How to Create the Perfect Co-Working Space?

How to Create the Perfect Co-Working Space?

Co-working spaces are becoming increasingly popular worldwide because they give entrepreneurs a creative and relaxed environment to work at while sharing ideas, collaborating and networking with like-minded people. If you’re looking to create a space of your own, there’s definitely the demand for it but your success depends on a number of things. It goes beyond having a group of people with the interest if you want to make a business out of it. Here’s how you can create the perfect co-working space.

Community

You shouldn’t ever dive into a possible business venture without first doing the research. Find out if you have the demand in your area, then think about creating a space. If you go into it with the mentality of ‘space first, people later’, you’ll end up getting stuck and won’t be as close to as successful as you could be. Sell people on the idea of what you’re trying to create- maybe through a few small-scale events or by creating a page on Social Media- and create a community first. But if by any chance you find there isn’t a demand for it, you can create it yourself by starting off with a smaller convenient space and then growing into the business you want to achieve.

Expenses

Keep in mind you’re trying to create a space where people will be inspired to break ceilings and form revolutionary projects. These places are contemporary and extremely artistic because they’re meant to inspire. Consider the costs for preparing a space like this; outline your investments and budgets. You can’t cut costs here, because your environment should draw together a pool of resources where everyone can benefit. Keep all these things in mind when you’re figuring out your charging rate too.

Location

We cannot emphasize the importance of location when starting on your space. From restaurants to cafes (basically any place that acts as a social gather point), if it isn’t convenient, safe or easy to locate, you’re bound to fail. Older buildings not used to their full potential make for a great co-working space and chances are you should be able to wrangle a decent price out of the landlord. But don’t forget to check the convenience of the area before you make any commitments. 

Utilities and Furniture

Your first priority should be securing your utilities because if you don’t have fast Wi-Fi or you have plumbing issues etc. chances are you’re going to lose people. Next, move on to creating that creative environment by looking up designer furniture in UK. Add in some artwork. Hire an interior designer to fully draw out the creative juices of the place and help you get that elegant feel.

The People

You’re not catering only to the locals in the area. There are plenty of travelling entrepreneurs that often look for networking spots with other professionals so keep this in mind when forming your marketing strategies. The right advertising can give you a steady inflow of people.

Using these steps you can create a functional, artistic co-working space that will definitely be successful with time.