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.
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.
Did you like this article? Comment, share!
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.
Did you like this article? Comment, share!
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