Can operators become rich with coworking spaces, or are their businesses just burning up money? It depends. The latter is clearly easier than the former. For most, the answer lies in the middle. Coworking spaces don’t operate independently of market principles. There are myriad business models, and their founders have just as many motivations and goals. And just as anyone can overextend themselves, hit the jackpot, or just break even with a bar, a cafe, or a restaurant chain, so too with coworking spaces. On average, every year things go a little better, but overall, things are still not optimal. In this article, you’ll see how things are looking.
Most coworking spaces are operated as second businesses of small business owners and entrepreneurs who sought shared workspace of their own. Due to the varying different types of spaces out there, all designed and operated in different ways, it appears no two spaces utilize the same exact software tools - except a few. The 20 most popular ones we've summarised into a word cloud. In addition to the data visualization, we’ve sorted the top hundred or so into a list.
More coworking spaces, more members… These basic forecasts for 2017 are straightforward. The interesting findings of the Global Coworking Survey, compared with previous years, are once more shown in detail. Things are looking somewhat more restrained in the new year from the perspective of freelance and entrepreneur members. Coworking spaces are planning yet more expansion. And half of the members care very little about Donald Trump being in the White House - for the other half, the dominant sentiment is dread.
“Can we meet for coffee?” This is the common language when hooking up with your friends, isn’t it? At your space, coffee would be an excellent way for freelancers to interact and network. They might even borrow a few ideas from each other over a cup of coffee while working. And for the freezing nights when some freelancers have deadlines to meet, we all know how much coffee can come in handy, right?
More and more people are rejecting the 9 to 5 workday and defining themselves as self-employed. Employees all over the world are packing up their cubicles and moving into coworking spaces where they can focus on their passions and interests rather than simply trying to meet weekly targets and sit in meetings. One of the coolest and most enviable professions to emerge from the freelance movement is travel blogging.
Conferences, meet-ups or bar-camps... in the end it's less about the format and more about the people you meet. Gatherings of the industry are a terrific way to connect with coworking veterans as well as with newbies. This year, they will flock to Chiang Mai, New York City or Sevilla, just to name a few locations of the upcoming events which will take place in Spring. Here's brief overview.
Africa is presently experiencing a dynamic increase in the coworking industry and I think it would continue to grow compared to what we have seen, since its inception in the mid-2000. Just within a decade, there are over 250 coworking spaces in Africa, with 80% of these spaces springing up in the last 3 years. This exponential growth is attributed to 70% of the total population of Africa which are the millennials. Here’s an overview of how the coworking industry is doing in some African countries.