What are the factors to consider while choosing a co-working space?

With the growth of industries over the years, you get a blessing of various options. Although, with thousands of co-working spaces emerging, it is not an easy task to pick one. So how do professionals select the workplaces? The focus of the right working environment addresses important aspects like productivity, creativity and professional satisfaction. Here, we highlighted some of the factors to consider while choosing a co-working space. 

Location: The primary thing that matters while selecting a co-working space is the location, which is equally valuable in terms of membership. Clients also get impressed if you are located in a prestigious neighbourhood. Another plus side can be conveniences situated within walking distance. 

For instance, the professionals at the co-working space HSR layout appreciate its amenities. It is the entrance to the IT Hub of the electronic city and entails other facilities like parks, wide streets and civic amenities. This co-working space is well connected to transport and also has accommodation facilities nearby. Other considerations can include parking facilities, malls, etc. 

Community: When you stay in a locality, you become a part of the surrounding association. The similar concept also prevails here, when you work in a coworking space, you become a member of the community. A co-working space gives you the opportunity to work with other people and witness their journey’s of hustle in developing a business. This also inspires you to come and work every day. 

Most importantly, it allows you to be with other companies, entrepreneurs, and individual professionals which is the biggest advantage. You cannot neglect the social aspect of working alongside people who challenge you in your work domain. This helps to avoid the feeling of isolation that would have arisen if you have worked independently. 

Amenities: Work environment is a crucial factor when selecting your co-working space. But have you thought about other amenities that can enhance your work experience? Like, what is the internet connectivity in the work area? Does it offer beverages like tea and coffee? What about the housekeeping and sanitization of the washroom? Does your work demand to have a meeting room for your clients? 

The infrastructure and amenities offered by a workspace is significant in bringing out its value proportion. All these matters need to be considered. You need to discover a co-working space that offers you the requisites that boosts your work productivity without those extras that doesn’t make much sense. 

Work Environment: Your work productivity is much dependent on your surroundings and the amount of distractions it carries. When working from home, your family members can call you for a domestic task. On the other hand, cafes are also not completely safe as it brings sounds of unwanted giggles of gossiping. 

Co-working spaces have good potential in making the ambience free from distraction but are not always perfect. Some spaces are too crowded to be considered for work. Others have problems arising from chatter due to collaboration in work projects. Co-working spaces like “The Venture Studios” take care of the privacy concerns which can be configured as per requirements. 

Budget: Both your budget and membership fees of the co-working space are integral in selecting a workplace. Some membership offers premium spaces with lavish amenities like massage and workout zones along with living accommodations that go for several thousand rupees. 

This package is ideal for successful entrepreneurs who want to work in remarkable places and expand their networks. However, if you wish something within budget, then you have to forgo certain facilities. To put simply, you need to prioritize your requirements from a co-working space so that it offers the best return on investment. 

The main idea is to look for dynamic co-working spaces that might turn helpful in gaining exposure for both your work and business. 

Why do you need a shared office space?

The idea of the shared space comes with the added advantage of mitigating cost and increasing the knowledge at the same time. The shared space was initially regarded as the coworking space for the freelancers or startups. However, now it has become a viable option for companies of all size and scale. 

With the increasing demand for the shared workspace, the opportunities for the freshers and graduates has also enhanced. Be it a tech startup or some other field related startup, sharing the office space will not just enhance the opportunities for people but it will also bring growth in productivity of the employees. 

We’ll guide you through the advantages of having a shared office space which is pocket-friendly and at times become knowledge-sharing space benefiting all. 

4 Reasons to Acquire Shared Office Space

The startups can pay heed to the following point of benefits on acquiring a shared office space

Greater flexibility

The shared office space offers undoubted benefits of  flexibility under different regimes of conduct discussed as follows:

• Flexibility in Plan- The year on lease contract does not become a headache for the companies as a month-on-month membership is offered to the companies. The coworking space offers a private desk, operators on contract and private office membership which can be cancelled or renewed on a monthly basis. 
• Flexibility in Cost- The coworking space enables the founders and startups to mitigate their cost of working and producing effective products for their client. The shared office space does not have any upfront fees, deposit charges etc. This new workspace offers an enormous amount of opportunities for the founders to initiate their work with ease.
• Flexibility in Space- In comparison to the leased out workplace the shared office space offers a tremendous amount of flexibility under the situation of the increased workforce or shifting to a new desk. The flexibility provides a peace of mind which remains out of binding in case of a typical lease system. 

Networking

The shared office space offers a greater networking platform to share different ideas and ventures. Despite working on your particular field of expertise and enhancing the growth in productivity, mingling with other entrepreneurs under the same roof would help to envision different prospects for other things. Sharing knowledge will bring forth greater drive to learn new things and evaluate the previous task of conduct. The venture studios align the startups well to make the process of work more feasible. 

Access to Partnerships

Sharing the same platform gives access to the key players in the market. Cognizant of the recent development in the various fields making those things a key role in the processing of the work enhances productivity. 

The platform also makes it accessible for the founders to engage with different people and take them on board which would help to bring growth in their ventures. 

Services 

Besides the internet connectivity, telephones, desk and other furniture are taken care of by the administrative people. Under the lease out facility, the company has to deal with a lot of things from the car parking lot for the employees to other problems. 

But under coworking space, the founders will be provided with administrative services from the manager of the place. The services provided by them includes High-Speed Wifi, free printing and scanning centre, meeting rooms, beverages and etc.

The shared office space in HSR layout provides all sorts of facilities ranging from essential amenities, onsite support, workshops and meeting rooms. Apart from these facilities, the shared office space offers learning opportunities to all the founders working at the same place. 

For shared office space , visit 

https://www.theventurestudios.in/shared-office-space-hsr-layout-bangalore/

THE VENTURE STUDIOS - Coworking Space HSR Layout

Address:

#L-176, 2nd Floor, 5th Main, HSR Layout, Sector-6, Service Lane, Near Outer Ring Road, Bengaluru, Karnataka 560102

Phone:+919555533663

Do shared office spaces work?

Shared office spaces can also be called coworking spaces. It is a very fine concept and it has a long way to go. In shared office spaces, various companies work under the same roof and share the rent.

These people with shared office spaces get access to desks, tables and in most cases connectivity to the internet. Shared office spaces do work as there are a lot of offices like that. How it works is what that has to be answered in the following.

How shared office spaces work

The following points will showcase the work procedure of the shred office space.

● In a traditional office, people see the same people days after days and form a bond among each other. However, in a shared office space, there is no obligation of falling into a creative rut in that manner. People, in fact, can be more creative in a shared office space as they will get to interact with other workers working with other sets of ideas.
● Working in a shared office space solves the problem of distractions. In a shared office, the workers are able to focus and provide their best of productivity.
● The rent of shared office space is much cheaper as more than one company is sharing the price. It is, therefore, an advantage for people working in a shared office space.
● In a shared office, the collaboration also works well. If stuck in a matter, there will be enough people around to help in those regards. If congregated to work with several other startup firms, there will be a better chance of attracting new investors.
● In a shared office space, there will be all the necessary amenities to work well in an office-like environment.
● Shared office space in hsr layout provides a host of educational facilities that may include workshops, programming, panel discussion and many more. With these educational facilities, there is a better chance for various present startups to be successful.

Turning into a revenue stream

What is to be noted here is that coworking spaces may offer an appealing revenue stream. This revenue stream can be turned into a good source of income for the space owner. People who monetise the shared office space do so to expand their profit stream.

However, managing the resources and keeping them intact is another matter of task. The very basic model of generating good revenue out of a coworking space is when a start-up firm takes the responsibility of organising and managing resources of the shared office space.

That way, they are signing a lease of taking the responsibility, benefitting the owner of the shared office space. The venture studios is a fine example of that.

Shared office spaces do work in a lot of ways, as discussed above. They are not only less expensive but are also very beneficial for different startup companies.

The shared office spaces are well established all over the country and it has been generating a lot of profit. This concept of shared office is internationally known and locally regarded.

Many start-up companies have done outstanding work by renting a shared office space. This concept is gaining popularity rapidly and it has a long way to go.

THE VENTURE STUDIOS
Address:#L-176, 2nd Floor, 5th Main, HSR Layout, Sector-6, Service Lane, Near Outer Ring Road, Bengaluru, Karnataka 560102
Ph: 095555 33663

How to setup a coworking space:7 Points

Put an end to any doubts you may have about this matter. Find out if it's really a good idea and how far to start.


More and more, there are entrepreneurs with innovative ideas and new business models that are beginning to establish themselves in the market, such as startups.
This also changes the need for space for work, opening up an opportunity for coworking. Based on office sharing, this practice promises to be one of the biggest business trends worldwide.


Coworking is "becoming" around the world, today we can find different spaces within a neighbourhood, becoming a great way out for those who work at home, travellers, great entrepreneurs and startups.

The data shows that the culture of shared offices arrived in Bangalore with all the strength and should become increasingly relevant in the entrepreneurial market.

The Venture Studios, A Coworking space in HSR layout played an important role in this!

Do you have any property stopped and want to optimize this space increasing your income? Then you can invest in a coworking space. The last census revealed that this market segment grew by 110% in 2019 compared to the previous year.

But how to set up a coworking space?

Know that considerable initial investment is needed and the environment must be adequate for professionals to carry out their activities.
If you have this doubt, we clarify everything in this post.

Coworking Is About People


Before you think about opening a coworking space it is necessary to understand the most important point: Coworking is about people, not about chairs. You are not renting square meter, tables or rooms. You are building a community of professionals.
The vast majority of spaces offer a variety of services, such as event space, private/shared rooms and consultancies. But those spaces that really thrive and make the market proud are the ones that have a community of amazing people around.


Not a Parallel Activity


Several coworking spaces are born as the second activity of their founders. But you are wrong to think that you can manage a commercial co-working space along with your career or "main" activity.
What do you expect from your property if it is a Coworking? Will you create a project or a company?


If you just want to gather some interesting people, share the costs, exchange experiences, think about creating a non-profit project. People tend to be less demanding and more collaborative that way.
Now, if you want to start a business and live from it, you need to devote full time to that task. And, in fact, you'll probably need help. Think about having a partner or hiring someone to help you operate. Understand how we help you publicize your coworking space.


Coworking is About Environment


You should keep in mind that good spaces devote a large area to coworkers' coexistence.
No one will exchange experiences if they feel that they are disturbing their colleague next door.
Think about how the furniture will be made available in space. Offices are places where people spend considerable time, so it is important to invest in quality furniture.
Colours and lighting also provoke different sensations in people and therefore also influence the working environment. It is important to be aware of this choice so that they bring positive stimuli to space.


Invest in an area of coexistence, after all, there will be several profiles of people living daily in your space of coworking. Both to work and to hold meetings. It will be a space for networking and interaction.


Financial Viability


Will coworking bring results? Coworking is a very profitable industry, but you need to understand everything that involves opening an office and be willing to put in the right effort to make it work.
The physical structure that a coworking needs to function is not small. Probably you will have to make some adaptations in space so that it is transformed into a collective environment. Therefore, you will have to have a good amount for the initial investment of the business.


Working Capital


Certainly, you will have several costs with a coworking space, which is common in any type of business.
And to honour all these costs it is essential that you have working capital in the cashier of the company. Simple cash flow can help you define what working capital you need to start your business.


Coworking Disclosure


Do you know what you'll do to work on your coworking image? It should not be ignored! And you should think of the best tools, platforms and methods to work marketing to attract customers. After all, you need them to work.

Keep in mind what will be the target audience of your coworking space and invest in marketing to advertise your space and attract other professionals.

It's not enough just to set up an adequate and equipped coworking space in the best possible way, you need entrepreneurs and small businesses to know your space and be part of it.


Operational Processes


Like any good company, you will have to define very well what and how will be the existing operational processes in your coworking space. After all, it is also a company, your company.


Customer service is not something simple, much less the operational processes, the elaboration of the financial area and all the rest that involves the day to day of a company.
Everything should be focused on excellence, and it is important that you design and plan how all the processes of your coworking will be.


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6 Ways Co-working makes you more Productive

Coworking emerged as a way of addressing the challenges of independent workers because they lacked interaction with professional and social networks. But now coworking is not only popular among small workgroups but also in large corporations who aim to make the most out of collaborative work within their organizations. 

Even co-working spaces HSR Layout have evolved as the fastest growing trend of the decade as the startups, freelancers and big corporations are choosing coworking spaces for innovating and promoting growth. 

However, if you still don't know about the benefits that coworking spaces have to offer, then we will discuss in this article that how coworking spaces make you more productive.

Here are the 6 ways coworking makes you more productive:

• Cost savings

Renting a private office can drain you financially. On the other hand, coworking spaces are very reasonably priced for freelances. Besides, you need to arrange some additional resources like printer, desktops, fax machine etc., which you get readily available in a coworking space. Even if you are sharing the equipment, are shared cost tends to worth it. You can get coworking space in HSR layout in Bangalore at affordable prices.

• Professional working environment

It is definitely easier to get up and work on your couch in your pyjamas. But it can make you feel the absence of a professional environment. Travelling to a coworking space not only makes you feel; professional but also it is better when dealing with a client face to face.

• Builds working atmosphere

Working from home doesn't mean that you have to work for specific hours and it builds a laid back atmosphere. Whereas coworking spaces provide a productive atmosphere because everyone works tend to have the same mindset. As everyone there is for the same reason, it boosts your productivity.

• Flexible schedule

If you rent a private office, then you have to sign a lease upon a time. But it can be difficult for travelling nomads, bloggers or even if you have other commitments. Therefore, coworking spaces are the perfect option for you because you can pay by . Many companies offer rents by month also. So, you have the freedom to decide when you go to the office, not the lease.

• Collaborative environment 

Unlike working is cubical or working in an office, you are working with different people who share the same interests as you are. So if you get stuck in the middle of a the project, then you can discuss with other people who are sharing space with you and collaborate on the topic.

• Creates competition

If you are surrounded by talented entrepreneurs in office then your morale will be boosted and you are likely to perform better. 

By working n an open working space, everyone is aware of others success and downfalls, which will help to develop healthy competition among them. If you live in Bangalore then you can go for coworking space HSR layout.

Coworking spaces provide endless opportunities for the ones who want to utilize them. 

In simple words, by availing a coworking space, you are forcing yourself to go somewhere to work in order to get better networking opportunities, collaborating options and getting a professional outlook at the same time. 

The above-mentioned points will help you to decide why you should choose coworking spaces.

for more info click here 

visit: THE VENTURE STUDIOS 

Address: #L-176, 2nd Floor, 5th Main, HSR Layout, Sector-6, Service Lane, Near Outer Ring Road, Bengaluru, Karnataka 560102 

Phone: 095555 33663.

Why starting out in a coworking space is good for your startup?

A major risk is generally associated with startups. One may think about how to minimize overhead cost in the early years of a startup. 

Now, the expenses for availing a working place takes a considerable amount cost. And hence, you can minimize the expenses in the early years of a startup by opting for coworking place. 

To make the concept of coworking clear, it may be said coworking places avail all facilities of a traditional workplace but it is a communal workplace, which means employees from different companies can work together under one roof. 

In cities like Bangalore, the finding of coworking space is easy.

For instance, coworking space in HSR Layout can be considered. 

There are many advantages of a coworking place-

Low cost: Generally, a traditional working place can be availed with a contract that includes long term financial commitment. 

But in the case of coworking space, one can easily get a shared working desk on a monthly basis at a very low price. 

Moreover, most of the startups begin with an uncertain future and for a nimble startup, it is really difficult to afford own office or workspace.

Communication and collaboration with others: One of the many advantages of a coworking place is that you get the chance to meet with people from different fields. 

This provides ample scope for sharing skills and learning new things. 

You can also outsource your work within your coworking space, in case they fit the requirement of your startups.

Before choosing a co-working place, you must keep in mind certain things like focus on a particular industry or a space that includes varied industries. 

In the case of that instance, one gets the upper hand of communicating and interacting with various people from different fields and thus, one can get diversified ideas for successfully running of the business. 

On the other hand, a focused co-workplace like office space in HSR Layout can give you the advantage of sharing the workplace with people who are concerned about the same problem. 

However, before opting for a coworking place, some things must be kept in mind such as-

Firstly, a list must be made that includes what you like to have in the working place.

Secondly, find a working place that is suitable to your work culture. For example, if one desire to have a focused workspace then he should choose a workplace with the availability of private workstations.

Thirdly, you should lookout for a coworking space with a simple process of registration, leasing and billing terms.

Fourthly, there are some startups that need privacy like a lawyer or accountant. 

A person in these types of professionals if works in a co-working space without the facility of the private workstation then items on his/her computer can be viewed by other persons passing by.

Bangalore the technological hub and silicon valley of India. 

Shared office space in HSR layout is one of the best options since it is located in a residential area in Bangalore close to IT park. 

There is the availability of office space for rent in HSR layout.

Visit: The Venture studios website for more info

For More Info, Visit:THE VENTURE STUDIOS 

Address: #L-176, 2nd Floor, 5th Main, HSR Layout, Sector-6, Service Lane, Near Outer Ring Road, Bengaluru, Karnataka 560102Phone: 095555 33663

Why co-working space is ideal for startups

Over the years there have been many modifications to how we work, where we work, and who we work for. These changes are proportional to the advances that we have encountered in society in the fields of technology and human behaviour. 

One example of this is the evolution of the operation of startup organizations. In the past, even the billion-dollar companies had humble beginnings in garages, storerooms and kitchen tables but the modern day startups are taking birth in coworking spaces and serviced offices. 

With the rapid development of flexible workspaces in the industry, a shared workspace helps in adding a scent of professionalism, which might not be possible today with kitchen tables or garages.

About half of the startups in the US run their businesses from home, but your home environment may not provide the best ambience if your startup is growing and you need a proper space to hold meetings with your clients. Coworking is the answer to that problem. 

A coworking domain allows remote workers, small business owners and staff, and freelancers to work together under the same the ceiling in a shared work environment.

Big companies like Instagram, Indiegogo, Uber, Timehop and Wanderfly adopted the same philosophy during their early days. Other close to home examples include Venture Studios whose coworking space in HSR Layout is a well-connected and accessible locality. 

Coworking space, HSR layout (Visit: https://www.theventurestudios.in/best-coworking-space-bangalore/ ) is quite popular among startup founders in India.

The list of advantages include:

1. Has better facilities than your garage or home office: By now we all know the challenges, namely noise and non-business interruptions or distractions, that kitchen tables and garages might present to professionalism. 

Coworking spaces can provide you with everything that you may need to finish your project on time and that too with comfort and ease. An abundance of fresh space, light, furniture and desk area, work ambience and high-speed Wi-Fi connections are common in most coworking architectures. 

You will face lesser limitations and realise soon the increase in the pace of your work, that you initially started in your garage, in a shared workspace.

2. Builds a Human network: Coworking spaces are composed of a number of entrepreneurs, freelancers and small businesses so that every individual gets an opportunity to meet other like minds who are also trying to build a business. 

Shared workspaces often promote inter-community interactions where chats over coffee or lunch can quickly turn into an exchange of necessary work information or budding partnerships. 

Some coworking spaces organise events, which offers its people a range of ways to meet individuals from different communities or businesses thus widening relationships. 

It lets you learn something new from the people you meet and a few of the advice you receive can turn out to be highly beneficial for your startup.

3. Flexible and cost-effective: Well, having fun over kitchen tables now it’s time to consider the advantages of coworking over traditional office space rentals. Office spaces can be good for your startup but not always beneficial, especially owing to long term financial commitments. 

On the other hand, coworking allows you to rent meeting and working rooms on a daily or monthly basis thus saving a lot of expenses. 

For example, you could rent a shared desk for just $25 a day or $250 a month or a dedicated desk for $400 a month at a coworking space, if you are working in the Manhattan area of New York. 

Office rents come in at least $1,000/month. In Bangalore, coworking space in HSR layout offers similar facilities to growing companies.

4. Grows parallel to your business: Another advantage of a shared workspace is its scalability based on the performance or requirements of the business. 

If you suddenly need more facilities to support your business or need more employees to work on the project, it’s likely that the cheapest coworking space can be more flexible than a traditional office rental. 

That is why coworking space HSR layout is the first choice of startup founders who are in search for similar facilities.

For more info Vist : The Venture Studios