Introduction

Coworking – What is It?

Coworking – What is It?

Coworking is one of the service models in the “serviced office center” industry.  A coworking arrangement can work for some people and won’t work for others.

A coworking arrangement is a somewhat unstructured work environment where you co-habit/occupy a given workspace with others. Users often share tables and work areas with unrelated persons, in an open-space environment.  This is contrasted with a virtual office or executive suite environment where clients typically use private offices and conference rooms as their work areas.  The specific work area – be it an office or a conference room – is exclusive to the person using the space during that period.  While the virtual office or executive suite facility is shared among a number of unrelated business people, each person uses a private space when they are in the facility.  Coworkers, on the other hand, share workspaces when they are in a coworking space.  This can give rise to issues of confidentiality as well as create distractions.

Coworking Spaces vs. Virtual Offices

Coworking is generally appealing to people looking to develop a tech-related, or other start-up business, where collaborating with the person “sitting across the table” can be helpful.  A virtual office on the other hand, is more appealing to an established business/practice.  The lawyer meeting clients to sign a will or to strategize a litigation and the financial planner discussing investment goals and alternatives will be much more comfortable with the professional image and privacy afforded by a virtual office or executive suite facility.  Even a start-up business or practice in an established industry (think of a lawyer starting a new practice, an insurance broker branching out on his/her own) will find the structure and image of a virtual office/executive office much more supportive of their growth goals and to the importance of impressing clients and potential clients. 

Coworking and virtual offices/executive suites both offer benefits to different segments of the market.  That being said, not all coworking facilities offer the same features and services.  Likewise, not all virtual offices offer the same features and services.  Below is a chart comparing the features/services of a typical coworking space with those offered by Champion Office Suites.

 

 

Characteristic

Champion Office Suites

Coworking Facility

Private Offices/Conf Rooms

Yes – Backbone of Facility

Limited

Address Services/Locked Mailbox

Yes

Possible

24/7 Access to the Facility

Yes

Depends upon the Facility

Privacy

Yes

Limited

Physical Workspace

Private Offices/Conference Rms

Tables/Desks

Noise Level

Quiet – Office Environment

Potential Noise in Large Work Area

Reception Services

Yes

Possible

Telephone Svc w/Follow-Me Communications

Yes

No

 

Administrative Assistance

Yes

Not Likely

Copy/Fax/Scan

Yes

Depends upon the Building

Internet

Yes

Yes

Coffee/Tea

Yes

Yes – possible fee associated

Short-Term Options

Yes

Yes

Long-Term Options

Yes

Possible

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