Friday, June 21, 2019

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. 

4 Reasons why co-working space is ideal for startups.


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