Millennials do businesses differently. Their approach is more contemporary. From the products and services that they are offering to their marketing strategies, there are significant differences between millennials and traditional businessmen. Among others, young entrepreneurs are embracing coworking offices. In the rest of this post, we will briefly explore why such is the case.
- It is Affordable
Shared office spaces in Fort Worth, such as Common Desk, are known for their affordable rates, making it a viable option for young businessmen who are just getting started. Unlike traditional offices, you do not have to be burdened with rent that can hurt the wallet. Even if the business is not yet established and without the luxury of financial resources, coworking allows you to have an official business address.
- It is Flexible
Shared office space for rent like Common Desk is also great because of the flexibility that it offers. As a young entrepreneur, you are most probably uncertain of what the future holds. The good thing about coworking offices is that they offer scalability. Meaning, it can grow along with your business. If the business grows, you can choose to rent more desks or a private office. If it does not prosper, on the other hand, you can always scale down or terminate the contract. You will never be tied to a long-term lease. There are daily, weekly, and monthly rates available.
- It is Strategically-Located
In one survey conducted by Nielsen, it has been revealed that millennials prefer to live in dense and diverse urban villages where social interaction is easily available. With this, they are embracing coworking because most shared offices are located in central business districts. They are in strategic locations that can offer benefits of security and accessibility, among other things.
- It Allows Resistance
Young entrepreneurs are embracing coworking because they resist traditional offices. They are known to dismantle the 9-to-5 mentality, break down corporate hierarchies, and redefine social norms in business interactions. They want to break away from tradition. They are carefree. With this, coworking spaces provide them with the opportunity to manage their business in a way that is more flexible and contemporary. It provides a hip place where they can demonstrate resistance from the norm.
- It is a Community
A coworking space is more than just an office where business activities get done. Instead, it is a community that is consists of like-minded individuals. Here, you can meet potential clients. It is also a place where you can collaborate with other freelancers. There are seminars and workshops, as well as activities for entertainment. Compared to working at home or a crowded coffee shop, coworking spaces are better because you get to be a part of a vibrant community.
From affordability to flexibility, it is easy to understand why young entrepreneurs are amongst the biggest clients of coworking spaces. It provides an ideal environment to get the business started at a price that does not hurt the wallet.