When starting a business, there are numerous expenses to consider. Office space is one of them. Startups often face the dilemma of deciding to work virtually, rent short-term space or rent long-term space. While startups are unpredictable, you might want to consider a less permanent, yet more feasible solution–coworking. This is why you should consider the pros and cons of coworking.

What is a coworking space?

It is a style of work that involves a shared working environment, yet independent activity. Unlike the typical office environment, a this space is generally shared by individuals from different organizations and professions.

Pros

1. Sense of Community
2. Encourages Creativity
3. Networking Opportunities
4. A Professional Setting
5. Low Maintenance Requirement
6. Less Expensive and Less Risky Than Private Office Rental

Cons

1. Distractions
2. Hard to Define Your Culture
3. Competition
4. Less Private Space

While coworking has its numerous benefits, make sure to consider the negatives before committing to something. This type of shared office space might not be everyone’s cup of tea, so make sure to do your research to find out what will work best for your startup.