Co-Working Spaces Can Be Ideal for Entrepreneurs
The Balance Small Business
Written by: Updated September 27, 2018
Have you ever thought about working in a coworking space? Co-working, defined as the sharing of office space by (typically) self-employed, independent professionals who wish to work together in a communal, collaborative setting (as opposed to the traditional model where office space is occupied by employees of a single organization), has a lot of advantages that you may not have thought of. In fact, coworking space can be ideal for entrepreneurs.
Self-Employment Is on the Rise and Co-Working Fits the Bill for Many Freelancers
The advantages of being a self-employed contractor are well known—being your own boss, having the flexibility to choose your hours and place of work, and the ability to deduct business expenses from income tax are all powerful incentives to choose self-employment, especially given that the traditional “job for life” that many of our parents and grandparents enjoyed has all but disappeared.
Statistics indicate that self-employment is on a steady rise and by 2020, 40 percent of the workforce in the U.S. and 45 percent of the workforce in Canada will consist of freelancers, independent contractors, and on-demand workers…. continue reading