Misconceptions about Coworking Spaces

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As the coworking market continues to grow and mature, many businesses are looking for their ideal office space. Coworking spaces have allowed business to grow and expand in a more flexible and creative fashion.

In many metropolis cities, there are at least 10-20 different coworking spaces that are available. Coworking spaces offer the productivity of a traditional work environment, combined with the energy of a start-up incubator.

Demand for coworking spaces have exploded, growing at an average annual rate of 23% since 2010. Given the explosive growth in coworking spaces, there are often misconceptions that new business owners or everyday business people may have.

1: Coworking Spaces are just for startups and freelancers

There is the misconception that coworking spaces are only used by start-ups, entrepreneurs and freelancers aspiring to get their ideas off the ground. In fact, when it comes to coworking space there are no rules; they are flexible and open to everyone. Coworking is a broad-spectrum ecosystem of businesses, where numerous large corporations embrace the concept and are already utilizing these spaces. Companies such as IBM, Philips and Microsoft have already opted for shared spaces and have actively taken advantage of coworking spaces as a way to promote innovative thinking and increase employee productivity.

ECS 153 (Elancer Coworking Space) prides itself in being a cohesive community space which combines diverse industries with companies from different background. We are a foreigner-friendly business which actively seeks to help nurture global talents and business expand around the globe.


2: Coworking Spaces require a long-term contract or lease

According to recent studies, less than 5% of global office spaces are dedicated to coworking. The majority of office spaces offer a tradition lease or ownership model.
However, traditional leases tend to be for a long-term (a three-year lease). Moreover, they can also be expensive and risky for small companies, with contracts termination only allowed in the event event of firm closure or bankruptcy.

ECS153’s members can benefit from flexible leases, at reasonable prices. Once you decide on the type of workspace that best suits your needs, you can avoid upfront fees, large deposits, and the contractual obligations of a traditional lease.


3: All Coworking spaces are the same, they are not unique

Contrary to popular belief, coworking spaces are not all the same. There are specific differences in all coworking spaces options that are available. Coworking spaces offer many different services, community events, global partnerships and even educational seminars to help further build their members resumes. No long are office spaces a place to just get work done, its an environment which promotes good business relationships, while allowing for members to discover new ways of achieving better results.

ECS 153 has a large global partnership network which spans from Asia all the way to North America. This allows members to conduct business meetings, attend business conference and also meet new business partners in many countries around the world. ECS 153 strives to help its members become a better and more global business member to achieve their biggest successes.

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