Corporate Coworking as frugal investment for your business

According to a recent report by property consultant JLL India, corporates can save up to 20-25% of their real estate costs by collaborating with a coworking space. Some of the obvious benefits are low investment, no long-term leases and no fixed capital investment. What is more attractive about being part of such a coworking community is that there is scope to interact and collaborate with professionals working with other agencies and companies.

Coworking offices were initially established to facilitate the startup community of the country. However, millennial professionals and corporates nowadays are increasingly getting attracted to this working module. The idea of working in a collaborative module is very high as there is immense scope of learning, interaction and collaboration.

Read on to find how shared office spaces like the Bangalore Coworking Hub can facilitate corporates:

1) Promote progressive culture - In current times, it is well known that to stay ahead of the curve, there is a need for corporates to adopt disruptive and unconventional strategies. Larger companies are constantly looking for ways to redefine their products and company goals. A great way to achieve this is by being part of a coworking community where you share space with a varied talent pool of startups and independent contractors.

2) Frugality - There has also been a constant attempt by corporates to develop frugal innovative ideas. In fact, this principle has been incorporated in the basic sustainability pillars by businesses. From solution trimmings to integrating cost effective assets for employees, companies are trying to figure out ways how to do better with less. What better way to contribute to this frugality principle than being part of a coworking office to manage your real estate costs? As mentioned above, such establishments also help with their no long-term lease options giving you the flexibility to plan your budgets.

3) Collaboration hub - When you are surrounded by a talent pool of startups, there are ample chances for collaboration. This also provides opportunities for companies to interact with freelancers facilitating cross learning and performance enhancement.

Plan your Christmas the Coworking Style

It’s that time of the year when you like to spend your time with your loved ones. This Christmas, extend the festivities, love and celebration to your coworking space. At BangaloreCoworking Hub, our office spaces will be open this Christmas as well so that you can share the magic with your colleagues and coworkers as well. This is also a great time to connect with your coworkers and experience a sense of cross learning and vitality.

Being associated with a coworking community during the festive season thus has its own set of advantages. Check how you can add to the celebrations with these tips in your office space:

1)     Host a Christmas Get-together: Whether it is an impromptu party or a well-planned Christmas event, you can organize one in your coworking space. Whether you are a freelancer, an independent contributor or a startup, these events will give you ample of opportunities to network and talk about possible collaborations even. Plan one to strengthen your working relationship with your coworking neighbors.

2)      Decorate your space: Although shared office spaces often put up decorations, you can also add to this by adding a little bit of festive sparkle to your own coworking areas.

3)     Enjoy your flexible hours: Unlike traditional workspaces, with coworking, you can enjoy working in flexible hours. At Bangalore Coworking Hub, if you provide advance notice, we can even help you avoid the Christmas rush by opening the space to fit your preferred timings this season.

Want us to help you plan your Christmas setting at our coworking space, send an email at connect@bangalorecoworkinghub.com.

Making the Most of a Coworking Office – Find out How

Started your freelancing or consulting career recently and wondering what your best investment could be? A coworking membership can be your best call as you not only get a professional work space but also the opportunity to work with other like-minded individuals. As such, you're presented with numerous opportunities to network, collaborate and leverage your business. Whether you are a start-up company, an independent consultant or a freelancer, there are in-numerous benefits of being a part of a coworking community like Bangalore Coworking Hub.

However, if you're expecting to just join such a collaborative coworking community and expect all these benefits without even trying, then it's important for you to rethink your business model once again. It is important to understand that being a part of such a community requires a little more effort and you can't expect to just show up and expect the interaction to happen automatically.

Read on to find out more about how you can make the most out of your coworking or shared office space:

Interact and Get Social

Make it a habit to meeting new people and interact with them at the shared office space. It is not sufficient to just come to office and sit down to work. By being part of such social get-togethers, you can get to know about other entrepreneurs and discuss new ideas as well. You never know what new opportunities will be presented to you through such interactions. Such spaces are the hub of the startup and entrepreneur scene which attracts people who are creative and passionate about business. So, make the most out of it today!

Make Your Voice Heard

At such a collaborative community, there are many people with new and interesting ideas just like you. The trick is to make yourself heard during the events that take place at the space. You can also host startup events such as a hack-a-thon, a meetup or a coworking night with the help of the coworking community manager where you can discuss opportunities to collaborate with others.

Great Business Opportunities

A shared office space is much more than just a physical area where you and your team can work. It can be the official identity of your business - a place where you can bring your prospects for meetings giving you a better chance to convert them into new customers. This will give your business a professional touch which cannot be found while working out of a cyber cafe or from your home.

So, if you are just a startup or an established business trying to find creativity outside the cubicle, then coworking offices such as the Bangalore Coworking Hub is your best bet. Take the advantage of the above mentioned perks and shape your experience and business by joining a coworking community.

Business Cost Management with Shared Office Spaces

Every business has one prime area to consider when they begin their business operations: Constructive cost management. Viable solutions to reduce costs allow the company to avoid large overhead expenses and cash drain of capital. Your primary area of concern when it comes to cost is the office space. Ever businessman’s dream is to have an office in a prime location with all facilities and lower in cost. Well such dreams can be extremely heavy on your pockets unless it is a shared office space. Shared office spaces are relatively cheaper and come with all the amenities necessary. At Bangalore Coworking Hub, you will be able to best manage your business costs with our professional, cost-effective shared office space in Bangalore.

Being a smart, creative and cost effective option many people are actually opting for shared office spaces. Such an arrangement is most effective for a start-up due to their low capital amount. Let’s break it down and analyse how shared office spaces reduce our costs:

Prime Location- If you need to buy an office space in a prime business center it costs a lot of money. When you choose the shared office option, the cost becomes way lesser and you have the advantage of being situated in a prime area. Many offices choose a business location so that it is easier for clients to find them. Therefore, a shared office space can be very advantageous in this situation.

Share Facilities- In a shared office space you have many amenities such as lounge area, conference room, receptionist, kitchen and so on according to what you choose. So getting these facilities in an individual office space would drain out a lot of money but in shared office spaces you split the money with other companies.

Flexible Lease- In shared office spaces; you can pay the lease on a monthly, yearly or short term basis. When it comes to an individual office space, you will have to meet the requirements of the landlord and pay on time.

Apart from these cost related advantages, shared office spaces have various other benefits associated with them as well. Such added benefits increase the prospects for higher profits for the company too giving it quite an edge.

Marketing- Sharing a platform with other sectors of business, gives you the opportunity to market your business and in the process gain potential clients. The awareness of your company in the business environment will increase too. When your employees mingle with the other employees there will be conversations pertaining to the company, therefore indirectly branding your business.

Inspiration- As you work with a large and diverse crowd, you are bound to find inspiration and ideas for your business along the way. Even your employees will be inspired to work better, which will increase the productivity.

Productivity- When you tend to mingle around with a crowd consisting of people with different backgrounds and sectors, you will gain fresh perspectives on your ideas or work. It is always nice to run your ideas by fresh set of faces, so that you can receive a constructive opinion about it. By doing the employees will gain a better momentum and work ethic which will eventually benefit your company.

A shared office space like the Bangalore Coworking Hub will prove as a win-win concept for both you and your employees. So why not opt for this concept and reap the benefits on the long run? Not only is it a great cost management method but it is also a practical solution for your business.