A guest post from Len Kendall is the founder of CentUp. Prior to starting a company he worked in PR where he helped put out fires and manage digital communications.
There’s a reason we’ve seen a huge influx in coworking spaces the past few years. The economy is changing and with more people displaced from typical 9 to 5 roles, there’s been a boom in entrepreneurship.
Despite the economy improving and people returning to the labor force, a lot of workers are sticking with a more independent lifestyle. Given the rise of automation and productivity increases, the long-term future of “work” points towards independent labor supporting many entities and drawing incomes from several places.
After going through many of the disadvantages of working at home or out of a “free” location like coffee shops, coworking became the best choice for us.
Ultimately, any high growth company will graduate to its own office, but for small startups like ours as well as freelancers, coworking is a great in-between that helps legitimatize the business, makes it easier to generate some cash, and helps easily separate the psychological roadblocks that come with working at home.
A lot of people (myself included) have an immediate startling gut reaction to the idea of paying for a monthly desk, but I strongly recommend every entrepreneur goes through the mental exercise of seeing what’s best for them.
Weigh the costs/benefits of your work space and your work output. If you factor in productivity and potential, your cost savings by working in a “free” environment might not be as good as you assumed. This is just the opinion of one entrepreneur, but my opinion is don’t work at home.
What environments do you work best in?
Call Sean at 414-737-3644 for a tour of the newest west side coworking space in southeastern Wisconsin, Workspace at Bishop's Woods.