Addressing the challenges entrepreneurs face in co-working spaces and their paths to success

Integrated Facilities Management (IFM) has evolved a long way in the last 30 years and has become the service model of choice for many property directors with complex, multisite portfolios. The IFM sector represents about a third of the FM market and as it continues to expand, clearly has a bright and sunny future.

- KUSHAL BHARGAVA

Co-working spaces, the dynamic hubs of innovation and collaboration, have revolutionised the entrepreneurial landscape. These spaces offer a haven for start-ups and independent professionals to share ideas, resources, and energy.

Yet, within the realm of coworking, entrepreneurs embark on a journey marked by a distinctive blend of challenges and opportunities, shaping their paths to success in unprecedented ways. In this article, we highlight the challenges faced by entrepreneurs or startups and some tips to overcome the same.

Challenges faced by entrepreneurs in shared office spaces

The bustling atmosphere of co-working spaces or flex spaces as they are popularly addressed nowadays, brings with it a set of distinctive hurdles that entrepreneurs must navigate with discretion and creativity. According to a survey conducted by Clutch, a B2B ratings and reviews platform, a staggering 68% of entrepreneurs identified resource competition and availability as a primary challenge in co-working spaces. This resonates with the very nature of co-working setups, where the demand for shared resources can often exceed supply, impacting entrepreneurs’ productivity and work efficiency.