The number of co-working spaces has skyrocket to more than 7,000 players all around the globe over the last three years. Now, co-workers have a great choice whether they want to join a creative common of designers, writers or artists, a diverse member-based crowd in tech or a female-only co-working space. The options cater for every taste; from small, quirky and independent neighborhood co-working spaces, futuristic hippiedoms for creative nomads to large co-working communities for growing companies.

Looking at the different offerings, each entrepreneur or business owner has to carefully choose which collaborative vibe suits the business and team best. Is it a global chain like WeWork with a range of workplace options, or a shared space in a quirky neighbourhood like Shoreditch Platform, or rather a creative hub like SecondHome with roaming zones and hanging gardens?

Here are 3 Thoughts to Consider when choosing a Collaborative Work Space:

Costs vs. Benefits

The cost of renting a desk at a co-working space can be tremendously lower than signing a long-term office lease, depending on the size of your team and location. However, for some startups that are bootstrapping their business or just developing the MVP, paying between £200 – £500 per desk a month is a huge expense.

Before committing to one place, compare the general services and see if a hot desk area is suitable, or you are better off getting a small office or even sign a regular office lease outside of a co-working space. Also, at most collaborative work-spaces, your team gets free coffee, drinks, ping pong tables as well as some food that enhances the overall experience. Saving £2.80 every morning on a Cappuccino from the corner coffee shop – great!

The Community Spirit

It’s hard to find a more diverse place than a co-working space. The common areas and numerous community events make it easy to mingle and collaborate with other ‘co-workers’. Whether you are stuck, tired or need a person to bounce ideas off, you are likely to find a like-minded person to talk to.

Do you have problems with product design, looking to hire an intern or need a plan to grow your Instagram followers? The chance that your desk or office neighbour is a UX designer, part of a recruitment firm or social media marketer is very high. The extensive network, both physical and through the digital network, can accelerate your growth exponentially compared to when you are in a closed office.

Brand Promotion

Being co-located with other businesses, can help you to get your brand out and make people aware of your product/services. While growing your business, you can never make too many connections. Therefore, co-working spaces offer the best networking opportunities to access marketing or distribution partners, investors and customers. It depends on what you make of it! Plus, most of the collaborative work-spaces such as Google Campus or WeWork offer free event hosting possibilities for its members, which naturally comes with an interested network of members to join the events.

While co-working has a lot of advantages and is a fun-experience, it can also create some drawbacks such as distractions through chatting, coffee breaks or attending events that use up a lot of valuable time. Furthermore, your business could face direct competition or the co-working space might prove to be more expensive; particularly for growing teams, getting your own office could be more beneficial than renting one in a creative co-working space.

If you are a startup and want to find out more about Mentoring Britain’s Startup Programmes and events near you, don’t hesitate! Get in touch with us at or call us today on 0203 865 0317.