How many new startups think India should have added in 2017?
You will probably be amazed to learn that, based on the Nasscom Startup Report India saw an addition that could reach over 1,000 startups a year ago. Yes, this would mean 1000 new companies or entrepreneurs. Today, India has got the third largest startup ecosystem around the globe, amidst mounting competition from countries like UK and Israel.
The new additions grab the total number of technology startups to just about 5,200, making tech-enables or technology startups because the hottest new companies. The country also witnessed an instant rise in the company with these startups centering on verticals like health tech, fintech, e-commerce and aggregators.
This relates to the next interesting question of how with restricted finance these new business organisations, manage office spaces. With the whopping real estate investment prices, buying an office building space means using funds that may otherwise be employed to develop infrastructure, technology, operations, last mile delivery, etc. And if you thought one other option of renting a location was better, then the good location will mean higher rents which in return, blocking not just a certain amount on a monthly basis, but in addition pay an upfront security deposit of 3-6 months that may be over and above the rent. This thus blocks huge funds which could otherwise be used wisely along with more important things.
Therefore, to help keep that capital unblocked, we have an choice for startups, professionals, small enterprises, and other business, and it’s coworking. Welcome to era of coworking or perhaps simple words, shared workspaces. These office spaces address the immediate needs of the customers by providing space options varying from pay-per-day to some limited period, thereby, causing them to be affordable. Not only this, for meetings or possibly a daily permanent space, whereby traders offer conference rooms and fixed spaces to your workforce. These options give flexibility so it helps save cost since you decide, what and exactly how much you will need.
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Unlike a rented space which comes unfurnished, coworking spaces are non-contractual and require no upfront investment. They come furnished, therefore, which makes them ready to move and willing to use. They also provide a cornucopia of services and benefits like private cabins, high-speed internet, cafeteria, lockers and many more, thereby, giving companies a setting of a regular office and not of the rented workplace.
That’s not every, they are only the basics checked, here are more benefits.
Choose your region is one from the biggest benefits of any coworking space. As these places are placed in more than one location, they offer flexibility to companies to create their employees work from any of the company’s convenient spaces. Also, the co-working spaces could be located in a leading area which gives solo entrepreneurs or small enterprises an usage of afford and work out of any prime location. Whereas, if you believe of owning or renting a workplace space, it goes without saying that the rent is primarily with the location as well as the facilities only later.
One in the biggest advantages of your coworking should be to add-on space while you grow. Coworking gives companies an option to maintain adding workspaces whenever they enhance the workforce and never on the basis of growth projection, which is the case inside a rented a workplace. Also, regarding customer or investor meetings, a coworking area is very much bigger, is professionally managed and includes basic amenities. Whereas, aforementioned is restricted to the workplace that the company has taken care of and service and amenities on its willingness to shell out at that time.
Apart from startups, these spaces certainly are a boon for independent workers for example designers, developers and writers, when they work together with several like-minded professionals.entrepreneurs and innovators. The work culture and networking events help people of various backgrounds collaborate for a passing fancy platform enabling knowledge sharing and finest market practices, thus, which makes them a conducive work environment
So, looking at or renting a workplace? Think again. When you have the convenience of your workplace that give a quiet, professional as well as a hassle-free environment anytime it, why block funds. We say, use a co-working space now and tell us what you think about them on our blog, Facebook or Twitter