turn first-time customers into patrons, invest in high-quality furniture and equipment. As much as possible, get ergonomic furniture that won’t put a strain on customers’ bodies after a long day of work. On the other hand, make sure that you provide essential office equipment such as printers, photocopiers, landline phones, fax machines, and other gadgets.
3. Great atmosphere
The success of a coworking space also relies heavily on the atmosphere. To provide a great atmosphere for your customers, pay attention to the appearance and comfortability of the place. Keep the space clean, uncluttered, and comfortable. Try your best to steer clear from the traditional office design, too, and lean more toward a more homey vibe.
4. Conference rooms
Have at least two or three conference rooms to allow employees and clients to hold meetings in your coworking space with little to no disturbances from the outside.
5. Kitchenette or lounge
A coworking space should have a kitchenette or lounge to allow workers to rest and refresh themselves in between work hours. You can offer free snacks and drinks but also have premium options (e.g. more expensive coffee, full-sized meals) for sale.
The nice extras
1. Special amenities
These amenities are not necessarily must-haves for a coworking space, but it can increase the number of your clientele if you have them:
- Video conference rooms
- Landline phones with conference call options
- Desktop computers for those without laptops
- Fitness room
- Outdoor space
- Quiet room or sleeping space
2. Activities and events
Just because people in coworking spaces don’t work in the same company doesn’t mean they can’t bond. To create and nurture a healthy work environment in your coworking space, hold special events like team-building activities, office parties, and special classes that everyone can enjoy.
If you want to offer something extra, consider concierge services like travel arrangements, errand services, and transportation.
Coworking spaces are expected to rise in popularity from here on out, with more and more companies wanting to slash overhead costs in their own office. If you think this is a good business venture for you, keep these features on your list when making your business plan.