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Enterprise can’t run from kitchen tables ceaselessly. Right here's why coworking is making a comeback.

July
24, 2020

Read for 7 min

The opinions expressed by the entrepreneur's contributors are their own.

The pandemic quickly disrupted our market like nothing else in modern history. Many companies went bankrupt, while others were forced to radically transform their operations overnight. Some industries have outperformed others, and certain industries have been wiped out in no time. Coworking agreements, for example, were some of the first commercial operations to be carried out when social distancing efforts were seriously practiced, mainly because they were replaced by distance employment agreements that helped limit the spread of Covid-19.

However, the pandemic will not last forever, and when it finally subsides, some key sectors will be brought back to life. Learn how coworking can be successful after the pandemic is over, and what companies can do to take advantage of this upcoming development.

Remote workers cannot stay home forever

There is no denying that remote working arrangements are currently keeping our economy alive despite the economic turmoil caused by Covid-19. Workers who have never worked comfortably from home have now taken over from the living room. In many cases, they find that they like this style of work. It is important to note, however, that most remote working arrangements have been created ad hoc based on necessity and that many of them have not been built to last. This means that telework will likely remain popular in the future, but telework regulations will manifest themselves in a very different way from what we see at the moment.

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So many people enjoy remote working arrangements that the New York Times recently examined the possibility that many of these workers may never return to their traditional offices. In many cases, those workers who love their current work from home are privileged workers who enjoy luxury like a home office or similar dedicated work space where they can concentrate on their jobs. While many homes will have home offices in the near future to allow more professionals to do their jobs from home, it is undeniable that many people cannot maintain their current work arrangements for lack of space or for lack of peace and quiet forever .

For this reason, we can expect the demand for coworking space to skyrocket as soon as the pandemic slowly but surely subsides under the guidance of professional health experts. After all, remote workers have to work somewhere, and many of them will find in the long run that their homes are only suitable for ad hoc emergency scenarios. Others want a professional space near their home – but closer than their previous office – to fulfill their professional responsibilities. It is particularly important for those with children to have a coworking space nearby, as educating newborns and toddlers in the place where you need to increase profit margins is far more difficult than it seems free for children.

Mental health becomes a problem

The pandemic is primarily a public health threat as it can literally claim the lives of those infected with Covid-19. However, as we quickly discovered in the early days of closure, there are many other health threats that we need to consider. While Covid-19 is a dangerous respiratory disease, its continued spread has led to an increase in deaths elsewhere. Doctors predict that more than 10,000 cancer deaths in the next ten years will be a direct result of COVID-19 delays. This shows how a virus can lead to a massive change in our health care system that leads to unexpected victims.

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It is therefore important to know that this pandemic is more than a threat to the respiratory system. For example, this has taken a tremendous toll on the collective mental health of our society, as many people are deprived of the social contact they need to remain fully functional. Video conferencing and other digital means of communication help to close the isolation gap. However, there is no denying that these technologies simply cannot keep up with the effect of seeing your friends, loved ones and colleagues face to face.

Smart entrepreneurs have understood for many years that companies with high levels of stress must invest in the mental well-being of their employees if they want to remain profitable for a very long time. What too few people understand is that current economic conditions make almost any business a stressful business. If we spend most of our days indoors, it will jeopardize the mental wellbeing of many workers in a variety of industries, making previously unimaginable investments in our mental health necessary. Post-pandemic coworking can be successful by arguing that these agreements enable companies to maintain social distance between their employees while enabling them to have interpersonal human interaction that is necessary to maintain mental well-being. Companies that don't take this into account will quickly run out of skilled workers before losing ground to their competitors.

Networking remains important

After all, it is important to understand that networking remains incredibly important in the market of tomorrow. This means that professionals need to maintain and expand their personal networks in order to take advantage of future career opportunities, but it should also illustrate how important networking is for small businesses. Local businesses are interdependent in many ways, and businesses that are currently only dependent on teleworking agreements are having difficulty connecting to local business networks that previously gave them unprecedented access to capital and expertise. If you review a list of ways that small businesses benefit from coworking agreements, you will quickly find that aesthetically pleasing workspaces and employee productivity are some of the most compelling reasons to adopt this model. What is more important, however, is the fact that coworking agreements enable entrepreneurs and professionals to open up local networks to which they would otherwise not have access. This means that they can get their hands on financial opportunities that would otherwise be withdrawn. Otherwise, your business could fall to the bottom of the market if it went up instead.

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Those who would normally compete with each other coordinate and cooperate with one another like never before through coworking spaces. This means that a lack of coworking agreements in the near future will frustrate many business owners who rely on such agreements to maintain their access to otherwise inaccessible financial institutions or opportunities. It would be incredibly stupid to argue that this temporary pandemic will mark a permanent end to the emerging coworking industry.

Entrepreneurs and business professionals rightly believe that coworking can suffer incredibly from the pandemic. It would be wrong to insist that this is the end of coworking, as it is a simple fact that this emerging industry will be reborn in the post-pandemic and become stronger and more useful than ever. Regardless of whether it is to give companies the opportunity to strengthen the mental health of their workforce or to point out unique networking opportunities that companies can use in coworking agreements, there are a variety of reasons to believe that Coworking after Covid will survive and thrive. 19th

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