Coworking for entrepreneurs

WHAT IS COWORKING?

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The coworking or co-working is a way of working that enables freelancers, entrepreneurs and SMEs from different sectors, sharing the same workspace (both physical and virtual) in order to develop their professional projects while fostering joint projects.

Coworking is a philosophy of work and life that allows professionals from different sectors to share the same workspace without losing their independence.

Of particular note, that the basis of coworking is community. There must be a manager to energise the community. This is the main difference with a HUB.

Coworking operation

Coworking is known as a space where professionals work in a shared environment. Coworking areas are governed by a set of rules that allow for a good working environment.

The rules that must be followed in most coworking spaces are:

  1. Coexistence and respect
  2. Common areas that allow coworkers to connect with each other
  3. The figure of the space manager as a nexus between coworkers
  4. Freedom of access
  5. Simple and targeted memberships or pricing modalities
  6. Initiatives and elements that bring dynamism and help to promote ideas
  7. Continuous evolution and speed in implementing improvements

Benefits of Coworking for your Startup

Among the benefits that your Startup can get in a coworking are:

  • Cost savings

A flexible, fixed post or even renting a small office space in a small office. coworkingis much cheaper than renting or buying a regular office. In addition, with the monthly fee you will have access to meeting rooms, you will have wifi, and possibly include copy services, reception, and priority access to events organised by the space itself.

  • The possibility of being at the centre

All big cities and small towns nowadays, more and more, have these spaces. Depending on what your objective is, you can choose one area or another. And if you want to be in the centre, this is the way to do it in an economical way.

  • Networking network

Possibility to network with people in your sector, with people who are in the same situation as you or even with mentors that you will have forever. After all, you will be working with all kinds of profiles, and if you do a little research on people you are interested in meeting before choosing a space, networking will be much easier.

  • Flexibility of schedules

Finding a coworking space that suits your needs is crucial. Not all coworking spaces are open 24 hours a day or at weekends, so if you spend most of your time working late in the day or prefer to concentrate on your tasks on Sunday mornings, look for a space that gives you the flexibility you need.

  • Inspiration

You need to get out, meet people, get to know other stories and be inspired by all of them. If what you need is motivation and enthusiasm, the decision to move to a new country can be a good one. coworking will give you the energy to keep on fighting for your dreams, thanks to seeing with your own eyes how the dreams of others are fulfilled.

  • Connections and compatibility

In addition to the networking you can do on your own, many coworking spaces also offer community services where they connect people with compatible projects so that synergies can emerge and help each other.

  • Brand image

Providing a space with a little more privacy for meetings is a very good business card.

  • Reconciliation

Working from home often blurs the boundaries between personal and professional life. By renting a workstation or office in a coworking space, you can set more strict schedules and more clearly delimit your leisure time.

  • Training

Most coworking spaces offer free or heavily discounted courses, mentoring or training for coworking members. coworking. It is a good way to enhance the areas of knowledge that you have less worked on and learn about many more fields that can help you improve as an entrepreneur.

  • Scalable growth

Luckily, you don't have to worry about making a big investment in an office in case the team starts to grow. The coworkings adapt to your needs for month-to-month growth and pay for fixed or flexible positions according to the needs of the company. startup.

The functioning of coworking is governed by a series of rules that allow a good working environment, such as coexistence and respect, common areas that allow connection between coworkers, the figure of the space manager as a link between coworkers, freedom of access, simple memberships or pricing modalities focused on the chosen profile, initiatives and elements that provide dynamism and help to promote ideas, and continuous evolution and speed when it comes to implementing improvements. Coworking offers numerous benefits for startups, including cost savings on office search, central location, networking, flexible hours, inspiration, connections and compatibility, branding, work-life balance, training and scalable growth.

In coworking, entrepreneurs can work together with profiles of all kinds, which gives them the opportunity to interact with people in their sector, with people who are in the same situation as them or even with mentors that they will have forever. In addition, will be able to find a space that suits their needs and schedules, allowing them to establish clear boundaries between their personal and professional lives. In short, coworking is a philosophy of work and life that allows professionals from different sectors to share the same workspace without losing their independence. It is an excellent option for startups that want to save on office search costs, establish a networking network, get inspired, receive training and grow in a scalable way.

When selecting a coworking facility, an entrepreneur should consider the following aspects:

  1. Location: the entrepreneur should look for a coworking that is located in an accessible area and that suits his or her geographical needs. Depending on the business you have, it may be important that the coworking space is close to your home or to your clients.
  2. Type of space: the entrepreneur should look for a coworking that offers a space that suits his or her needs. If you need a quiet space to work in or a meeting room to receive clients, you should make sure that the coworking facility has these options.
  3. Community: the entrepreneur should look for a coworking space that has an active and vibrant community. This means that the space should be full of other entrepreneurs and professionals who are willing to connect and collaborate on joint projects.
  4. Services: the entrepreneur should look for a coworking space that offers the services he/she needs. Some spaces may offer additional services, such as printing and scanning, reception and mail service, and internet connection.
  5. Flexibility: the entrepreneur should look for a coworking space that offers flexibility in terms of contracts and pricing. Many spaces offer different types of memberships, from fixed workstations to flexible workstations that can be booked on an as-needed basis.
  6. Cost: the entrepreneur should look for a coworking space that has a cost that suits his or her budget. It is important to take into account additional costs, such as the costs of using the services, and to ensure that the space offers good value for money.
  7. Opinions of other users: It is important for the entrepreneur to seek feedback from other users about the coworking facility he/she is considering. This can provide an idea of what the community, services and facilities are like.

In summary, when selecting a coworking space, an entrepreneur should consider the location, type of space, community, services, flexibility, cost and feedback from other users. This will allow you to find a space that suits your needs and provides a solid foundation for your business.

To negotiate fees when hiring a coworking space, an entrepreneur can follow the following steps:

  1. Research the prices and offers of different coworking spaces that suit your needs and budget.
  2. Talk to the representatives of the coworking spaces you are most interested in and explain your situation and needs, as well as your budget. Ask if there are any discounts or promotions available and if it is possible to customise your package.
  3. Make a list of the features and services you need in a coworking space and present your requirements to the representatives of the coworking spaces you are considering. Discuss what services are included in the price and whether there are additional costs for additional services.
  4. If the coworking space is not willing to lower the price, ask if there is some kind of payment plan or financing available so that you can pay the fee in smaller instalments.
  5. Before making a final decision, compare the prices and services of the different coworking spaces you have researched and negotiate the final terms and conditions of the contract.
  6. If you are still not satisfied with the prices, you can propose a trial contract to demonstrate that you can meet the standards and requirements of the coworking space and thus obtain a long-term discount or benefit.

In a nutshell, To negotiate coworking space rates, it is important to research the prices and offers of different spaces, talk to representatives and discuss the entrepreneur's requirements and needs, compare prices and services and propose payment plans or trial contracts if necessary.

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  1. How are you going to settle in the Canary Islands?
  2. What benefits will you get for your company by setting up in a business or coworking centre?

CASE STUDY OF AN ENTREPRENEUR LOOKING FOR A COWORKING FACILITY

Juan is an entrepreneur who is starting his own business and wants to find a coworking space that suits his needs. He has done some research on the internet and has found several coworking spaces in his city. After reviewing the different coworking spaces, he has narrowed down his list to three spaces that fit his geographic and budgetary needs. All spaces offer similar features, such as shared work areas, internet access and meeting rooms.

Juan starts calling representatives of coworking spaces to get more information. He explains his situation and needs, as well as his budget. He asks if there are any discounts or promotions available and if it is possible to customise his package. Juan makes a list of the features and services he needs in a coworking space and presents his requirements to the representatives of the coworking spaces he is considering. He discusses what services are included in the price and whether there are additional costs for additional services.

After talking to the representatives, Juan compares the prices and services of the different coworking spaces he has researched and negotiates the final terms and conditions of the contract. Finally, Juan chooses the coworking space that best suits his needs and budget, making sure that it meets the requirements of coexistence, respect and services he needs for his startup.

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Picture of Jaime Cavero

Jaime Cavero

Presidente de la Aceleradora mentorDay. Inversor en startups e impulsor de nuevas empresas a través de Dyrecto, DreaperB1 y mentorDay.
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¡Hola! Soy tu buscador de subvenciones y ayudas por IA. Indícame en qué región vas a realizar tus inversiones, el tamaño de tu empresa (Pyme o Gran empresa), el sector/actividad y cuál es tu propósito y trataré de mostrarte líneas e ideas que pueden ayudarte a poner tu proyecto en marcha.

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