Why Do Entrepreneurs Choose Coworking?

coworking

There has never been an easier time to be your own boss and to achieve really great things as an entrepreneur than at present.  Indeed, today, entrepreneurs who are looking to start their own company, launch their own product or service, has such potential without astronomical investments.  Entrepreneurs today are no longer limited by space, funds, or even networking opportunities. All this can be provided for you through “coworking.” Coworking has become the hottest trend in start-ups and entrepreneurship, and Array Property Group LLC has all the necessary know-how and experience to help you choose the right one.  Whether you are dreaming to start reasonably small, or whether you have looking to launch big, the opportunities are there.  Coworking has become the hottest trend in business innovation and gives you unlimited potential. If you are looking to venture into the world of entrepreneurship and innovation, if you have business ideas that you are looking to bring to life, and if you have a plan for making a profit, consider the successes of thousands of individuals who are working through shared office spaces.

Coworking spaces are defined as membership-based workspaces where diverse groups of freelances, remove worker, and other independent professionals work together in a shared, communal setting.  There is such a multitude of different disciplines, professions, and industries using coworking spaces that it is close to impossible to list them all.  However, whatever your ideas, projects, ventures, or goals are, undoubtedly, the coworking is sure to fulfill all your needs. Since coworking first emerged space first emerged in 2005, so this is not a new phenomenon, but it is one that has grown exponentially over the past decade or so.  Since it was first launched, over 14,000 coworking spaces have opened worldwide, and it is expected that by 2020, there will be over 30,000 coworking spaces with nearly 5 million members.  WeWork alone has increased its customer base in 2017 alone by 370%. Coworking space provides a unique culture, and if you have an idea, a product, or service, coworking will offer you opportunities that traditional settings lack.

Let’s say you have an idea, a product, or a service, and you are ready to bring it to the market. Consider the upfront costs of starting such a venture.  Not only do you need to find a real estate location, but you also have to commit to a lease, purchase furniture, supplies, and hire staff. You also need to find optimal networking avenues and make sure that you have the right talented staff. By the time you are set up for business, the pressure for immediate profitability drives most new entrepreneurs to abandon their ventures before they get a chance to get their product or service off the ground.  Let’s also not forget the depressing corporate cubicle culture and monotonous daily routines. One thing for sure, coworking spaces are anything but depressing or monotonous.

Let’s say you have an idea, a product, or a service, and you are ready to bring it to the market. Consider the upfront costs of starting such a venture.  Not only do you need to find a real estate location, but you also have to commit to a lease, purchase furniture, supplies, and hire staff. You also need to find optimal networking avenues and make sure that you have the right talented staff. By the time you are set up for business, the pressure for immediate profitability drives most new entrepreneurs to abandon their ventures before they get a chance to get their product or service off the ground.  Let’s also not forget the depressing corporate cubicle culture and monotonous daily routines. One thing for sure, coworking spaces are anything but depressing or monotonous.

So, why are coworking spaces so great and what exactly do they offer? For one, shared spaces offer their members weekly or monthly renting options.  So, unlike the traditional business model where you have to sign a two-, three-, or five-year lease, coworking spaces like WeWork wisely offer short-term memberships that can be renewed as per the worker’s needs. If one coworking space location does not meet your needs, your financial commitment is limited enough to change your environment.  This is something that you surely wouldn’t be able to do if you sign a lease and rent an entire office. Actually, with shared workspace, there is no need to get your own printers, desks, or secretaries. There is no need to even get a coffee machine. All is provided for you and is part of the shared workspace environment. It is a practical and cost-effective solution for any new start-up or already existing business.  

The benefits are multiple. Coworking spaces clients are extremely diverse: there are freelancers, independent professionals, entrepreneurs, lawyers, coders, designers, programmers, accountants, among many others.  As a member of coworking space group, you have access to all these professionals, creatives, and talents, and this inter-space collaboration strengthens your options and opportunities. Need a marketer to market your idea? Need an accountant to file your taxes? Need an attorney to get legal advice? Chances are, in larger coworking spaces you will find at least most of these professionals. There are many professionals to keep you updated and informed, and the collaborative aspect of the shared workspace environment is invaluable.  What is missing is the backstabbing, the inter-office competition, the hierarchy that is not always based on meritocracy, and the monotony of most traditional corporate cultures.

So if you decided to give shared workspaces a go, which one is right for you? Shared workspaces are growing in popularity, and new ones are popping up all over the place.  Array Property Group agents know how challenging it is to venture into the unknown.  You can read online reviews, conduct your own search, but what’s better than actual real-life, in-person guide who can direct you to the shared workspace that meets all of your needs.  Array Property agents have been working with shared workspaces clients long enough to know what most of these companies offer, and are the best sources of information to meet all your needs.  There is surely no shortage of options. Array Property agents will give you insight into all the benefits, amenities, and perks that each of these companies offers.

Best Coffee Shops to Work in NYC

Whether you are a freelancer or an office worker with a flexible schedule, you might get tired of an ordinary everyday environment. Change of a workplace can inspire and push you towards new ideas. It is also an opportunity to meet new people if you lack communication at home, or on the contrary escape a crowded office. Coffee shops where you can work in a hustle-free atmosphere, and drink a ton of delicious coffee might be just the perfect spot for you to be both productive and relaxed. Here is a selection of best coffee shops to work in NYC.

GREENWICH VILLAGE

ancolienyc
instagram @ancolienyc

Ancolie

58 West 8th Street

Cute and quiet place with free WiFi, coffee and snacks. Ancolie is a place for you if you are looking for a quiet spot to work in and have a healthy meal. Sustainability of the coffee shop is an additional perk – they serve food and drinks in mason jars (even if it is to go).

EAST VILLAGE

Saltwater Coffee
instagram @saltwaternyc

Saltwater Coffee

345 East 12th Street

The coffee shop is small but has a lot of natural light. Quiet music, free WiFi, and a decent amount of outlets makes it a perfect spot for work while having a cup of coffee with a delicious croissant.

MIDTOWN EAST

groundcentral
instagram @groundcentral

Ground Central

155 East 52nd Street

Great quality coffee, free WiFi and a relaxing atmosphere. Might be even too relaxing because of the dark colors and music so if you want to work here it’s better to sit by the window rather than in the back.

MIDTOWN WEST

ut47manhattan
instagram @ut47manhattan

UT47

358 West 47th Street

A wide selection of tea, a variety of pastries, and calming atmosphere. Customers get the WiFi password on the receipt. It’s a nice place to work in, read a book and meet with friends afterward till 10 or 11 pm on weekdays and 12 am on Fridays and Saturdays.

CHELSEA

sevengramscaffe
instagram @sevengramscaffe

Seven Grams Cafe

275 7th Ave

A minimalistic, bright and airy place with free WiFi to work in, have a cup of coffee and a piece of carrot cake. Vegan pastries are also on the menu.

FLATIRON DISTRICT

redfleececafe
instagram @redfleececafe

Red Fleece Cafe

901 Broadway At 20th St

Free WiFi, plenty of outlets, and a comfortable noise level makes this coffee house a destination for people looking for a place to spend an afternoon getting work done or reading in silence. Free refill policy on coffee is a great bonus.

FINANCIAL DISTRICT

boundlessplainsnyc
instagram @boundlessplainsnyc

Boundless Plains Espresso

19 Rector Street

This non-chain coffee shop with friendly staff has free WiFi, small and comfy tables to work at, delicious coffee and plenty of healthy meal options. Ideal spot to work, study or catch up with a friend.

WILLIAMSBURG

devocionusa
instagram @devocionusa

Devocion

69 Grand Street

Aesthetic of the space itself is breathtaking. The glass ceiling lets in tons of natural light. Green plants, wood and leather textures make the coffee shop really cozy. While during the week this place attracts many people who want to work or study, be prepared that free WiFi is accessible only on weekdays. Saturdays and Sundays are for live communication with family and friends.

DUMBO

brooklynroasting
instragram @brooklynroasting

Brooklyn Roasting Company

25 Jay Street

The coffee shop has much more to offer than just coffee. It has a matcha bar, a retail shop with coffee beans which they roast themselves, and a spacious light cafe with free WiFi and communal work tables.

 

We hope you will find The One among these spots for work. Let us know your favorite laptop-friendly coffee shops in NYC in the comment section.

Shared Workspace VS Private Office Unit. The Perks of Being a Part of a Coworking

Shared Workspace

Array Property Group team answered the most commonly asked questions about shared workspace.

Why should I choose a shared workspace over a private office?

Working from home when you are self-employed can be challenging due to numerous distractions and inability to focus in a non-working atmosphere. Those looking for a space to work in have two options: renting an office or renting a dedicated desk at a shared workspace aka coworking. If you do not need a quiet private space for meetings with your clients, like for instance psychologists or lawyers do, we strongly recommend considering the latter.

Is it really cost-effective?

Let’s say, you are looking for a workspace in Midtown West. An average price for an office unit is $1000, and prices for a dedicated desk vary from around $300 to $600. Keep in mind, that private offices for $1000 are usually quite small, with small windows or windowless, and can accommodate one person. For 2 or 3 times less you can rent a dedicated desk at a spacious shared workspace instead of a lightless box with room for just one office desk.

What is included in the price?

Many of the coworking spaces provide high-speed internet, print, scan, and copy services, as well as offer access to a shared kitchen with a microwave and a fridge, filtered water, and a coffee machine. All the utilities are already included in the price. Conference rooms and outdoor terraces for breaks are also a common feature. You don’t need to worry about accessibility to your dedicated desk since a lot of shared workspaces are open 24/7. Moreover, wouldn’t it be nice to work at light and airy space with panoramic windows, modern furniture, and comfortable lounge zones?

Wouldn’t it be better to work without so many people around?

Another advantage of a shared workspace is the ability to meet new people, build useful connections, share ideas and knowledge, and find new opportunities. It is a place where networking works. Shared workspace experience is about working in an open friendly environment and building a community of people from various fields united by a common goal to achieve great results. However, if you feel really uncomfortable around a big amount of people, some coworking spaces offer dedicated desks in smaller rooms for about 5 people only.

How can Array Property Group help me find a shared workspace?

Office buildings managements often do not advertise the available options all at once. In order to check the availability of dedicated desks, you need to contact the managers for all the necessary information. Array Property Group team can do the research for you as we have a deep knowledge of the market. Moreover, we search for coworking spaces that fit your description and can schedule a number of viewings for you. With us, you can easily choose the most suitable shared workspace in the desired neighborhood. We do not charge our clients for any of these services.