How Coworking Benefits Women Entrepreneurs

How business is operated has undergone a tremendous amount of change over the years. With more flexibility and liberty to telecommute, the common trend of beginning a home-based business or operating from a comfortable place, also called a coworking space, is the new normal. Every year, August 9th is celebrated as International Coworking Day. This indicates the impact that coworking has made in the corporate world. While people often discuss the various benefits of operating from a coworking office, they often miss out on those profound benefits that such spaces provide to women entrepreneurs. In this article, we will discuss why coworking for women is a prudent idea and what advantages women entrepreneurs can have by working within a coworking workplace.

Avoiding Isolation 

Most women who turn to coworking feel that isolation is their primary reason. For female entrepreneurs, coworking could be seen as a possible way to escape their monotonous daily routine. According to a study by California University, more than thirty percent of entrepreneurs experience depression due to their daily schedule.  

Coworking also comes with its set of advantages. Compared to working from home, it is interactive, community-driven, and an enriching experience. And since women are likely to appreciate creativity, aesthetics, and visualizations better than men, they can perceive the importance of coworking.   

Equality At the Workplace 

Be it in any field, women are no longer behind men.  Women have made their way to some of the top positions around the world; nevertheless, despite great accomplishments, many women face inequality, especially in their workplaces. However, when you work with like-minded women, there is no scope for inequality. Additionally, you will find individuals with a ride-or-die attitude, and they are the ones you need in your corner. It is because they are not only going to help you through your hard times but will also celebrate your successes.  

Easy to Find a Mentor 

In coworking spaces, women can learn from others’ experiences or find a mentor who can inspire them to reach their full potential. Mentoring is essential for every entrepreneur, regardless of their knowledge or expertise. According to research, small companies with an established mentor relationship are twice as likely to survive and develop than companies with no participation from a mentor. More than 48% of women entrepreneurs feel that the absence of mentorship was the one thing that held them back. Therefore, coworking spaces for women can provide enough opportunities for female business owners to thrive.  

More Business Opportunities 

Female entrepreneurs can generate a lot more business possibilities within shared offices.  For example, if you are a freelancer working in a shared office, you might meet other colleagues who can provide you with connections or referrals. That is not something you can typically find in a work-from-home environment.  

Additionally, the sense of belonging also operates significantly in coworking spaces. While everyone tries to fulfill their aspirations, they are not inclined to compete since each of them is busy paving their own path. This also allows entrepreneurs to find people who possess skills they do not have and can assist them in areas where they are struggling, like finances or the hiring process. This kind of solidarity is difficult to find even in traditional work environments due to factors like jealousy, competition, and office politics.  

Ideal Working Environment 

While most women look for a safe environment at work, female entrepreneurs are risk-takers who live by their own laws. Such a mentality can easily be found in coworking groups, where they thrive by creating their values and living their way of life. More and more companies are opting for coworking spaces to develop their business and stifle the boring corporate life.  

Additionally, female entrepreneurs have family responsibilities, and often kids, pets, ailing parents, and all other aspects of everyday life that weigh them down. Therefore, having a dedicated workspace outside the home not only means fewer distractions but can also help boost creativity.  

Many studies indicate that there is a significant increase in creativity when working in an engaging and social work environment, and that is precisely what many woman entrepreneurs are looking for. Coworking spaces for women are also more likely to achieve workplace equality. Considered the strongest growth hack, moving to a coworking space can help you embrace your minority status in the startup world and reach out to other female entrepreneurs.