India is a country with a huge youth population that is educated, equipped and skilled. These youngsters possess the ability to develop a knowledge society and bridge the gap between the two cities of supply and demand. As more and more youngsters pick up high paying jobs with corporates in various domains, there is a silent revolution happening amongst us. The revolution of entrepreneurship.
While few choose to work a few years to gain experience and then take the plunge, others prefer to shun the hierarchy right out of college and set up their dream company. There are still others who believe that their idea is path-breaking and want to work further on it, although they might not have the courage! The media and the internet have been running stories on successful ideas and startups for a long time now. While the ecosystem is highly developed in certain cities, it’s not the same case with others. That does not stop a budding entrepreneur from pursuing his dream. In the world of startups, success is supported by positivity, networking, perseverance and the much-needed capital. Several wonderful startups lack the above attributes. Especially, capital places a crucial role in determining the fate of a company.
In the era of high establishment costs, rising real estate, cutthroat competition and lack of appropriate guidance, entrepreneurship is like entering the Padmavyuha. Discover the concept of co-working and you are better off in many ways!
Coworking is a style of working that facilitates people from diverse backgrounds to work together usually in a common space. These people, also called coworkers, are not necessarily employed by a single organization. The group also comprises freelancers, travellers, startups and entrepreneurs. In coworking, people share values and are interested in the synergies that can happen from working with like-minded people in the same space.
The basic principles of coworking can be traced back hundreds of years to artist and writer collectives and other communities of practice. The word coworking as it is known today originates with a concept put forth by Brad Neuberg in 2005. A relatively new concept to India and Asia, it has been widely accepted in the West as more and more move out of their traditional workspaces to coworking spaces. These spaces represent a critical foundation of infrastructure for a new and growing workforce of people. A coworking space’s relationship with its members is one that is primarily predicated on the values that drive the Coworking Movement, in direct and deliberate contrast to a more traditional relationship predicated on renting space from a landlord.
Coworking spaces maintain the standards and values of community, openness, collaboration, accessibility, and sustainability, and aim to provide affordable space to independents, freelancers, travellers, indigenous startups and entrepreneurs and develop a self-driven community.
Coworking is a beautiful, incredible, exciting, and really important thing as it lets one work in an absolutely casual and informal environment while at the same time rubbing elbows with diverse people. The in-house event and workshops also nurture and develop the entrepreneur in an individual.
Many misconceptions abound about what coworking encompasses and how it distinguishes itself from business accelerators, incubators and executive suites. These spaces do not seem to fit into the coworking model because they often miss the social, collaborative, and informal aspects of the process at the space. At Co.Lab.Orate, management practices are closer to that of a cooperative, including a focus on community rather than profit.
The future of working is definitely coworking!