Here’s Why Enterprises are Choosing Coworking Spaces?

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The way people work at the office today has experienced a big change today. Rather than traditional office cubicle space, people prefer to work in open space. This major shift in working is making the entrepreneurs choose coworking space over conventional spaces. Also, people-centric offices can affect office culture in many ways. With the greatest evolution of office spaces, both start-up entrepreneurs and big companies are looking at coworking spaces to improve the business’s bottom line.

Meet as in when needs 

Few entrepreneurs use the coworking spaces to meet as in when needs like conference rooms, meeting rooms. When the office buildings are not spacious enough to aid these big extra spaces in their building. Few use the flexible workspaces on a membership basis as a part of their employee compensation.

Offer flexibility employees

The hectic traffic on Indian roads is confining many employees to choose work from home options. That thin line of a difference is that they cannot draw between their personal and professional life, which affects their productivity. To avoid restraining employees to headquarters to complete their work, many entrepreneurs are choosing coworking spaces to facilitate remote location work assistance to employees so they can start the work with a fresh mind after they reach the office at the nearest reach to their home.

Decentralize employees

The covid -19 pandemic has, of course, set new guidelines for how businesses run their operations. It has set decentralization in motion. Many big companies are moving in the line of decentralizing employees to fight the covid 19 pandemics. They are reconsidering the logistics of the office set up to reduce the spread of germs and viruses. This is the juncture where coworking spaces have gained you huge prominence. The small working spaces can be sanitized at scheduled intervals effectively. You can find notices about when the last sanitization was scheduled at the workspace and take necessary measures to protect the team’s health before the work is initiated.

Also Read: Grow your business fast with Coworking Spaces

Scale-up business

If the start-up entrepreneur who is running the business in a small business and wants to scale it up. Choosing the coworking space would be a great idea because you can immediately employ the needed human resources without worrying about accommodating them. These spaces are flexible enough to stretch the space to accommodate your employee sizes. Many shared spaces now have brought covid protocols in place, so you need to worry about the office becoming clumsy on scaling up employees. They can provide ultimate agility for growing teams from designing hot desks to reserving many private offices. They can accommodate employees in a different structure that perfectly meets your office requirements.

Cut down capital expenditure

With the effect of covid 19, the income of many businesses has halted. Many businesses are trying to liquidate their capital investments and pushing it towards working capital. The flexible option available for entrepreneurs is a shift from traditional office space to flexible ones, which would leave a good deal of money in the entrepreneur’s pocket. You could manage your business with a share of expenditure and also meet working capital expenditure effectively. Many entrepreneurs now struggle to survive the fittest, reducing capital expenditure would be a wise option. Shared office spaces will handle all the needs of your office cost-effectively. The entrepreneurs using the shared space over traditional one could save 20-40% of their business expenditure.

Way of targeting new customers 

Apart from saving costs, entrepreneurs using the coworking space could benefit from getting access to new target customers. When your business is part of a flexible space that conducts related business, there is an excellent chance for your business to get exposed to new target customers.

Also Read: 7 Useful startup tips for women Entrepreneurs

 Major perk to boost employee morale

The corona pandemic has made work from home new normal for many employees today. It is unlikely that employees would rush back to a 9 to 5 job with a commute. To keep morale high and boost new employees’ joining when the office is located in the highly commutable area. It is also a good idea to offer flexible work timings to new employees to ease their way of doing the job until they resume normal.

Not a new trend

Shared space is not a new trend for big and small companies yet; it is the most desirable solution that the enterprise will be moving towards with the effects of covid 19. The entrepreneur using this wise solution for the employees in the framework of a professional office environment. 

The Office Pass (TOP) has coworking spaces in Gurgaon, Delhi and Noida and is ideal for small businesses and startups. To know more, reach out to us at 08999 828282.

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Coworking Space Rental Trends in Noida - The Office Pass

How will Entrepreneurship post-COVID-19 look like?

by | posted in: Entrepreneur | 0

Many people doubt how new entrepreneurship would look like post-Covid. There are many questions to be answered about the existence of entrepreneurship post covid 19.  We are now stuck at a juncture of not only overcoming the crisis effectively but also using the lock downtime constructively. 

Every crisis is, in fact, an opportunity. It will emerge new innovative ideas for survival. There are no more questions about market conditions. All the struggle now is to manage sales, supply chain, engage staff at the production line, and repay the suppliers.

Focus on the short term problems 

Unlike the past, the focus of entrepreneurs post-Covid is focusing on short-term problems rather than longer ones. They should work on addressing to achieve the right balance between the raised demand for production and a shortage of human resource availability. This could be quite challenging for many entrepreneurs. In turn, they should innovate and search for smarter ways to meet the production demands with less human capital. This innovation, of course, will give them long term benefits and basket more profits in the future.  

Also Read: 5 Reasons why coworking spaces are safer than traditional office during Covid19

Accept the change 

After the prevalence of the covid -19 pandemic globally,  it has inevitable for the entrepreneurs to accept the change. They have to accept that the previous business plan is irrelevant for its survival in present conditions. The entrepreneurs have to prepare a plan for the worst-case scenario. As an entrepreneur, one should analyze current business conditions, cash in hand, expected cash needs for business in the future, and expected income trajectory meeting the expenses aimed covid-19. 

Low external investment 

Many entrepreneurs, be it budding ones or the big ones now, are about to face an investment crisis. Don’t expect subsidy funding from the government in the near time, and even getting an angel investor into the business is quite challenging due to the economic crisis. The investment accesses for a start-up business is likely to be accessible only when the economy enters the recovery and rebuilding phase.

A smarter way to handle the small business phase is to shift from traditional office to coworking space in Noida, which would liquidate capital investments into working capital for the business while there is no compromise on the facilities used. The flow of working capital into the business will boost productivity in turn, and the business will survive an intensely competitive market.

Also Read: 7 Useful Startup Tips for Women Entrepreneurs

Use time effectively 

As peer to peer conversation is unlikely to happen for most businesses in the near future. Use idle time effectively. The entrepreneurs may have to train their marketing and sales team to new shopping methods of employees. Make them learn the address the changing trends of the customer, improve the product to meet the target customers’ demands. 

Imagine the future way  of working 

Aimed covid 19, every business is going to experience a new way of working. The office premises may have to incorporate a new sanitization schedule to combat the spread of the virus. These repeated sanitization schedules may increase business operational costs and disturb the work schedules, so; you may have to rework on timings to ensure the employees’ safety and well-being. You may have to offer flexibility in their work timings and places by offering employees remote location work over traditional office space. This may boost employee morale as they gain more flexibility to work and bring the right balance between personal and professional life.

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Opinion: Why We Need Coworking Communities

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Opinion: Why We Need Coworking Communities

Covid 19 has buried many startup businesses. They are looking for a helping hand and some form of external help to re-flourish. This is the juncture where coworking spaces find light in the dark tunnel either with a mask or without masks.

Coworking spaces 

Shared working spaces are those plug and play work stations that enable both individuals and startup companies to space up their workstations for themselves or their employees. These ambiance workstations fuel productivity by increasing your attention to work. This is just one side of the coin, but these shared spaces are doing great, facilitating great community build up.

Coworking communities 

Being a part of shared working spaces not only helps you reduce the cost of business operations but also helps you build great communities. These communities turn to be right, helping hands during times of need. During these challenging times, you can extend help to others or get one part of the community. 

Also Read: Coworking Space for Women

The community gets a missing piece of the business puzzle 

The market for any business is enormous. There will always be a lost opportunity for any business despite great marketing. Here the communities in the shared spaces will cover up that missing piece of the business puzzle. The aim of entrepreneurs in the shared space is not to get good working space at affordable prices but to create a dynamic and enriching environment for all the people who work there.

Great way to grow business 

Communities in the shared spaces are overflowing with skilled people. They are ready to share their expertise with you. The communities in the coworking spaces are great places to exchange the needed expertise. There are chances that you get an excellent friendly discount as you are part of the community. Most of the people in the coworking spaces communicate through the intranet, and it is a great platform to spread the word about the work you do. These acts increase the chances of business growth. However, people prefer to hire someone who has been personally vouched for.

 Indulge Social interactions 

Working with groups contrary to working from home makes a lot of difference in the productivity of the person and health. Social interactions during work hours are said to bring a sense of community feeling, and people feel more motivated to work as a group. Having a sense of connection between the people eases the stress. Researchers say loneliness prone people to heart attacks and cognitive decline; socializing with others while you work will reduce your stress levels and boosts your motivation to complete the projects ahead of you by the deadline. 

Choosing the shared space 

Just random picking of the workspace cannot turn out to be a good choice for building the community that gives all the benefits you want. Don’t just lock yourself in the membership of the remote workstations. You have to check the workspace’s general profile, and if it has that vibe, you are looking to build a better network and develop a sense of community. The working space you pick should be able to provide more opportunities for your business. 

Also Read: Why Enterprises are Choosing Coworking Spaces?

 Develop internal and external communication

When you are part of a community with different people in a shared working space. You will develop strong communication, both internally and externally. This strong sense of communication you develop here will help you handle more of your business clients effectively and grow your business. Community and networking always stand the backbone in business growth and expansion.

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How COVID-19 Will Fuel the Next Wave of Innovation?

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

The world is stuck in two big drenches, the coronavirus pandemic and economic downturn. However, the world has recovered from such scenarios many times. Passing through the most significant hazards of life needs an absolute innovation. Of course, this is going to bring a change in how business behaves, and we are already experiencing the shift. The economy is going to view a significant shift in how businesses operate. We have witnessed innovation get busy to cover up the loss of disaster each time when a crisis hits the world. This juncture is not an exception too.

Need for innovation in business operations

During the initial period of virus spread, many big organizations have turned off lights and have moved away from paying customers yet paid their employees. Many small businesses are struggling to find a glimmer of light at the end of the covid tunnel. 

Earlier to the period of virus hitting the world, businesses threaded about unexpected disruption digital marketing trends and customer shifts in shopping methods. The business that adapted towards innovative trends earlier is seeing their business survival despite the pandemic hit. The companies who restrained to the same old ways are seeing a quick drench. 

Whether it is small or big business, the trick for survival during the pandemic is finding innovation to fight the crisis. There is always a scope for innovation to change the world impacted by the crisis. The companies that can survive the covid 19 crisis are the ones who have an adventurous spirit and are willing to see hidden opportunities. 

Guide to innovator 

A business owner has to communicate ahead of uncertain times, know what needs to be done, and develop a strategy for the business to move with safety protocols.

Get creative 

It is time for the business to dig hidden opportunities and get creative in running h the business like new ways of running business operations at a lower cost, new methods of delivering goods, and much more. 

Why coworking spaces can be a scope of innovation

With the effects of covid 19, there is a great change in how businesses behave. Both tech and non-tech companies are encouraging remote working for employees to reduce the covid-19 virus’s spread. During the pandemic times, not only small but big companies are struggling their employees in full due to increased cost of business operations and income. Any business can reduce the cost of business operations by choosing coworking spaces over individual buildings. The shared spaces have emerged into work stations, not only serving the needs of the small professionals willing to work in the ambiance that boosts their productivity but also the good working location for the employees who are looking for remote work stations.

All the needed facilities 

Addressing the needs of growing demand, the shared spaces have incorporated many facilities serving big companies’ needs. They have moved from necessary facilities like workstations and internet facilities to meeting and conference rooms for client meetups serving big organizations’ needs. They are profoundly investing in providing many more facilities like cloud storage, great work ambiance that fuels productivity, etc.

Also Read: How COVID-19 is Impacting Flexible Office Space?

Workspaces are growing bigger. 

Aimed the effect covid -19, you will no longer witness those clumsy work stations leaning each other. Most of the shared spaces today are innovative enough to provide privacy workstations with distancing norms in place. They are also incorporating a sanitization schedule and notice the time when the last schedule was conducted to help the users take precautionary measures before using the place.

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