#4 Ways Entrepreneurs Can Make the Most Out Of a Co-working Space Co-working can become the best option for an entrepreneur if used wisely.

By Nidhi Singh

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Pixabay

In the last few years, the total number of co-working spaces has increased in India and globally. From freelancers to independent workers or people who travel frequently, the spaces are helping every person who can't afford a traditional office space. It also offers a solution to the problem of isolation that many freelancing population experiences while working at home.

If you are a budding entrepreneur who is considering joining a co-working space then here are few ways to make most of it. These working spaces are definitely much more than sharing desks, open workplace and making new connections.

Get to Know Your Co-workers :

Being an entrepreneur can get a bit difficult and lonely at times. Sharing space with other fellow entrepreneurs helps you build friendships with people who understand your feeling and act as pillars of support. Moreover, access to a large pool of smart minds helps you get early feedback on the product or service you are trying to build.

Rahul Agrawal, CEO, WorkSpace suggests to make the most of the co-working community, the entrepreneurs need to put yourself out there and take initiative in getting to know others.

"I have had instances in the past where a random conversation with a fellow entrepreneur has turned into something exciting and fruitful for both of us," he said.

Save On Office Cost :

Many startups around the world today need a co-working space which is scalable and cost-effective. However, Himanshu Bindal, Founder & CEO, ONE Co.Work feels with co-working spaces, entrepreneurs don't need to worry about their scalability. It is the best option for businesses that grow multiple-folds within months.

" Entrepreneurs can gain a lot from co-working community because it provides a networking opportunity and connects with investor and mentor. Apart from these pointers, it's a hassle-free experience.Startups/companies can focus on their core business without spending their time on admin jobs at a lesser cost (cost saving), " said Bindal.

Make the Most of Opportunities :

Co-working can become the best option for an entrepreneur if used wisely. Every entrepreneur encounters challenges and needs to de-stress from the unceasing work regime. These spaces today are helpful in ensuring the holistic wellness of entrepreneurs with facilities like spas, gyms, badminton courts, etc.

Sudeep Singh, Chief Evangelist, Gowork believes an entrepreneur can make use of the opportunities provided in the co-working campuses and further grow, not just professionally but personally as well.

"The networking/ mentoring sessions are aimed at building up the motivation and delivering expert insights in this space. Using such events to connect with colleagues and mentors works really well for entrepreneurs these days," shared Singh adding that one should also help others without expecting anything in return.

Share Your Knowledge :

Entrepreneurs can share knowledge to build relationships with their coworkers. Vineel Reddy Pindi, CEO, Collab House emphasized if entrepreneurs can provide value to their co-workers by sharing their expertise, then the chances are they will get more help in return.

"Sharing your knowledge will help you stay top of mind of your coworkers and will also motivate them to help you more. In a coworking space you find people with different backgrounds, often complementary to yours. You may be an expert in web development, but others may give financial advice or introduce you to a designer for your website," said Pindi.

Nidhi Singh

Former Correspondent, Entrepreneur Asia-Pacific

A self confessed Bollywood Lover, Travel junkie and Food Evangelist.I like travelling and I believe it is very important to take ones mind off the daily monotony .

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

News and Trends

How Lab-Grown Diamonds are Reshaping Jewellery Market

As sustainability takes the centre stage shaping the luxury market, lab grown diamonds (LGDs) are leading the way and not merely following the latest trends, says Ishendra Agarwal, Founder, Giva

News and Trends

Reveal HealthTech Raises USD 7.2 Mn to Expand AI-Driven Healthcare Solutions

The fresh funding will be channelled towards scaling its flagship products, BioCanvas and Prism AI.

Business News

AI Could Cause 99% of All Workers to Be Unemployed in the Next Five Years, Says Computer Science Professor

Professor Roman Yampolskiy predicted that artificial general intelligence would be developed and used by 2030, leading to mass automation.

Growth Strategies

GST Rate Cuts To Bolster FMCG Sector; Daily Goods To Get Cheaper

FMCG companies such as Marico, Emami, GCPL, Zydus Wellness, are prioritizing to pass on the GST benefits to consumers at the earliest