Why should young Togolese entrepreneurs consider sharing workspaces?

Togo is a developing country where young entrepreneurs face many challenges in launching and growing their businesses. One of the biggest challenges is the lack of affordable workspaces tailored to the needs of young entrepreneurs. This is why more and more young Togolese entrepreneurs are turning to shared workspaces to reduce costs and boost business growth.

Coworking is the practice of sharing an office or workspace with other entrepreneurs who don't have the financial means to rent their own workspace. Each entrepreneur is responsible for their own business, but everyone contributes to rental costs and overhead, significantly reducing costs for each member of the group.

Sharing workspaces offers many benefits for young Togolese entrepreneurs. First, it significantly reduces the costs associated with renting a workspace, which is particularly important for young entrepreneurs with limited financial resources. By sharing workspaces, young entrepreneurs can save on rental costs, electricity, water, and internet fees, among other things.

Additionally, shared workspaces can create a collaborative environment that can foster creativity and innovation. By working alongside other entrepreneurs, young entrepreneurs can benefit from the skills and knowledge of other group members, which can help develop their own talents and skills. This can also lead to career and growth opportunities for all group members.

Finally, co-working can provide young Togolese entrepreneurs with an opportunity to network and develop valuable professional relationships. By working alongside other entrepreneurs, young entrepreneurs can meet people with similar interests and shared goals, which can lead to future collaborations and business opportunities.

In Togo's challenging socio-economic context, coworking can be an innovative solution to help young entrepreneurs launch and grow their businesses. By reducing the costs associated with renting workspace, stimulating creativity and innovation, and providing opportunities for networking and professional development, coworking can help young Togolese entrepreneurs succeed in their businesses.

Djamiou ABOUDOU