How coworking office helps you to establish your business in a new city

Starting Operations in A New City? Here’s How Coworking Offices Can Fill in the Requirements

posted in: Coworking | 0

Starting your business in a new city can be a thrilling and daunting experience at the same time. It comes with loads of requirements, starting from finding the best location and setting up an office to establishing your business network, hiring local talents, and more. Sounds like a lot of work?

What if we told you that a coworking space helps you meet more than half of these requirements? Let’s find out how a shared office helps you in every step of establishing your business in a new city.

How coworking office helps you to establish your business in a new city

How coworking office helps you to establish your business in a new city

1. Find an Office in the Best Location

The first step of starting operations in a new city is to identify a good location for your business. You cannot choose just any location but one that is ideal for business and has good accessibility. Often, the commercial office spaces in prime localities are grossly expensive and can drain you financially.

Coworking spaces in metros and tier-II cities offer office spaces in the best locations without making you spend a fortune. Coworking operators typically have relatively large properties in the CBDs and SBDs of a city. They then rent them to companies like you, who may have smaller area requirements so you can choose one that best fits your budget, requirements, and demographics. If you want a bigger bang for your bucks and more flexibility in location, you can also consider neighborhood coworking.

2. Get A Physical Address for Your Business

A physical address for your business is a must when you start operations in a new city. Besides increasing your credibility, a business address comes in handy while registering the company, enlisting it in local directories, filing taxes, and preparing business documents.

Shared offices across Indian cities cater to this crucial business requirement. When you choose a coworking space in Gurgaon, Delhi, Noida, or other cities, you get a proper business address to use for your operations and branding. The service operator will also provide you with all the documents required for registering the business, such as NOCs, rental agreements, utility bills, etc.

3. Set Up the Office Fast with Minimal Effort and CapEx

Coworking spaces help you set up your office in a new city without spending too much time, effort, or money. These fully-furnished and move-in-ready offices come with all amenities, starting from desks and printers to security and front-desk services. You need not spend long hours or large amounts of money on furnishing the place.

Many coworking offices in Mumbai, Bangalore, Delhi, Gurgaon, Noida, and other cities also offer managed offices where you get dedicated office space that reflects your brand identity. Such offices are ideal for established businesses relocating or expanding to a new city.

4. Establish Your Network

A reliable and mutually beneficial professional network is the backbone of every business. Typically, when you start operations in a new city, it takes a while to establish a strong business network. You have to spend weeks or months looking for events and avenues where you can meet people and form connections.

Coworking spaces in metros make it easier for you to establish your business network as soon as you start operations in a city. As a platform that houses several businesses, a shared office is a great networking avenue in itself. The networking events, panel discussions, launch parties, and entrepreneur talks hosted by coworking operators further help you widen your local connections in the new city.

Starting Operations in A New City? Here’s How Coworking Offices Can Fill in the Requirements

5. Find Potential Collaborators

Entrepreneurs who start operations in a new city must find business collaborators to grow and succeed. Coworking helps you with this requirement quite effortlessly. Collaboration is weaved into the very concept of a coworking office – it is a community-inspired workplace where you can form cross-business partnerships.

Take, for instance, the case of a coworking space in Delhi, Gurgaon, Noida, Mumbai, or Bangalore. It houses professionals and freelancers from diverse industries, such as IT, web development, accounting, digital marketing, and others. Whether you are looking to design a new website or develop an app, the service is available right across the floor!

6. Get Easy Access to Resources

Access to resources, both economic and human, is a crucial requirement for businesses trying to find their feet in a new city. Coworking fills in this requirement in several ways. For starters, having a shared office increases your chances of attracting and retaining local talents. Workplace flexibility is a must-have for employees these days, so you can leverage the flexibility offered by coworking spaces to build your team.

Similarly, shared offices enhance your access to economic resources, whether it is funding opportunities, business loans, grants, or start-up schemes. Emotional resources, such as support groups, are also handy. Above all, when you want practical inputs – for instance, which is the best bank in the city to open a corporate account or how to obtain a license – you can always turn to your coworkers for information or references.

Final Thoughts

Expanding or relocating your business to a new city is indeed a big leap. With lots of requirements to meet, it could feel like a mammoth task. However, by choosing a coworking office in the city, you can get half the work done and find your feet faster.

Are you starting operations in Gurgaon, Noida, South Delhi, or other parts of the NCR? Get in touch with The Office Pass (TOP) today!

BOOK A COWORKING TOUR

10 Major Factors That Determines Employee Productivity at Workplace

How the Environment of a Workplace Determines the Productivity of Employees

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Do you think offices are just physical spaces where your employees can sit and work? And, your business will thrive as long as you have a good team? Think again! Studies from all over the world show a strong connection between the environment of the workplace and employee productivity.

A workplace environment consists of many factors, starting from physical features like the office design, layout, and facilities to social aspects such as collaboration, communication, diversity, inclusion, workplace ethics, and more. In other words, it is a combination of many elements that enhance employee productivity and determine their attitude at the workplace. Let’s look at the main components of a workplace environment and how each of them determines employee productivity.

10 Main Factors That Determines Employee Productivity at Workplace

  1. Office Design
  2. Workplace Layout
  3. Facilities
  4. Recreation Factor
  5. Collaborative Spirit
  6. Ease of Communication
  7. Agility
  8. Support and Encouragement
  9. Diversity and Inclusion
  10. Learning Opportunities

1. Office Design

Design is a crucial element that constitutes the workplace environment. A well-designed office with well-furnished workstations, ergonomic furniture, sufficient lighting, ample ventilation, stimulating colors, and fitting décor will help employees stay focused on their work. On the other hand, poorly designed workplaces and lack of ergonomics cause discomfort and distractions and get in the way of employee productivity.

2. Workplace Layout

The layout of the office is as important as design in creating an environment that promotes productivity. According to a report by JLL, a workplace layout that combines both community areas and private spaces is necessary to boost the employee experience.  An open or mixed floor office that incorporates focus rooms, quiet zones, outdoor/green areas, brainstorming rooms, socialization corners, etc., enhances the engagement and productivity of its users.

3. Facilities

A productive workplace is one where employees have access to all required amenities. Easy access to facilities – from coffee machines to printers to restrooms to high-speed internet – can influence how your employees feel while working hard. Moreover, a corporate workplace equipped with facilities reduces distractions and improves focus.

How the Environment of a Workplace Determines the Productivity of Its Users

4. Recreation Factor

Employee productivity is heavily dependent on their physical, emotional, and mental wellbeing. And that’s where workplaces with good recreation facilities score high. Having gyms, fitness rooms, gaming corners, chill-out zones, break-out areas, and activity rooms within the office helps reduce stress while your employees work hard on projects. The more relaxed they are, the better their focus and productivity will be.

5. Collaborative Spirit

Studies show that businesses that promote collaboration are likely to perform five times more than those that don’t. Naturally, a workplace that facilitates collaboration enhances the productivity of its occupiers by several notches. Coworking offices are a fine case in point – as spaces that house diverse businesses and professionals, they serve as collaboration hubs and drive innovation.

6. Ease of Communication

A workplace that encourages easy and hassle-free communication can positively impact the productivity of its users. When teams work together on projects, they must be able to communicate freely and in real-time to avoid misunderstandings and frictions. That’s why many companies are ditching cubicles and partitions in favor of open workstations that facilitate barrier-free communication.

7. Agility

Employee productivity is directly proportional to workplace agility. Imagine having to sit at the same desk while working on a report, attending a video call, discussing a confidential project, and having a casual chat with a colleague. An agile office with desks for regular work, quiet nooks for focused work, dedicated rooms for meetings, lounges for casual chats, etc., supports flexible working and impacts the employee output to a great extent.

8. Support and Encouragement

This is a no-brainer – people are more productive when they feel supported in their work environment. For instance, an office having a community-inspired and collaborative workplace culture offers its users more support than a traditional office. Such workplaces facilitate the sharing of ideas, expertise, knowledge, and resources. That’s one of the reasons entrepreneurs, solopreneurs, and freelancers thrive in coworking offices.

9. Diversity and Inclusion

A work environment that promotes diversity and inclusion boosts not just employee productivity but also their behavior in the workplace. Whether it is a corporate workplace or a start-up office, all individuals regardless of gender, class, designation, and other differences must be able to coexist. When diversity and inclusion are part of your workplace ethics, people enjoy equal access to opportunities, which results in better productivity.

10. Learning Opportunities

A workplace that offers ample learning opportunities has a positive impact on the productivity of its users. When mentorship programs, social events, workshops, entrepreneurial training, networking events, etc., are included in your workplace culture, employee productivity grows by leaps and bounds. Such programs serve as avenues of learning where people get the guidance they need to grow and succeed in their careers.

Final Thoughts

The connection between the environment of a workplace and employee productivity is clear – the more inclusive, collaborative, supportive, agile, well-equipped, and well-designed an office is, the higher the productivity of those who work in it.

That’s one of the main reasons why many companies are turning to coworking these days. In addition to offering a well-furnished workplace conducive to employee productivity, shared offices boasts of workplace ethics rooted in collaboration, support, and synergy.

Are you looking for a coworking office where you can stay productive? Check out The Office Pass (TOP) today at 8999 828282!

BOOK A COWORKING TOUR

10 Best Government Schemes for Entrepreneurs in India 2024

6 Common Office Related Problems Faced by Entrepreneurs and How to Overcome

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Setting up an office boosts focus, collaboration, brand credibility, and attracts talent, clients, and potential investors.

Finding budget-friendly office space in India is tough. From location to lease terms, entrepreneurs face many challenges—but solutions exist for each.

6 common office-related problems faced by entrepreneurs and their solutions

  1. Choosing the Right Type of Office
  2. Finding the Right Location
  3. Assessing Rents and Costs
  4. Dealing with Lease Terms
  5. Furnishing and Maintaining the Office Space
  6. Choosing the Right Layout

1. Choosing the Right Type of Office

Finding the right type of office is more challenging than it appears. Not everyone can work from garages; not every business needs a dedicated and spacious private office either. When it comes to office space for entrepreneurs, there are no one-size-fits-all solutions – each company has its unique requirements, preferences, and limitations.

The key here is to choose an office that suits the size, maturity, and future plans of your company. While coworking office spaces are ideal for start-ups, evolving brands, and even large corporates with a distributed workforce, managed offices are a good choice for mature companies looking for a dedicated workspace that reflects their brand identity.

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2. Finding the Right Location

Identifying the right location is another challenge entrepreneurs face while hunting for an office. A centrally-located office with access to all parts of the city helps boost your business and brand visibility. However, commercial properties in prime localities are often exorbitantly priced, and hence unaffordable for entrepreneurs.

Shared offices are an ideal solution for entrepreneurs who want to set up their offices in a CBD or business park without breaking the bank. All reputed coworking operators have offices in prime business localities – you can choose a plan that best suits you. You can also opt for neighborhood coworking, where you can distribute your team over multiple locations.

 

The Office Pass South Delhi
 The Office Pass (TOP) Coworking Space in Delhi

3. Assessing Rents and Costs

Traditional office spaces come with hefty monthly rents and other costs – even established corporates spend up to 12% of their operational costs on real estate requirements, say surveys. For entrepreneurs running SMEs, it could go higher. In addition to monthly rents, you must also factor in security deposits, monthly maintenance charges, value-added services, utility bills, and the like.

Coworking serves as an excellent office space solution for entrepreneurs in this regard. Monthly rents and security deposits of coworking office spaces are lower than traditional offices, and there are no hidden charges either. According to studies, coworking helps business owners in major Indian cities can save up to 25% of their operational costs.

4. Dealing with Lease Terms

Entrepreneurs who are in the early stages of establishing their business don’t often have fixed requirements or plans – what they need is the flexibility to scale up or scale down. Choosing an office space for entrepreneurs with long-term leases and commitments can come in the way of flexibility.

Coworking is a great choice for entrepreneurs because of the flexibility it offers on all fronts. For starters, the lease term and notice period of shared offices are shorter than traditional offices. There is no lock-in period, which means you can exit the office or switch to other plans without hassles. Moreover, you can choose the number of desks as per your requirement and add or remove desks as you expand or downsize your team.

5. Furnishing and Maintaining the Office Space

Furnishing and maintenance are two common concerns of entrepreneurs looking for an office. You might get an unfurnished office at a lower rent, but you will end up spending a lot on furnishing the office. Likewise, maintaining the office can be a task that consumes your time, energy, and money.

Here again, coworking offices serve as the best type of office space for entrepreneurs. Shared offices are pre-furnished with ergonomic workstations, office accessories, office furniture, and all other amenities. All office-related maintenance activities are carried out by the service provider, so you can steer clear of such worries.

💡 SMBs looking for HR, Marketing, Technology and Funding solutions for their business.
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6. Choosing the Right Layout

Choosing an office with the right design and layout can prove to be a challenge for entrepreneurs. To begin with, the workspace you choose must enhance the productivity and agility of your team. Ease of collaboration and networking is also a top priority, especially if you are a start-up or solopreneur.

Traditional offices with enclosed cubicles and partitions have had their day – now is the time of agile offices that combine common and private areas. The open floor design of a coworking space is ideal for entrepreneurs as it offers a dynamic, collaborative, and flexible work environment. At the same time, it comes with private nooks, quiet corners, meeting rooms, and other zones and areas – you can choose an area depending on the nature and intensity of your work.

Our Two Cents

Setting up an office might look like a challenge, but you can easily fix it with the right office space solution. For entrepreneurs who want a cost-effective office that offers the benefits of location, flexibility, agility, productivity, and ease of collaboration, there’s no better solution than a coworking office.

Want to know more about how shared offices can help ease your office woes? Contact The Office Pass (TOP) to book affordable coworking spaces in Gurgaon, Noida and South Delhi today at 8999 828282.

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The Office Pass opens its 9th office in Gurgaon near HUDA City Centre Metro Station

The Office Pass (TOP) opens its ninth office in Gurgaon near HUDA City Centre Metro Station

posted in: Coworking in Gurgaon | 0

New Delhi, 3rd Aug 2021: Notwithstanding the COVID 2nd wave & the slowdown in Commercial Real Estate, Neighbourhood Coworking operator, The Office Pass (TOP) further strengthened its roots in Gurgaon, India, by expanding its operations in the city. The company launched its ninth office at Unitech Cyber Park, Gurgaon, bridging the supply gap created by the rising demand for flexible neighbourhood workspaces from large and mid-size companies.

Situated near the HUDA City Centre metro station on the DMRC Yellow line, the office is easily accessible for people living anywhere in Gurgaon and Delhi. The new office boasts of a contemporary cutting-edge interior with a balance of warmth, minimalism and modern amenities. The office is divided into six blocks of approximately 60 desks each. Additionally, there are multiple meetings and conference rooms that can be booked without any additional charge.

“With this TOP becomes the only Neighbourhood coworking company to have seven running offices in Gurgaon. This is also in line with our vision of becoming the 7-11 equivalent of Coworking in India. Folks in Gurgaon can now reach the nearest TOP office within 10 min of wherever they are. We also have one office each in South Delhi and Noida.” said Aditya Verma, Founder& CEO of The Office Pass (TOP).

The Office Pass South Delhi
The Office Pass (TOP) Coworking Space in Delhi

The new workspace is ideal for support staff of financial services, insurance, and customer connect teams of corporates looking for flexible space. The new centre has been designed in compliance with the latest safety and hygiene standards to provide a healthy and secured workplace ecosystem.

Additionally, TOP plans to open their 10th Neighborhood Coworking Office in Gurgaon before September. The new office will be a 200-300 seater space either on the Golf Course Road or Sohna Road

In the near term, TOP plans to open 35 neighbourhood coworking spaces and 15 managed offices across Delhi-NCR, Mumbai and one more city to further strengthen its presence. These centres will cater to large corporates, SMEs as well as start-ups, continuing to nurture the spirit of innovation and enterprise across the nation.

“We reached operational breakeven last year and are on track to become profitable. Now that we know how to make money in this business, we would like to expand aggressively, keeping profitability at the centre stage of our growth.” said Nikhil Madan, Co-founder of The Office Pass (TOP).

The Office Pass (TOP) currently has 9 operational coworking centres. Neighbourhood Coworking is different from conventional Coworking as it caters to people living nearby. TOP offices are smaller in size (average 150-250 seats) but are spread across the city and near to both Commercial and Residential areas.

Given the resurgence in the number of Covid19 cases in the country, companies are relying more on work-from-home or work-near-home arrangements for their employees. This is fuelling the need for flexible offices. According to the JLL-FICCI report of 2019, the flex space market is expected to witness a growth of over 50 mn sq. ft. by 2023, with an average increase of around 15-20% per annum over the next three to four years.

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