Entrepreneur Jared O'Toole Grows His Company at Mission 50 Workspaces in Hoboken, N.J.

Some of the world's greatest business minds began their companies inside the confines of garages, basements and college dorm rooms. Today, an equal number of emerging entrepreneurs are building successful companies out of collaborative coworking environments such as Mission 50 Workspaces in Hoboken, N.J.

After graduating college with a bachelor's degree in finance, Jared O'Toole became passionate about entrepreneurship, branding and leveraging new media tools. Rather than pursuing a traditional corporate career, O'Toole and his friend, Matt Wilson, founded Under30CEO in 2009. The fledgling entrepreneurs chose Mission 50 as the next step to build and grow their company.

Under30CEO is a media site designed to inspire and motivate the next generation of business leaders by offering cutting-edge news and advice geared toward ambitious "20-somethings." Expanding the Under30 brand, Under30Experiences was launched in 2012 to focus on providing young professionals with life experiences through global travel.

Coworking provides opportunities for like-minded professionals to connect with one another and share new ideas in a stimulating and vibrant atmosphere. Access to other entrepreneurs is vital, particularly in the early stages of launching a company. Mission 50's dynamic setting fuels creativity, promotes networking and helps new businesses gain invaluable exposure.

"Mission 50 is a friendly, fun and collaborative place to do business," said O'Toole. "I am able to connect with people from a variety of diverse backgrounds who are running businesses that are completely different than mine. In growing the Under30 brand, it has been invaluable to exchange ideas, obtain feedback, and have business conversations with people from outside of my industry."

Located in the penthouse of the multi-tenanted, 80,000-square-foot Hoboken Business Center, Mission 50 is a shared work environment for independent professionals, entrepreneurs and small businesses. Members are provided with daily to monthly leasing options, and a choice of private and shared workspaces. Amenities include laptop-ready desks with Internet connectivity; virtual mailing addresses; print, copy, scan and fax capabilities; and three soundproof phone booths.

Mission 50's regularly scheduled social and on-site networking events further cultivate interaction and camaraderie. NJ Tech Meetup, the Garden State's largest tech community, also is a Mission 50 member.

In a post-recession environment where emerging startups have become more cost-conscious, shared work environments also provide an affordable, effective solution to traditional office space. Mission 50's flexible leasing terms and reasonable pricing are perfect for an individual or small organization's needs. The space itself is equally flexible, offering a choice of library-style seating, private offices, standing work stations and relaxing lounge areas.

"I do a lot of traveling and have many off-site meetings so I don't need an office seven days a week. My membership at Mission 50 is not only affordable, but affords me the flexibility to use the space as much or as little as necessary," O'Toole said.