Top Reasons Why Coworking Spaces Are Important

5 Ways Of Scaling Your Business While Operating From Coworking Spaces

by | posted in: Business, Coworking Spaces | 0

Success in a business is all about growth. If your company doesn’t scale up, it stagnates. For this, you need a way to control costs while maximizing revenue and yet give your business a professional space to base itself. This is where a coworking space can prove beneficial. 

A number of growing businesses are today preferring coworking spaces to independent offices. And why not – the costs are lower, operational headaches are minimized, all the infrastructure you need is already in place and maintained by someone else and you get to be part of a vibrant community. 

5 Ways Of Scaling Your Business While Operating From Coworking Spaces

Let’s take a look at 5 ways to increase business and scale operations from coworking spaces.

  1. Leverage The Network
  2. Employee Hiring And Retention
  3. Put Systems In Place
  4. Invest In Productivity Tools
  5. Test Out Innovations

Ways Of Scaling Your Business While Operating From Coworking Spaces

1. Leverage The Network

One of the biggest advantages of working from coworking spaces for business is that your team gets to be part of a larger community. Networking with people is much easier in a coworking space as compared to independent offices. 

Everyone who uses the space is a professional with a unique skill-set. You can find freelancers to help with social media marketing as well as mentors to guide you. You may even find people willing to fund your company’s growth. 

Apart from chance conversations at the coffee machine that could result in collaborations, you can also meet people at events and workshops organized by the coworking space provider. 

Leverage this network to brainstorm new ideas and create collaborations that let you expand your audience. For example, a joint social media exercise between two brands can help both tap into the other’s audience. This is an easy way to scale your business without any additional investment. 

2. Employee Hiring And Retention

Coworking spaces offer flexible leases that are ideal for growing companies. As your team grows, you can add additional desk space without having to compromise on anything else or shift your office completely. 

What’s more, coworking allows you to decentralize operations. For example, if you’re in Delhi, rather than limit yourself to candidates in Delhi, you can widen the hiring pool to Noida and Gurgaon by allowing them to operate from coworking offices in those cities. 

These employees could work from coworking spaces closer to them rather than commute on a daily basis. Take advantage of these coworking space benefits for startups to build your dream team.

You may have a wide skill set yourself but spreading yourself too thin will keep you from focusing on strategizing plans for your company’s growth. Similarly, if every member of your team plays multiple roles, they may be unable to do their core responsibilities. Remember the old saying, ’Jack of all and Master of none’. Look at your existing team’s strengths and weaknesses and step up your hiring to fill the gaps. As the team grows, so will your capabilities and, in turn, the company.

3. Put Systems In Place

As a business grows, consistency is key to its success. You can standardize your product in terms of quality and features as well as communication. A standardized system is easier to manage and helps ensure reliable results. It also helps your business grow faster from multiple locations. 

Work with your team as well as your coworking network. For example, your marketing team may collaborate with a graphic designer who sits at a table near you to create a standard template for product promotional emailers. Once this is in place, you can simply refresh the content and run regular mailing campaigns. 

4. Invest In Productivity Tools

Lowered operational costs are one of the key coworking benefits for business owners. There is no bothering with capital investments such as furniture and printers and scanners, etc nor do you need to take up any maintenance headaches. These savings, accounting for 18-25% of office operational expenses, can go a long way in helping your company grow as long as they are invested in the right direction.

Put the money saved from monthly operations towards productivity tools. Automating systems in this way lets your employees focus on other tasks and boosts their productivity. 

For example, manually tracking all sales and transactions is difficult and has a high risk of error. Instead, invest in a Customer Management System. This will give your sales team easy access to all the information they need and help them identify a customer’s position in the sales funnel at a glance. 

Similarly, invest in software that can help you manage accounts. Look for software that can be easily integrated with your existing system. 

Since you’re based in a coworking space, you can ask other business owners in the space for reviews and recommendations. You may even find software designers who can help you choose the perfect system for your company. 

5. Test Out Innovations

Innovations are key to a business growth plan. For a business owner, using coworking space is not limited to giving the team a place to work. This also gives founders access to a wide audience where you can test new products and innovations. 

Brainstorm new ideas with the people around you and get their feedback on where your product has scope for improvement. The person sitting next to you may see something you completely missed out on. Brainstorming can also result in product collaborations. 

Maximizing Coworking Advantages For Business

To give your company an edge over competitors, you must make sure you choose the right coworking space as your base. Look into the amenities and facilities offered to see that your team has the right working atmosphere and all the support they require. 

Small things like parking, the availability of lockers, the ease of booking meeting rooms, etc should not be overlooked. For a tour of the coworking space offered by The Office Pass (TOP), reach out to us at 08999 828282. 

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Coworking Space Rental Trends in Noida - The Office Pass

What are the Coworking Space Rental Trends in Noida

by | posted in: Coworking in Noida | 0

Office space in Delhi NCR is highly coveted and also, very expensive. For many growing companies, an independent office in Delhi’s main business districts is completely unaffordable. This is one of the key reasons people have been showing an increased interest in working from a Coworking space. Within the NCR, Noida has emerged as a prime location for such units. 

Over the last few years, Noida has emerged as a world-class metropolitan city. The office spaces are bigger, the buildings are more modern and the city boasts of excellent connectivity. It is attracting business from the IT industry as well as MNCs and BPO solution providers. The city has been outpacing other parts of NCR. While Gurgaon had a net absorption of 38%, Noida saw a net absorption of 55%. 

Coworking Space in Noida

Let’s take a look at the rental trends for Coworking spaces in Noida by top localities.

5 Best Coworking REntal Trends in Noida

  1. Sector 18, Noida
  2. Sector 15 and 16, Noida
  3. Sector 4, Noida
  4. Noida Expressway
  5. Sector 62, Noida

1. Sector 18, Noida

Sector 18 is Noida’s commercial real estate heart. It is the central shopping district as well as a prime location for office space in Noida. Renting and furnishing an independent office could be quite expensive in this area but if you were to look at a Coworking space, you could lease a desk for as little as Rs 6,500 per month. Day passes start at Rs 500 per desk making it ideal for freelancers and start-up entrepreneurs who have flexible teams.

2. Sector 15 and 16, Noida

Sectors 15 and 16 in Noida are amidst the elite section of the city. Its proximity to residential sectors and metro stops makes it appealing for employees, entrepreneurs and growing companies. It isn’t surprising to note that this is considered by many to be the best place for Coworking in Noida. You can get a hot desk at the rate of Rs 5,500 per desk per month. 

Some teams may prefer having a fixed space to work from. For them, a private cabin would be a better choice. These spaces are furnished and available at rates of around Rs 6,000 to Rs 11,000 per seat. 

3. Sector 4, Noida

Sector 4 is another popular Coworking space in Noida very well connected by DMRC metro line. The sector is well connected to residential areas as well as areas known for their industrial and manufacturing units. You can find a Coworking space in Sector 4, Noida for a day or a month or longer even. Day passes are available for around Rs 700 per person per desk. On the other hand, if you prefer a dedicated desk and are looking at a longer lease, monthly lease rates are around Rs 7,500 per desk.

4. Noida Expressway

Like other cities, Noida is growing at a fast rate. While Greater Noida was once considered a far distance, today, the Noida Expressway has connected the two regions and brought them closer together. 

In light of this, many companies are starting to look at sectors along the Expressway as a location for Coworking space in Noida. The location makes it ideal for individuals living in Noida as well as Greater Noida. The average per desk monthly lease rate in this area is Rs 6,000. It is more affordable than several other parts of the city and hence quite popular.

5. Sector 62, Noida

Sector 62 is one of the most well-planned sectors in Noida. It is located along the Delhi-Meerut expressway and hence accessible for the different parts of Noida as well as Delhi. The cost of leasing a desk in this sector ranges from Rs 5,000 per month to Rs 8,000 per month. You can also lease a private cabin for Rs 12,000 per desk. The rates are at par with the Coworking units around the city.

Finding the perfect office for rent in Noida

As every business owner knows, location is key to success. The location of your office affects employee morale and is one of the key factors influencing a client’s first impression of the company. Every sector in Noida has its advantages and disadvantages so what works for one company may not work for another. Thus, you need to have an independent view when you’re looking for the top location for Coworking in Noida. 

Apart from location, you also need to consider the facilities provided by the Coworking space. If your employees travel by public transport, choose a location close to a metro station. You also need to ensure that there is sufficient parking space available for people commuting in their own vehicles. 

The Office Pass (TOP) has several Coworking spaces in Delhi, Noida and Gurgaon. The Noida Coworking unit is located in Sector 4 and easily accessible from the main arterial roads as well as Sector 15 and 16 Metro stations. The space is fully furnished and equipped with everything required for day-to-day functioning.  To visit the space or know more, reach out to TOP at 08999 828282.

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Coworking Office Rental Trends in Gurgaon or Gurugram

Coworking Office Rental Trends In Gurgaon

by | posted in: Coworking in Gurgaon | 0

From hospitality and healthcare to retail, banking and IT Gurgaon attracts businesses in all sectors. Last year, in the first quarter of 2021, the NCR region saw a quarter-on-quarter net absorption increase of 5%. The city of Gurgaon contributed 38% of this growth. There’s another trend visible too – the growth of Coworking spaces.

Over the past few years, many companies have moved towards working out of a Coworking space in Gurgaon. Again in the first half of 2021, occupancy in Coworking offices in Gurgaon has grown by almost 70%. Many business houses that earlier occupied independent expensive offices are decentralizing their operations and looking at a Coworking office for rent in Gurgaon.

Of all the advantages offered by Coworking spaces, lower operating costs is the most attractive. Here’s a quick look at the rental trends for Coworking office space in different popular localities of Gurgaon.

Why is collaboration key to your business growth

Cybercity

Cybercity has always been an attractive location for corporate offices. If you’re looking for Coworking space in Cybercity you will find multiple options. The cost of leasing a desk for a month ranges from Rs 8,500 to Rs 25,000 per desk. 

In FY 2021, DLF Cyber City Developers Limited (DCCDL) saw rental income from office space increase by over Rs 2.5 billion as compared to the previous year. This amounted to a growth of about 10%. While Coworking spaces did not account for all of this, it is interesting to note that the DLF properties house many Coworking spaces.

Sohna Road

There are many entrepreneurs and established companies that look for a Coworking space in Sohna Road, Gurgaon. In the past few years, the sectors along this road, i.e., sectors 47, 48 49 and 50 have seen rapid development. 

A seat at a Coworking unit in this area is relatively cheaper as compared to Cybercity. You could get a hot desk, i.e. a seat at any desk in the Coworking space in some units for as little as Rs 5,000 per month. 

At the other end of the price spectrum, you could also find a Coworking space in Sohna Road that is priced at Rs 18,000 per seat per month. You can also lease private cabins for yourself and your team. The price of these units ranges from around Rs 8,500 per seat per month to Rs 29,000 per seat per month. The variation in prices is influenced by many factors including the proximity to the main road, the facilities available & the brand.

Golf Course Road

Golf Course Road attracts Gurgaon’s elite. It boasts of beautiful residential projects as well as some of the finest commercial buildings. Over the past few years, it has attracted not just IT offices but also banks and financial institutions and retail brands looking for an office for rent in Gurgaon. 

You can lease a desk for a month at a Coworking space on Golf Course Road for as little as Rs 11,500. Of course, if you prioritize the need for quality service and want better facilities, you can also find desks at a higher price range that go up to Rs 29,000 per seat per month. The vast range ensures that there’s a solution for every company. 

Near Huda City Centre And Sector 44

You’re not the only one to look at a Coworking space near Huda City Centre. As a result of connectivity with the metro lines, this is a popular location for Coworking. It’s ideal for companies with employees based in both Delhi and Gurgaon. Another reason it attracts interest is because of the reasonable desk lease rates. 

On average, you can lease a hot desk for between Rs 6,000 and Rs 8,500. Some Coworking spaces are priced lower with desk space available at as little as Rs 4,000 per desk while there are others too that price desk space higher and enter the 5-figure range. 

Manesar

Manesar was once considered a space only for factories and industries but as the residential side of this area has grown, so has the number of offices in the vicinity. There are a number of Coworking spaces that have also been set up in the area. Leasing a desk for a month costs around Rs 5,000 on average. You can even book a dedicated workspace within Rs 7,000 per month. This is relatively lower than the cost of leasing dedicated workspaces in other parts of Gurgaon. 

Join The Trend

Coworking isn’t just for freelancers and small startups, you can even get your own managed office spaces within a Coworking unit. The benefits are many and the only way to experience it would be to try it out for yourself. The Office Pass (TOP) has ready-to-use Coworking spaces at 8 different locations in Gurgaon. To know more, reach out to us at 08999 828282. 

BOOK A COWORKING TOUR

How Coworking Offices Are Faring Up After Post-COVID Era In Delhi-NCR

How Coworking Offices Are Faring Up After Post-COVID Era In Delhi NCR

by | posted in: Coworking in South Delhi | 0

COVID helped business owners realize the benefits of remote working while it showed employees how working from home isn’t as great as it sounds. Coworking spaces emerged as the ideal balance. 

Business owners no longer need to invest heavily in commercial real estate for independent offices and employees can work from professional spaces without having to spend hours commuting. It’s no surprise that as MNCs and corporates are adapting to the new working normal, the commercial real estate sector is also being overhauled – it’s the era of Coworking in Delhi.

The Value Of Coworking Is Growing

The popularity of Coworking spaces in Delhi post covid has seen a spike. It’s not just freelancers and entrepreneurs with tight-budgeted start-ups that are flocking here. 

Established multinationals are also shifting from large central work spaces to Coworking spaces. That said, in the NCR region, there has been a shift in location preferences. Coworking spaces in Noida and Gurgaon are now as popular as Coworking spaces in Delhi. 

All of this is happening because companies have started to experience the benefits of coworking. 

Coworking Office Space in Sector 4 Noida

A Lower Commitment Of Capital Towards Non-Core Business Activities

One of the key reasons for increased interest in Coworking space after covid is the lowered capital commitment. Choosing a Coworking space allows companies to work in a Grade A property at a much lower rental fee. Contracts are based on the number of desks needed. The space is fully furnished and equipped with all the necessary infrastructure so people can start working as soon as they move in. 

Apart from not having to spend on furniture, air conditioning, printers, scanners, etc. businesses also no longer need to cater for maintenance costs. All maintenance issues are handled by the coworking space providers like The Office Pass (TOP). All these cost savings can be redirected towards product innovation and marketing campaigns that have a direct impact on the company’s growth. 

Flexible Leases

Another reason for the growing popularity of coworking during covid-19 has been the flexible lease terms. Desks can be leased for as little as a day (if needed). This has allowed businesses to maintain a hybrid working environment. 

Unfortunately, people are still falling ill and even if they are well but a family member in the house is not, they need to be isolated from the rest of the community. In times like this, they can work from home. Flexible leases are also beneficial for growing companies that are slowly scaling up their operations.

Systems For Employee Safety

Individual start-ups may find it expensive to invest in new systems for employee safety. For example, installing thermal scanners at entrances can be an expensive affair. But, it’s something Coworking spaces can afford to look at. Similarly, they can upgrade their air-conditioning systems to also purify the air. The availability of such systems makes employees more comfortable about returning to the office space in the post covid era. 

Shorter Commutes

Coworking in Covid-19 times is all about prioritizing employee needs. Choosing Coworking spaces has allowed businesses to de-densify their company headquarters. But, it’s not enough to keep employees safe within the office space, the commute has to be considered too. 

Shortened commutes are one of the other important benefits of Coworking space post covid19. Rather than commute to a central office space every day, companies can arrange for their employees to work out of a Coworking office close to their homes and commute to the central office only when required. 

If one were to look at the effects of covid-19 on coworking spaces with this in mind, it would be easy to understand why so many Coworking units are emerging in and around residential sectors.

Networking Opportunities

Coworking importance is directly linked to the importance of networking and opportunities for the same presented by shared working spaces. While working professionals still need to network to grow, the risk of travelling to another office to do so may make them think twice. 

However, in a Coworking space, meeting people and networking with them is much simpler. The people sitting at the same desk could be excellent brainstorming partners or could open up avenues for collaborations and partnership projects.

Experiencing The Shared Office Advantage In Covid-19

The future of Coworking post covid is bright and it’s time your company experiences it too. Rather than have your team work from home or invest heavily in building an independent office, you can have your team work from a shared office space. 

Look for Coworking offices with established protocols for safety and sanitation, ergonomic furniture, well-maintained printers, scanners and other machines and employee-friendly facilities like parking, lockers, and of course enough coffee to get through the day.

To know more about the coworking spaces offered by The Office Pass (TOP), give us a call at 08999 828282.

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