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Whether you are an enthusiastic entrepreneur or a hungry freelance experience, you should be familiar with the term co-working space. In the early days of your business, working from home or in your basement can be attractive.

But as your business grows, you will find that a business meeting in your local Starbucks is not the best idea. And that's why common workspaces are in fashion today.

Let's look at some statistics:

Coworking Forecast 2018 estimates that by the end of 2020, approximately 1.7 million people will work in approximately 19,000 shared rooms around the world.

With the growing importance of shared workspaces, the conventional work culture is revolutionized.

Here are the top five tips on how this new wave of shared office space is benefiting young entrepreneurs.

1. Flexibility and profitability:

When you start a startup, it's a lot. Renting and setting up an entire office for a few years can tire your pockets. Flexibility is hindered. A coworking space offers an office environment with a comfortable desk, high-speed Wi-Fi, coffee, meeting rooms and relaxation areas at affordable prices. Whether you are a freelance writer or a team of five people starting your own business, working in a coworking space is easy.

1. Increased possibilities:

No business can operate on its own. A coworking space is an environment with freelancers, digital nomads, entrepreneurs, etc. In an environment with shared storage space, your closest office neighbor can be your customer, supplier, consultant or creative partner. All this is possible because you have the possibility of making contacts. The number of contacts and networks that you can create in a coworking space in a few days is greater than the number that you could have created in a few years in your own office.

1. A stronger accent:

Many people think that working from home is attractive, but a house surrounded by animals, family and television can relax you. Whereas conventional offices are mundane and tiring, with kitschy guidelines and deadlines. In a coworking space, you have exuberance without working on a deadline that wags your neck.

1. Talent center:

The shared workspace is a region where you are surrounded by freelancers, entrepreneurs, digital nomads, and like-minded business nerds. A business environment can solve your problems, give you creativity that shapes your ideas and builds your team in no time. 

1. Work-life balance:

A balance between work and private life is the key to the success of business ideas. Office trips during peak hours, deadlines and long hours of hard work reduce overall productivity. But a real office environment near you, filled with like-minded people, increases productivity, balances life and also improves your social life.

Protips

If you're venturing into the world of entrepreneurship, start with a shared workspace in Gurgaon or near your home at an affordable price. A place with exciting people will improve your relationships, motivate you and certainly improve your social circle.