How coworking space is redefining the way we work?

Coworking space is an office space where people of different professions work independently or collaboratively in a shared office space. They share the space as well as infrastructure which helps them in cutting down their expenses. The coworking sector in India is thriving and growing. These types of offices have become very popular and are seeing exponential growth in India. The number of coworking spaces is increasing in the country and one can easily find them all over the country. There are so many famous Coworking spaces in Chennai, Mumbai, Bangalore, Delhi, and other major cities where one can get all the amenities and facilities required at the workspace. India is the second-largest market of flexible workspace across the world, after China. Coworking spaces provide all the facilities which one can get in the traditional office such as high-speed Wi-Fi, business machinery, fax machines, printing and scanning facilities, kitchen, cafeteria, lunchroom, recreational areas, gaming zone, and many more in a very cheaper rate.

The coworking spaces are redefining the culture of working as they attract people and provides them with the opportunity to work as a remote worker. It not only attract freelancers, startups, and entrepreneurs, they also invite artists, designers, travellers, remote workers, and small teams. The virtual space and plug & play spaces are also the types of coworking spaces that are being shared by the professionals. In the coworking space, individuals don’t need to worry about the back end responsibilities like internet issues, power outages, and other internal issues. All the expenses are taken care of by the service providers. While in the traditional offices, one needs to pay the salaries to the technicians, administrative staff, and others. The service providers have taken care of the maintenance cost and other expenses. This thing saves a lot of money in which one can invest in the expansion of the business which eventually leads to the growth of the individual and company.

During the starting of the business, one needs to invest a heavy amount in leasing office space, buying furniture, and in setting up the office and later the money spent on the maintenance. In the coworking office, people can concentrate on their work without wasting their time and worrying about unnecessary things. It helps in increasing the efficiency of the individuals which helps them in working more efficiently. The environment of the traditional offices is competitive where people don't help others while in the traditional offices, the environment is motivating and people help others. They share their network with others and coworking space are all about community. Here one can expand their community and networks which them in getting more clients and projects. Coworking space provides an opportunity to work from remote locations and work flexible hours while in the traditional office one cannot have this opportunity. Here one can relax and indulge in recreational activities which helps in the rejuvenation of the mind and body which also helps in increasing productivity. If an employee is satisfied then he will help in the growth of the company by being more productive. Coworking space offers them an opportunity to work creatively and innovatively.

Which one is better for the startup, coworking office or traditional office?

There is no doubt that traditional offices have their advantages but one also cannot deny the fact that coworking offices have more benefits and advantages which helps in the growth of the business in the long term. People are shifting towards the freelancing as no one likes to have someone bossing around or telling you what to do and not to do. People are becoming aware and more interested in exploring the opportunities for themselves. Now people are coming out of their comfort zones and start working fearlessly, they started taking risks and this is the thing which makes them choose the entrepreneurship over the mundane 9 to 5 job.

The number of startup enthusiasts is increasing rapidly and this thing becomes easy due to the concept of coworking space. In the earlier times, when one thinks of starting a business then people get scared of due to the amount of initial investment they required but the scenario has changed. You need not invest a hefty amount for buying or leasing the traditional office. The problem is solved by the coworking space where you can share the office space with others and need to pay for the facilities which you require. In this, you need not take care of maintenance, utility bills, and other unnecessary expenses. It is budget-friendly and the saving amount can be invested in the business which will help in the growth.

Coworking space in Connaught Place can be found very easily like it can be found anywhere in the country. The trend of coworking office is emerging and India owns almost 20,000 coworking spaces. It is beneficial as compared to traditional offices for startups due to so many reasons among which the major factor is it saves a lot of money. Coworking offices are pocket-friendly, you can share the space and infrastructure with the other professionals and saves your fortune. This money can be invested in the employees' welfare and in the business. Coworking office provides all the facilities as you can get in the conventional offices such as meeting hall, conference room, private cabin, executive cabin, board rooms, training rooms, arbitration centres, and other facilities for which you need to pay a very minimal amount.

The best thing about coworking offices are you need to pay for the facilities which you required, you need not pay extra to them. And sharing a space with the people of the same interest is something helps a lot in the long term. Here you can share the ideas with the people of the same industry or with the professionals of the other industries. People share their networks with others which helps them getting new projects and new costumers. Your small team can easily accommodate in the coworking space and for remote workers, you need not spend amount for their hot desk. The environment of the coworking space is very motivated and cheerful which increases the efficiency of the workers.

COWORKING - THE POPULAR WAY OF WORKING

Being the owner of a start-up is not an easy task. You are not just the owner of the business, you are also a team lead, a mentor, a person to whom the entire team looks up to. Every move of yours is an example for your teammates. That is why your actions matter. You are also pretty careful about all your moves. You don’t want your team to get disappointed by any of your decisions. One major decision that you might have to take during the initial days of your start-up is whether to get a private office space. And believe it or not, this decision is quite a taxing one. You want to be sure about everything. You don’t want to spend a lot but then you cannot compromise on the place as well. You wouldn’t want a place in a rotten forgotten corner of the city, you will want it to be in a swank area, which will cost you a fortune.

These things can pester you a lot. Not just this, even after you get in a private office, you have a lot of things to take care off. For example, the management of the office, taking care of the need of the staff, payment of bills, etc. This is an added burden to your already worked up brain. This might take away your attention from the more important things. That is why as a start-up, you need to be in a coworking space.

There are a lot of reasons as to why coworking space is the better option for you. The major one being money. Coworking spaces are highly budget-friendly and easy to afford. You don’t have to go through the tantrums of preparing rent documents, getting a lease, etc. All you have to do is sign up for a membership plan, pay for it and you are ready to go. Once you have purchased a membership plan, all you need to take care of is your laptop and your business, everything else the management will handle. This is one of the freest and luxurious way of working. Your entire attention is just on your work and you don’t have to bother about other things.

Another reason to choose a coworking space is the facilities. You get access to high-speed internet and other office facilities like meeting rooms in Mumbai, Delhi, and other such big cities where such things are a bit expensive. Apart from the commodities, you get something very important for your start-up, the community of like-minded people. In a coworking space, you will be surrounded by people who think and act just like you do. They all are facing the same hardships and ups and downs that you might be facing or you will face in the future. By being in the vicinity of such people you do not just get contacts, you also get to learn from their experiences, so that you do not repeat the mistake yourself.

Coworking spaces are all about building a community, a positive environment for you and your business to grow. Being in a coworking space might prove to be one of the best decisions that you take for your business.

How Co-Working Spaces boost your productivity level?

Workplace plays an important role in your level of productivity. You can give your best of 
even be distracted by things and circumstances around you. The people around you also 
can influence or be the cause of your distraction. If you work from home, you may be caught
up by the household work and thus get diverted which will affect your productivity. Some 
people work very efficiently in teams whereas others prefer isolation. In this regards, coworking
spaces have emerged as a great space provider and helped in boosting the productivity levels
of people. The blooming of numerous startups have been through the best of shared spaces
where they operate from.

Following are some of the in which coworking spaces add up to the productivity level of the 
coworkers, which has been observed over a period of time in different coworking areas and
with the experiences shared by people-

Work culture expectations

Most millenials today have been driven by the trend of coworking. Gone are the days when 
traditional workspaces used to dominate. They prefer freelancing at their ease but also working
from home after a point stagnates them. Shared spaces help to bridge this gap and help in
meeting the expectations of the new gen workers who love to have a great work culture around
them.

Networking

There are various people in the shared spaces you operate from who can get you acquainted with 
the best skills they possess. You can also learn a lot from startup mentors or people who have 
already been in the phase you are in currently. All you need to do is to initiate a conversation with
people and thus the power of networking can do wonders in coworking spaces. Moreover, you can 
also get your potential clients from different businesses which operate from the same shared space.

Lesser Distractions

Most of the top companies today are moving towards cost cutting and thereby asking employees
to work from home. But working from home has its own set of distractions attached. Coworking 
spaces have an edge over working from home when comes to avoiding distractions. You are highly
motivated by your fellow coworkers and also can enjoy the benefits of not confined to a cubicle. You  
can balance your work and personal life and not mix them. Moreover, you will not be isolated and
enjoy the company of others. Studies say that more than 60% coworkers utilize their time better,

Scope of Collaboration

Coworking space in Connaught Place has many coworkers who utilize the scope of collaboration to 
the maximum. The diversity of their work and skills helps different teams to collaborate to the benefit 
of their individual businesses and they also utilize their networking skills to collaborate and end up
in high paying deals.

Thus, it is observed that coworking has maximum benefits over traditional workspaces. With the 
right utilization of space and resources available at the coworking spaces, people can give their 
best and achieve growth in the businesses and in overall development.

Why start-ups are flourishing in Bengaluru’s Koramangala?

Bengaluru has been like the Silicon Valley of India. It is one of the busiest cities when it comes to the IT industry. So many high-profile IT companies have set up their headquarters in Bengaluru, giving it the status of the tech city of the country. Certain areas like Indiranagar, Electronic City, Whitefield, Koramangala, etc. have been immensely popular amongst the business crowd.

Koramangala, however, has been a popular choice. Not just amongst the big companies but also with SMEs, start-ups, and freelancers. An entrepreneur admires the place based on its commercial value. The reasons for the same can be many. For instance, a commercial town will have a reputation of a commercial town amongst the masses as well. Your business will be amongst the giant of the industry and you will attract the same clients as the other businesses. You won’t be struggling a lot in getting investors and funding as you will be in the vicinity of the bigshots. Therefore, Koramangala is getting all the attention.

The startup circle has seen a wider growth in this region particularly. Not all the start-ups can afford to pay a hefty amount of rent tot to afford an office in an area as swank as Koramangala. They might have to struggle a lot in order to get the money for the lease and rent, or they would have to cut a big chunk out of their business investment. Having a private office in a highly commercial area is interesting but it can make a hole in your pocket. God forbid, your business doesn’t take up as you expected it, you might end up in a debt. Therefore it is necessary to go for a smart investment. And a smart investment is also a sustainable investment. Hence, to suit this thought of sustainable development a new concept is gaining popularity, the coworking spaces.

Bangalore being the IT hub of the country, has so much to offer to the young entrepreneurs. There are ample opportunities to rise and shine. But to rise and shine you need to, first, make a mark of your brand in the market. You need to show your worth to the people and show how you are better than the crowd. That requires commitment and immensely hard work.

Your environment has a direct impact on your day's input. Being in a stressed and highly distracting environment reduces the work output. Thus, your dream project will be delayed and before you can even bring out the word about it to the general public, someone else would have already done it. IT sector is the fastest developing sector and one needs to be always on their toes to survive. Hence, you would want to do everything that is needed to keep your business up and going. You would want to provide a professional environment for yourself and your team. That requires office space. But, at the beginning of your business days, can you afford to set aside a big chunk of money for lease and rents?

Most people do such small mistakes in the early days of business and end up with huge amounts of debt in the end. This is where you are required to think smartly and innovatively. You need to focus your attention not only on the product but also on the finances so that you never run dry. Therefore, going for private office space might not be a good decision, hence the need for coworking spaces.

Coworking spaces are shared office spaces. You don’t rent out the entire accommodation, you just share the required portion of it with the other company members. The best part about it is, it is highly affordable. You get every required facility that is available in a professional office space at budget-friendly prices. But one might feel overwhelmed with the number of choices that are available. While choosing your option you might get really confused and end up regretting your decision later. thus, you need to know which is the best and cheapest in the entire lot.

Koramangala has got a wide range of coworking spaces for everyone. These coworking spaces are a gateway for the young start-ups to fulfil their dream of working in a posh and high-end commercial place. These places one can only afford when the business is fine and well running, not in the initial days. Thus, these coworking spaces help them get their way amongst the giants of the business industry. Not just that when you are in a coworking space, you are basically amidst the highly innovative and motivated crowd. You are in a place where the cerebral juices are running to the maximum and you have so much to learn and discover. You can troubleshoot your problems beforehand so that your project doesn’t have to face an issue later. There are innumerable benefits of coworking spaces and the list can extend endlessly. You just need to choose the right place to suit your business needs.

Since there are so many options available you might end up getting confused in the end about what to choose and what not choose. Here is a list of a few great coworking spaces in Koramangala region of Bengaluru that you explore before narrowing down to your final choice.  

1. iKEVA

They provide professional office spaces in proximity to important city destinations. They have high-speed internet as well as phone solutions. The flexible working hours lets you get in and out at the time of your choice. It is professionally managed and you will be provided with an uninterrupted supply of electricity, maintenance, and security.

2. REGUS

When it comes to coworking Regus is the first name that comes in mind. They have amazingly designed coworking spaces suited to everyone’s need. Their international presence lets you use their office spaces even in foreign countries.

3. INNOV8

Innovate is another peppy and refreshing place to work in. they have a very different approach to a working space, which you will realise when you visit their centres. They have membership plans that will suit the needs of everyone.

4. One Co.Work

One Co.Work has been providing its customers with state of the art facilities when it comes to office amenities. They have been successful in getting 100% customer satisfaction and is must try when it comes to coworking spaces.

5. Startup Huts

It’s a cosy and comfortable office space started by IIT and IIM alumni. They have managed to provide a perfect working ecosystem for start-ups, freelancers and entrepreneurs at reasonable pricing.

6. The Hive

The Hive is yet another collaborative coworking space. they are a have an office space spreading pan-India offering shared as well as private offices with the associated amenities.

7. NASSCOM 10,000 Start-ups Warehouse

It’s a NASSCOM initiative helping to spread the entrepreneurial spirit in India, by providing budget-friendly office spaces for the ones who want to create and innovate.

8. BHive

Another amazing coworking space, providing shared office solution with associated amenities at reasonable pricing.

9. 91Springboard

They have been an established name when it comes to coworking spaces. They provide a great environment to work in with phenomenal facilities.

10. CoWork Café

They have empowered entrepreneurs, start-ups & small businesses by providing calm, inspiring, ready to use workspaces.

11. Sparkplug

This is the most quirky and vibrant place to get your start-up going. They provide coworking solutions to innovative and motivated businesses at an inspiring location. You can get good deals for membership suiting your business needs. Being in the birthplace of many successful businesses, sparkplug is a great place for you to get started. They provide you plug and play offices to simply get started with your work. With their state of the art facilities, you can enjoy working there with utmost ease and comfort.

12. Commune

Another exciting place to start working in. They have specially curated workplaces to accommodate and house ventures of all genres. They provide great working solutions for all kinds of start-ups with reasonable prices. They have a creative design to inspire you to work with immense enthusiasm all day long. It is an amazing place to start working with.

13. IndiQube

They will help you transform your work into the work of your dreams. Your project will become the popular brand that you wish for it to be. These are dedicated workspaces that will help your business grow and become what you wish for it to become.

Coworking spaces are the future of working. These places are not just helping the small business to live their dream having a good office space, but they are also helping in solving the problem of land. This concept of sustainable workspaces is not just beneficial for the businesses, it also a win-win deal for the environment. Instead of renting different office spaces, if all small businesses can be brought under one roof, the expense of water and electricity can be minimised to a great extent. This is not just a short-term solution for the business, it is a long-term solution or the global environmental issues. This is a healthy step for everyone.  

TOP 10 CO-WORKING SPACES IN MUMBAI

Coworking spaces are a new way of working. The sudden upsurge in their growth and demand in the market has caught the attention of every entrepreneur and freelancer. These places run on a very different and new way that is attractive for the young crowd. They are designed in a modern and hep way to beat the monotony of the work. They are usually in a plug and play format where you just need to get a fully functional laptop and you are good to go. They are highly budget friendly and won’t cost you a hole in your pocket. You can walk in and leave at any point. Just pay the rent for the month, or whatsoever period you require the place for and you are good to go.

But the number of options that are available in coworking spaces is unbelievably high. All you need to know here is which one is the best. So, if you are looking for a coworking space in Mumbai, you should check out the following before coming to a conclusion.

1. REGUS

When it comes to coworking Regus is the first name that comes in mind. They have amazingly designed coworking spaces suited to everyone’s need. Their international presence lets you use their office spaces even in foreign countries.

2. INNOV8

Innovate is another peppy and refreshing place to work in. they have a very different approach to a working space, which you will realise when you visit their centres. They have membership plans that will suit the needs of everyone.

3. One Co.Work

One Co.Work has been providing its customers with state of the art facilities when it comes to office amenities. They have been successful in getting 100% customer satisfaction and is must try when it comes to coworking spaces.

4. 91Springboard

They have been an established name when it comes to coworking spaces. They provide a great environment to work in with phenomenal facilities.

5. WeWork

They have been successful in creating a productive and innovative environment for young businesses by cultivating a community of people who are creators and innovators.

6. The Playce

A good and flexible coworking space this is the place to be at. The are at a very swank area of Mumbai that attracts most of the start-up crowd, Thane. You will feel the spirit of innovation in the air and you will be able to create more.

7. Bombay Connect

One of the oldest coworking spaces of India, it is now known as the Red Brick. It is available at some of the busiest places in Mumbai including Thane, Powai, Andheri, etc.

8. iKEVA

They provide professional office spaces in proximity to important city destinations. They have high-speed internet as well as phone solutions. The flexible working hours lets you get in and out at the time of your choice. It is professionally managed and you will be provided with an uninterrupted supply of electricity, maintenance, and security.

9. Lumos Cowork

This is a coworking space designed for startup enthusiasts. They offer affordable working spaces in Mumbai to the ones who are looking forward to fulfil their dream of owning a big brand.

10. Garage

If you like a fun and cool environment to work in, where the monotony of the work can be broken every day, then Garage is the place to go to. The have a unique and innovative design to bring in the innovation in you. Work alongside great businesses and leverage their energy to get better every passing minute.

COWORKING SPACE IN CONNAUGHT PLACE ARE IN VOGUE NOW

People are getting smarter and wiser by the day. Especially the ones working their minds off in a new start-up. They know what is the need of the hour and they are innovating their ideas accordingly. One such innovative idea is sustainable development in terms of workspace. Youngsters are aware of the need of the environment these days and are coming up with ideas that help to save them. One such innovative project is the coworking space.

Coworking spaces are new in these days. Earlier it used to be a dream for young people just entering the market to secure an office space in a posh place like Connaught Place. But now, thanks to the coworking spaces, these start-ups can secure an office space at prices as low as INR 5000. Coworking spaces is yet another business programme in which a big company rents a big place to lease it out to smaller businesses, freelancers, and start-ups. As the name suggests itself, in a coworking space you will be sharing a big office space with other people in different companies in businesses. The entire place might not be yours exclusively, but you will be renting out a portion of the same. This option is so appealing to the young crowd because of its budget-friendly nature. At prices as low as INR 5000, you are getting fully functional office services like Wi-Fi, HR support, conference room, personal working desk, cafeteria, essential office machines, etc. These offices are 24X7 so you can walk in and out at your own convenience. Their amazing membership plans let you save a lot of money as they are tailor-made for your needs. Some office spaces also have an international presence, you can also use your membership in a foreign city.

These budget-friendly spaces are not just good for your pocket, but they play a very important role in sustainable construction. By providing one working place to a lot of small entities one can save the space and energy that all these businesses would have consumed independently. This is one smart move for the betterment of the mother nature.

Apart from that it also plays an important role in bringing out the best in the business. You might be in close corners with your rival businesses. This leads to a healthy competition where you can learn from the mistakes of one another. Another important thing is that you can get easy access to investors and VPs of big companies, who are always on a lookout for investing in start-ups.

The idea of coworking spaces is indeed a superstar in itself. Hence, it is fair enough to see its special appearance in a prestigious magazine like Vogue. You can also fulfil your dream having a fancy office space in a swank area like CP, by choosing a nice coworking space. If you are looking for the best coworking space in CP, you must try One Co. Work. They are one of the best areas in Delhi/NCR with amazing membership plans.