Categories
Coworking Freelance Office Space

4 Reasons Why Coworking Works For Your Business

4 Reasons Why Coworking Works For Your Business

Fisheries coworking space
The Fisheries, available to book on HotPatch.com

Businesses over the last year have had the opportunity to take a moment of introspection, and a key takeaway is that most companies could be making a greater effort to actively support their workers in making their space work for them.

One simple way this could be done is the potential of ditching the old tradition of leasing permanent office space year after year, in favour of flexible coworks that can fit around employee’s lives and locations.

Here are HotPatch’s top 4 reasons why startups should hire a coworking space.

#1 Easy on the Budget

Permanent office space can be incredibly pricey. But big businesses have historically stuck with them; perhaps largely out of fear that the alternative of WFH or renting coworks would lead to demotivation in staff or a lack of productivity. What 2020 taught us is that assumption is far from the truth.

The market for coworks remains competitive, and the growth in this industry has led to lower overall prices. Hiring a coworking space can offer a cheaper alternative, perfect for a lean startup company.

#2 Communication & Networking

Zoom and Microsoft Teams proved that communication is possible at any distance, but also that miscommunication is possible at any distance too. Internet lag, and bad Wi-Fi has been a contributing factor to frustrations in the workplace at home.

“The danger of miscommunication with fully-remote working is higher, and companies have realized how important it is to have meetings, brainstorming sessions, and social events actually in-person.” — TechRound

While there are some benefits to remote working from home or working in a traditional office, an in-between is proving favourable to a lot of companies. Providing a space where employees want to spend time and be creative, whilst maintaining regular physical interaction is a healthy solution to either extreme.

Coworking spaces bring together like-minded people, and can provide an excellent opportunity to meet individuals from across a range of industries.

You may meet eventual clients, partners, investors, suppliers, or simply have the chance to trade tips and tricks learned from your own unique business experiences. Many coworking spaces offer exclusive events for this very purpose. Who knows who you might meet in one of our Patches.

Coworking space

#3 Attract the Best

Your business is obviously seeking the top talent out there. But now the top talent has realized they have a choice between a company that allows them to work anywhere, and one that will keep them commuting to an office in an awkward and potentially far-out location.

Allowing your employees to choose their own coworking locations, or having a private office in a coworking space, may very well be the tipping point for talent in choosing your company over a business with more stubborn office space practices.

“HotPatch makes it incredibly easy and simple to be able to do things physically and feel connected to my team in person, after living fully digital!” — Natasha, modelme, London

#4 Flexibility

A standard office lease can be hundreds of pages, whereas coworking agreements are often only 3 to 4 pages. Deciding upon an office space for the next 15 years can be an unnerving prospect with the implicit uncertainty in the world of business. Coworking spaces allow you and your company to be more agile in the way you work. Flexibility is also key when it comes to what you need, maybe you just need a meeting room to hire in London for the day? Maybe it’s hiring a coworking space for a week? Or maybe you just really to rent a desk nearby. Freedom to choose always wins.

It also means you can scale easier within a single cowork, renting only the hot-desks you need when you need them.

Different businesses

A coworking or a hybrid coworking model may very well be the future for a lot of businesses, big or small.

Coworks are affordable, can improve communication and agility, plus they provide opportunities for networking and retaining talent, and may just be the secret sauce in taking your startup to new heights.

If you’re looking for space, HotPatch has the Patches you need.

Check us out at HotPatch.com

Reach out to us online or on our social media channels:

Instagram: @HotPatch_ | Twitter: @HotPatch_ | Linkedin: HotPatch

Categories
Coworking Office Space

Happy “lockdown-iversary”, what’s next for workspace?

Happy “lockdown-iversary”, what’s next for workspace to rent?

Can you believe that it is a year since the UK was first placed under lockdown? How strange a world.

Our streets deserted, shops closed, the vibrant sound of birds chirping in the trees. Zoom became the platform for many of our interactions, we exercised at home, exhausted Netflix, and all the while lived in uncertainty and despair at the thought of the wellbeing of our friends, family, and jobs.

Our daily routines changed. The commute to work, making a brew for our colleagues, and grabbing a sandwich at lunch turned into an extra hour in bed, joining an online meeting in our pyjamas, and warming up last night’s leftovers to enjoy whilst watching mid-afternoon television.

Soon, we longed to return to normality: to walk around uninhibited, to see our loved ones, and to share workspace with our colleagues.

Building and sustaining relationships with family, friends, colleagues, and clients requires a physical environment. The emotional benefits of bonding, learning from one another, and collaborating is much easier harnessed in a shared workspace.

Remote working, or indeed in many cases, not being able to work, has had many adverse effects. Though we can replicate many of the office or other workspace rituals from our homes, we do suffer from a lack of face-to-face interactions. Motivation drops and so too the great sense of community that we feel in a workspace shared with others.

We may never return to ‘normality’. Our work practices may become split between home and the office, or the way in which we share workspace may be more measured than we remember. Bank of England governor Andrew Bailey has recently said that, “… for many people there will be more of a hybrid model of working from home and working in a place of work.”

Our workspaces will be designed to support flexibility and choice. Companies will arrange a broader ecosystem of work sites that may include regional offices, co-working spaces, and home to support increasing and ongoing mobility. The workspace will have new purpose: to be the site for community, culture and collaboration. Less time will be spent on focused tasks while on-site and more time dedicated to the three ‘Cs’ above. The physical appearance of workspaces will adjust to reflect this change.

Though much has changed in the last year, and many more changes are to be implemented as we work out the best way to work, the workspace will continue to be an important hub for many of us. We hope that with restrictions slowly being lifted, and as we reintegrate society, that we can continue to Make Space Work.

Want to chat to us about your experiences of work and home-life during lockdown?

Reach out to us online or on our social media channels:

Instagram: @HotPatch_ | Twitter: @HotPatch_ | Linkedin: HotPatch