Home Office VS Coworking | Where Should You Work?
Working from home – why it is so crucial now
In less than a year, the coronavirus pandemic has upended the daily lives of people all around the globe. For many business owners, the economic impact has led to the categorization of the so-called “essential” workers. At the same time, a large number of employees moved to remote work to eliminate social contacts and, in such a way, to suspend the spread of the virus. Many people also lost jobs. Today’s forced remote working culture has become an adjustment for many employees, even though not in all cases, the shift to home offices was desirable.
It’s true to say that a full-time remote job brings some advantages to entrepreneurs and workers. For example, people can spend more time on performing tasks, rather than on commuting to the office. Less time spent in cars provokes less pollution. Remote work is a chance for people to reclaim flexibility, dedicate more time to their closest ones, and obtain a better work-life balance.
The current situation with a pandemic is really unprecedented, and, actually, its impact has only reinforced a lot of changes that have already been observed in people’s daily lives.
For instance, much has changed in the sphere of trade, and e-commerce has become even a bigger thing than it used to be. Delivery chains have expanded, as to serve people working from home is now one of the crucial aspects of this branch. Home offices have become effective tools to ensure business continuity in the time of quarantine.
Yet, along with positive perspectives, the “work from home” style also has disadvantages, so let’s have a closer look at them.
Home office as the path to a professional burnout
Working from home is often a go-to option chosen by the solopreneurs, freelancers, and startuppers. Yet, although the two most significant advantages of working from home are the possibility of saving money and being flexible, there are also some downsides that this working culture brings along.
Many entrepreneurs get sidetracked by housework, kids, their pets, or a multitude of other distractions in a home office. While you may be thinking that you could always close the door to your home office, it’s a lot easier said than done. Lots of people begin mornings with the intent to work but then find themselves doing something else and wasting time upon non-business related things and affairs. The worst part here is that it is complicated to mentally switch off after work. Surroundings do play a significant role in this process. The bedroom or the living room have their appliances, and, if people use these spaces as their home offices, they often find themselves doing job overtime, as there is no differentiation or separation between work and home.
On top of that, the home office doesn’t offer spaces to meet clients, partners, or customers. In a modern pace of life, it is essential to preserve a professional image so that your business can compete with the others on the market. Having no professional meeting space, it is not that easy to present this image. Add social isolation, potential problems with tech supply, or lack of essential facilities – and you will get a direct way towards the professional burnout of such a working style.
Coworking and its unrivalled perks
Being an entrepreneur is an exciting venture for lots of people. There are many aspirations entrepreneurs have in their daily lives, with bringing new ideas, developing projects, presenting products, etc. being the most valuable. Yet, perhaps the biggest positive point in entrepreneurial activity is the flexibility in schedules and the possibility to work in the environment that people feel fits the best with their creativity and styles and makes them the most productive. As a freelancer or a bootstrapping entrepreneur, there are three popular options to choose from — home, cafes, or coworking spaces.
The coworking trend is growing year by year, and many solopreneurs and small startups are happy to finally have a space to call their own without paying for their own commercial space. Shared offices are hot and modern places for entrepreneurs to hustle. One of the most common things in these venues is the comfortable seating arrangements or hot desks that cater to clients on the “first come-first serve” basis. Coworking venues, however, very often boast fixed desks and private offices for rent.
Joining the coworking office brings lots of benefits. It is an ideal place for extroverts, those who run service-based businesses, startuppers looking for potential clients and colleagues, and companies that expand to this or that particular region. Shared office venues usually have community and networking events on-site that can change the entire career trajectory of their business residents. Typically, these spaces have faster WiFi, more comfortable chairs, and a range of amenities that offer a superb office infrastructure to each client.
Another positive to the coworking space is the flexibility that comes along with it. Usually, coworking spaces propose month-to-month leases, as opposed to traditional venues that require multi-year commitments. Although the coworking space is not free, tenants do save money by getting the necessary number of workstations and not renting out a whole building. Actually, cost-efficiency is one of the core benefits that draw renters to these flexible spaces.
Summing up or the final verdict
In this day and age, more and more entrepreneurs are facing the choice of which kind of office is the most suitable for them and their teams, in case there are any. And this choice is a very specific one as no work arrangement or workplace is 100% perfect. Yet, it is not surprising at all that coworking spaces have better working environments, which make focusing on work significantly easier when entrepreneurs are surrounded by the other ambitious and forward-thinking people.
If you have a business that requires organising regular meetings with clients – the coworking space rental could save yourself some hassle connected with it. Practically all shared offices give tenants professional conference rooms when they need it. Coffee, tea, and snacks can also be served to the business guests there.
Many coworking facilities don’t stick to the rule of the regular opening hours. On the contrary, they open doors to tenants 24/7, which is a great profit if night-shifts are your usual schedules.
In other words, coworking spaces are designed with clients in mind. And this new style of office space is making waves in France. It is also popular in various German cities in Austria, for example in the coworking of Vienna. The local government pays much attention to what startups need; foreign investors regularly look for business opportunities in the country. There is a strong tech community there with multiple coworking spaces, incubators, accelerators, and other hubs that support the growth of entrepreneurial clusters within France.
According to the latest data published by Instant Offices in 2019, the demand for flexible workspace solutions in Paris alone is nearly double the global average. The French capital city ranks 4th globally among other cities for the rise of requests for flexible venues instead of traditional ones each year. Furthermore, large European corporations — not freelancers or remote employees — drive a significant portion of the demand. Office rental or any other business hub in the country can also become a beneficial decision the business owners can make. Currently, France struggles to compete for the status of the world’s largest digital incubator and the thriving location for budding entrepreneurs who are looking for nothing else but innovation and success.