Choosing a physical location for your business gives you two options, namely traditional workspace and coworking space. While each of them has its pros and cons, choosing the right one for you depends on your business-specific requirements. To choose between the two, you have to understand the difference between them to take a final call.
Difference between Traditional Workspace vs Coworking Space
Traditional office space
Traditional spaces tend to be the working headquarters of the company. You will have enough to craft your business space when needed. The building will be well equipped with conference rooms, and you get complete control over the technology and resources of the company.
Traditional office spaces offer fewer distractions by adoring the work environment professionally and keeps you away from scheduling conflicts. These office spaces encourage individual production. While offering utmost privacy to client meetings, space encapsulates your company’s brand. In traditional working spaces, you will not find any opportunity for networking, and chances of collaboration and communication tend to be less. They also burden with vast investments of buying or leasing office space as they call for long term commitments.
These coworking office space in Gurgaon are open-concept layouts that can be shared with anyone. The areas are built to promote collaboration and communication, along with productivity. The office spaces are equipped with enough furniture and shared technology and even cafeterias. Having the business established in the coworking in Gurgaon gives an excellent networking opportunity, which otherwise will be difficult for many companies to make.
Sharing these beautifully built spaces will not bind you with long term commitments, you can pay off your used facilities on a month to month basis so, they will be no burden on your business capital needs. Coworking spaces also will not burden you with any miscellaneous expenses like renovations, purchasing furniture and buying utensils, and much more. There is a much affordable option than traditional office spaces. However, there is a slight difficulty in scheduling shared features like conference rooms and cafeterias when needed.
What is your choice?
If you are either proprietor or a small team of professionals working together, a coworking space is likely to be the best choice for you. Though it seems to be an expensive option when compared to home or a coffee shop, it provides a more conducive work environment. The coworking space seems to be congested when your team is growing rapidly. Still, you can easily move to big spaces or privately owned business space as owners of coworking spaces are flexible and don’t y bind you with long term commitments.
Your business can foster a conducive environment for socializing in coworking spaces. Your business will be surrounded by a good network of entrepreneurs and their team, making the shared working space a hotspot for networking.
The major challenge faced by the business using the coworking space is its inability to establish a brand. You will lose control over presenting your brand to clients despite having your business established in a high premium space and trendy environment.