Coworking spaces can help startups and professionals reduce office space costs and eliminate the need for infrastructure.
If you have been bitten by the startup error and find that the home dining table is too small for your growing business, you will need to lie down in an office space. The story remains the same for individual professionals, small business owners, and consultants. The correct address is both a business card and your product or service. But good addresses are expensive and it takes money to burn other things, like customer acquisition.
According to a report by research company in India, "Real estate spending represents approximately 9 to 12 percent of the total cost of ownership (may vary from market to market) for a company and could represent more in a startup"
Several companies across India offer shared workspaces that can be rented by the day, or month. To give you an idea: if you are a single professional and occasionally need an office to meet your clients, you can rent an office space every day. If you are working on a project and need the office for a full month, the office space is between 8,000 and 10,000 per person per month.
Report says: "In addition to companies, people like nomads, expatriates, or those traveling to the country for a limited period of time, include those who prefer plug-and-play joint workspaces. Another element is the growing volume of freelancers supporting companies with outsourced services that specialize in consulting, and design, such as recruiting and advertising. "
What options do you have?
You can choose from a variety of options, eg. flexible desks, fixed seats, and private cabins. Depending on availability, you can reduce or increase the number of seats or space in the same location as needed. Prices and services vary by location and service provider.
In recent years, many international and national companies have entered the joint workspace in India. According to a report, "There are more than 120 operators in the eight largest cities offering shared space and collaboration. In India, some established developers are partnering with a joint venture to establish their own services in this area At the same time, national players such as Spring House. accelerate their business activity at a rapid pace, with strong competition from foreign operators and competitors.
The demand for these rooms is expected to improve only in the future. "The potential size of the cooperating market in India is expected to reach 13.5 million users by the end of 2020,"
What are the advantages?
Cost:
Cost savings are the biggest benefit. Collaboration centers not only ensure low or negligible costs for setting up an office, they also help to reduce recurring monthly costs.
According to a report, "the cost of a common level 1 workspace in the business district is 20% lower than a traditional 60-square-foot A-class office."
Compared to a standard lease, 5 to 15% is saved per seat on a shared workspace.
Shared infrastructure:
These offices not only offer a work area but are also integrated into common support staff such as the household, canteen, reception and other infrastructures that are difficult for individuals or small people to organize. In this way, the costs can also be shared, you do not have to pay separately for each service, as the total costs for shared facilities and infrastructure are shared among all residents.
Flexibility:
The other benefit that stimulates the demand for such office space is the flexibility and personalization that they offer. You can choose to work from a booth, an open space, or even a meeting room. The price varies depending on the location, facilities, and service.
Multiple offices:
Apart from that, if you have customers, partners or employees in different cities, you may not have full offices in all locations. Many service providers offer shared jobs in different cities.
These offices are more suitable for professionals or companies with small teams who need offices in privileged areas. According to the report, "self-employed and small and medium-sized enterprises (SMEs) should contribute to 1.5 million users, while startups should create up to 100,000 jobs by 2020".
The demand for shared offices is not limited to metropolises or level 1 cities. The first 6 cities will need approximately 5 million seats in shared workspaces, while 8.5 million of the forecast demand will work in Tier 2 and 3 cities.
Before you decide to rent office space for more than a few days or months, request a trial period. Get in touch with the best coworking space in Delhi or anywhere in your nearby location and book a tour.
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