Ways to build your business with a vibrant coworking community

At the heart of any coworking space is its community. At the staggering rate at which this sector is growing, sometimes this very essence of creating a community is lost. It is true that for any startup or independent contractor to function, the physical space and the other operational benefits plays a very important role. Today, there are numerous spaces offering posh working environment to its coworkers. However, the idea of coworking embodies and encompasses much more than that. In fact, it has very little to do with the physical space and more to do with a collaborative vibrant community.

So, even though you scout for a trendy work space, if the community building initiative is not there, you will likely suffer. That is why, at Bangalore Coworking Hub, we pay much emphasis on inter-team interaction, team building and community building initiatives. This ensures that connections and collaborations are built more organically. This, in turn, facilitates mutual support activities, business references and inter-team work collaborations.

Some activities, which can assist you to create a vibrant coworking community, are:

 Volunteering activities: By partnering with volunteering groups on common interests and activities, community members can break the ice and facilitate interaction.

Skill sharing sessions: Once a week, shared office spaces like Bangalore Coworking Hub organizes valuable skill sharing sessions. Community members provide details about the kind of skills and products that they have to the other members. This, in turn, can help members to partner together to work on bigger projects.

Host Meetups: Perhaps one of the most interesting way to facilitate community building is by organizing meetups. Whether to educate about what they are working on or to narrate their success stories, with such activities members can strengthen their network and take their business to the next level.

Cool networking event ideas to host in coworking spaces

In the current freelancing and startup ecosystem, networking has become a very crucial aspect of business. Much focus is being given to creating relationships rather than simply creating business contacts. That is why startup events, conferences and meetups have become vital to establishing vital business relationships. From marketing your products to branding and funding, the right networking strategies can go a long way in giving direction to your startup.

To help you manage costs, you can use your own coworking space to drive great networking ideas. Shared office spaces like the BangaloreCoworking Hub can be used to host different forms of networking events. From connecting with industry peers to influencers, mentors and VCs, you can build the right relationships to spread the word and support your success.

Some cool ideas to host in your coworking office are:

·       Set up demo sessions to get unbiased feedback from the rest of the community members. This will also help you identify gaps and prepare ahead of your launch.

·       You can schedule weekend happy hours and use the time to not only relax but also get to know your community members. As was mentioned before, if is always about building relationships than creating contacts.

·       You can open your door once or twice a month to meetups (tech meetups, cultural meetups etc) and share your ideas. It is also a great platform for cross learning and giving new direction to your business.

·       You can also organize an awesome hackathon in your space and learn more about the latest updates in the industry.

·       Coworking spaces are also a great platform to host 3-minute pitch sessions once a month wherein you can invite industry leaders and VCs to share the platform.

For more details and tips on creating interesting events in your coworking space, write to us and share your ideas.

How Co-working Spaces are a Boon To Young Entrepreneurs

With the  current change  in the business scenario the concept of  shared offices in the form of co-working spaces is fast emerging  providing  start-ups , freelancers and independent consultants  a space to settle down with their innovative business plans. Quite a few years back the trend of home office and cafe houses office were very prevalent wherein the young entrepreneur used to spend hours of  working alone at these places.

But as the times have changed so is the workspace .  Today these shared office space helps in bringing lot of positive results that enhance the productivity of the entrepreneur’s business. Not only the person can enjoy the cut down in his expenses at these places  but can also helps in enhancing one’s own self.

There are number of ways in which the co-working spaces act as a boon to the Young Entrepreneurs.

Inflow of Creativity: One of the major advantage of these shared offices is that the creativity  splurges out from each and every individual working in that culture.  It has been observed that with an atmosphere of creativity the work done is full of freshness and Vividness.   The whole environment is a collaborative one unlike  the virtual offices.

There  is a pool of ideas that comes out at these places and helps the young entrepreneurs to sharpen their creative minds and offer them a platform to bring out their ideas alongwith the views and opinions provided by the industry experts. Thus a lot of experimentation can be done at these office spaces.

Cost  Effective Services: When an entrepreneur is working alone then he might be in need  of those resources that are very costly and expensive. A  simple coffee that refreshes the  mind while working too makes a hole in the pockets when the budget is a constraint . In that situation these co-working spaces are a great help as they provide facilities of space  for a start-up office wherein  a young entrepreneur is able to work  with a desk and interne accessibility. Facilities like tea , coffee and distilled water too are ensured at these offices .

A lot of co-working spaces are coming  up in the metropolitan cities of the country . Bangalore Co-Working Hub is one such co-working office space that provides the shared office facility to start-ups at affordable rates.

Great Community Build Up: One of the most important advantage that is offered by these office spaces is that they act as a platform of building up great networks. A lot of community enhancement takes place at these places. Since everyone working in these shared offices are people coming from different business niche . Hence it is a great benefit to know people of similar tastes but different  but from different business.  It also act as a catalyst for crowd sourcing solutions for the young entrepreneurs.

So, these shared offices are not only a place to share the creative ideas but also a place of great  business friendships too.

How Coworking Offices are Changing the Way We Work

Say goodbye to café houses, your kitchen countertops and offices for working as the culture of coworking is fast developing as a viable option for both entrepreneurs, independent workers as well as organizations and small businesses to get things done.

Earlier, freelancers and independent workers faced great barriers while trying to identify places to work – usually ending by hopping from one coffee house to another for client meetings and then finally getting the work done  from their home or from a library.

Well, enter coworking – your one-stop solution for all your workspace woes. The concept of coworking basically involves people from different work sectors and industry areas coming together and working in a collaborative work environment. Sharedoffice communities like the Bangalore Coworking Hub even offers the option of arranging team meetings and client meetings in their conference rooms to promote increased productivity.

You may say that with a virtual office space, you get the same benefits of a prestigious business address and a meeting space when you need it. However, coworking offices take this idea a few steps further by offering you one or more of the following benefits-

• Professional Work Space for you and your team
• Low cost for the physical workspace
• High speed internet facilities
• Meeting and conference facilities
• Power backup
• Collaborative work environment for interaction and networking with fellow coworkers
• Opportunities for business
• Security Services
• Regular office cleaning services, and much more.

Thus, it is seen that the benefits of coworking in increased productivity, cost saving and overall happiness and well-being is much more as compared to a traditional office or a home office. Besides this, shared offices, being a hub for startup companies and emerging entrepreneurs are abuzz with enthusiasm and creativity – which often becomes contagious and diversify within the work environment.

It is but natural that when you are sharing a physical work space with other like-minded individuals who are working hard to make it big and progress in life, you are often motivated which, in turn, leads to an acceleration in your own personal work efforts. Moreover, such communities are often the attraction points for larger businesses and conglomerates to search for talents and new ideas and who knows, when you particular business concept might attract the interest of such an organization for investment!

Thus, coworking offices like the Bangalore Coworking Hub provide coworkers a tremendous opportunity to think outside the box and progress in a competitive market, while at the same time, helping them to lower their business overheads and liabilities.

Why You Should Consider a Coworking Space for Your Business?

With rising number of start-up companies, entrepreneurs, freelancers and independent consultants, it has become increasingly important to define your workplace and be a part of a collaborative work platform.

If you’re from the start-up community yourself, you must have often heard that the key to success is not only to be more productive and creative but also to surround yourself with other like-minded individuals. And for this, there are few better and cost-effective ways to do this than a flexible coworking space like Bangalore Coworking Hub.

Fun, Friendly and Collaborative, such shared office spaces provide the ideal work environment with a host of additional benefits that can help to manage their business costs to a considerable extent. Even for an established corporate house, these benefits of coworking are certainly hard to ignore.

Professional Work Space without Long Term Lease – Whether you’re part of a start-up or an established business, coworking spaces offer the best option if you want to cut down your business expenses while maintaining a professional work environment. With rising real estate prices, it becomes hard to commit to a certain amount of space, especially when your business is still in the growing phase. It will also be a problem is your business suddenly feels the need to relocate to a different place or requires a smaller or larger space.

Networking Without Any Effort – For most companies, a major part of their business development strategy lies in being part of networking events, seminars and conferences. This usually takes a lot of time and prior planning. However, with shared office or coworking spaces, you could simply meet dozens of people with interesting projects by working alongside them all day. Moreover, many spaces organise meetups and networking events that facilitates interactions between people who might be able to help each other.

Legitimate Discussion or Meeting Space – Granted that working from home might seem like a great idea for a freelancer or a start-up venture. It’s comfortable, flexible and best, you won’t need to spend extra on the physical work space. However, let’s face it – it’s hardly a place where you will be able to invite your clients for any business interaction. By being part of a coworking community like Bangalore Coworking Hub, you will not able be able to operate your business but also have access to discussion and meeting rooms, which can lend some credibility to your business meetings.

Boost Self Confidence – As compared to working from a traditional work space, surveys have found that a majority number of people operating out of a coworking office have got a self-confidence boost. This is mainly due to the fact that such spaces are filled with supportive communities that enable creative collaboration.

Top 5 Indications That You Need a Coworking Space

We often believe that working from home as a freelancer or as an independent consultant helps us to save on the initial costs involved while starting up. We believe that this way we can work from the comfort of our home and leverage our business in a cost effective manner. However, this is not often the case as many of us find that we are more productive when we work from an office and are surrounded by other like-minded individuals. At the same time, we have to consider the high cost involved while working out from a commercial office space. This is where coworking offices or shared office space like Bangalore Coworking Hub come into play providing effective solutions to the start-up community.

So, if you're wondering what are the signs or indications that you need a coworking office space and not work from home, read on:

1. Your Work Productivity is Low: If you’re working out of your home, mostly you are bound to face many distractions that might affect your productivity level. For instance, you might want to go to your kitchen every few minutes for a snack, watch television or attend to your household chores. So, if you’re struggling to be more productive at home, a coworking office might be your answer. They provide a professional work environment where you will be able to work without any distractions.
2. Looking for Networking and Interactions: Whether you are a freelancers, a startup professional or an independent consultant, networking is prime for the growth of your company. To further your business, it is important to meet other professionals for networking and collaboration. So, if you are missing on all these while working from home, a coworking space might be a great choice.
3. Cost Management: If you believe that you can manage your business costs by working from home, then think again as a coworking office space can also help you achieve the same with added benefits.
4. Client Meetings: Most of the shared office spaces like the Bangalore Coworking Hub have client meeting rooms which you can book depending on your requirements. This is certainly much better than scheduling a meeting in your apartment or at a crowded coffee shop.
5. Added Benefits: There are some additional benefits as well when working from a shared office platform like high speed internet connection, security services for your systems, power backup and so on which are included within the membership charges making it much more convenient for you than working from home.

Different Ways to Use Coworking Office Space for Business Cost Management

Cost management is a prime focus area for start-ups and businesses to improve efficiency, slash any hidden costs and boost your bottom line. One of the key areas that companies need to address is looking for alternate ways to manage their infrastructure costs.

With real estate prices on the rise, often new and emerging businesses are faced with the challenge of deciding how to manage their office infrastructure costs. Addressing this very concern are coworking spaces like the Bangalore Coworking Hub – a unique way to help you plan your business expenses according to your specific requirements.

Unlike working from home, coworking office also provides additional benefits to the independent workers, freelancer or start-up company such as opportunities for collaborating, networking and mentoring. These benefits, coupled with the flexibility available at such shared office spaces, have, in fact, facilitated the growth of the start-up culture.

Check the different ways you can use coworking office space for managing your business costs:

Expansion Without Added Commitments: One of the many perks of using a coworking office space is flexibility. Such a facility enables you to manage a team in a professional work environment while you set-up a business from home. You don’t have to worry about arranging for facilities like power backups or internet connectivity or office furniture. 

All these are taken care by the coworking space, thereby freeing you from all these added commitments. You also have the flexibility of expanding your team whenever you want to without having to move to a new territory.

Setting New Branch: If you’re looking to expand your operations to a new location, you can take care of the hassle of initially setting up a new office by opting for a coworking space. This will not only assist you to curb your business costs, but also manage your employees remotely while they work from a professional shared office platform.

Outsourcing: For companies looking to outsource their work to a new company or a freelancers in a different location, using a coworking office is the best option. By setting up a shared work environment, you will be able to easily lower your business liabilities, while at the same time, monitor the work being done remotely by the outsourced agency or consultant.

It is a known fact that the practice of coworking or sharing office space has boomed among the startup and working community in recent years. This is mostly due to the different companies looking for ways to cut down on overheads and get a chance to brainstorm with their peers. However, these very firms are also starting to put new spins to the concept of using coworking spaces to get greater traction, boost profitability by lowering costs.

11 Lesser Known Advantages of Shared Offices

If you are looking for low overheads, speedy set-up and great networking opportunities then shared offices are the clear winners here. Shared offices are known for their variety of advantages that not only reduce costs but also increase your profits. Common benefits itself seem to attract business owners towards this option but along with these benefits shared offices such as the Bangalore Coworking Hub has many lesser known advantages as well. So have a look at some of these advantages which make this option even more beneficial for your business.

·   Working from home tends to blur the line between home space and work space due to the many distractions. In a shared office you can enjoy the flexibility of your home as well as the professional environment of your office, therefore creating a balance.

·     At shared office spaces, furniture such as desks and chairs are already provided. This conserves time for you and helps you get your other work done.

·         If you are a freelancer working from a shared office, you get the opportunity to meet people who are travelling in the same boat. This helps you become a part of the community and increase your network.

·         The environment in shared office spaces is very flexible compared to traditional offices. You can enjoy socializing when you are too stressed with work or you can work productively in a quiet work environment when required.

·        At shared offices, you don’t really have a long term work commitment. If you are having problems in the workplace with other people or don’t like the vibe, you can quit at your own convenience.

·        Most co-working spaces hold fun seminars and workshops for all the employees which will help you learn something new. Some of these workshops may help enhance your working skills as well.

·         The availability of conference rooms to meet with clients is another great benefit. If you are an independent consultant or a freelancer, you have the availability of a meeting room to discuss with your clients. These meeting rooms can be booked as and when required.

·         The fact that a number of offices from various industries work under one roof makes it easier for you to know people from all sectors in the corporate world. You tend to engage with more people from different walks of life.

·   Shared offices provide flexibility in terms of rent which can be extremely convenient for companies that are looking to expand in the near future.

·         Such co-working spaces are generally located in prime business locations which are really helpful for start-ups and emerging businesses. Generally individual offices at such locations would cost a lot of money and put you in a spot.

·         Access to your workplace at any time and security is another good reason to opt for shared office spaces.  These places are generally guarded 24/7, which means security of your office and its valuables is something you don’t have to worry about. 

Shared office spaces like the Bangalore Coworking Hub are an economical and practical way to control costs while benefiting from the prestige associated with a fully managed business center. But these lesser known benefits act like the cherry on top of the cake. Now making the choice shouldn't be too tough for you!  

Benefits of Using Virtual Office Spaces in Bangalore

Termed as the Silicon Valley of India, Bangalore is a favorite location for new start-ups and other established companies from all over the world. With the considerable increase in the number of companies, demand for office spaces and other expenditure has increased considerably as well. It has become quite a task for new start-ups to find suitable offices at good locations for a reasonable price. The key to success here is to find an alternative solution for these problems where you can reduce your expenses and enjoy more profits. This is where virtual offices such as the Bangalore Coworking Hub play a major role in the corporate world today.

Virtual offices are for all those businesses that don’t really need a physical location to function as a company, but they still have an office address to give to their clients in a prime location. With the real estate prices in Bangalore booming, virtual offices will cut most of your expenses. Your whole business can be done through internet, phone or video conferencing instead of you spending your money on rent and employee wages. Consider these pointers which tell you exactly why virtual offices are a much better option:

1. Flexibility – There are no leases and long term commitments you have to make with the landlord. You can rent the space by the hour, day or month. 

2. Save Money – Your overheads get reduced to large extent because you will be saving a lot of money on physical office space. You will eliminate the need for large security deposits and investments on office equipment. 

3. Receptionist and Administrative resources – Virtual office facilities offer a receptionist and amenities such as conference rooms. You can use these amenities when required and your clients will receive professional help from the receptionists. 

4. Save time – Instead of wasting time looking for office spaces in prime locations or any other equipment, all these things will be available with virtual offices. 

5.  Impress Clients – Virtual offices are generally placed in prestigious locations which can create a positive impact on your clients. Beautiful workplaces with conference rooms can improve your image as a business. 

6. Employees – With virtual offices you can employ people from anywhere across the world. This is because your business mainly takes place through communication on video, phone or email. 

7. Low Start-up Costs – Virtual offices offer a lot of savings especially for start-ups. Most of the costs are shared in terms of services and infrastructures. 

8. Get Additional Space – Virtual offices provide additional space to hold training sessions, seminars and any other office activities. 

By reaping so many benefits with almost 50% lesser costs, virtual offices seem to be the right option for any new start-up in Bangalore. With all the money and resources you save, you may even come up with new business ideas for start-ups. At Bangalore Coworking Hub, we help you to meet your office requirements so that you can run a smarter and profitable business. In addition to virtual office services, you can also be a part of our professional coworking or shared office community and interact with other startups and emerging businesses for new ideas, contacts and networks. So in case you are wondering how to progress in this technological hub of different sectors, you can start by opting for smart solutions such as virtual offices.