The remote working setup initiated by most organizations after the Covid induced lockdown can be great for some time. However, after a certain point in time, this becomes a big hassle for everyone trying to work from home with millions of distractions. This can hamper an employee’s productivity and even incite more mistakes, further hampering the efficiency of the individual.
Fortunately, as the restrictions are now easing, employees have another excellent alternative called shared co-working spaces. Continue reading to understand better what a shared co-working space is and how exactly it works.
What Is A Shared Co-Working Space?
In simple words, a shared co-working space is an area where different individuals from different organizations are working collaboratively or independently renting a space to do their work. While membership rules are in place in certain shared co-working, they are generally open to the public.
However, this is something much more than a simple working space to elaborate further. It is more of an idea or philosophy that enables different people to socialize and have their work done simultaneously. For instance, suppose you go to a shared co-working space. Chances are you will encounter a setup where gig workers share a space with a financial analyst or a freelancer working alongside any remote worker.
The idea behind this is that an individual’s background does not play much of a role here, but it is all about people coming together from varied backgrounds and doing their jobs to earn a livelihood. The main business model behind shared co-working spaces is space as a service meaning people renting the space need to make money from the service.
Different Models For Shared Co-Working Spaces
There are two different prevalent models used in shared co-working spaces. So let’s have a look at each of them.
- The Walk-In Model: Many people require a shared co-working space less frequently so they can opt for a space that offers the pay-per-use type service. This way, one can simply walk into the space, get their job done and leave after paying the specified fee. One primary challenge with this model is the difficulty of predicting the demand, as you never know when someone will want to use the space.
- Membership Model: This is ideal for anyone looking for a permanent place at a shared co-working space. One can commit to the area by taking a membership for a specified period and reserving their seat and get a hold of beautiful office furniture Sydney. The primary benefit of such a model is that it creates a steady flow of income for the space owner. In addition to that, this also helps one determine the working capacity of the given person depending on the number of people one can fit in at any given point in time.
Bottom Line
Shared co-working has gained a lot of prominence in the last couple of years. However, there was set back during the entire Covid situation, but as the restrictions are easing everywhere, things are getting better. So in case, you need a place to get your work done, make sure to look for a shared co-working space nearby and have fun doing your work.
To understand about Office Furniture industry, Read here
