The State of Coworking in 2017

Deskmag released the final results of its global coworking survey in late January, 2017.

Not surprisingly, coworking continues to grow, evolve, and revolutionize. By the end of 2017, about 1,180,000 individuals will work from coworking spaces globally. A significant percentage of them will be employees of larger companies that have finally embraced the appeal and attractiveness of coworking spaces.

1,180,000 people is no small number; and neither is the number of operating coworking spaces. According to Deskmag’s survey, there will be around 13,800 coworking spaces globally by the end of the year.

Lots of spaces, lots of people, lots of time spent together.

Community is one of the most important value propositions of these spaces, so it comes as no surprise that both operators and coworking users expect to see an increase in their sense of community. Specifically, 73% of coworking members expect to expand their network and contacts through their membership.

A clear indicator of a maturing industry is that less than 29% of coworking spaces have been in existence for fewer than 12 months. For this reason, most operators are planning on expanding their footprint this year:

27% of coworking operators plan to add more desks to their space
11% plan to move to a larger location that would be able to welcome more members
39% expect to add an additional coworking location to their portfolio

A maturing industry, however, also means more and stronger competition. As coworking continues to grow and become popular in untapped markets, most coworking operators report struggling the most with attracting new members.

Additionally, though 62% of members still work from their first coworking space and 54% of them plan on staying in the same coworking space they are currently in, the latter number did drop from 65% in the previous year. This means that coworking operators will need to find a way to highlight their ‘uniqueness factor’ and make sure that their offerings are aligned with market needs and demands.

On the front end of memberships and space utilization, coworking operators are doing pretty well. 38% of coworking members use the space 5 or more times a week. However, long-term memberships aren’t as popular, with 56% of members signing up for memberships of 12 months or less.

To learn more about how OSS can help you align your coworking goals with current market needs, click here.

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Best Apps for Business Owners and Their Teams

Being a part of a small business means taking on a lot of different roles. This is true for both the business owner and their team members. When you’re trying to increase productivity and organization, turning to an app might be your best solution. There are a lot of apps out there, so that’s why we’ve compiled a list of some the best ones for you and your team to try. From communication to organization to finances, we have the apps you need to help your business run smoother.

Bump

This app is great for getting your name, the name of your business, and your key team members’ names out there. This networking app allows entrepreneurs to use virtual business cards. You can trade contact information with other users by simply “bumping” your smartphones together. Never again will you have to worry about whether you brought your business cards along with you to that important conference. With this app, you and your team will always have this information on-hand and at the ready to pass along to whoever you meet.

Slack

Communication is key when it comes to running any business. Running a small business, you and your team are likely on-the-go quite often to meet with clients or business partners. This is where Slack can really help you out. It’s an instant messaging app that allows you to easily organize conversations between you and your team into public or private messages. You can also easily share files of any kind by dragging and dropping. The best part is that there’s no limit to how many users you can add to the business.

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TripIt

If your business requires a lot of traveling, you know how difficult it can be to keep track of all your connecting flights, getting a rental car, etc. TripIt gathers all the information in an easy to read itinerary. Simply forward all your travel emails to the app will take care of the rest. The app will also gather maps, weather updates, and directions for you to use during your travels. TripIt for Teams allows up to 10 members on a business and costs $29 a month.

Evernote

It’s easy to end up with notes scattered all over the place. You jot things down quickly as you go through your work day, and later you have to dig through all your files to find it. Evernote is the best solution to this problem. It allows you sync your notes from across all mobile and desktop devices. Evernote has a team feature, which costs $12 a month to use. This is especially helpful if you and your team members are gathering notes for different aspects of a shared project. The team feature not only allows you to sync notes but comes with added team and administrative features.

Quickbooks

Quickbooks is perfect for giving you a complete picture of your company’s financial state. It’s useful for tracking everything from your business’s sales and expenses to employee payment to unpaid invoices. It can connect to numerous accounts, including bank accounts and PayPal so all your data can be collected seamlessly. Quickbooks can also make tax season much easier on you!

There are many apps out there that are designed to help with workflow. These are only a few of them, but we find them to be the most effective for a small business team. Use any one of these apps listed above and watch your productivity, organization, and time management soar. Make life easier for you and your team and try one out.