Coworking is a business office concept that combines the independence of working on your own with the more structured setting of a traditional office environment. Born in San Francisco in 2005, coworking is the brainchild of software engineer Brad Neuberg who was going through a rough financial patch and was trying to figure out what he wanted to do. Neuberg’s idea came about because he was looking to balance the feeling of freedom and independence when working by himself with the feeling of community and structure only attainable when working with others. His plan developed and the idea took off.
Coworking has gained popularity due to the inherent benefits of working in a group setting. It meets the needs of entrepreneurs, freelancers, tech startups, and other remote workers across countless industries who are looking to balance their workspaces with their home lives. A real benefit of Venture X coworking spaces is elimination of the distractions of working at home (i.e., dog barking, kids crying, TV playing in the background, etc.). In addition to working around like-minded professionals, Venture X coworking spaces offer a synergy sparked by community involvement and collaboration. The ability to network with others is a major draw for those who work out of a Venture X because they are able to bounce ideas off other professionals and have also found opportunities for growing their business through collaboration with fellow coworking professionals. According to a 2015 Harvard Business Review article, a majority of coworkers surveyed say coworking helps increase motivation and productivity, as well as increasing their social networking statuses. Venture X locations offer multiple membership plans to meet the needs of businesses at any stage of their development.
A coworking space is defined as a business office concept where independent contractors, freelancers, and businesses of all sizes work in the same location. Various businesses and individuals from different industries often share these flexible office spaces. The term “coworking space” was coined in 2005, by Brad Neuberg who started the coworking space movement in San Francisco. Coworking spaces evolved, partially as a reaction to the isolation experienced by telecommuters, entrepreneurs, tech startups, freelancers and other small- to medium-sized business owners who usually worked from home or a coffee shop. Coworking spaces meant fewer distractions and a better environment to focus on the necessary tasks. The flexible, monthly contracts appeal to individuals and companies who want to benefit from the synergy generated in a community environment of like-minded professionals that fosters networking and collaboration. Without a doubt, one of the most talked-about benefits of conducting business in a coworking space is the endless opportunities to network.
Coworking space memberships at Venture X are structured on a monthly basis and include business-class printers and copiers, super-fast Internet, a professional business address where mail and packages can be received, along with a variety of amenities including complimentary coffee and water, community spaces, in addition to community managers who offer concierge-level assistance and many other benefits. Venture X coworking spaces have provided today’s business leaders an option to work remotely close to home or even a professional office space to work in while traveling to meet with clients and vendors in other cities. Contact your local Venture X to schedule a tour and learn about the perks of working at Venture X.
Coworking spaces started in 2005 as a response to the rising cost of office spaces meeting the need for remote workers, tech startups, freelancers, and other small businesses to share desk spaces and office spaces in a community setting. Since 2005, the popularity of coworking has literally changed the nature of the way people like to work. The potential for networking and collaboration built into the community atmosphere of coworking spaces helps to inspire members towards their professional goals. Studies have shown that working alongside other like-minded business professionals actually increases productivity, as well as contributing to a healthy work-life balance. With flexible monthly rates, members can move right in and get down to business without the expense to lease and outfit their own office spaces.
Shared office spaces are modeled on the concept of two or more businesses or individuals working in the same physical location at the same time. Synonymous with coworking spaces, shared office spaces started to gain popularity when a number of entrepreneurs, tech startups, small independent businesses and freelance professionals desired places to work that were separate from their home spaces. In the early 2000s, with commercial real estate lease prices rising rapidly in reputable neighborhoods, small businesses, startups, and freelance professionals welcomed the idea of working around other like-minded professionals.
Traditional office spaces lacked the community element that formed an integral part of what software engineer, Brad Neuberg coined as “coworking” for his San Francisco Coworking Company, in 2005. Neuberg’s idea of combining the freedom of working independently, as an entrepreneur, small business owner, or freelancer with the community feel of traditional office settings.
In addition to saving a considerable amount of money not needing to set up an office, with all of the technology, business machinery, and amenities required to do business, day-to-day, Venture X shared office space members can focus on their core business initiatives, developing new products or services, instead of wasting time running and maintaining an office. Visit Venture X locations in your area to schedule a tour of your new, favorite place to work.
The short answer is coworking can and does work for a variety of industries and postitions. More specifically, professionals from a vast array of industries, from individuals or freelancers to small- to medium-sized businesses to large companies are finding coworking to be a great solution for their needs. Large corporations are getting into the act, contracting coworking space companies, such as Venture X, to develop floors of business spaces, as well as entire buildings with the coworking community environment in their design. For the affordable rates of coworking space memberships, remote corporate teams can work together in well-appointed spaces for the length of a project or use the space as an office whenever needed.
A diverse group of business professionals inhabit Venture X coworking spaces today. The popularity of coworking spaces is in part due to the different industries and businesses represented by a coworking space’s membership. Independent law firms and healthcare professionals share a workspace with tech and IT companies, marketing firms, freelance photographers, web designers, copywriters, and many other professionals. Fitness and healthcare publishers, along with independent financial services professionals, and restaurant owners also use coworking spaces. Schedule a tour of your Venture X location and learn more about who’s in it to win it in your community.
The inspiration you get when you go to work each day is a good indication that you’ve chosen a good coworking company. Other important things to consider include:
Coworking spaces function on a monthly membership basis. Businesses and individuals choose the type of membership that fits their business needs. For some professionals, such as tech startups and freelancers who don’t need a place to work every day, a plan that gives these members access to their coworking facility several times a week or month might be just the right plan. For others, who need a daily spot for work, away from their homes, a flexible monthly plan fits perfectly. For other teams that may need to work together in the same place each day for several months at a time, a dedicated space offers a semi-private work environment. For businesses that wish to rent an entire office they can lock, private offices are available. In some coworking spaces, larger companies can relocate their offices to an entire floor of a coworking space for the community benefits. These benefits range from attending the events hosted at your coworking company, cleaning and maintenance services, access to a network of members, as well as access to dining and community areas.
The term “shared office space” is almost interchangeable with coworking spaces. In fact, a lot of shared office spaces also offer dedicated desk and shared desk options, along with virtual office plans. The difference is that some shared office spaces are just that - A building with redundant spaces that can be rented out as private offices or work stations. Some shared office spaces are based on a membership plan and some rent by the hour. Member services depend largely on the company who rents out shared office spaces.
Coworking spaces work because business professionals, as well as most folks, work better in the company of other like-minded professionals than they do in isolation. In theory, coworking spaces developed out of the need for remote workers, tech startups, and other work-from-home professionals to separate their home lives from their work lives. In addition to relieving symptoms of isolation and improving work-life balance, business professionals who joined coworking spaces found that the energy and camaraderie of coworking spaces motivated them towards success more than working alone. A healthy competitive nature motivates some people to perform at a higher level when working alongside other business owners who are working towards the same goals. For many coworking members, feeling like part of a community adds value to their lives by improving their outlook on life. Many coworking business owners say they have increased the size of their networks exponentially due to the nature of coworking spaces. Some people feel more in control of their businesses in coworking spaces, rather than like a small cog in a big wheel in a traditional office space. Coworking space members stay engaged with growing their businesses more than employees in a traditional office space who sometimes feel detached from their part in a big picture.
Part of the popularity of coworking spaces lies in a reaction to traditional office spaces by young people entering the workforce in the mid-nineties. As the number of tech startups, entrepreneurs, and small business owners increased, the need for affordable office spaces turned into the phenomenon we now know as coworking spaces. Coworking members are drawn to the creative, collaborative atmosphere, inherent in shared workspaces. Members gain exposure and form relationships in the community beyond the coworking space, finding it easier to establish their brands in the community, through these connections. Traditional office workers can become disenchanted with their work as it becomes too routine. Because coworking has been shown to increase productivity and spark the creative process, many corporations and large businesses are experimenting with changing up the day to day for better employee performance.
When working remotely became an option for some businesses, the idea of working at home seemed like the greatest idea ever because you could work at home - in your pajamas. Both contract workers and businesses liked the idea of saving money on setting up offices for in-house team members and team members liked saving money on business attire, lunches, and transportation. It worked until small business owners, freelancers, and tech startups realized that the distractions of a home-based office could keep you from growing your business. This, in combination with the lack of interacting with other business people and feeling out of the professional community loop, led a lot of small business owners to establish a space away from their homes to work. Due to the expenses involved in leasing and outfitting office spaces in a good neighborhood, someone came up with the idea of sharing spaces and coworking provided affordable office spaces, working in a community of business professionals with the same goals of growing their success.
A virtual office is defined as a membership plan within a coworking space that includes a professional business address. Having a business address gives members the ability to send and receive mail professionally as opposed to using their personal home address for their business, adding an air of professionalism to business endeavors. Virtual office plans are designed to meet the needs of businesses that don’t require an office setting every day, but desire a professional business presence for those times when they need to schedule client or even vendor meetings. This could be the perfect solution for those in industries such as photography, video production, blogging, real estate, programming, graphic design, law, and consulting, just to name of few. Some virtual office memberships serve to establish a presence for businesses in different markets in order for businesses to expand their brands to different geographical locales without the expense of renting or leasing office space when they don’t really need it yet.
What sets a virtual office space apart from a PO Box or Mail Business Center is the ability to rent meeting rooms or conference rooms when needed for presentations or collaborations with others. Virtual office memberships at Venture X locations include access to meeting rooms at member rates for those times when it’s necessary to sit down and meet with clients in a professional space. Virtual office members can also purchase day pass access, at member rates, to common areas when needed.
If you need a professional mailing address, with mail handling services, but not a physical workspace, a virtual office plan at Venture X may be right for you. Virtual office plan pricing varies depending on location, region, and market prices. A perfect entry into a coworking space environment, virtual office solutions offer businesses that don’t require an office every day, a professional mailing address and an upscale space to meet with clients. With access to conference rooms and day passes available at member rates you always have a place to work for the day or the week, if needed.
Growing businesses looking to expand into new markets that don’t want to take on the expense or the time required to set up a new location can opt for a virtual office plan in a Venture X coworking space in different cities. Connecting to the Venture X business community in various locales can give your company the exposure you need in new markets to grow your brand’s footprint. Establishing a presence in different locales with a virtual office membership will help you put down roots in new territories.
From a virtual office plan, it’s easy to transition to a community space, a shared desk, a dedicated desk or a private office plan, as your company grows and your needs change. Flexible, monthly membership plans allow you to configure a combination of plans that work for each phase of your business growth. Visit a Venture X location in your area for more information regarding membership plans and pricing.
Coworking space membership costs at Venture X vary based on the chosen membership plan from location to location. Any coworking membership plan chosen will cost a fraction of the expense involved in leasing or renting an office space in a desirable, up and coming neighborhood and outfitting it with the necessary office and conference room furniture, office equipment (i.e., phones, computers, printers, copiers, etc.), office supplies and all of the amenities (i.e., coffee, super-fast Internet, cleaning service, etc.) offered at Venture X coworking spaces.
Coworking space costs at Venture X are based on the type of plan and go from community memberships at a lower cost to private office membership plans. The flexibility of monthly coworking space memberships allows members to change their plans as their businesses grow as opposed to leasing an office space for a year or more without the option to change the size of the space if the business experiences sudden growth. On the Enterprise level, large companies are contracting Venture X to design whole floors and buildings for them to work in. Contact your local Venture X location to schedule a tour and learn about membership plans and rates at the location most convenient for your business.
Coworking spaces vary from city to city in terms of layout, amenities and size. Prices also vary with respect to which plan you opt into at Venture X coworking spaces. Dedicated desk plans at Venture X consist of an workspace with a file cabinet, where you work every day, but is not enclosed like a private office. Flexible spaces, hot desks, or shared desk plans are less expensive than dedicated desks. These plans allow you to work at any open space, every day with access to conference rooms at Venture X member rates. For traveling business professionals who need a place to work for the day or for people who need to work out of the office or away from home once a month, community plans are an affordable option. Private offices offer coworkers at Venture X a lockable space to work out of every day with pricing varying by location.
At Venture X, coffee, tea, and water are complimentary. Several other factors that affect the price of a coworking space include the amenities offered, security, and access. When selecting a coworking space, keep in mind the features and amenities offered at Venture X such as business-class office equipment including printers and scanners, super-fast Internet, networking opportunities, cleaning service, a well-equipped kitchen, and comfortable, well-appointed community areas with Herman Miller furnishings.
Venture X also includes educational and promotional events that help members connect to their coworking community and the local business community at large. Contact your local Venture X location to learn more about plan pricing and what’s included at Venture X.
Indeed, they do. At a higher price than community desk spaces and dedicated desk options, coworking spaces have membership plans that can accommodate private offices. Some businesses move into private offices in coworking spaces and stay there. As your business grows and your needs change, some coworking spaces can accommodate your business with entire floors of buildings. At Venture X, we can accommodate companies that need entire buildings. Or, as part of our Enterprise plan, we work with you to design your facility, complete with all of the services and amenities available at our other locations.