Startups and Entrepreneurs: Choosing The Best Office Space For Your Business
May 16, 2018

Pros & Cons of Traditional Offices, Coffee Shops, Coworking Spaces, & Home Offices

Every workplace has its perks and disadvantages. From free coffee and flexible hours, to bad lighting and loads of distractions; entrepreneurs need to weigh the benefits and the weaknesses of where their new business could potentially call home.

Should you rent office space, or work from home? Maybe try hopping around between coffee shops and libraries? Perhaps coworking is an option?

If you’re like most entrepreneurs, solopreneurs, busy professionals, and new business founders we know, your number one priority is getting stuff done, getting it done well, and getting it done as fast as possible. So, when you are choosing your new workspace, the ability to “get stuff done” should factor into your decision making. Where can you be the most productive? What do you need to be productive in a work space?

If you’re like most entrepreneurs, solopreneurs, busy professionals and new business founders we know, your number one priority is getting stuff done, getting it done well, and getting it done as fast as possible.

We know we might be biased, being a coworking space ourselves (shameless plug – click here for more info on our coworking spaces in Ottawa and Kanata), so we found some independent research and stats to help you decide for yourself.

Pssst… did we miss an awesome stat or article on how workplaces and environments can impact employee productivity? Tweet it to us so we can keep our article updated!

OK, we know that was a LOT to take in, so we made a handy infographic comparison chart to help break it down for you!

Pros and Cons: Offices, Coffee Shops, Coworking Spaces & Working from Home

 

Hey, we said we might be biased, but we also think the data speaks for itself.

The Case for Coworking Spaces

In general, coworking spaces provide much more value to members than any traditional office space, coffee shop, or home office. The best ones also embed you in an inspiring, driven, connected, like-minded community and gives you access to mentors, resources, and start-up support. Coworking spaces are infamous for causing life and business-changing collisions – but you can’t be in the right place at the right time if the right people aren’t also there. So, if you have your regular work space located in a place that attracts the movers and shakers in the entrepreneur ecosystem, you already have an advantage just by showing up to work.

You can’t be in the right place at the right time if the right people aren’t also there.

It’s been forecasted that the number of global coworking spaces will grow to just over 30,000 by 2022 and membership (people choosing coworking spaces as their preferred place to grow and operate their business), will grow even faster than the number of spaces, reaching 5.1 million people by 2022. So, coworking is not new and it is definitely not going away. It should absolutely be something entrepreneurs, solopreneurs, professionals and start-ups should consider when hunting for a place their business can call home.

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