In recent years, Pakistan has been facing different business challenges. However, many startups and freelancers have entered the Pakistani business in the last decade. According to the Pakistan Startup Ecosystem Report 2019, Pakistan has over 800 startups. The number of startups founded by Pakistani entrepreneurs has increased dramatically. With the rise of freelancers and startups, the demand for shared office spaces has also risen in Pakistan. However, launching a new business and finding an affordable workspace can be daunting if you are tight on budget. 

One solution to this problem is to rent a shared space that enables entrepreneurs or startups to collaborate and work in a flexible environment. This article will discuss how coworking spaces are ideal for Pakistani entrepreneurs and how they affect the country’s growth. Let’s begin:

Why are Coworking Spaces Ideal For Pakistani Entrepreneurs?

As discussed earlier, over 800+ startups were added to Pakistan’s business landscape last December. This means the sector has an excellent portal, and in the coming years, we will see plenty more enterprises entering the market, causing considerable benefits to the national economy. According to GEM Global Entrepreneurship Monitor, the total early-stage entrepreneurial activity (TEA) rate for Pakistani entrepreneurs has ascended to 12%, which is higher than the average for the Middle East and Africa region, which is 8%, and that of the Asia Pacific region is 10%. Additionally, Pakistan is the 34th most popular country globally for starting companies or startups, with 720 more companies, according to the F6S community. Let’s explore why coworking spaces are ideal for Pakistani entrepreneurs. 

1- Cost-Smart Workspaces for New Entrepreneurs:

Cost management is the top priority for Pakistani entrepreneurs, especially in the current inflated situation. Coworking spaces can be a cost-effective, innovative solution for entrepreneurs to get their work done according to their budget. By sharing facilities and amenities with other businesses, entrepreneurs can significantly reduce their experiences while enjoying a professional workspace with all the amenities and facilities. If you are an entrepreneur looking for a coworking space in Lahore, plenty of names, such as WorkPod, Collabs, KickStart, and Regus, can host your startup.

2- Flexible Workspace Solutions for Growing Startups:

One of the significant benefits that coworking spaces offer entrepreneurs is their flexibility. Unlike traditional workspaces with coworking, entrepreneurs can choose to rent options. Suppose you want to rent the space daily, weekly, or monthly; you can do this with coworking spaces. Meanwhile, traditional coworking only allows you to book or rent a space every month. This flexibility will enable entrepreneurs to scale their workspace needs based on their requirements, and they can acquire space accordingly. 

3- Amenities for Entrepreneurial Success:

Coworking spaces often have many amenities and facilities designed to support Pakistani entrepreneurs. These amenities include conference rooms, meeting rooms, private offices, dedicated desks, super-fast internet, printing, and video conferencing facilities. Thus, all you need for your business exploration can be found in coworking spaces. Therefore, acquiring coworking spaces, especially for new entrepreneurs, can be more beneficial. 

4- Networking and Collaboration Opportunities:

Coworking spaces are bustling hubs of creativity and innovation if you are a new startup. Additionally, most coworking spaces host professionals from diverse professions and backgrounds, enabling you to network and collaborate with like-minded individuals. Coworking spaces are known for their community, which includes members from various industries and allows you to network and corroborate. Whether sharing ideas over coffee or attending meetings or conferences organized by the coworking space, entrepreneurs can extend their professional network and make valuable connections. 

5- Professional Workspaces for Entrepreneurs:

With the current inflation, costly electricity, and other expenses, it could be a real task for an entrepreneur to survive with a small budget. However, looking for an alternative, such as coffee shops or working from home for a new Pakistani entrepreneur, can be more distractive, making it challenging to stay focused and productive. This is where the coworking spaces offer a dedicated and professional environment to stay focused and productive. However, you can book a hot or dedicated desk, meeting room, or private office according to your needs and budget constraints. Additionally, the coworking spaces are filled with fast internet, a professionally pleasing environment, and ergonomic furniture that can help entrepreneurs be more productive.

Bottom Line:

Coworking spaces are the future of business in Pakistan, whether you are a Pakistani entrepreneur or a freelancer. Coworking spaces are for everyone, but entrepreneurs can benefit more by reducing their office renting costs, enjoying amenities, networking, and finding cost-effective solutions. 
If you are an entrepreneur looking to rent a coworking space in Lahore, chant the WorkPod loudly. Call +92-3111100419 today to book your office or desk space with WorkPod!