What is “coworking”?

Being involved in Lancaster’s coworking space – The Candy Factory – has had tangible benefits for my business through increased networking, collaboration, sharing of ideas and resources. In fact, right now some of my projects are collaborations between myself and others working at The Candy Factory.
So what is coworking anyway?

I came across this video that does a much better job of explaining the movement than I can. Enjoy.