Working from Home versus Co-working Spaces: Which is better?

Whether you are an entrepreneur or a freelancer, 2018 is the best time to think about coworking. Working from home has caught on especially since more technical jobs are now available online. Last year, Flexjobs reported that 2.9% of the U.S. workforce operates from home. The place you decide work in depends on your preferences and reflects in the quality of your task.

Working from home

Who doesn’t want to lounge around at home all day? It’s not all unicorns and rainbows though. Think long and hard before you make this decision.

Pros

Regular bills

Your utility bills probably won’t fluctuate significantly if you begin a home-based business or freelance from home. The exception would be tasks that require excessive use of electricity or internet bandwidth.

Personal facilities

Since you already own everything inside your home, you’ve bought what’s ideal for you and you won’t have to share. The level of customization is nothing like you’ll find elsewhere.

Travel savings

A surprising number of people let go of their dream jobs if their travel costs exceed their budget. There’s no waste of time spend on a bus or train either for a home-based worker.

Time freedom

Many people work multiple jobs and have to juggle them carefully to maintain work hours. You’ll never be late if you’re working from your residence.

Cons

Business type

Unfortunately, not every kind of business may be run from home. You may need a certain setup you cannot install at home or you might not be able to afford it.

Missing facilities

An office is specifically designed to fulfill the demands of a regular business. A common house or flat is meant for living not work.

Limited space

Equipment might not fit at your place and there probably won’t be any rooms designated for meetings. If you want to schedule a meeting with several people, can you accommodate them?

Distractions

Even if you live alone, you have neighbors and acquaintances dropping by. If you live with family members, it’s hard to concentrate.

Responsibilities

If you work at home assuming it’s convenient, remember that you might be overburdening yourself. You might struggle managing it all alone.

Coworking office

A shared office can help out several people offering mutual benefit but learn the rules first.

Pros

Ready-made office

A fully furnished office is ideal for those who cannot afford the equipment or facilities. It could save you quite a bit of money.

Necessities

The essentials provided are mentioned on the coworking office listing. Most of them offer basic facilities and more.

Special perks

Many offices have an office boy to run errands and assist you in simple tasks. There are also printing machines, reserved parking, etc.

Location choices

You don’t have to venture far from home to select a coworking office. You may want to be closer to your target audience for market research.

Teamwork

Look for a coworking place that has enough to accommodate your entire team. You can maximize productivity this way.

Professionalism

Its’ difficult to recreate a professional atmosphere at home but coworking allows you to excel in a pleasing office environment.

Networking

You’ll meet potential partners, employees, consumers and consumers in a mixed coworking office. This saves you time, money and energy.

Cons

Limited options

Picky people could have trouble finding the perfect location that has all the features they desire. The good news is that coworking is gaining popularity fast.

Budget issues

The coworking spot you select might be perfect yet pricey. Naturally, some areas are more expensive than others. Some provide wonderful extra features with a higher cost than simple ones.

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