Modern users of shared workspaces are definitely spoilt for choice. Office spaces, today are primarily available in three distinct flavors, namely:

All you need to do is pick and choose the workspace model that fits your budget and working style. Unfortunately, though, the decision of choosing amongst these three avatars of office spaces cannot be made by a simple “tic-tac-toe”. This article aims to acquaint you with a taste of all these shared spaces, enlisting the sweet and the bitter, the tangy and the sour. See for yourself which one suits your palette!

1. Coworking spaces:

Coworking space business center private office differences pros and cons Kowrk

The sweet bit:

  • The greatest advantage that a coworking space offers is cost-effectiveness. Your setup costs are cut down, scalability becomes as easy as hiring an extra work desk as and when required. Clients, investors & vendors can be entertained in plush meeting rooms without burning a massive hole in one’s pockets. Add to that the convenience of having an office administrator who thankfully is not on your permanent payroll, and you are technically free to simply mind your own business (pun intended).
  • Flexibility is the name of the game in the Coworking universe. The multitude of options in a typical coworking space ranges from separate meeting rooms, flexi seating arrangements, dedicated desks / seating arrangements on a monthly, weekly or even a daily basis to suit the budgetary requirements of individual professionals or startups.
  • Coworking spaces are geared towards building a community of creative collaborators. These spaces are buzzing centers of energy and a melting pot of ideas and strategies which ensure, you have enough fuel to fire your imagination which in turn will reflect in your product/service.

The not so sweet bit:

  • Some coworking spaces do not reflect the strictly professional setup that a private office or a business centre gives. Privacy can be an issue in some of these joints especially if you have a no-nonsense, zero-disturbance approach towards life. Most of these are generally one-city specific, unlike the business centers that are present in multi cities. However, modern coworking hubs are constantly evolving to overcome these minor shortcomings.

2. Business Centre:

Coworking space business center private office differences pros and cons Kowrk

The sweet bit:

  • So, the private office can be located at a coveted address or a non decrepit corner of the city. But business centers are usually found at a red carpet worthy location. Hence, the address on your business card is enough to draw a huge volume of investors and clients to your startup, catapulting your business to another level.
  • Business centers, no doubt add a very professional element to the startup. They are well established with a multi-city presence and state of the art infrastructure facilities that rapidly growing startups require. In India, iKeve and iShareSpace are examples of successful business centers with a multi-city presence.
  • If waters have been tested and your startup is now ready to jump to another level, then offices at business centers will become an automatic choice.
  • Your brand building exercise starts with an office at a business center. It provides visibility and recognition amongst the stakeholders, investors and clients alike, accelerating your growth curve in an exponential manner.

The not so sweet bit: 

  • Business centers are stupendously expensive as compared to the coworking spaces. Invest in brand building mode, not in cost saving mode.

 3. Private office:

Coworking space business center private office differences pros and cons Kowrk

The sweet bit:

  • Call it stereotypical, but Private Office is the ultimate mark of success for some. It says “I have arrived and that too in a successful manner.” A private office setup provides a positive and professional feel which is hard to ignore.
  • Private office space facilitates a unique corporate culture. It provides something very independent and distinctive to your business. The same cannot be said about a coworking space, which even though has a very harmonious work environment, lacks the individuality that startups crave after some point of time.
  • Holding impromptu meetings becomes the order of the day at an exclusive private office. There shall be no need to time the meetings or fill up the meeting time slot sheets! When a startup grows to a stage, where the number of meetings with clients and investors grows day by day, then it becomes imperative to shift from coworking spaces to its own office.

The not so sweet bit:

  • Privacy, my friend is a luxury and luxury comes at its own price. Investing in a private office requires big moolah in terms of rent, infrastructure and maintenance costs.
  • You are running your own show here, be prepared for the thousand headaches that being the ultimate boss entails along with shelling out some serious currency. Remember, you are now responsible for your business as well as keeping the office space up and running. After, all it is you who decided to marry ownership and management!

In conclusion, treat these three options as three distinct routes to your success. Choose the one which offers you the views you prefer.

Do share with us which one would you chose!

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