Since 2019, the presence of coworking spaces in France has increased by 60%, proof that they're winning over entrepreneurs. Why is this? Because they provide essential services for businesses: a place to work, equipment and a good atmosphere.

Domiciliating your company: definition

Corporate domiciliation is defined as choosing a postal address for your company. This is the address of your registered office, the one that will be noted in the company's articles of association. 

This address determines the basis for local taxes, notably the CFE (cotisation foncière des entreprises). This tax varies according to the commune, which is free to set the amount. 

So, when deciding where to locate your company's head office, you need to consider local tax rates.

💡 A company's registered address can be chosen independently of the address of your place of business. For example, you can choose a coworking space.

Why choose a coworking space? 

Every entrepreneur has his or her own dreams, but they are often rooted in the same imaginary world. The dream of success has a name: the United States. Who doesn't dream of success comparable to that of the great names in industry over the last thirty years? 

  • Bill Gates, 
  • Steve Jobs, 
  • Elon Musk. 

To get close, it's important not to go it alone. None of these entrepreneurial geniuses built their empires with their own hands. They were helped by experts in the fields they needed, or still need. 

Coworking was born in the USA. Since then, countless large companies have grown up in these sharing spaces: 

  • Instagram, 
  • Uber, 
  • Hootsuite, 
  • Spotify, 
  • etc. 

🔎 Born in 2005, in a San Francisco building, software engineer Brad Neuberg's coworking concept made Bill Gates and Paul Allen's garage seem like a has-been myth. Today, what works is shared experience.

What also makes the difference is the self-sacrifice it takes to succeed in business. Malcolm Gladwell summed up success in the 10,000-hour rule. So, working 8 hours a day, 6 days a week, it will take you 208 weeks to master your field and outperform your competitors. 

208 weeks is the equivalent of four years' hard work. Do you think you can do it alone in your living room? On the contrary, you'll need to rely on others to help you, to support you, to encourage you in difficult times. This is where coworking comes in . 

What are the advantages? 

The advantages of coworking are numerous. They allow you to : 

  • Don't isolate yourself, 
  • Take advantage of a professional network, 
  • Improve the company's image, 
  • Reduce material costs, 
  • Don't work alone at home.

1. Coworking means no isolation

Many entrepreneurs go into business thinking they've discovered the idea of the century, but find themselves unable to sell it. Why is this? Because, quite often, they keep their idea jealously guarded, away from the gaze of others. 

Except that it's precisely these "others" that provide the knowledge of the pitfalls to avoid, the storytelling to create to bring a concept to life, or the steps to put in place to raise funds or run marketing campaigns to launch a product. 

The isolated entrepreneur will always be the leader of a moribund business. Coworking makes it possible to avoid this fate, which is shared by the managers of the thousands of companies that disappear every year. 

2. Coworking offers a professional network

Belonging to a network is essential. All the big bosses have understood this. It's no coincidence that business clubs exist all over France.

The list is long, but joining these business clubs requires co-optation. And when you're just starting out in the world of entrepreneurship, and your family origins don't play in your favor, it's best to forget about these very select circles. 

This is where the coworking space comes into its own. It enables entrepreneurs with goodwill and special skills to build their network, according to their needs, what they can bring to the table, and their affinities. 

3. Coworking improves corporate image

Having a registered address in a coworking space naturally improves your company's image. The big companies we mentioned earlier, such as Uber or Instagram, which were born in this type of location, contribute to this.

They give your contacts the impression that your company has the capacity to prosper, because you've understood the importance of networking. Coworking also gives them the reassurance that you take your business seriously, and don't just do it as a hobby. 

4. Cost reduction

Coworking spaces are always equipped with office equipment: 

  • printers, 
  • scanners, 
  • shredder, 
  • etc. 

This means fewer investments to make. But it doesn't stop there. Coworking spaces are increasingly designed for conviviality. Most are split between work and relaxation areas. 

Coffee and juice machines, chairs and armchairs, footstools and games tables are all available to entrepreneurs, and don't need to be purchased.  

5. Coworking, so you don't have to work alone at home

The vast majority of entrepreneurs setting up their own companies are self-employed. Nomadic workers who work from their homes or apartments, but who face the same economic hazards as other industries. 

The lack of customers, the difficulties to overcome in the tasks to be carried out, the negative results, are realities that strike all structures.

⚠️ To avoid sinking into negativity and giving up, it's best to share your problems with others who are experiencing, or have experienced, the same setbacks.

Coworking spaces also help to avoid boredom. Coding or debugging programs, entering data, writing marketing campaigns or producing industrial designs can sometimes be very boring. 

Working in a coworking space is the best way to break the monotony. It's also whereinspiration comes from. Coworking improves productivity and saves time (remember the 10,000-hour rule?). 

Conclusion

Locating your business in a coworking space offers a number of advantages. Whether you're looking toimprove your company's image, build up a professional network or use expensive equipment, coworking spaces are a wise choice. 

The new starting point for start-ups, coworking spaces are friendly places that boost productivity and give birth to new ideas. To avoid boredom and combat the negativity that entrepreneurship can bring, coworking is the solution.