The basic principles of coworking go way back. Centuries ago artists and writers participated in collectives that likely looked a lot like what we now call coworking. For the uninitiated, coworking is a style of work that involves a shared working environment, yet independent activity. Unlike the typical office environment, a coworking space is generally shared by individuals from different organizations and professions.
A recent study estimates that by 2020, more than 40% of the American workforce, or 60 million people, will be independent workers. With this growing freelancer economy, a rise in dedicated coworking spaces makes sense. But what are the benefits and why should you consider renting a desk in a Detroit coworking space?
6 Reasons to Rent a Coworking Space in Detroit:
Save money and time
Coworking spaces provide everything you’d expect from an office except you don’t have to worry about ordering ink for the printer or coffee for the machine. By renting space at Grand Circus, for example, you have access to free wifi, conference rooms, snacks, coffee and cool people.
Speaking of cool people, coworking also saves you time by giving you instant access to a group of talented and passionate people. Coworking can introduce you to great collaboration opportunities. Because these spaces attract people from across all industries, it gives you immediate relationships with people that can complement the type of work you’re doing. Taking advantage of this opportunity to trade skills will save you loads of time.
Often, coworking spaces double as educational centers, offering workshops and bootcamps to the community. At Grand Circus, we have tech talent being trained in our space every day. So if you’re in need of a front-end or back-end developer, we’re the place to be. In fact, one of our coworking companies, Incipia, just hired a bootcamp graduate to help with a new app they’re developing.
Make connections and build a network
If you’re at all familiar with Detroit, you know that we’re a tight-knit community, particularly in the tech industry. Just like many startup communities, making the right connections can bolster your chances of success. In addition to providing a community of talent with which to trade skills, a coworking space offers opportunities to connect with potential partners, employees and investors—all key players when it comes to growing your business. Many coworking spaces host networking events that bring together people from both within the coworking community and the community at large. This is a great built-in opportunity for building your network.
Many founders and small business owners find coworking to be an ideal option as it offers a great amount of flexibility. Rather than renting an executive suite, coworking spaces offer entrepreneurs options when it comes to what type of space they need and want to pay for. Maybe you don’t need a dedicated workspace five days a week or after a few months, you no longer need one desk but three. Coworking spaces can accommodate this need for flexibility in ways traditional office spaces cannot. Grand Circus has options to fit your company’s growing and ever-changing needs including flexible desk options and 24/7 access to the space. Learn more about our desk options here.
Happier, more productive employees (or solopreneurs)
Employees are the lifeblood of any business, and every successful business owner knows that happy employees are more productive employees. Deskmag recently published some statistics about people who cowork and it’s good news if you’re looking to boost your team’s efficiency and overall well-being:
- 71% reported a boost in creativity
- 74% felt that they had increased their productivity since joining a coworking space
- 70% felt healthier than they did working in a traditional office environment
- 64% reported an improvement in completing tasks on time
- 80% say they grew their business network
- 38% reported higher incomes
These results are pretty telling: businesses that join a coworking community benefit from contented, and more productive, employees. Rest assured, these statistics aren’t just good news for business owners. Solopreneurs will also benefit from the creativity-boosting environment.
Consider this: Research shows that startups who work in a co-working space are four times more likely to succeed than those who don’t. Deskmag also reports that at least 42% of all coworkers report earning a higher income since joining a coworking space.
In addition to the camaraderie of and assistance from fellow coworkers, some spaces offer support above and beyond basic office needs. We happen to be one of those spaces. Free Great Lakes coffee and hip conference rooms are important, but we know entrepreneurs and freelancers deserve additional support so they can focus on growing their business. We strive to provide our coworkers with beneficial resources and services such as our partnership with Google, Microsoft and Amazon, our seminars & workshops, and our events that cater to a variety of topics.