Some of the world's most famous and profitable companies started as start-ups

Reasons Why Coworking Spaces Are Best for Start-ups

Co-working spaces are increasing in popularity, especially as businesses look for greater flexibility in the post-pandemic world

Effective Ways to Improve Productivity in a Co-working Space

<h2>The Future of Work - Why Coworking Space is Important in Pakistan</h2><p>Pakistan is progressing in Software, IT, and IT-enabled services at a surprising rate. It has been ranked <a href="https://tribune.com.pk/story/2041394/pakistan-ranks-4th-among-worlds-fastest-growing-freelance-markets">4th globally in the growing freelancing</a> ecosystem. Pakistan is doing great due to several reasons. First of all, the easy access to the internet and the gig economy has helped them offer services for petty tasks and make a lot of money. Secondly, the increasing unemployment is making them consider freelancing, remote jobs, and <a href="https://thedesk.pk/blog/best-startups-in-pakistan">startup initiatives</a> to make a living out of them.</p><p>Pakistan is blessed with a population of youth and IT graduates. What else they are going to do is they have the talent, energy, and basic resources. A bit of knowledge and familiarity with client hunt can help you earn money you could not earn with a full-time job. It is the foreign currency exchange rate that is pushing more and more people to try their luck in IT services.</p><p>To start a remote job, a freelancing business, or a tech startup; you may need expertise, mentorship, and access to a peaceful <a href="https://thedesk.pk/work-space">workspace</a>. Initially, they may not be able to assign a whooping budget to lease a spacious office and make arrangements to accommodate a team. As an alternative, they rent to the office a shared space also known as a coworking space to kick start the journey and scale the business over time. It is a pay-as-you-grow approach. Start with a <a href="https://thedesk.pk/shared-office">shared desk</a> move to a dedicated one, and then to an executive room. Let's find out how a <a href="https://thedesk.pk/">coworking space</a> works.</p><p>&nbsp;</p><h3>How does a coworking space work?</h3><p>To start an IT job, freelancing career, or a tech venture you don’t need an office. You can start it from a dorm room, a spare room in your house, or any place where you feel comfortable. However, working in seclusion can put you in troubles like loneliness, inability to expand and grow, and a destroyed social life.</p><p>A coworking space gives you a reason to come out, and enjoy the office environment at your terms, conditions, and working hours. It's the space you rent out but someone else manages the entire hassle for you.</p><p>Visit it with a laptop, work in a focused environment, and leave. The peace and serenity take you to focus on your dreams and make them true rather than asking people to recommend a stable internet connection and buying equipment for electricity backup. You no longer have to worry about who is going to open, clean, take calls, receive mail, and manage the reception, staff, and all.</p><p>A coworking space introduces to a community of IT and tech enthusiasts, who have either established a successful career or going through an experience similar to yours. It gives you opportunities to know and work with people of similar natures and goals. They conduct seminars, workshops, courses, and boot camps that can give your career a boost. It's a hub of networking, collaborating, learning, and growing beyond your expectations.</p><p>&nbsp;</p><h3>Why coworking space is important in Pakistan?</h3><p>Pakistan is struggling to elevate digital literacy and onboard more talent to offer unmatched services to the world at large. The economic, social, and political instabilities have put other industries on the verge of death whether it's education, travel, tourism, or product industries.</p><p>People are afraid of investing in a manufacturing business as they have to face a lot of struggle in it. However, the software and IT services industry has more promising results in comparison, even other services sectors. It is important for the economic survival of Pakistan that's why more and more coworking spaces and learning centers are needs of the hour. Following are some of the reasons that may help you understand its significance.</p><p>&nbsp;</p><h4>1. Providing a Distraction-Free Workspace&nbsp;</h4><p>Working from home is attractive if your family members understand the significance of meeting deadlines. In general, they don’t understand and put you in routine tasks and home chores. So, coworking space is necessary to provide a distraction-free work environment where all you have to do is work, network, learn, and collaborate.</p><p>&nbsp;</p><h4>2. Guiding Youth about Their Goals</h4><p>A coworking space is mandatory to work as a career counseling institute where it can encourage youth to try on different things, and take risks when they can afford it at a young age.</p><p>&nbsp;</p><h4>3. Validating IT Business Ideas&nbsp;</h4><p>Sitting at home and coining new ideas is not going to help the youth. It is better to seek mentorship from industry leaders in a co-work space and get the idea validated. If it is not suitable for the market you intend, you can leave it at an early stage rather than wasting time, funds, and energy in putting it into a prototype.</p><p>&nbsp;</p><h4>4. Mentoring Tech Entrepreneurs</h4><p>The software, IT, and tech graduates are educated enough but still need to polish their skills. They know that test of fire makes fine steel, but are unable to find a place to get grinded. Coworking spaces are often equipped with incubation centers to mentor them for their entrepreneurial journeys.</p><p>&nbsp;</p><h4>5. Increasing Joint Ventures&nbsp;</h4><p>A place where you can find like-minded people is great to network and collaborate. It gives rise to creative and intellectual startups that could have been started if worked with individuals. Onboarding co-founders and working in a team increases the success rate of a tech venture.</p><p>&nbsp;</p><h4>6. Efficient and Productive Pakistan&nbsp;</h4><p>In freelance and gig economy community of Pakistan suffers a lot due to electricity load shedding and poor internet connectivity. It compromises their efficiency and productivity and may bring a bad reputation to the country. With a minimal fee, they can join a coworking space and pursue a progressive relationship with clients and employers.</p><p>&nbsp;</p><h4>7. Boosting Pakistan’s Economy&nbsp;</h4><p>According to Profit by Pakistan Today, <a href="https://profit.pakistantoday.com.pk/2022/06/20/pakistan-earns-2197mn-from-it-services-export-in-10-months/">Pakistan has earned $2,197 million</a> from exporting IT services in ten months of the financial year 2021-2022. Easing tech startups and entrepreneurs with modern facilities like coworking spaces can contribute a lot to pushing the economy and increasing foreign remittances.</p><p>&nbsp;</p><h4>8. Attracting Global Investors</h4><p>We can contribute to the global ecosystem by initiating software products that can solve complex issues and improve people's lives. Coworking spaces often have launch pads for tech ideas to incubate and provide them with global exposure. It will attract international investors the way we did in B2B startups. <a href="https://www.aljazeera.com/economy/2022/3/16/pakistans-startups-take-center-stage">Al Jazeera reports that</a> Bazaar raised $70 million, Retailo $36 million, and Nayapay and TruckItIn $13 million each in the first quarter of 2022.</p><p>&nbsp;</p><h3>Final thoughts&nbsp;</h3><p>Coworking space is the future of work in Pakistan as it provides them a platform to groom, learn, and excel in their freelance, business, and career endeavors. The economic growth of Pakistan needs to create more coworking spaces, induct tech enthusiasts, and turn them into industry veterans.</p>

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Pakistan is blessed with a population of youth and IT graduates. What else they are going to do is they have the talent, energy, and basic resources

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