Tag Archives: Benefits of coworking

One Year in a Coworking Space – How it Can Help Your Business

How coworking space can help your business

It seems that coworking spaces have made inroads into all workplace scenarios today. Initiated as a way for startups and entrepreneurs to sort out their business plans and work around other interesting, like-minded professionals, coworking spaces offer something for everyone, so it seems.  Small companies with a couple of employees can turn into a company with eighty employees, ready to make the move to open an office of their own. Instagram, Uber, and Spotify, among other mega companies, all started in coworking spaces. Other corporations are finding a niche in coworking spaces, as well. What can a coworking space do for your company in a year’s time? Plenty.

Easy to launch from a coworking space

Most companies and individuals just bringing their visions to life don’t feel the need to throw all of their efforts and a scary amount of money into sourcing an appropriate office space, building out a space and keeping up with the day-to-day of running and maintaining an independent office.

Save so much time and money getting up and running

Not only do young companies get a pass on deciding how they want to look when they grow up, but they also don’t have to worry about who will keep up with the coffee, water, and amenities they need for each day at the office. Ultimately, businesses working out of a coworking space save a ton of money, time and energy getting on their feet.

For larger established companies

Saving money on office overheads works great for new companies but coworking spaces are also popular with large companies, as they can save money not opening branch offices, as well as saving money not flying people into their corporate headquarters. Satellite offices work well in coworking spaces, where corporations can schedule a space for monthly meetings or provide a place for teams to work on a daily basis, with flexible monthly contracts.

Flexible monthly contracts let you grow at your own rate

Eliminating rigid, long-term leases can allow companies to grow organically, not restricted to fashioning their businesses around a space they may outgrow. Purchasing equipment and the most current technology, plus installing and setting up technology becomes a non-issue, saving on those giant purchases until you can actually afford them. Coworking spaces feature laser-fast Internet with all of the technology you need to run a business figured into monthly contracts.

Connecting to the community

Working at a coworking space for a year connects you not only to other business professionals in your area but the entire community as a whole. Building relationships with other coworking members can lead to new client introductions and/or potential team members for your business.

Networking

Networking events at coworking spaces go with the territory and help businesses grow, as well as providing social networking opportunities for members. Business-oriented workshops can provide insights into something you just can’t quite wrap your brain around about your business and connect you to other members who’ve been down that same road and are willing to share their experiences. Some coworking spaces offer their community areas as event spaces outside of business hours, providing an excellent venue for product launches and other promotional events for your business, with full-service kitchens for catered events.

Healthy food on the premises and catered in

A lot of coworking spaces feature their own full-service cafes and some provide catering every day or on certain days. Readily available, healthy food choices can keep teams on track when needed and can offer a way to relax and take a break from working.

Recruiting team members

Because coworking spaces offer a look into how people work, they are valuable over a year’s time in connecting you to the people you want on your team. When you already know someone’s work ethics and abilities, you can approach them for services you need and don’t want to master, such as web design, photography for your website, marketing, SEO content writing for your blog, and other various components you will find you need as your company begins to grow.

Collaboration

The motivating atmosphere in coworking spaces can get creative juices flowing and after getting to know other members, ideas for other companies may hatch into a business when members’ talents converge. Your best idea yet may come to light with the help of another member’s perspective.

Learning about your surroundings

If it’s your dream to find the perfect space for your company when you’re ready to move out on your own, you can take advantage of your coworking friends’ knowledge about good neighborhoods, buildings to avoid, nearby dining, shopping and entertainment venues and other things, such as parking availability in different areas.

Coworking going strong

Remarkably, coworking spaces grew from one space in 2005 to 14,411 spaces today, according to an allwork.space article. Once a trend bunking traditional office environments, coworking spaces have changed the way we do business. So well-received, large companies are taking advantage of the flexibility coworking spaces offer, with low overheads, well-appointed surroundings, and monthly contracts.

Join us at Venture X

Venture X makes a great starting place for your small company to get its feet wet, as you develop your company into a business that needs its own space. Spending a year or so at Venture X, you’ll be rubbing elbows with an impressive list of business owners from many industries, including tech innovators, financial planners, health and fitness publishers, independent attorneys, healthcare professionals, marketing pros, as well as freelance designers, photographers, writers and others, all working together in an atmosphere that inspires productivity and collaboration.

Come grow with us at a Venture X location near you. Contact us to request a tour!

Why Major Companies are Moving to Coworking Spaces

Benefits of Coworking Spaces

Initially, coworking spaces offered a professional, flexible work atmosphere for young creatives, startups, and freelancers who were looking to bridge the gap between working from home and investing in an office space. With so many of today’s business leaders starting up their careers in coworking spaces in the mid-2000s, the idea of using coworking spaces for a large company’s temporary or remote office space needs is more appealing than spending a bunch of hours and money flying employees to their corporate headquarters to attend meetings in person when using today’s technology allows for other, less expensive options.

Moving directly into coworking spaces, attractive for the convenience and amenities

Coworking spaces made a lot of sense with immediate access to upscale workspaces without going through the process of setting up shop on your own. Sidestepping the expense and time required to lease an office space, never mind purchasing office supplies, office equipment, office furniture and who knows what else in order to just get up and running, coworking spaces offered all of the amenities of a well-appointed office space without taking your focus away from developing your business. Also, for startups with uncertain futures, coworking spaces offer a professional environment that scales to your office space needs as your company evolves.

Some of the largest tech companies began in coworking spaces

While some of the largest tech companies today got their start in coworking spaces – Spotify, Instagram, Uber, Wanderfly, Charity:Water and IndieGoGo, among others –  coworking spaces haven’t really been able to shake their association with young entrepreneurs and tech startups . . . or have they?

Corporations now account for 40% of coworking space membership

It seems large businesses are finding coworking spaces preferable to establishing their own physical presences in some places. Even though we all know that large corporations possess the resources to expand into their own new spaces, coworking spaces offer instant connectivity, polished surroundings, amenities and so much more.

Perhaps, as businesses grow more mobile and global, the impact of a physical footprint on communities doesn’t mean as much as it did in the past. However, it’s not just the convenience of monthly leases or the free coffee and water that are drawing large businesses to coworking spaces, it’s . . . well, it’s everything.

Instant temporary digs

Coworking spaces come in handy for major companies as they work out the particulars of an expansion into a new geographic area. Bringing staff together or interviewing for positions at a new location can be easily accommodated at coworking spaces. With flexible contracts, coworking spaces offer semi-private offices for recruiting as well as boardrooms for brainstorming. Semi-private office spaces are ideal when teams need to convene and tech-savvy virtual office spaces work for conference calls and Skype meetings with corporate.

A community atmosphere

Many coworking space studies, like these in business.com or Harvard Business Review, have shown an uptick in productivity among professionals working in coworking spaces. Not unlike going to the gym on a regular basis, when you work out around other people, some people find motivation and focus, while others naturally switch into competitive mode, working harder than they would on their own. Just a little bit of healthy competition can keep eager business professionals working steadily towards the same goals of success. Survey subjects said coworking spaces not only helped with productivity but with confidence, self-esteem, and motivation.

Major companies can save some money that they can invest elsewhere

Why not save some money when venturing into new territories? Corporations can cut outfitting costs and the overhead required to acquire and maintain an office by setting up shop at coworking spaces in different locations. Major companies also save time by instantly getting their coworking spaces up and running. With monthly leases tied into one payment, corporations save time and money on accounting services as well as other ongoing expenses corporations incur in the day-to-day of office management. And, there’s more.

Coworking vibe can’t be found in most corporate office spaces

While your company may have the hippest vibe in town, dedicated office spaces can’t really generate the same electric atmosphere that’s palpable in most coworking spaces. A sense of creative innovation and the capacity to change the world underlies the excitement of turning professional passions into lucrative realities. The creative process hums like a pulse in coworking spaces, igniting ideas and fostering collaboration. New ideas evolve into new projects.

Connecting with the larger community

Networking and collaboration are built into the very definition of coworking spaces; they offer ties to a larger community than traditional office environments. Not just a number, a common downside of the traditional corporate structure, coworking members get to know other members and discover resources they can bring to their specific corporate cultures. Social activities and networking events lend themselves to finding new talent for large companies as corporations take advantage of recruiting the talent they need from coworking members they already know they’d like to hire.

At Venture X Naples, we welcome major companies as part of our diverse, growing membership. In the up-and-coming North Naples area, the Mercato plaza is home to many popular dining, shopping and entertainment venues that offer many options for Venture X Naples members to impress clients, celebrate team successes or to just take a break from their business days.

Contact us to schedule a visit or reserve a workspace. Large companies, small companies, startups, and others can all find the right working space for their business needs at Venture X Naples. Join us and experience the excitement of interacting with other business professionals, as well as exploring the many options for grabbing a bite or taking a well-deserved break such as heading to the beach that’s just a five-minute bike ride away!

Why You Need to “Show Up” Every Day

Why You Need to Show Up Every Day

Seems like a no-brainer, right? You show up because you need to work so you can eat, pay your rent and buy stuff that makes the end result of showing up worthwhile. However, when you’re the boss and possibly the sole employee of your company, so far, you can get sidetracked by other things in your life or periods of time when you can’t seem to work out any aspect of your business plan. Sometimes, you don’t even know where to start to get past a hurdle so you can move forward. It’s at these times that you could use some handy tools to help you show up and account for something, every day.

Matt Mayberry says showing up is essential to winning ball games

In CEO and strategist Matt Mayberry’s Entrepreneur article, the former Chicago Bears linebacker compares how underdog college football teams show up, upset highly ranked teams and shock the heck out of people who are amazed because they never saw it coming. Mayberry says that in football, as in “building businesses, organizations and whole cultures” you need to show up every day. He went on to say that the reason we see these upsets in sports, as well as in business is due to the fact that sometimes people forget to show up. First- and second-ranked teams can lose their edges and not show up on particular days when hungry, lower ranked teams show up ready to win.

Mayberry says that the highly ranked teams “will have let their record, their past achievements and the praise heaped on them by the media get in the way of their executing and treating that specific game as if they were 0-0.” In showing up “every day and treating each new day, project and task as if your life depended on it,” Mayberry offered two suggestions for surefire ways “to make sure you get better at what you do and move in the right direction to where you want and need to be.”

  1. Sign a contract with yourself

    Psychologically, taking the time and effort to compose a contract with yourself works wonders for your work ethic. Like an affirmation statement on your refrigerator, you just need to remind yourself daily of the important objectives for your business, including showing up every day. As a matter of fact, Mayberry suggests laminating your contract and placing it somewhere where you will see it numerous times a day. While Mayberry says the way you word your contract is up to you and he offers University of Louisville coach Rick Pitino and Eric Crawford’s book, The One Day Contract: How to Add Value to Every Minute of Your Life, as an excellent resource for writing that contract with yourself. “It’s a phenomenal book,” Mayberry says, “that chronicles how Pitino started using a one-day contract for himself and his team before they won their national championship.”

  2. Focus on one aspect of your business daily

    From his football training, Mayberry borrowed the idea of focusing on one key area each day. “After a couple of months, I noticed what a great impact this was making on me in becoming a better player overall.” Adopting this practice in his personal life, Mayberry maintains that he still uses this approach today. Focusing on one key area can improve your overall productivity level and work wonders in a myriad of ways. Practice things that you aren’t comfortable within your business. “For example,” Mayberry says, “if you’re in sales, maybe you are working on getting better with cold calls one day, and then the next day you are working on improving your communication or prospecting skills.” You might want to work on presentation skills if your business requires numerous live presentations or videos. Compartmentalizing tasks into focused pieces that you can work on one day and move to another task or area the next day works because, “It’s not overwhelming yourself with 1,000 different areas you need to work on, combined with your already hectic schedule,” Mayberry says.

Coworking spaces keep workers on their toes

A September 2015 Harvard Business Review article revealed that workers who were members of coworking spaces “reported levels of thriving that approached an average of 6 on a 7-point scale” – at least one point higher than employees who work at traditional firms in regular offices. Researchers did a double take, as this data couldn’t be right. But it was, because of a number of factors that come together in coworking spaces:

  1. A feeling of community inspires business owners and freelancers to show up every day

    Working in an environment, alongside entrepreneurs and like-minded professionals motivates business leaders towards results. Whether you need a cheering squad or a trusted colleague to consult on your project, coworking spaces foster these activities.

  2. Coworking spaces have a built-in network that fosters a collaborative spirit

    Not only for the social aspects of coworking spaces but the intrinsic networking effect in coworking spaces encourages members to seek help from other members. When you need help for those hurdles you can’t wrap your brain around, to hone in on a technical issue or resolve other issues that might subconsciously keep you from giving your business all you got some days. Much like a college course, say a creative writing workshop, where everyone has to read everyone else’s short stories and critique them, coworking members are willing to help someone else through an issue that may have held them back in the past. Who knows? Working alongside someone can lead to new ideas, which lead to new ventures with new partners you already know.

At Venture X Naples, we think there’s something special about coworking spaces. Working in an upscale, well-appointed facility in the heart of Naples, the Mercato neighborhood buzzes with popular shopping, dining and entertainment options, just minutes away. Our diverse community of coworking members thrives in a variety of different types of spaces, from our community spaces to semi-private or private offices with your own business address. Technically proficient conference rooms are available for meetings and presentations, as well as our community area that can be rented for your launch or as a networking tool.

Like Matt Mayberry tells us, “Showing up every single day of your life is critical when it comes to the success of your business, organization and individual success.”  To keep from sliding into a comfortable zone of thinking, “you’ve made it and don’t have to work as hard, someone, somewhere is already gaining an advantage over you and working to surpass you.” Mayberry’s take away goes like this: “Champions show up every day, whether that occurs on the field, on the court or in the boardroom. Showing up may help you be one of them.” Showing up at Venture X Naples can keep every single day moving forward with your business goals solidly intact, in one of the most exciting ways. And then there’s the beach nearby when you need to focus on your sunny disposition. Contact us to schedule an interview at (239) 300-9601 or request a tour online.

Traditional or Coworking: 5 Reasons Coworking Might be a Better Option for Your Startup

Reasons Coworking Might be a Better Option for Your Startup

Starting your own business can be a great way to make your entrepreneurial idea a reality. Lots of startups do not require working from an office so many budding entrepreneurs work from home. While this setup offers many perks, such as savings on business attire, coffee and lunch expenses, it can present awkward scenarios when the time comes to grow your team or meet with potential clients – with your roommate or family living their lives around your meetings. Plus, you can’t even get a Google business listing with your home address.

When it is time to take your startup to the next level, you will need a dedicated workspace. Your options: a traditional office space or a coworking space. For most startups, coworking spaces make sense for some really good reasons.

  1. Affordability
    While working from a coffee shop can be a lot cheaper with free Wi-Fi and the baristas who know your regular order, coworking spaces offer many options and plans to fit any budget. There’s also free coffee, super-fast Wi-Fi and many more amenities that come built-in to your membership.  Most importantly, you’ll have a fancy mailing address for your new business without spending the time and money you would need to rent an office space in a reputable neighborhood and outfit it with furniture, décor and all of the office equipment you need to run your business. Think about how much you’ll save on coffee and bottled water. No worries about cleaning and maintaining a rented office either as those services are included in coworking spaces.

    Additionally, Venture X Naples does not tie you into long-term leases; we rent monthly. This flexibility gives you the freedom to come and go as your business needs take shape.
  2. Scalable spaces
    As your startup evolves and your needs change, you might want a space for five employees to work on a project one month and a space large enough for 12 members of your team the next month. Our office spaces can easily scale up or down to meet your space needs from month to month. For tech startups that don’t necessarily need to work in the same location every day, we offer many different size spaces with varying degrees of privacy for intermittent meetings. Our community plan includes access to our community areas one day per month with additional day passes available for $25 per day.

    When it is time to present to your team or to pitch your business to investors, Venture X Naples’ conference rooms are fully equipped with state-of-the-art audio/visual technology. Available at $40 per hour, our conference rooms are equipped with everything you need for successful business meetings.
  3. Services that can help you put it all together
    Coworking spaces cater to the needs of startups by offering a wide range of services to get you up and running. As your brainchild idea starts to take shape, there will be many day-to-day aspects of your business that you might not have considered. Your Venture X Naples membership gives you live and online access to our member directory. In our diverse community, you’re sure to find members who can help you with marketing, accounting, benefits, as well as setting up an online presence. In the bigger picture, Venture X Naples presents monthly events geared towards educational, social, cultural and entrepreneurial themes.
  4. Intrinsic Networking and Collaboration
    The very nature of coworking spaces lends itself to networking and collaboration. While many coworking spaces are dominated by young professionals and tech startups, Venture X Naples enjoys a truly diverse cross-section of the Naples community. From attorneys in private practice to fitness and healthcare professionals, investment startups, architects, freelance writers, photographers and web developers, our community is well-represented by many professions and industries.

    At Venture X Naples, a collaborative spirit helps like-minded professionals stay motivated and inspired to make great things happen. Synchronicity has a way of feeding the creative process to produce optimal results. New connections may lead to new business opportunities. For startups, the energetic, networking environment of coworking spaces can spark new ideas and help build your brand presence in the community.
  5. Face your challenges in a supportive environment
    Starting a business, especially your first one is not going to be the best day ever, every day. You will encounter hurdles you never even considered you’d have to deal with, times when you just want to scrap it all and obstacles that you just can’t figure out how to get around. But when you are surrounded by other business professionals grappling with the same or similar issues, you can share resources, point each other towards solutions and learn from other business owners that have tackled the same challenges when starting up their businesses. Venture X Naples encourages members to share their experiences to help each other succeed.

Coworking spaces, such as Venture X Naples are changing up ideas about office environments. For startups, coworking spaces bridge the space between working at home and moving into your own office, as your startup begins to grow into an established brand.

Contact Venture X Naples to learn how your startup can benefit from working in an environment that is geared towards your business’s success. In addition to the awesome immediate surroundings, the hospitality and the inspired network of business professionals, we are conveniently located in the heart of Naples. The Mercato neighborhood features many exciting dining, shopping and entertainment venues, just a short walk from the Venture X Naples facility. And if that’s just too much to process all at once, we’re just a five-minute bike ride from Naples’ white sandy beaches!

Contact us today to set up a tour of coworking space!