CO-WORKING SPACE / VIRTUAL SPACE


CO-WORKING SPACE

Co-working is a business services provision model that involves individuals working independently or collaboratively in shared office space.  Larger enterprises sometimes use co- working facilities to provide office space when they have more than the normal number of employees working at any given time. In this case, the business may maintain a certain number of memberships to the co-working service.


The owner of the space provides a work environment and, usually, office equipment and amenities found in a typical office. Typical features of coworking facilities include:

  • Shared work spaces.
  • 24/7 access.
  • Reservable/rentable conference and/or board rooms.
  • Wi-Fi.
  • Communal printer/copier/fax.
  • Private branch exchange (PBX) systems.
  • Shared kitchens, bathrooms and lounges.

Coworking facilities follow various business models. Some facilities, for example, are cooperatively managed spaces run as non-profit organizations. Such organizations may charge members just enough to support operations. Other models include flat-rate memberships and fee structures based on access for a single visit or a certain number of days per week, month or year. Often, a coworking facility will offer a number of options to suit individual needs. 

VIRTUAL SPACE 

A virtual office provides communication and address services for a fee, without providing dedicated office space. It differs from "office business centers" or "executive suites", which do provide physical office space and/or meeting rooms.  They paid a monthly service fee to use the phone and mailing address for their own needs and met with customers in the conference room to present a professional appearance. Today, virtual offices mean something different.

virtual office (or virtual company) refers to a company that may not have a fixed location yet functions as a unit to provide goods and services to customers. It relies on the Internet for document exchange, video conferencing for meetings and cell phones so employees can keep in touch. The office's employees might work at home or in different cites and countries.