Coworking spaces offer entrepreneurs and startups flexibility, networking , and lower costs compared to traditional offices. Maria Trujillo, a graphic designer, grew her client base through coworking interactions, paying far less than a standard office setup. In contrast, Erin Padilla faced high setup costs in 2007. The global demand for coworking spaces is rising, with companies like WeWork rapidly expanding, especially in Asia. These spaces also appeal to large corporations such as HSBC, Dell, and Microsoft, who use them to foster innovation, attract talent, and stay attuned to industry trends. The combination of flexibility and community makes coworking spaces attractive for both new and established businesses.
Vocabulary :
• Serendipitously (adverb): Happening by chance in a happy or beneficial way.
• Referral (noun): A recommendation or direction to someone or something.
• Standalone (adjective): Independent or operating separately from others.
• Upfront (adjective/adverb): Paid or done in advance, before receiving any benefits or services.
• Disruption (noun): A disturbance or problem that interrupts an event, activity, or process.
• Acquisition (noun): The act of acquiring or obtaining something, often referring to businesses.
• Entrepreneurial (adjective): Having the qualities of an entrepreneur, such as being innovative or willing to take risks.
• Aggressively (adverb): Acting with force and determination to achieve a goal.
• Expansion (noun): The process of growing or increasing in size, number, or importance.
• Pantry supplies (noun): Items like food, drinks, or other basic provisions for an office or home.
• Lease (noun): An agreement where one person allows another person to use something, like a house or a car, for a certain time in exchange for regular payments.