Coworking space is a model of provisions which helps individuals to work independently as well as collaboratively in a shared office space. Normally, the people who work in a Coworking space are self-employed professionals mostly freelancers or telecommuters. However, over the period, the Coworking spaces have been popularly used by small and growing business companies as well as business start-ups. The spaces, equipment and amenities, services and working environment provided by the established Coworking spaces such as The Hive attract the small and growing companies as well as the business start-ups which they would not have been otherwise capable of providing to their employees.
In course of time, big corporate houses across the world also started using Coworking spaces not because of the spaces, equipment and amenities, services and working environment that are typically required by the small and growing companies as well as the business start-upsbut because of growing their business. However, it is also true that the big business houses need extra spaces, office equipment and amenities for their new employees in the process of their business growth which they ultimately get for lower cost from the Coworking spaces. But the primary reason for big corporate houses getting involved in Coworking spaces is to grow their business through the collaboration of various professionals and their network and the community of the Coworking spaces.
The typical features available for the co-workers in a Coworking space include shared workspaces, rented or reserved desks or rooms, conference or board rooms, and 24/7 accessibility. In addition to this, the co-workers also get communal copier and printer and fax facilities, wi-fiinternet facilities, PBXsystems or Private Branch Exchange systems, and shared bathrooms, kitchen and lounges facilities.
The Coworking spaces are owned and run by various business models. Some Coworking spaces are run by non-profit organizations who charge just enough to run the operation of Coworking spaces. Other Coworking spaces charge through membership as well as fee structure. They charge a flat rate for a single visit or number of visits per week or month and even year. These Coworking spaces often offer different services as per the need of the individual member and charge accordingly.
Many established Coworking spaces run multiple branches of their Coworking spaces in different locations as well as different cities in different countries. The Coworking space organisations or companies who operate their branches in different countries provide Coworking visas for their members.