The Work-life Insight
Having trouble recruiting in this tight labor market? Your remote workers might be more inclined to work for you if you offer a coworking option.
If you picture “coworking” as a group of tech-startup millennials sitting around on second-hand furniture in a common space, think again. Today’s professional coworking sites attract a diverse array of companies and individuals as members. Most also provide chic environments with such amenities as 24/7 access, custom coffees and teas, honor bars and cafes, high-tech security, private offices, workout facilities, high-end furnishings, social and networking events, learning opportunities and much more.
“Coworking” is typically defined as membership-based workspaces where diverse groups of freelancers, remote workers, and other independent professionals work together in a shared, communal setting. As these alternative work settings have matured, they’ve begun to attract large enterprise clients who see these spaces as a solution to some of the tough challenges they face.
Thinking of getting in on the ownership or management side of this trend? We can share some of our experiences and the lessons we’ve derived as we’ve grown Gather, our own new network of coworking spaces.
You can recruit from diverse geographic locations
Sometimes, large organizations are unable, or don’t choose to, entice enough workers to work at their corporate-headquarter locations. But this no longer has to be a setback. Motivated by the tight labor market and enabled by technology, organizations are now recruiting talent from outside their (limited) backyards.
Professional coworking provides a home to many of these far-flung teams and individuals.
One reason why this works for remote workers is that they appreciate the more structured work setting which coworking provides. There are also studies that show that certain workers are more productive, happier and more creative in an office environment. These workers want to avoid the social isolation that can accompany working from one’s kitchen table. Finally, coworking provides the types of amenities these employees would find if they worked at a corporate headquarters.
For example, our Gather membership has included employees from Google, Citibank and International Paper, to name just a few.
You can fuel creativity.
Large organizations sometimes find that coworking’s collaborative environment boosts the creativity of its teams. Moving your development, research, marketing, design or other teams from a more bureaucratic corporate environment to a coworking culture can breathe new life into these creative types.
Additionally, collaborating with other coworkers from outside the corporate team can spark new ideas. Whether they’re making a permanent move or seeking an alternative space for meetings, events or an occasional day away, employees often find the change of environment energizing.
Gather often hosts meetings for our local Fortune 500 companies, universities and colleges and other large organizations. We also make a permanent home for creative teams from the likes of PRA, Red Hat and others.
You can provide client companies an easy means for expansion.
Larger organizations looking to expand into a new market often use coworking to assist in that leap. These large firms will make a temporary headquarters using coworking and focus on growth, leaving the minutiae of setting up an office to the coworking company.
Coworking also gives these rapidly expanding organizations the flexibility to take more space, as needed, until they reach a point where finding offices outside of coworking makes sense. These geographic moves often start with one person, then quickly grow into teams of five, ten or more.
Professional coworking can normally accommodate teams ranging from 1 to 20 or more. These types of members at our coworking locations include Hickok Cole, an architecture firm from Washington, D.C.; Diversant, an IT staffing company from New Jersey; and Accuvein, a medical technology company, from New York.
You can help companies be more cost-effective.
While, on average, coworking’s cost per square foot exceeds that of renting traditional office space, when you dig, the numbers make sense for many large organizations.
A typical commercial lease length is between three and five years. And that can help companies, which tend to have a hard time projecting exactly how much space they will need in the coming months or years.
Consequently, they’ll often take more space (at least initially) than is necessary. Coworking organizations can be more flexible. Membership agreements at most professional coworking organizations range in length between 30 days and one year. This gives corporate clients the flexibility they need to scale up or down, paying only for the space they need that month.
If employees are more productive, happier and retain longer in coworking environments, then the potential savings in hiring costs and the benefits of increased productivity add to the case for coworking. This is why we concur with one of our local economic development directors, Garret Hart, who recently said, in an address to our local business community, “Coworking is the way work is going.”
We concur even more with Bernice Boucher, managing director of workplace strategy at JLL. She said: “With a growing number of companies becoming curious about shared space, it’s only a matter of time before coworking becomes an integral part of the corporate real estate toolkit.”
For all these reasons, if you run a large organization, perhaps you too should take a hard look at the benefits that teaming up a professional coworking organization as a strategic partner can bring.
Credit:
Post Author: Doug and Polly Whit
Website: entrepreneur.com
Companies considering how to invest in AI capabilities should first understand that over the coming five years applications and machines will become less artificial and more intelligent. They will rely less on bottom-up big data and more on top-down reasoning that more closely resembles the way humans approach problems and tasks. This general reasoning ability will enable AI to be more broadly applied than ever, creating opportunities for early adopters even in businesses and activities to which it previously seemed unsuited.
In the recent past, AI advanced through deep learning and machine learning, building up systems from the bottom by training them on mountains of data. For instance, driverless vehicles are trained on as many traffic situations as possible. But these data-hungry neural networks, as they are called, have serious limitations. They especially have trouble handling “edge” cases-situations where little data exists. A driverless car that can handle crosswalks, pedestrians, and traffic has trouble processing anomalies like children dressed in unusual Halloween costumes, weaving across the street after dusk.
Many systems are also easily stumped. The iPhone X’s facial recognition system doesn’t recognize “morning faces”-a user’s puffy, haggard look on first awakening. Neural networks have beaten chess champions and triumphed at the ancient Japanese game of Go but turn an image upside down or slightly alter it and the network may misidentify it. Or it may provide “high confidence” identifications of unrecognizable objects.
Data-hungry systems also face business and ethical constraints. Not every company has the volume of data necessary to build unique capabilities using neural networks. Using huge amounts of citizens’ data also raises privacy issues likely to lead to more government action like the European Union’s General Data Protection Regulation (GDPR), which imposes stringent requirements on the use of individuals’ personal data. Further, these systems are black boxes-it’s not clear how they use input data to arrive at outputs like actions or decisions. This leaves them open to manipulation by bad actors (like the Russians in the 2016 U.S. presidential election), and when something goes embarrassingly wrong organizations are hard put to explain why.
In the future, however, we will have top-down systems that don’t require as much data and are faster, more flexible, and, like humans, more innately intelligent. A number of companies and organizations are already putting these more natural systems to work. To craft a vision of where AI is heading in the next several years, and then plan investments and tests accordingly, companies should look for developments in four areas:
More efficient robot reasoning. When robots have a conceptual understanding of the world, as humans do, it is easier to teach them things, using far less data. Vicarious, a Union City, CA, startup whose investors include Mark Zuckerberg, Jeff Bezos, and Marc Benioff, is working to develop artificial general intelligence for robots, enabling them to generalize from few examples.
Consider those jumbles of letters and numerals that websites use to determine whether you’re a human or a robot. Called CAPTCHAs (Completely Automated Public Turing tests to tell Computers and Humans Apart), they are easy for humans to solve and hard for computers. Drawing on computational neuroscience, researchers at Vicarious have developed a model that can break through CAPTCHAs at a far higher rate than deep neural networks and with 300-fold more data efficiency. To parse CAPTCHAs with almost 67% accuracy, the Vicarious model required only five training examples per character, while a state-of the art deep neural network required a 50,000-fold larger training set of actual CAPTCHA strings. Such models, with their ability to train faster and generalize more broadly than AI approaches commonly used today, are putting us on a path toward robots that have a human-like conceptual understanding of the world.
Ready expertise. Modeling what a human expert would do in the face of high uncertainty and little data, top-down artificial intelligence can beat data-hungry approaches for designing and controlling many varieties of factory equipment. Siemens is using top-down AI to control the highly complex combustion process in gas turbines, where air and gas flow into a chamber, ignite, and burn at temperatures as high as 1,600 degrees Celsius. The volume of emissions created and ultimately how long the turbine will continue to operate depends on the interplay of numerous factors, from the quality of the gas to air flow and internal and external temperature.
Using bottom-up machine learning methods, the gas turbine would have to run for a century before producing enough data to begin training. Instead, Siemens researchers Volar Sterzing and Steffen Udluft used methods that required little data in the learning phase for the machines. The monitoring system that resulted makes fine adjustments that optimize how the turbines run in terms of emissions and wear, continuously seeking the best solution in real time, much like an expert knowledgeably twirling multiple knobs in concert.
Common sense. A variety of organizations are working to teach machines to navigate the world using common sense-to understand everyday objects and actions, communicate naturally, handle unforeseen situations, and learn from experiences. But what comes naturally to humans, without explicit training or data, is fiendishly difficult for machines. Says Oren Etzioni, the CEO of the Allen Institute for Artificial Intelligence (AI2), “No AI system currently deployed can reliably answer a broad range of simple questions, such as, ‘If I put my socks in a drawer, will they still be in there tomorrow?’ or ‘How can you tell if a milk carton is full?'”
To help define what it means for machines to have common sense, AI2 is developing a portfolio of tasks against which progress can be measured. DARPA is investing $2 billion in AI research. In its Machine Common Sense (MCS) program, researchers will create models that mimic core domains of human cognition, including “the domains of objects (intuitive physics), places (spatial navigation), and agents (intentional actors).” Researchers at Microsoft and McGill University have jointly developed a system that has shown great promise for untangling ambiguities in natural language, a problem that requires diverse forms of inference and knowledge.
Making better bets. Humans routinely, and often effortlessly, sort through probabilities and act on the likeliest, even with relatively little prior experience. Machines are now being taught to mimic such reasoning through the application of Gaussian processes-probabilistic models that can deal with extensive uncertainty, act on sparse data, and learn from experience. Alphabet, Google’s parent company, launched Project Loon, designed to provide internet service to underserved regions of the world through a system of giant balloons hovering in the stratosphere. Their navigational systems employ Gaussian processes to predict where in the stratified and highly variable winds aloft the balloons need to go. Each balloon then moves into a layer of wind blowing in the right direction, arranging themselves to form one large communication network. The balloons can not only make reasonably accurate predictions by analyzing past flight data but also analyze data during a flight and adjust their predictions accordingly.
Such Gaussian processes hold great promise. They don’t require massive amounts of data to recognize patterns; the computations required for inference and learning are relativity easy, and if something goes wrong its cause can be traced, unlike the black boxes of neural networks.
Though all of these advances are relatively recent, they hark back to the very beginnings of AI in the 1950s, when a number of researchers began to pursue top-down models for mimicking human intelligence. But when progress proved elusive and the rich potential for bottom-up machine learning methods became apparent the top-down approach was largely abandoned. Today, however, through powerful new research and computational techniques top-down AI has been reborn. As its great promise begins to be fulfilled, smart companies will put their money where the mind is.
Credit:
Post Author: H. James WilsonPaul R. DaughertyChase Davenport
Website: https://hbr.org
Coworking Trends for 2019 That You Should Know
Coworking Spaces have been there for more than a decade now and the coworking search trends suggest it is going to grow beyond what anyone can expect. In this post about Coworking Trends 2019, we suggest some new changes that will affect the coworking concept to make it even better.
Coworking Trends For the Year 2019
Scroll through for the latest coworking trends and prepare for the future.
Technology
Coworking Trends in 2019 suggest that space owners are more focused on technology. Earlier, many spaces had to hire managers for day shift and then for the night shift to help coworkers who would pop in anytime. Technology has taken over in such a way that there will be no need to hire even a single manager to take care of the coworking space. Access cards, coworking space management software, booking system, attendance system, automated invoices, time trackers etc. have all become so advanced that you just need to see your revenue at the end of the week or maybe at the end of the month. All human interference and hassles have been outgrown.
Multiple Locations
As per coworking trends, people tend to opt for a space that has more than 1 location within a city since they get a choice to work at any of the locations. Frequent travellers or businessmen tend to opt for coworking spaces that have multi-city locations. If you are coworking space, it is time to grow and branch out. If not, then you should definitely be a part of some coworking passport programme which allows the cardholder to use a designated number of hours at any participating coworking space.
Space Design
If we’d have to name one thing about coworking spaces that they are known for, then it would be their interiors. The design is so well prepared and executed that a person falls in love with space in the first look. But a detailed research on Coworking Trends suggests that this is getting better day by day. We have a couple of new coworking spaces opening up on this earth every day and it is the space design which is getting better day by day.
Sitting desks, standing desks, sofas, couch, bean bags are all normal. Moreover, we know that almost all shared office rental space provide coworkers access to recreational activities within their office space. A sports room with foosball, table tennis, chess board are all things of the past. The coworking space design has evolved in a much brighter way. Check out this picture of swings in a coworking space to understand how creativity is changing the traditional coworking spaces.
Additional Out of Box Services
As per the latest Coworking trends, shared office spaces have started to provide many additional services to their coworkers just like a big corporate company provides its employees. Some ongoing trends in coworking spaces for 2019 include babysitting, a chartered accountant for your startup, making office space pet-friendly, bank tie-ups for a loan, business account etc.
If a coworking space is missing out on these basics and does not go the extra mile for its clients, it might soon start losing out customers to newly opened spaces.
Niche Coworking Spaces
There are cities in the world that house over 100 coworking spaces and most of them are fully occupied. The trend of niche coworking has already been introduced and is sure to grow further. What niche coworking means that you target a particular segment. If we’d had to explain it with an example that just imagine – a coworking space for artists, only for females, for developers and coders, coworking space especially for writers, photographers and so on.
Such coworking spaces are designed in a way to attract only that segment and have all the facilities that a professional in that field might need. Since coworking is all about creating a community, as per recent trends, these niche coworking spaces have created quite strong communities.
Connection to Nature
Trends suggest that coworking spaces are getting more inclined towards greenery. A space that has ample plants, flowers and well maintained green walls are somehow more attractive to coworkers. Coworking trends suggest that new design concepts have also started to include an artificial waterfall, stones, beaches like structures and other things that depict nature within the space.
Community, Culture & Classes
People come to coworking spaces to work but as per recent trends in coworking culture, there much more than workspace that is needed. From weekly lunch to events and from yoga classes to meditation sessions, all are becoming a part of the coworking concept. These activities are optional and often occur over the weekend but the good thing is that they add up to the long list of offerings that your coworking space provides.
The Corporate Shift
Earlier coworking spaces were meant for freelancers, solo entrepreneurs or small businesses but now days even corporate companies are exploring coworking spaces for their employees. This shift is happening for the good as it is building more trust in coworking spaces. One coworking trend to look out for in 2019 is to make your coworking space corporate friendly. You should be able to customize it and differentiate between open area, small personal office space for rent and lounge area.
Digital Marketing
Last but not least. The major coworking trend that is picking up quite fast is digital marketing. No matter how well space has been built, no matter the location of the space, your space will not attract coworkers until and unless you spread the word. As search trends for coworking spaces on search engines are increasing, so are the efforts of digital marketing. Owners and managers now understand that a single person who joins the space is a long-term customer. No matter the acquisition cost of a coworker, it actually pays off in the long run. If you are still not running ads on social media and search engines, you need to start doing it.
Moreover, investing in a photo shoot of your coworking space or getting a professional video will always be a great investment.
Coworking trends may vary from region to region and even from time to time. The above mentioned 10 trends are the ones that might guide the coworking culture for the year 2019 and make it future ready. In order to succeed and offer something different to your clients, you need to up the game in an ethical way. One way to stay in the loop is to keep following such trends on Coworking Mag.
Credit:
Post Author: Ajay Deep
Website: https://coworkingmag.com/blog/
Employee engagement is critical to the sustainability of your company. You can define it by the extent to which employees commit to someone or something in their organization, how hard they work, and how long they stay as a result of that commitment. Employee engagement lends itself to better customer engagement, sales and profits. Ultimately, employee engagement boosts the bottom line.
A 2018 Dale Carnegie study on employee engagement identified three types of employees: engaged, unengaged, and actively disengaged. Engaged employees drive company initiatives and move the organization forward. I call these individuals “influencers.”
The second group, the unengaged employees, do the minimal work to keep their job. They’re not bad; they just exist. I often call these people “retiring in place.” This group may be the most pivotal, since your goal should be to help these people move to the first group.
The final group, which is the most difficult and the most toxic to your current culture, are the actively disengaged employees. They have negative attitudes, they can be disruptive and their negative energy affects those around them.
Just because an employee has been with your organization for many years doesn’t mean he or she is continuing to add value. Think about the employees whom you consider the backbone of your company. These employees are highly committed, dedicated and motivated. Your goal should be to create a culture that encourages employees to stay and engage, which feeds into what I call team synergy.
Your goal should be to create a culture that encourages employees to stay and engage.
Start by asking what your company values. Your mission statement should provide a guideline for the behavioral style, work ethic and priorities you desire in your employees. This understanding helps facilitate interviews, so that you’re hiring people who buy into your culture. It’s also important to incorporate these values into the daily lives of your employees, so you can retain engaged employees who believe in these values.
With respect to organizational structure, researchers and practitioners have identified six elements that lead to an engaging team environment:
- You need a clear vision for your desired outcomes as a team.
- The vision must be filtered down to all levels of the organization and operationalized.
- You need ongoing training and a learning environment.
- You need decision-making authority within the team.
- You need team-based rewards and evaluations, or what I call “process goals.” If you have a big goal for your team, break it down into small, manageable steps, and establish rewards along the way. That approach encourages positive behavior change and keeps people motivated. (As an analogy, if you set a goal to lose 50 pounds, but the only time you received reinforcement was when you lost the entire 50 pounds, your goal would be pretty daunting.)
- Lastly, you need a culture that’s open to various ideas and perspectives.
What constitutes a great team? Here are six elements that I’ve found differentiate great teams:
- Aligned values: What motivates the individuals must align with the team’s goals and motivations. When considering your organization’s core values, also consider how they translate into behavior.
- Trust: Team members must know they can count on each other to get the job done correctly and that as a challenge crops up, they will have each other’s backs.
- Respect: Individuals need self-respect for their own ability to contribute as well as respect for other team members’ abilities.
- Communication skills and the format to communicate
effectively: A strong leader will facilitate those conversations. - Passion: A great team is made up of committed people who believe in what they’re doing and whose goals align
- Soft skills: Technical – and technological – expertise is a necessary but insufficient ingredient for leadership that cultivates great teams and employee engagement.
The process of evaluating your company’s culture requires assessment of employees and determining the factors influencing employee engagement. Ask yourself what changes you can make to motivate and reenergize those employees who have a history of being productive members of your team but are no longer engaged. These investments in human capital provide a huge ROI because they create loyalty in your employees and thus in your customers. Investing in your employees and creating employee engagement is essential to your bottom line.
Investing in your employees and creating employee engagement is essential to your bottom line.
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Post Author: Denise Federer, Ph.D.
Website: https://trainingindustry.com/blog/
As a business coach for millennial entrepreneurs, I regularly encounter young creatives who feel defeated, burnt out and frustrated with their work. And honestly, I can’t blame them. With today’s competitive advertising platforms, algorithmic inconsistencies on social media and an overload in content creation, it’s harder than ever to stand out and scale an online business with confidence.
That’s why I asked four seven-figure millennial entrepreneurs to share their best insights on how they continue to grow and reach new milestones in their businesses against all odds. Use this advice to gain clarity, inspire action and think outside of the box to manifest massive change.
1. Invest in the right team members.
A common theme I see amongst young successful entrepreneurs is their ability to choose business partners and team members with strengths that can be leveraged for success.
“The reason that my business reached a million dollars in revenue within three months of launching was because I had a strong business partner with essential skills that I lacked,” says Irina Wynn, CEO and founder of World Microblading and Fab Life Society. “He excelled at paid media and business development, so having him on my team allowed me to focus on the creative and branding aspects so much more. The truth was that I already had an offer people needed, but my business partner helped position me as the go-to choice in my niche through ads and essentially become the Category King,” Wynn says.
Ultimately, it’s impossible to grow if you’re capped out on your time, your energy and your resources, so having the bravery to step out of your comfort zone and bring others into your vision is often the key you need to experience a major breakthrough.
2. Stop overcomplicating your success.
While building the necessary skill sets to scale your business is often a steep learning curve, nothing is more challenging than rewiring your mindset for success. But if you’re able to make certain mental shifts and continually strengthen that muscle, you’ll see that the only thing standing in your way is your own self-doubt.
Jeremy Adams, the co-founder of Prestige Food Trucks and CEO of Unicorn Innovations, credits his multimillion-dollar ventures to his simple belief that he could do it. “What most people don’t realize is how simple it can be to reach seven figures. You can sell 100 $10,000 items to get to a million, or 10 $100,000 items to get to a million. I simply chose to enter an industry where the average customer pays $1 million per year. It started with believing that I could and not overcomplicating it.”
3. Always evaluate the quality of your product.
Shaan Patel, the CEO and founder of a Mark Cuban-funded company, PrepExpert, says that your business will never grow if your product isn’t essential to helping others.
“There are three key elements attributed to hitting seven figures: 1) Product, 2) Product, 3) Product,” he says. “Focus on creating the best possible product or service for your customer. The better the user experience that a person has with your product, the more likely they will tell a friend or colleague about it. Word of mouth is worth 10x more than any paid marketing you can do for your product or service. In fact, for the first five years of my business, I didn’t do any marketing for Prep Expert. Yet, the company still doubled revenue every year. Why? Because the SAT and ACT classes are so good that students would tell their friends about the score improvements, college admissions and scholarships they got! Word of mouth is key to building any seven-figure business. By building a better product, you are building the marketing directly into the product.”
4. Leverage the power of your local community.
If you’re stuck in a sales rut, one of the best things to do is to look outside of the box, reconnect with your brand values and create new ways for your ideal customers to pay you.
That’s how Johnathan Grzybowski, co-founder of digital marketing agency, Penji, was about to hit seven figures in his business. “Back in November of 2017, we were having trouble enrolling new customers. Being a community conscious startup, we’re always seeking new ways to support our local community, so we came up with an idea,” he says. “We decided to create a new offer that serviced qualified local nonprofits for only $1 per month. The program gained local notoriety and shortly after, top influencers and leaders within our local network championed us by introducing their friends and business colleagues to our business. Most of our sales within our first year came directly from positive praises that stemmed from us giving our service away for free to nonprofits.”
As you can see, reaching accelerated results in your business is often so much simpler than you think—all it requires is for you to step out of your comfort zone, leverage the right teammates to lift you up, strengthen your mindset and dare to do the (seemingly) impossible. You’ve got this.
Credit:
Post Author: Lena Elkins
Website: www.success.com
To make this even more insightful and evident for you, experts have forecasted, that more than 3 million co-workers globally will double by 2022. According to reliable data, co-working spaces have experienced a 2.1% compound annual growth rate in 2021, which is said to escalate to 12% by 2025. With 65% of Americans preferring a hybrid work model, at present, the USA stands third in the top countries with maximum co-working spaces.
Coworking space benefits
The modern way of working and collaborating is co-working. Coworking office space are built to provide their diverse occupants with a productive and interactive atmosphere and are created without corporate limits on what is considered to be an ‘office’ environment that provides flexible memberships to meet most needs. For those seeking to escape the loneliness of a home office or coffee shop, they provide affordable office space. A suite of office-like facilities such as hot desks, private conference rooms, kitchens, coffee and more are offered in these shared workspaces. Usually, the seekers are freelancers, entrepreneurs, start-ups and small teams who want a versatile place to take advantage of.
12 golden benefits of co-working spaces
1.Co-Working Spaces Butcher Overhead Costs
Co-working spaces alleviate financial burdens established in a traditional business structure. Many businesses use a brick-and-mortar format that requires buying or leasing a space. Small businesses with fewer than 12 employees can save around $2,700 monthly by using these spaces versus leasing an office. No complaints there! With such significance in budget cuts, companies can allocate funds to other areas of business.
2.Breaking The Shackles Of Traditional Co-Working Spaces
Many would say the best advantage of working in a co-working space is the freedom and flexibility that comes with it. These typically large facilities have multiple conference rooms, offices, and amenities like gyms, cafeterias and outdoor areas. We at WorkSocial are located on a pier with an amazing view. Imagine taking your break in front of the water. These shared workspaces are curated to make working solutions all-around a business. With the proper planning, entrepreneurs can use these spaces with more liberties than a traditional office and perform with effective tools and support.
3.Co-Working Space Benefits Free Of Cost
Another financial benefit is shared access to co-working amenities and utilities. Co-working spaces offer these within their facilities, once again alleviating financial burdens. Entrepreneurs can work in these spaces without the worry of the internet shut off, replacing office equipment, running out of Keurig cups, or whatever other obstacles occur when in operations alone. It also doesn’t hurt to have a maintenance staff that will take out that trash for you!
4.Co-Working Spaces Provide A Virtual Mailing Address
Aside from having a common workspace, co-working members also share a virtual space. Each member gets their own official virtual email address. As a startup or small business, first impressions are that much more critical when building clientele. A corporate email provides a distinct way to validate the business’ credibility as a report and trust is built.
5.Co-Working Spaces Provide Flexibility Of Space Adjustment
From choosing a desk to scaling up to a larger space, there are many options within co-working spaces. Entrepreneurs have greater flexibility to adjust their space according to current business needs. With the vitality of the business, change is constant. Being in a shared workspace allows for adjustments to be made with increased ease and in an efficient manner.
6.Co-Working Spaces Grant Better Networking Opportunities
Aside from the financial and structural benefits of a co-working space, there is also a social one. With multiple other companies working in an office sharing the same facilities, there are opportunities to network. Connections and collaborations have the potential to arise while working with multiple startups, freelancers, and entrepreneurs of various professional backgrounds.
7.Co-Working Breaks The Monotony Of Work From Home
Working from home is often sensationalized. Freelancers and remote workers fantasize about working in their bed and not having to dress for work. However, people do not consider the many distractions and the lack of encouragement experienced while working from home. At a shared workspace, one is surrounded by other motivated members, focused on their laptops while drinking their coffee, thus creating an environment of productivity while not feeling alone or bored in the process.
8.Co-Working Spaces Foster Comradely And Like-Mindedness
Many freelancers and remote workers also are remised of how lonely working from home can be. Everyone else is at work or school while the freelancer is left to be productive on their own. Even at a traditional job, an individual may experience a sense of loneliness, especially when others do not understand your ambitions. However, at shared workspaces, there is a sense of comradely as there are many like-minded individuals with shared interests working towards common goals.
9.Co-Working Spaces Instigate New Learning Skills
Constant up-gradation and acquiring new techniques and skills is the mantra for sustained success in today’s world. Co-working offers the ideal space where one meets other professionals and learns about the latest business skills that are evolving dynamically and changing the face and pace of business.
10.Co-Working Spaces Provide Unbridled Emotional Support
Co-working space advantages are not just about productivity, but also chances for real connection. Countless opportunities for mentorship, influence and even relationship have surfaced due to the networks built within a shared workspace. These facilities also host various events that allow time to socialize and take a moment to discuss topics besides business.
11.Co-Working Spaces Aid In Boosting Productivity
A workspace offers a non-traditional work environment that boosts productivity. With the best working conditions, members can produce quality work. Many of these offices have central locations that are perfect for coordinating any meetings, events, and other various activities.
12.Co-Working Spaces Helps You Strike A Work-Life Balance
In recent times, the art of slow-living has been popularized, and step one to initiate this process is to strike a work and lifestyle balance. Co-working spaces provide employees with a dedicated workspace that is close to home, so balancing work and personal life becomes feasible. Through co-working spaces, employee burnout rates can be avoided thereby resulting in higher productivity.
Co-working spaces for remote workers
Getting more dynamic, coworking spaces now pampers your business’s requisites by offering digitally sound, virtual offices. With the world seeing a new dawning of the ‘new normal’ companies worldwide have opted for virtual offices and gone beyond the physical realms for their business’s address. Now co-work from anywhere with virtual offices that let you own space for your business remotely thereby curtailing a lot of extra expenses for renting a physical space.
A lasting trend
The ongoing pandemic has had a lasting impact on the smooth conduct of businesses globally, especially affecting co-working spaces, due to the contactless- lockdowns that were in play. It has been proven that conducting businesses remotely has done a business more harm than good. The necessity of co-working spaces stems from an attempt to revive dwindling business on a global scale.
Getting more dynamic, coworking spaces now pampers your business’s requisites by offering digitally sound, virtual offices. With the world seeing a new dawning of the ‘new normal’ companies worldwide have opted for virtual offices and gone beyond the physical realms for their business’s address. Now co-work from anywhere with virtual offices that let you own space for your business remotely thereby curtailing a lot of extra expenses for renting a physical space.
This trend in work structure is gaining trajectory for startups, remote workers, freelancers, small to medium businesses, and others. With all the benefits of using shared workspaces, it is no wonder new businesses are turning to this method. If you are in this niche of business, you may want to consider a co-working office. Avoid the hassles of leasing space and the burdens that come along with it. Be open to a new work model that will provide a path to your booming business along with your best self.
WorkSocial: Airbnb office space and workspaces
From offering desks to private offices and meeting rooms, our world class workspaces have the perfect accommodations for your organization. At WorkSocial you have all you need to run a business. Our Airbnb office space solution will fulfil all your workspace needs with the plan flexibility and pricing that’s to your liking. Talk to our team now to select the best office that perfectly suits you and your team!
Airbnb Workspace For All Team Sizes
The innovation behind airbnb business solutions spaces makes workspace resources available to all types of companies. Whether you’re running a startup or leading an executive team, WorkSocial has a space designed for you. Every company at any status can benefit from WorkSocial in the northeast metropolitan area. Stick to your budget while taking your business to the next level in a shared airbnb for workspace that inspires and motivates your team. WorkSocial is the right place to give your ideas shape and mold it into a thriving company. Save the costs of overhead and traditional office costs while renting the perfect office for your team.
Private Office Space
Private office spaces for rent at WorkSocial provide the luxury of a more focused work experience with opportunities to socialize at your will. Have a space of your own at a reasonable cost. Perform your daily tasks peacefully and comfortably without distractions and interruptions. Imagine a lock-key office with a city view, personal phone, privacy panel and more for a productive work day! All this is available at WorkSocial airbnb for office space as we support your business needs in open and private workspaces.
Airbnb for Workspace Solution
Coworking spaces are a unique experience that present opportunities for people of diverse backgrounds to unite and pursue their dreams. Also, our airbnb work spaces offers board rooms, conference rooms, training rooms, meeting rooms, shared offices, single desk rooms, interview rooms and presentation rooms. With our top-notch professional services, you can rent coworking spaces for any career purpose. It can be for employee gathering, off-site meetings, training, and even consultations. Get in touch with WorkSocial- we’re in Jersey City and New York City! Start to save and connect more by renting coworking spaces.
Airbnb for office space
We have everything you require to run your company efficiently.
Sweating the small stuff is what we do. Keep focused on growing your business and enjoy the financial and social benefits of a shared airbnb office rental through coworking! Office essentials and WorkSocial perks are at your beck and call to confidently show up for your airbnb business space. Come visit us today and see why you should take that next step in your career with WorkSocial.
Some of the most potent innovation taking place today does not involve breakthrough technologies… but rather the creation of fundamentally new business models.
For most of history, these models were remarkably stable, dominated by a few key ideas, upgraded by a few major variations on these themes.
In the 1920s, it was the “bait and hook” model, where customers are lured in with a low-cost initial product (the bait: a free razor) and then forced to buy endless refills (the hook: blade refills).
In the 1950s, it was the “franchise model” pioneered by McDonald’s. Or take the 1960s, where we got “hypermarkets” like Walmart.
But with the internet’s arrival in the 1990s, business model reinvention entered a period of radical growth.
In less than two decades, we’ve seen network effects birth new platforms in record time, Bitcoin and blockchain undercut existing “trusted third party” financial models, and crowdfunding upend the traditional ways capital is raised.
We are now seeing 7 emerging models slated to redefine business over the next few decades.
And today, while countless businesses are anchored by a mentality of maintaining—competing solely on operational execution—it is more vital than ever to leverage these business models for success in the 2020s.
Each is a revolutionary new way of creating value—each is a force for acceleration.
The Crowd Economy
Crowdsourcing, crowdfunding, leveraged assets, and staff-on-demand—essentially, all the developments that leverage the billions of people already online and the billions coming online.
All have revolutionized the way we do business. Just consider leveraged assets, like Uber’s vehicles and Airbnb office space , which have allowed companies to scale at speed. These crowd economy models also lean on staff-on-demand, which provide a company with the agility needed to adapt to a rapidly changing environment. And it’s everything from micro-task laborers behind Amazon’s Mechanical Turk on the low end, to Kaggle’s data scientist-on-demand services on the high end.
Example: Airbnb has become the largest “hotel chain” in the world, yet it doesn’t own a single hotel room. Instead, it leverages (that is, rents out) the assets (spare bedrooms) of the crowd, with more than 7 million rooms, flats, and houses in over 100,000 cities across the globe.
The Free / Data Economy
This is the platform version of the “bait and hook” model, essentially baiting the customer with free access to a cool service and then making money off the data gathered about that customer. It also includes all the developments spurred by the big data revolution, which is allowing us to exploit micro-demographics like never before.
Example: Facebook, Google, Twitter—there’s a reason this model has transformed dorm room startups into global superpowers. Google’s search queries per day have risen from 500,000 in 1999, to 200 million in 2004, to 3 billion in 2011, to 5.6 billion today. While more users are becoming aware of the valuable data they exchange in return for Google’s “free” search service, this tried-and-true model will likely continue to succeed in the 2020s.
The Smartness Economy
In the late 1800s, if you wanted a good idea for a new business, all you needed was to take an existing tool, say a drill or a washboard, and add electricity to it—thus creating a power drill or a washing machine.
In the 2020s, AI will be the electricity. In other words, take any existing tool, and add a layer of smartness. So, cell phones became smartphones and stereo speakers became smart speakers and cars become autonomous vehicles.
Example: We all know the big names incorporating AI into their business models—from Amazon to Salesforce. But more AI startups arise each day: 1,000 AI-related companies in the US raised over $27B in venture capital in 2020, according to Pitchbook. One of the most highly valued of those companies is Scale AI, a data-labeling company that supports machine learning teams, currently valued at $7.3B. Expect AI to continue transforming most businesses in the 2020s.
Closed-Loop Economies
In nature, nothing is ever wasted. The detritus of one species always becomes the foundation for the survival of another species. Human attempts to mimic these entirely waste-free systems have been dubbed “biomimicry” (if you’re talking about designing a new kind of product) or “cradle-to-cradle” (if you’re talking about designing a new kind of city) or, more simply, “closed-loop economies.” These models will grow increasingly prevalent with the rise of environmentally-conscious consumers and the cost benefits of closed-loop systems.
Example: The Plastic Bank, founded in 2013, allows anyone to pick up waste plastic and drop it off at a “plastic bank.” The collector is then paid for the “trash” in anything from cash to WiFi time, while the plastic bank sorts the material and sells it to the appropriate recycler—thus closing an open loop in the life cycle of plastic.
Decentralized Autonomous Organizations (DAOs)
At the convergence of blockchain and AI sits a radically new kind of company—one with no employees, no bosses, and nonstop production. A set of preprogrammed rules determines how the company operates, and computers do the rest. A fleet of autonomous taxis, for instance, with a blockchain-backed smart contracts layer, could run itself 24-7, including driving to the repair shop for maintenance, without any human involvement.
Example: While DAOs are just beginning to emerge, the platform DAOstack is working to provide these businesses with tools for success, including reliable crypto-economic incentives and decentralized governance protocols. DAOstack aims to create businesses where the only external influence is the customer.
Multiple World Models
We no longer live in only one place. We have real-world personae and online personae, and this delocalized existence is only going to expand. With the rise of Augmented Reality and Virtual Reality, we’re introducing more layers to this equation. You’ll have avatars for work and avatars for play, and all of these versions of ourselves are opportunities for new businesses.
Example: Second Life, the very first virtual world created in 2003, gave rise to a multimillion-dollar economy. People were paying other people to design digital clothes and digital houses for their digital avatars. Every time we add a new layer to the digital strata, we’re also adding an entire economy built upon that layer, meaning we are now conducting our business in multiple worlds at once. Today we have all mastered Zoom, tomorrow we’ll be diving deep in the SpatialWeb, moving back and forth between multiple virtual worlds and our physical reality using technologies like Vatoms and Spatialweb.net to navigate the Metaverse.
Transformation Economy
The Experience Economy was about the sharing of experiences—so Starbucks went from being a coffee franchise to a “third place.” That is, neither home nor work, but a “third place” in which to live your life. Buying a cup of coffee became an experience, a caffeinated theme park of sorts. The next iteration of this idea is the Transformation Economy, where you’re not just paying for an experience, you’re paying to have your life transformed by this experience.
Example: Early versions of this model can be seen in the rise of “transformational festivals” like Burning Man, or fitness companies like CrossFit, where the experience is generally bad (you work out in old warehouses), but the transformation is great (the person you become after three months of working out in those warehouses). Consumers are no longer searching for merely pleasurable experiences—they are looking for challenges that transform.
Final Thoughts
What all this tells us is that business as usual is becoming business unusual.
The 9-to-5 Work Model is of the Past
My children have seen my husband and the office daily to work. In their early years, I stayed home to care for them.
He woke-up, biked, dressed-up, walked to the train station, and then almost did the same again. Walked to the train station, dressed down, and biked to end his day. Sometimes he “worked at home.” Sometimes, he worked very late; through the night. Only to come home to shower, take a nap, and go back to work. This was usually when it was earning season.
Working remote was nothing new. When our first baby was born in 2002; he brought files home with a special issue laptop and a floppy disk with files. By 2005, our second arrived (it’s his birthday today). The files were online. The Laptop and files were gone, and he had a VPN connection that took him to a virtual office. His office was digitized, and we sat in this quiet deceptive phase. As he moved up the ranks, he scored a corner office. Then something interesting happened. They moved offices; his corner office evaporated; he had to hotel – no one had an office.
If he forgot to book someone else took his usual space. If he was late to work someone else took his space; how he hated those “auto bump” emails informing him that he did not have a place to do his thing that day. This uncertainty made him rethink his schedule, enforced discipline and “lived and die by his calendar.”
Waking up and going to my office space in Jersey City
Enter CORONAVIRUS 2020. The commute changed; we were home all the time. He biked even more and then not at all. Our kids had grown so I was back to work running WorkSocial. Unknowingly, ridding a deceptive trend of the vanishing office space. I was Waking up and going to my office space in Jersey City. We adapted to the lockdown. Socially distancing desks, implementing cleaning measures, rethinking our service offerings and pricing models. Mind you, during this time, all I could do make sure we helped our members and Clients. We all experienced the tragedy of the virus hit home. We all had at least a family member, or a friend, or a neighbor, that familiar face that smile just vanish.
The hustle and bustle of the WorkSocial community had changed. It evolved into a calm and serene mecca of distance, respectful work, video conferences, and phone calls. There was a sense of certainty at WorkSocial, while the world order remained uncertain.
From Disruption to Demonetization: The lease free impact hub that helps its members and community
The flexible hoteling office was all but DONE. The traditional workplace…flexible workplace became very inflexible. It was outdated. Even before the pandemic, We had reimagined the workday. We mapped the future. Safety and trust became our mantra.
We wanted people to come in and leave only once to go home. So, we served up delicious meals daily. To help local restaurants we added a lunch and snack service.
I made delicious frappes and overnight oats. I consulted naturopaths to understand how I could load them up with immunity-building ingredients like goldenseal and zinc.
We hired an all-female, all minority, all fabulous workforce. We had transformed, from an impact hub that helped companies develop productive safe satellite workspaces. And, when safe connects with colleagues to collaborate.
Something else has transformed, our clients. We started catering to public companies and large consulting firms. I saw them making the workplace benefit similar to a 401k benefit or a gym membership– not everyone will use it, but it’s an indicative marker for sophisticated workplaces of the future.
A have your cake and eat it too environment
The biggest takeaway from what we’ve found is the fascinating duality surrounding remote work preferences. People miss their colleagues, culture, and in-person collaboration, but they do not miss their commutes or the rigid 9 to 5 office day.
WorkSocial removed the commuting friction to supported by safe, flexible, local workplace options all around the country. Consider the workplace benefit as a “have your cake and eat it, too” scenario of sorts–or in other words, have your remote work and access to in-person collaboration, too.
Sharing Values: Our Carbon footprint and getting profitable
We began looking for ways to reduce our carbon footprint is not only the right thing for the environment and our future, it is a decided business advantage – a value that attracts talent and creates innovation and meaningful work. We have committed to planting 10,000 trees by 2025. We only use biodegradable products and reduced the use of paper.
Distributed workplaces have other derivative benefits: Reduce fixed costs of getting to work and office management by 60%
- C02 emissions when you don’t drive to work
- 470 hours of wasted time in travel and recovery per employee (10 workweeks)
- 200 hours of time saved (missed meetings, late nights and travel delays) (5 workweeks)
- Boost local economies
- Take the lease liability ROU off your balance-sheet
The numbers are interesting; you can bring in 670 hours of annual productivity because you chose to rent shared office space.
Our journey from Demonetization to dematerialization
We are no longer an office space provider. Yes, office rent is a line item on our income statement. But we do so much more for our clients.
We are a shipper, a mailroom, a telecom, a travel agent, an insurance company, a caterer, a fundraiser, a wedding venue, a party planner, your admin, a helpdesk, a marketer, and your bank. We have just blended everything you need in your office into a single service provider of growth.
Democratizing our impact
What we do works and now we are proud to say that David gets to play on the same ground at the Goliaths. We are no WeWork we are even better. We have started to collaborate with like-minded operators nationally. We now have offices in NY, LA, and San Francisco.
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