The idea of coworking has become popular all across the world. It has completely changed the way individuals do their jobs, creating new chances for innovation and teamwork. Where, though, did it all begin? Who came up with the concept that is now a worldwide phenomenon? Let’s explore coworking’s past in more detail.
Coworking originated in 1995 when a group of computer programmers in Berlin, Germany, began to collaborate on projects in a common area. It was a venue where they could work on their projects, exchange ideas, and cooperate together that they referred to as “hackerspace”. The term “coworking” wasn’t originally used until 2005, when San Francisco-based software programmer Brad Neuberg founded the San Francisco Coworking Space and the first recognized coworking space.
The concept of coworking swiftly gained popularity, and coworking spaces began to spring up everywhere. Nowadays, coworking is a worldwide phenomenon with thousands of locations in more than 100 nations. With coworking spaces, small enterprises, freelancers, and entrepreneurs can more easily operate in a professional setting without the exorbitant costs associated with traditional office spaces.
WeWork is one of the major companies in the coworking space market. WeWork, a well-known brand in the coworking sector, was established in New York City in 2010. The foundation of WeWork’s business strategy is the subleasing of big office premises that have been remodeled into contemporary workspaces for people and small enterprises. WeWork has been successful in drawing a variety of customers, from small businesses to major organizations, and has grown to be the leading provider of coworking spaces worldwide.
Coworking has become more well-liked in India, where the startup scene is developing. High-speed internet, conference rooms, and networking events are just a few of the amenities and services provided by coworking spaces in India. Despite the difficulties brought on by the COVID-19 pandemic, the coworking business in India is predicted to increase by 40–50% in 2021, according to a survey by JLL India.
There are a few considerations to make if you want to launch a coworking space business in India. Finding the ideal place is the first step. Coworking facilities are frequently found in populated regions, close to amenities and public transportation. Second, you must provide a friendly, expert environment that meets your clients’ needs. Finally, you must create a successful and sustainable business plan.
In conclusion, the idea of coworking has revolutionized the way individuals conduct business by providing a flexible and reasonably priced substitute for conventional office spaces. It all began with a small group of computer programmers in Berlin and has since spread throughout the world. WeWork has grown to be the industry’s dominant player, and coworking spaces are becoming increasingly popular in India. Make sure to complete your homework and develop a distinct and sustainable business plan if you are interested in opening a coworking space.