While running a small business or a startup, getting the best for the business is always the foremost priority. An entrepreneur, at every given opportunity, would cash-into make a business successful.
The work environment and space in which the business operates impacts directly on the business owner and the employees. A right working space enables in the conversion of ideas into reality, by providing an ecosystem that subconsciously enables this conversion. Today, in India one will see that Coworking spaces have sprouted across most of Tier I and Tier II cities including Bengaluru, Delhi NCR, Mumbai, Hyderabad, Chennai, and Pune. These spaces today not just provide the right set of office infrastructure to the startups and SMEs, they also offer an ecosystem that enables these companies to succeed.
Office Spaces for Business Owners
Freedom to Grow
Startups and SMEs across India are today turning to coworking, for the many benefits they are offering. The core reason is the freedom to grow that these coworking spaces offer to the users. Having a work environment that is flexible is highly important for startups and entrepreneurs. It is ambiguous when one is running a startup or an SME, it is difficult to predict the business hours or the flexibility that is required to scale or downsize. From an operational standpoint, the coworking spaces are proving to be providing the kind of flexibility, freedom, and scale that companies need.
The ability towork alongside other like-minded individuals acts as a key for smartentrepreneurs to lead their business towards success. A coworking space provides exactly the type of ecosystem that is required to enable businesssuccess. The way the coworking spaces are designed and built, enable differentusers or members across various startups and SMEs have an open dialogue, freelyshare ideas and support each other in the growth story. In most of the cases,there is also a high possibility of finding partners or customers at a coworkingspace. If you are looking to build your network in a coworking space check out5 Simple Ideas to Build a Relationship in a Coworking Space.
An entrepreneur is always conscious of how each penny gets utilized in the business. Coworkingspaces generally offer an attractive fee that proves to be value for every penny spent. Given that leasing a stand-alone office space comes with high rentals, long term contracts, and hidden costs, coworking spaces come with significantly fewer costs and are hassle-free. The lease security deposit for private office spaces in India costs anywhere between 6 months to 10 months. The cost-effectiveness of a coworking space does make it very attractive to many entrepreneurs.
If one has to choose a private office, it comes with long term lease periods and lock-in periods ranging from 3 years to 10 years. In a coworking space, the entrepreneurs get the flexibility of choosing from a shorter lock-in to medium lock-in periods depending on the plan they choose. The entrepreneurs also get the freedom to choose a plan where there is no security deposit involved or a very minimal security deposit ranging from 1.5 months to 3 months.
While the optionto work from home, café or from a private office space may seem like a greatoption. Working in a coworking space always comes with benefits that surpass allthe other available options. Coworking spaces offer a variety of plans, ranging from hot desks, dedicated desks, private cabins, managed offices, and virtual offices. Choose a planthat suits you the most to make the most of a coworking space.