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.


Did you like this article? Comment, share!

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

Future Growth of Co-working & Shared office Spaces in Bangalore

The stark deviation from the traditional office setup to Co-working spaces is the next big thing to watch out for in the coming few decades. 

The dream of leaving behind the drudgery of opaque office culture is being slowly realized with working in a liberated and collaborative Co-working space. 

The quantum of Office space in HSR layout Bangalore is a testimony to the vast growing prospects of a new way of working with Co-working at its core.

The growth seems to be more prominent if we take account some the following numbers- A CBRE research reports suggest that nearly 40 million sqft of Coworking office space has been established in the first of 2018. 

The total calculated area includes reading from 16 major cities in the Asia Pacific region and with absolutely no element of surprise Bengaluru is a major driver of such number.

Suddenly, in the last few decades, Bengaluru is associated with the increase option for Furnished office space for rent in HSR layout Bangalore and much of which has to do with startup ecosystem making its presence in the electronic city Bangalore. 

What are the trends that might be the moving point for future growth of Coworking and shared office space in hsr layout Bangalore?

Trends in Increased productivity

The basic and true premise of ‘Monotony killing productivity’ is something which has started to have to impact as more and more are taking a cue from the beginners in the field of Co-working space. 

Their sight of increased productivity along with work satisfaction has forced others to take note of it and switch the working style as swiftly as possible. 

It is a perfect example which showcases the importance of changing with the trend and being flexible. The main reason behind increased productivity is the collaboration and cohesive work structure.

Trends of Giant MNCs willing to set up an extended Co-working space

The world of MNCs is no stranger to the cutthroat competition and stay ahead of this competition the large MNCs resort to innovation. 

The recent innovative approach on which these giant's companies are trying to get an edge is based on this whole concept of Co-working. 

Now the companies are willing to extend their natural and traditional line of work structure into a Co-working pattern so that they align with the changes in the dynamic world.

Trends of cleaner and eco-friendly working space

The claustrophobia of working in the closed or shall we say confined cubicles is something very known to the corporate employees. This culminates to dreams of working in esoteric places in positive ways. 

The dream of working in such environment might seem to be a pipe dream, but with existing Co-working spaces the shift towards greener and cleaner working space is slowly being realized and possibly will drive incorporation of more such working spaces. 

Sighting the above trend, the growth of Co-working spaces and shared looks quite healthy, This shift in the workspace is just going to bolster in Bangalore unless any drastic event takes place. 

FAQ:

• What are the most popular co-working spaces in Bangalore?

• What are the best ways to think of ideas for a startup?

• What are the best co-working spaces in Bangalore, HSR layout?

• How much does a fixed coworking desk/space cost per month in Bangalore?

• What are the famous places for coworking space in Bangalore?

7 Things you need to know before renting a coworking office

With service sector expanding its reach, new job options are coming up. This creates a unique demand for more workspace in which this talent can be accommodated. Business owners thus are expanding their work and increasingly looking for new workspace. 

However, renting a premium workspace demands lot of resources which are not available always. This has given rise to the concept of coworking office.

Thinking of renting co working office in Bangalore? There are many points to consider and things to know before you take the final call regarding renting coworking space in hsr layout.

1.     Location

Coworking office in HSR layout is a great place to be as the business is good. Likewise, if you are looking forward to having worthy co working spaces in Bangalore, location is one criterion that you need to adhere to.

The location should be such that it is suitable for you and the client alike to commute and meet at. In cases, when you think that work can be done remotely, opt for coworking office that is near to your home also.

2.      Other inhabitants

Coworking space hsr layout provides a vibrant atmosphere. This is perhaps what a growing business will want. You will get a chance to meet and interact with new people who will bring worthy business to your establishment. Know about the place and other inhabitants in advance when looking for co working spaces in Bangalore. This will be helpful in long run.

3.      Ease of Commuting

Ease of commuting to the workplace should also be a priority in your mind when you are looking for a worthy co working spaces. The better connectivity you have with public transport, worthy would be the business.

4.      Futuristic and robust look

The coworking space chosen for the business should have a futuristic look. With technology being an integral part of the work culture, it is important that the coworking space has a futuristic look. The robust look will definitely boost the business and give you an edge over others in the competition.

5.      Amenities

Before you finalize the co working spaces it is great if you look for the general amenities in the area and specific amenities that the coworking space will be able to offer. Other tenants in the area will definitely be in a position to offer you some guidance and support in this regard.

6.      Budget

Budget is a great constraint at times. When choosing co working space, it is worthy if you keep the budget in mind. Going for a flashy looking office might seem to be a judicious decision initially but after the reality strikes, it would be a problem for you. It is better if planning is done adequately in advance and necessary steps be taken accordingly.

7.      Suitable for community events

The coworking space should be such that you are able to organize any specific or community event at the place. At times, business promotion events also need to be held for making the worth of your business look great.

If you have chosen the coworking office with this consideration, it will be of benefit to you in the long run and you are likely to see its good effects with the passage of time.

Rent a coworking office keeping these aspects in mind and you will make a better sense out of your business.

source: https://www.theventurestudios.in/best-coworking-space-bangalore/

Only Limited seats are available, 
GRAB YOURS NOW!!