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 the 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.
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.
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 to 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.
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.