The Office Pass (TOP) to Open Their Eighth Coworking Office during Navratri

by | posted in: Coworking | 0

Neighborhood Coworking & Managed Office Space company The Office Pass (TOP) is set to open its eighth Coworking Office in Delhi-NCR during this Navratri. The Gurugram based startup, which was founded in 2017 is looking to expand the business as it expects demand for flexible workspaces to grow to post the COVID-19 pandemic.

“The COVID-19 pandemic is making companies re-evaluate their cost structure. Organizations are looking at ways to conserve cash. Flexible workspaces are finding favor with companies, as they deliver high-quality office infrastructure through short-term, flexible contracts at 15-20% savings compared to traditional office leasing. After a five month demand eclipse, inquiries for coworking spaces have reached the pre-COVID level and TOP feels this is the perfect time to invest in the future. What better time than Navratri to kick-start something good”, the company’s founder Aditya Verma said.

The new center will come up on the Golf Course Road in Gurgaon, and will be the company’s first office under the “TOP Gold” brand of high-end premium offices, targeting MNCs and large Indian corporations. This will be TOP’s sixth office in Gurgaon and second on the prestigious Golf Course Road. The company additionally has one office each in Mohan Cooperative, South Delhi and Sec-4, Noida.

“The Office Pass (TOP) was home to 166 companies in the Small and Medium segment in India. With the launch of our new office under the TOP Gold format, we will extend our product offering to MNCs and large Indian corporates who were previously using Global Coworking brands. TOP Gold will be a premium product that offers wider desk space, more open areas, extremely high-end conference & meeting room infrastructure, and top of the line fixtures with extensive use of technology.” Aditya Verma said.

Leasing of office spaces hit an all-time high in the 2019 calendar year, with net leasing at around 45-50 million sq. ft. The rise in demand for flexible workspace had been one of the major driving forces for strong office leasing last year. Coworking operators took almost 15 percent of the total office space leased in the year.

However, property consultants are of the view that office demand in the 2020 calendar year will decline by 30-50 percent due to the outbreak of COVID-19, which forced corporates to defer their expansion plans. The past six months have seen some consolidation in the Indian Coworking industry. Operators who were unable to achieve unit economics positive status in the pre-COVID period are finding it difficult to raise fresh capital. They will eventually scale down or shut shop.

 

“COVID-19 has caused commercial property rentals correction of 15-20% in past 6 months. Several Coworking companies have abandoned operations and left the market open for players like TOP. With less rentals and reduced competitive intensity, this is the perfect time for TOP to expand aggressively and grab market share”, feels Aditya Verma.

About The Office Pass (TOP) 

The Office Pass (TOP), part of TOP Technologies Private Limited, is a Neighborhood Coworking & Managed Office spaces company. TOP offices are warm, friendly and ready to use.

In developing countries like India, people waste significant time, effort and money just commuting to work. In large cities, this time can be over 2-3 hours each day. Developing nations can ill afford this wastage. This time can be effectively utilized to grow the business and improve productivity – only if someone solves the issue of office commute.

TOP is the only company in the industry offering Neighborhood Coworking (NCW). NCW, as the name suggests, is different from conventional coworking as it caters to target audiences nearby (< 5 kms). The fundamental premise is that people love to work in a high-quality office facility close to their place of residence / business rather than commuting for long distances.

Our vision is to have multiple offices spread across the city – so one can find the closest TOP office within 5 kms. You can think of us as a convenience store for Coworking (Such as a 7-11) versus a superstore (like Walmart).

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PTop 6 Ways to Avoid Loneliness as a Solopreneur

Ways to Avoid Loneliness as a Solopreneur

by | posted in: Coworking in Noida | 0

People with small investments for more likely to establish a sole proprietorship. They have to undergo many initial hiccups to establish their business. Addressing these challenges, many solo proprietors face loneliness, and they may fail to win the challenges. Here are a few good ways to avoid loneliness as a solopreneur. 

6 ways to avoid loneliness as a solopreneur

Participate in online groups and communities

The biggest challenge of a solopreneur is they have to work all day alone, addressing the business’s needs. The hectic work schedules of handling all the responsibilities in the day may make them stressed out. Being a part of an online community or a group makes them live with a stronger sense of purpose and security. Joining these professional groups may get people valuable insights into the business. One can get to know many like-minded people and share their business ideas.

Work outside home

The solopreneur is the owner of the business, and he is the decision-maker. This does not mean that you should work from home in isolation. When you are working for yourself, you cannot judge if you are working properly. Getting the office ambiance for yourself will keep you more focused on the work. Coworking in Noida has become a popular choice for many startup companies. They have become a popular choice in the larger cities, and you can encounter many of the like-minded people and entrepreneurs working here. You can just rent a desk and make connections with the other members to share ideas with co-workers. 

Attend conference and network events

Attending conferences and networks will allow you to meet like-minded people in the industry. These events will boost your skills and help you make the right decisions to grow your business. Not much traveling budget is needed for this; many events are happening around the city. You can search for the local meetups happening in the industry. If none is happening, start one, maybe many solopreneurs are looking for such an opportunity.

Also Read: 5 Things to do while commuting to work

Take time for socializing

Working in isolation for long hours may put you under a lot of stress. Tell your friends and family that you are available for a meetup and take time for socializing. Close the doors of work while you socialize and enjoy the time to the fullest.

Write your feelings and find a place to share

A solopreneur will undergo a lot of stress and pressure in the day. These tensions and headaches will be moved out of the head once you pen them down. It is important to find a place to share your ideas and thoughts. An industry community is the best choice as you may get ideas on how to handle the problem more effective way. 

Take care of your health

The sole proprietorship is the brainchild of the business owner. As you need to conduct all the business responsibilities on yourself, you need to stay in good health. You can work for a good number of days in a month; you can see your business growing further with your energies and efforts sooner than you can think of. Schedule a healthy sleep routine, follow a good healthy diet, and conduct a healthy exercise routine every day. Overall, having a healthy mind and body helps you to be more focused and productive and draw that thin line of difference between your professional and personal life.

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5 Reasons Why Coworking Future Looks Bright With Hybrid Work?

Flexible Working: The New Normal of a Post-COVID World

by | posted in: Coworking, Coworking in Gurgaon | 0

COVID-19 pandemic has pushed the entire world to the new normal, be it in terms of leading personal life or professional life. Many people who have shifted to work from home options from regular office jobs are struggling with productivity issues due to a lack of focus and attention on the work. Neither can they move to traditional big workspaces nor complete the job sitting at home. This is the juncture where flexible working spaces have become new normal for many people. It is time for every business to build more flexibility into human capital.

The need for a remote working office-like environment in a short distance to home has become new normal for many people who don’t want to combat their productivity amid fighting COVID -19 pandemic. The pandemic largely impacts even the coworking business, but it is working resuming operations as it becomes vital to embrace new normal for working and productivity.

The new normal way of working 

As many offices are resuming to work after lockdown, many employees are looking for different working ways. They are looking for a workspace that can promise good focus and combat the effects of a pandemic. There is a growing list of businesses looking to add weight by choosing flexible workspaces that are aided with the needed technology for faster productivity than work from home options.

Also Read: How Covid-19 is impacting flexible office space?

Frequent sanitization

Unlike normal routine clean up once a day, the coworking spaces are undergoing scheduled sanitization multiple times a day with a notice about the last scheduled sanitization conducted at each office area to take the right precautionary measures before using the space.

Stay in touch with the employees

By choosing remote workspaces over the work from home option, the employer can stay on track with the employees with advanced technology at flexible workspaces like zoom catches-ups. While these touchpoints reduce direct contacts while notifying employers that they are on track. The productivity of the employees can be easily measured and monitored by the employer.

Improved health

Shared spaces provide the employee’s office-like environment. The new distant work stations reduce the impact of COVID while comforting the users while they work all day. There have been increasing complaints about back and neck aches from the employees who work from home. Of course, laptops are not designed for long day work. If the major share of recommending remote work stations, it is a good option. Choose flexible office spaces that implement the right precautionary measures to combat the effect of a pandemic.

Also Read: How to be productive when you have to work form home

Employees of top-ranked organizations seek remote location work over work from home options provided the right precautions are implemented at the office space to combat the effect of COVID. The distant and well-sanitized workstations will enhance the focus and attention of the users. At the same time, they work, and there will be a perfect line of difference between personal and professional life.

Flexibility

The shared workspaces are known for their flexible working hours. People are no more interested in 9-5 jobs with the effect of COVID. They are looking for flexible work hours where they can access office space during their more productive hours. These remote spaces are available 24X7; you can complete a job whenever you can think of.

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7 Reasons Why a Coworking Space Makes Sense for Your Startup

7 Reasons a Coworking Space Makes Sense for Your Startup

by | posted in: Coworking Spaces, Indian Startup | 0

Work from home is not a long-term option for productive work, be it freelancers or start-up companies. As coworking spaces have been here for many long years from you and have shown multiple benefits, many startup companies are looking towards coworking spaces.

Here are a few big reasons why many startup companies look for shared spaces to initiate their business.

7 Reasons Why a Coworking Space Makes Sense for Your Startup

Cut Capital Expenditure

A startup business owner might have to spend everything from the pocket until the business takes the path of profits. Choosing a flexible working space over the individual building will cut a major share of capital expenditure as these spaces are available in flexible membership plans. The plug and play offices will save a lot of capital money, which can be used as working capital or shared as employee benefits to reach business goals at the earliest. You will get all in one price where the monthly rental is paid to using all the work amenities and usage of building space.

Network on a Whole New Level

Coworking spaces are used by diverse networks like freelancers, entrepreneurs, and other business owners. A startup business that initiates the business will have many network opportunities and a good turn for the business who want to build their network. The coworking spaces can turn to community junctures where casual chats can turn into business partnerships or work exchanges when needed. Many working spaces encourage hosting events to showcase skills and market business in the community.

Professional Business Advice

The shared working space can turn into a perfect spot to get the right advice for your start-up business. Choose the community of workers with varied experiences so that your business will get the right advice to handle the issue, especially during the tricky problems.

Also Read: 7 Useful Startup Tips for Women Entrepreneurs

Flexibility

Not all startup companies will spend huge deposits on hiring individual buildings to run business operations. Coworking space in Noida is available on a flexible membership basis. A startup business owner can choose the plans as per pay as you use basis. These workspaces are flexible enough to scale as your team grows.

Facilitates with all Amenities

As a startup business owner, you might not know your business’s future needs, but flexible workspaces do have an idea about this. They will facilitate you with all business needs that you don’t even know their usage until you encounter the business need. All the big amenities like conference rooms, the cafeteria will be available at a much affordable cost than you can think of.



Capture Untapped Markets

Though coworking space has existed for a long time, tier2 and tier3 cities are still to experience these types of ventures. Your business will turn into one of its kind if you choose flexible working space over individual buildings. You can easily capture those untapped markets and get that lion share in the market with minimum capital.

Location

It was a nightmare for the startup companies to get the business spot on the prime locality with their price margins. The availability of coworking spaces has made this possible. You can have a business set up in a prime location. This will make it easy to establish your business brand at the budding stage and make it easy for the employees to commute to the office easily.

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