10 Checkpoints to consider before moving your Business to Coworking Space

Why Coworking Is Ideal for Women Entrepreneurs?

posted in: Entrepreneur | 0

Coworking spaces empower women entrepreneurs by offering flexibility, support, and opportunities to grow their businesses efficiently.

6 Reasons Why Coworking Is Ideal for Women Entrepreneurs

  1. It empowers them
  2. It provides them with the right work environment
  3. It opens up networking opportunities
  4. It increases funding prospects
  5. It enhances the chances of finding a mentor
  6. It offers a proper business address

1. It empowers them

Women empowerment is a catchphrase all businesses use these days. Organizations spend their money and resources on initiatives that empower their female workforce. Despite such efforts, women are still not standing on equal grounds, even in India’s metropolitan areas. The existing work culture tends to favor men, and as a result, women often don’t get access to resources and opportunities as easily as their male counterparts.

Coworking contributes towards leveling the playing field for women. Unlike traditional offices that are often unfriendly or unaccommodating towards women, shared offices are spaces where women can work freely and unconstrained by gender stereotypes. It’s a crucial step towards creating inclusive, safe, progressive, and creative business communities where women can work without being looked down upon.

 

The Office Pass Gurgaon
The Office Pass (TOP) Managed Office on Golf Course Road, Gurgaon

2. It provides them with the right work environment

Most people consider it a convenient option for women entrepreneurs to handle their business while working out of homes. After all, it helps them attend to their professional and familial commitments, doesn’t it? Well, the case is quite the contrary. Though working out of home does have its own benefits, it often leads to women compromising on the work front, undermining their ambitions, and missing out on opportunities.

A coworking space, on the other hand, has the right environment where they can concentrate on work leaving aside the worries of home and hearth. Also, if women entrepreneurs have a partner or a team of workers, a coworking space can be the right spot to sit as a team and brainstorm ideas or get their work done. Neighborhood offices offered by pioneers like The Office Pass (TOP) are also a viable option for women who want a professional space close to their residence. To know more about neighborhood offices, click here.

3. It opens up networking opportunities

Business events, seminars, and workshops are a part and parcel of almost every coworking space. Given that growth opportunities are not always the same for women and men, female entrepreneurs benefit hugely from networking platforms offered by coworking offices.

By being part of a coworking community, they get to meet professionals from different backgrounds. Women entrepreneurs can team up with the right kind of people and gain traction and form successful collaborations. Moreover, networking helps them remain updated on the latest trends and changes in the industry and create business strategies accordingly.

4. It increases funding prospects

When it comes to funding opportunities, women entrepreneurs are way behind in the race even today. As of 2019, women entrepreneurs in India were able to gain just 6.5% of the amount raised as funds among the best 150 sponsored start-ups. Time and again women founders have realized that when it comes to raising funds, they are treated as second-class citizens in the business world.

Lack of support, gender-based prejudices, and unequal access to resources are some of the main reasons why women entrepreneurs fail to get funding. This is where coworking spaces can offer a sliver of hope. Many coworking spaces are attracting an ever-growing base of investors who are open to the idea of tapping into the potential of women-founded businesses.

Also Read: 7 Useful StartUp Tips for Women Entrepreneurs

5. It enhances the chances of finding a mentor

According to a LinkedIn study, around 82% of women professionals believe that it is important to have a mentor in order to succeed. However, only a very small percentage of women can claim to have gained mentorship in their entrepreneurial journey.

Coworking spaces offer women the much-needed opportunity to seek out a mentor. They get a chance to reach out to seasoned entrepreneurs who are aware of the struggles and challenges women face in the business world. Mentors often share their knowledge, experience, and advice, which are invaluable lessons for women entrepreneurs who are trying to make it big in the highly competitive and regrettably biased entrepreneurship landscape.

6. It offers a proper business address

One of the first things people take note of women entrepreneurs is their business address. It gives potential clients an idea about where the company is based and how it functions. Conducting business activities without a proper office address might make the race harder than it is.

The best solution to this problem is to work out of a coworking space that provides women entrepreneurs with a proper business address. It will help them get off to a good start and also create a strong business identity.

The bottom line

In the world of entrepreneurship, the playing field is still uneven for women. However, coworking spaces can help them overcome some common problems faced by women entrepreneurs in India. At the same time, being part of the coworking community can help them stay motivated and inspired in their challenging journey.

If you are looking for a coworking space in South Delhi, Gurgaon or Noida that offers a welcoming and flexible work environment for women entrepreneurs, check out The Office Pass (TOP).

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6 Reasons Why You Can’t Concentrate on Work and What to Do About It

posted in: Coworking | 0

Don’t we all have days when we can’t get anything done despite lengthy to-do lists and looming deadlines? Concentration, or the lack of it, plays a crucial role in how you manage your work and achieve your professional goals.

If you can’t concentrate on work, either you will miss deadlines or the quality of your work will suffer. It can harm your work life, hinder your professional progress, and might even affect your career. Rather than overlooking the issue and waiting for the situation to improve on its own, you need to identify the reasons and take proactive measures to increase your ability to concentrate.

In this blog, we explore six reasons why you can’t concentrate on work and how to resolve each of them.

Top 6 reasons why you can’t concentrate on work and how to resolve

  1. You are surrounded by distractions
  2. Your work environment isn’t ideal for you
  3. You are dealing with way more than you can handle
  4. You are not sleeping enough
  5. You lack energy, both mental and physical
  6. You are stressed out

6 Reasons Why You Can’t Concentrate on Work and What to Do About It

You are surrounded by distractions

Distractions are among the top reasons why most people fail to concentrate at work, especially in today’s work-from-home culture. Sometimes you may not even realize how distractions creep into your work life and create upheavals, no matter how hard you try to focus. Some of the common distractions include kids, household chores, personal commitments, phone calls, TV, etc.

The good news is that you can fix this issue by drawing a line between your personal and professional lives. You can set up a dedicated workspace and designated hours while working from home. Alternatively, you can opt to work out of a coworking space or a neighborhood office close to where you live. Shared office spaces offer a welcoming break from all typical distractions and enable you to focus on your work.

đź’ˇ Are you looking for Coworking space in Gurgaon, Noida or Delhi?. We are just a call away.
Call now: 08999 828282

Your work environment isn’t ideal for you

An ideal work environment can do wonders to improve your concentration and attention span. It, however, is a subjective choice – some people prefer isolated corners or cabins while others love working in a proper office set-up, surrounded by colleagues. Comfortable furniture also determines how long you can concentrate on work – it’s really hard to work for hours sitting on a chair that barely supports your back, right?

Once more, coworking spaces come to your aid here. Shared offices can offer you customized spaces based on your preferences. Whether you want to work amidst the buzz of surrounding co-workers or prefer a private desk or cabin of your own, you will find a package/plan that perfectly fits your bill. If you are working from home, make sure that you invest in good quality furniture for your home office, including a sturdy desk and an ergonomic chair.

You are dealing with way more than you can handle

Multitasking is a much-appreciated quality. However, sometimes it can backfire and hinder your capacity to focus on any one job at a time. As a result, it can cause your concentration to diminish and can eventually affect your productivity. Needless to say, this can make you feel frustrated and infuriated.

A simple and effective way to deal with this is to accept your limitations and then work around them. You need to analyze how much you can handle at a time. By being honest in your self-analysis, you will be able to take up only as much as you can handle and focus on the tasks as well.

You are not sleeping enough

Let’s accept it – no amount of caffeine can refresh your mind the way a good night’s sleep can. If you are missing out on at least seven hours of sound sleep every night, you are doing a great disservice to your mind and body. Studies show that lack of sleep can affect your cognitive performance and also have adverse impacts on your mood, memory, and ability to focus.

The only way to overcome this issue is to rework your sleep pattern and give your brain cells the rest they deserve every night. Make it a habit to get the right amount of sleep by following a sleep routine. Read for some time, listen to soothing music, or do things that make you relax before you hit the bed so that you can wake up fresh the next morning.

You lack energy, both mental and physical

You must have heard that a healthy mind resides in a healthy body. If you do not treat your body well, your mind is bound to suffer. One of the main reasons why cannot concentrate on work is that you lack energy, both mental and physical.

Also Read: Top 5 Hiring Mistakes Small Companies Should Avoid

To deal with this problem, you need to provide yourself with the right kind of fuel. You need to get started with a healthy diet and drink plenty of water. Try not to skip breakfast at all. Also, given the sedentary lifestyle of today’s professionals, try to squeeze in some form of exercise every day. It can be something as simple as walking up the stairs or doing some freehand exercises.

đź’ˇ Are you looking for Coworking space in Gurgaon, Noida or Delhi?. We are just a call away.
Call now: 08999 828282

You are stressed out

Nothing can hinder your focus as much as your stressed mind can. Stress is neither good for your mental and physical health nor your work. It may not be possible for you to eliminate the root cause of stress, but you can adopt ways to deal with it.

Meditation, yoga, a clean diet, and sound sleep are some of the best ways to beat stress at its own game and get back your power to focus at work.

To sum it up

Lack of focus at work is a common phenomenon most people experience at one point or another. Now that you know some of the common reasons behind it, start fixing the issue right away.

Also, if you are looking for a professional space devoid of distractions – a place where you can fully concentrate on work – check out The Office Pass, which provides coworking space in Noida, Gurgaon, South Delhi, and other parts of the NCR.

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How to Register a Company in India? 8 Simple Steps You Need to Know

Top 5 Hiring Mistakes Small Companies Should Avoid

posted in: Smart Hiring | 0

For a small company, employees are the most valuable asset. They are the ones who shoulder the responsibility of fulfilling the company’s goals by applying their knowledge, skills, experience, and hard work. When every project, client interaction, and invoice is crucial for your company, you can’t afford to have a bad experience. Hiring even one wrong resource can slow down your company’s progress, impact employee productivity, and cause wastage of the company’s resources. That is why recruiting the right candidates is essential for the growth and success of your business.

Hiring a great team of employees is like winning half the battle. However, the recruiting process can be a challenge in itself, especially when your company is in its growing stage. Here are the top 5 hiring mistakes small companies should avoid recruiting and retaining the most qualified candidates.

5 Hiring Mistakes Small Companies Should Avoid

  1. Going through the recruitment process in a rush
  2. Providing a vague job description
  3. Recruiting without a retention plan
  4. Failing to highlight the benefits
  5. Not considering both technical and soft skills

1. Going through the recruitment process in a rush

One of the most common reasons behind small companies making bad hiring decisions is that they are more concerned about hiring immediately rather than hiring well. While filling up a staff vacancy is essential, you need to pay more attention to identify and hire the right candidate for the job.

By rushing through the recruitment process, you run the risk of overlooking potential problems and may end up hiring the wrong person. When you are short of time, you may cut corners in various ways. For instance, you may skip a thorough interview process or avoid carrying out reference checks and background checks. Though emergency recruitment may be necessary in some cases, you must never compromise on quality.

2. Providing a vague job description

Hiring is a two-way process. It is as much about selecting the right candidate as it is about attracting qualified candidates to apply for the job. Hence, your job posting must have a clear job description. It should outline the responsibilities that the candidate is expected to shoulder. This will help potential candidates to have a clear idea of what to expect from the very start.

By providing a vague job description, you may not be able to attract the right candidates. The right thing to do will be writing specific job descriptions in a way to pique the interest of a candidate.

3. Recruiting without a retention plan

More often than not, small companies make the mistake of adding members to their existing team without having a proper retention strategy. As a result, they face the problem of employee turnover. In addition to adversely impacting the company’s growth, employee attrition can also increase your expenses and affect the overall work culture. Needless to say, you must have an effective strategy in place to ensure employee satisfaction so that they don’t leave the company.

Luckily, there are many ways in which you can retain the top talents in your company. One of the easiest and effective ways is to offer a flexible work arrangement, such as working out of a coworking space near their residence. When you offer employees the convenience of remote working, they get to work in a professional yet relaxed work environment, which will further increase their productivity. Providing high-quality training, recognizing their efforts and accomplishments, promoting within the company, conducting mentorship programs, etc., are also among the best retention practices small companies can follow.

4. Failing to highlight the benefits

Very often, small companies are not confident enough to compete with larger organizations when it comes to talent sourcing. It is important to remember that money is not the only factor that attracts a candidate to a job. Soft benefits also play a crucial role in making a top talent settle for a small company rather than opting for a large organization.

That is why you need to emphasize every benefit your company offers to its employees all through the hiring process, right from advertising the position to the final interview. These can include remote working, flexible work hours, performance-based rewards, employee discounts, health insurance, employee referral bonus, etc.

Also Read: Top Challenges Faced by Small And Medium Businesses in India

5. Not considering both technical and soft skills

When it comes to hiring, small companies often attach a lot of importance to talent and technical skills. In the process, they tend to ignore or overlook the soft skills of the candidate. Always remember that a candidate with the wrong attitude can never prove to be the right fit for a company. It is a key reason why many newly hired candidates fail to thrive in the company, and the employer-employee equation doesn’t work out beyond a few months.

While recruiting, make sure to determine whether the candidate is a team player or not. Strength of communication, positive attitude, and empathy are among the other top soft skills to look out for in a candidate. In addition to meeting all technical and skill requirements, the candidates you hire must also be the right fit for the organization’s core values and culture.

To sum it up

Every employer wants to hire the best talents for their company. That is why you need to define your hiring philosophy right from the early days. By putting the best hiring practices in place, small companies can identify, attract, and retain candidates who tick all the right boxes of technical knowhow, soft skills, and other organizational requirements.

Once hired, make sure to offer your employees a flexible work environment conducive to growth and productivity. Coworking spaces and neighborhood offices come in quite handy in this regard. If you are looking for a coworking space in Gurgaon or Noida or South Delhi, you can check out TheOfficePass (TOP).

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How to Keep Your Team Morale High During A Slowdown?

How to Keep Team Morale High During A Slowdown?

posted in: Coworking | 0

Team morale refers to the excitement, enthusiasm, and satisfaction that your employees feel when working as a group to attain common business goals. High team morale is crucial for the success of any business as it translates into high employee engagement. This results in increased productivity and performance. On the other hand, low team morale can result in a lack of motivation and poor performance. This can lead to conflicts within the team and loss of revenue.

In the wake of the COVID-19 pandemic, business organizations across the world are facing the challenging task of keeping team morale high. With many organizations taking the recourse of pay cuts, layoffs, and tight budgets, the scenario is a glim one when it comes to team morale.

Here are a few tips for keeping team morale high during a slowdown.

Tips for keeping team morale high during a slowdown

  • Restore the team’s faith in the organization

It is important to restore your team’s belief in the organization, more so when working during COVID-19. You must emphasize what you are doing as a team and what goals you are pursuing in the long term. A mismatch in the understanding of goals can cause a feeling of resentment and dissatisfaction within the team. By encouraging your team to view the larger picture and have faith in the organization, you can motivate them to be more involved in their tasks.

Also Read: 5 Reasons why coworking spaces are safer than traditional offices during Covid-19

  • Acknowledge the team’s contribution

One of the effective tips for keeping morale high during COVID19 is to acknowledge the efforts put in by your team. More than position or money, what motivates your team is the work they do and how they feel about it. By appreciating their hard work, you can make them feel like they are a valued entity of the organization. Be careful not to acknowledge a non-performer as it will prove to be counterproductive.

It is a common practice for many companies to do away with recognition events and team rewards during a slowdown. But by continuing such rewards and acknowledgment programs, you can make a huge difference in your team’s morale.

Unitech Cyber Park

  • Allow flexibility in your team’s functionality

Incorporating flexibility at the work front can go a long way in keeping your team’s morale high. There are several ways in which you can introduce flexibility while ensuring that your team performs optimally.

For instance, you can allow your team to work remotely from coworking spaces located near their residences i.e., #WalkToWork. This will enable your employees to work out of a relaxed yet professional environment. You can even go for flexible work hours. The idea is to keep the team motivated to give their best without compromising on your business goals.

  • Break a big goal into smaller achievable goals

Small actionable steps are the secret to achieving big success, even more so when your business is going through a slowdown. Setting goals at a high level might make it difficult to accomplish them. This, in turn, will adversely impact the morale of your employees. Instead, you need to break your big goals down into smaller and actionable goals (and creating excitement around them).

After establishing the goals, the next step is to create some milestones for your long-term, medium-term, and short-term goals. While long-term goals can have a longer time frame (a few months or years), medium and short-term goals should have immediate timelines. It is also a good practice to establish multiple short-term goals for a quarter as it helps create a sense of accomplishment among your team members.

  • Keep communications transparent

It is important to maintain clear and transparent communication with your team, regardless of whether they are working during COVID-19 or in normal times. A lack of clarity in communication can create confusion among your team members, which can hamper work. By being transparent in communication, you can help your team to stay calm even in the face of a crisis like the ongoing pandemic.

When you provide timely information to your team, they can have an idea of what to expect and plan accordingly. This can create a feeling of trust and respect for the management, which is essential for team productivity.

  • Listen to the team’s voice

An easy way to reduce dissatisfaction within your team and increase morale is to listen to them. It is important to provide your team members with the scope to voice their opinions. By listening to them and making them feel heard, you can help in developing a confident team for your organization.

It may take some amount of time and patience on your part to listen to what your team has to say. But in the long run, it can reduce stress and dissatisfaction within the team to a large extent.

Also Read: Managed Offices to gain importance in Covid Times

  • Celebrate success

Lastly, never forget to celebrate success, no matter how small it is. When going through challenging times, businesses often tend to focus more on problems and targets than achievements. However, always remember that success begets success, so celebrating it will help create momentum among your team and push them to achieve more.

That’s not all! Celebrations also make your employees feel that the hard times they have been through and the efforts they have put in were worth it. From a hand-written note, a meeting to express your gratitude and a company-wide email to a shout-out on your social media platforms and a team lunch, there are many ways to celebrate success at work even when your business is going through a slowdown.

In conclusion

Keeping team morale high is important for organizations of all sizes and nature. This can lead to low turnover rates. Additionally, it can help attract top talent into the company’s fold.

Have you noticed a sudden decrease in enthusiasm or energy among your team? It may have something to do with team morale. By following the above-mentioned tips, you can motivate your team members and encourage them to remain productive on the work front.

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