How Shared Office Spaces Can Really Help Your Business?

Few years back, there was a time when start-up companies, freelancers and indie consultants were seen struggling for a professional work space. They were mostly seen working out of a small work space at home or were seen struggling for space at the local coffee shop. The need for a physical location that is zoned for business was immensely felt as a professional work environment speaks volumes about the credibility of your company and its operation module.

However, thanks to coworking office spaces like the Bangalore Coworking Hub, things have changed for the better. Such shared office spaces are today much more than resources and is regarded as a community where people have opportunities to interact and network. According to Forbes, coworking spaces across the world have increased by a massive 400 percent in the last 2 years and this itself is an indication of its impact over the start-up community.

Read on to know how shared office spaces can actually help your business to grow especially during the early stages of the business credit building process:

Help Find the Right People

One thing that all entrepreneurs and indie workers face while working out of their home is isolation. But with coworking, you are surrounded by tons of similar minded individuals who are passionate to make their dreams come true. This acts like a support system and a network of people who you can instantly ask advice from anytime. Moreover, such shared office spaces are not only the hub for innovators and other inspiring independent business owners but also the focal point of interest for investors. You never know when you could be rubbing shoulders with your future business co-partner or your next investor in your coworking community.

Shared Facilities

During the initial growth phase of your business, when you are struggling to keep your liabilities low, such shared office spaces like the Bangalore Coworking Hub can help you immensely. In such communities, you have the option of keeping your business cost low by sharing facilities with other start-ups such as internet, power back-up, security services, and cleaning services and so on.

Flexibility

An important benefit of operating out of a coworking office space is flexibility. Very often, it becomes difficult for businesses to predict accurately their headcount figures during the initial few years of establishment. A shared office space can help you with the required physical work space without being tied down to any long-term contracts. You only have to pay for the actual number of member seats that you opt for. You also have the flexibility of increasing or decreasing the number of seats according to your requirements.

Accessibility

Coworkers also have the facility of accessing important facilities that can help in their business growth such as conference rooms, air-conditioning, high-speed broadband and secretarial assistants.

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!  

Selecting the Right Office Space for Your Start-Up

As a start-up you have to face many challenges that are ahead of you. One of them includes deciding where you will place your employees. The traditional practices included renting a commercial real estate office. However that is not the only option you have today. With the introduction of the concept of co-working, start-ups have a gained fresh breath of air. Co-working spaces like the Bangalore Coworking Hub give you the opportunity to work with a wide community of individuals from diverse backgrounds. They prove to be the most cost effective option for start-ups. Instead of paying a large sum of amount for an individual office space you would rather opt for a co-working space for a much lesser price.

Apart from being cost effective, various other factors will allow you to see the variety of benefits associated with co-working. Here are a few factors which can provide a fresh perspective to your business on the long run:

1. You have the benefit of meeting potential clients right inside your office. The fact that you share an office space with other businesses, gives you the opportunity to look for clients. You merely need to look to your left or right you will definitely find someone who will take interest in your business. 

2. In a surrounding where you have many people of different industries, you can create a network with all these people. As a start-up you need to make contacts so that you can create awareness of your brand among other companies. 

3. Co-working spaces always come with flexible options. You can rent out the space for how much ever time required. In traditional spaces you need to pay for a minimum amount of time which is usually one year. 

4. With so many industries under one roof, you are bound to gain new knowledge every time you step in to the office. With such a diverse crowd, it won’t be hard to make new friends and increase your list of contacts. The more people are aware of you, the more awareness you create for your business. 

5. The most obvious benefit is from the reduction of costs. Start-ups always begin with tight budgets so if you can save money just by using a co-working space, imagine the number of options you will have to expand your business. 

6. When your employees mingle with people from different sectors they tend to get refreshed by the idea which in turn increases their productivity levels. They can even share ideas and get inspired by other employees. 

 With these numerous benefits, the convenient and practical option to go with here is definitely co-working spaces such as the Bangalore Coworking Hub providing flexible and professional shared office space for start-ups in Bangalore. It is undeniable that this concept is growing to be popular amongst many big companies as well today. The right approach with the right attitude, will aid in making this concept the best option for your business. There’s nothing more you can ask for when you get the right boost for your start-up. So make sure to adapt this practical solution for bigger benefits in the long run.

Shared Office Vs Home Office - 5 Benefits to Consider

Shared offices are the best alternatives to traditional office spaces, but some people may argue that home offices are a better option. Although home offices do have their share of advantages, shared offices tend to be a more practical and sustainable approach. Home offices do help in lowering transport costs and other liabilities. But what happens when your kids don’t respect your working space or you constantly have guests over during office timings? 

Such disruptions can result in low productivity and concentration. This is when you require a flexible shared office environment like Bangalore Coworking Hub. Our coworking office space helps start-ups, independent consultants and emerging businesses to increase their productivity and business efficiency while lowering their business costs. Though home offices seem very tempting at first, you eventually realize that your home and work life must be kept on two separate pedestals.

Shared offices have various attractive benefits that will surely make your work life more comfortable and focused. To give you a clearer picture here are a few reasons why working at home can be a menace:

• Interruptions – When you are in your house working, there are bound to be constant distractions like unexpected guests or screaming kids. This can make you lose focus and time. 

• Loneliness – You will be working alone without any social interactions about the work. Doing this can cause loneliness and result to low productivity. 

• Lack of amenities – At home you will not have much storage space, conference rooms and any such facilities. This can cause you to limit your growth and inconvenience your company. 

Shared offices offer you a lot more benefits than home offices. They will boost up your confidence with the surrounding and help you focus more on your work. Check out these benefits to be convinced on this statement:

1. Networking – When you are surrounded with colleagues of different professions, you can form a big network. Shared offices have people working from all sectors so you will be able to make more contacts, which can come in use for your future. In business, creating a network is very necessary if you want to put your company right out in to the market. You may just find your next client or investor sitting next you. 

2. Group Solving – If you are stuck on a business problem, you can speak to a diverse number of people from your shared office space about it. This offers you the opportunity to informally collaborate on business issues. You even run your ideas by them to get honest criticisms about it so that you can modify it for the best. This would definitely not be possible in your home office. 

3. Amenities – Shared offices offer you professional meeting spaces such as conference halls. Instead of setting up a clean background at home while video conferencing, you can sit face to face in a professional environment and discuss with clients. You may also end up meeting professional clients at your office. 

4. Environment – With shared offices you will have the best working environment with minimal distractions. You can isolate yourself during work and get the opportunity to collaborate with different business owners. It will be a big relief for you considering the constant distractions at home. 

5. Opportunities – A shared office space can spring opportunities at you at any time. For instance you might be offered a bigger job than your current one from the other business at your office. You will always have the chance of encountering huge and beneficial opportunities that will give your career a boost. 

So instead of locking yourself up in a closed environment and working you should consider an open and professional shared office space like Bangalore Coworking Hub for your business operations. The wide array of benefits will make your shared office experience worth all the trouble!

10 Ways How Coworking can Leverage or Benefit Your Career

Unless you have been living inside a box, you should definitely have an idea of the new global movement progressing in the corporate world: Co-working. Working from home or coffee shops can become a nuisance due to the abundant distractions all around, but working from a community office space can do wonders for your company. Co-working is that emerging phenomena, which provides an environment which is as flexible and diverse as a community.

Traditional offices have become a passé since the upcoming businesses prefer a more contemporary and wise approach to working. The difference between a traditional office and a coworking space like the Bangalore Coworking Hub is that the latter provides an extra push for you to be more productive. Our collaborative work community and shared office platform provides a range of amenities and benefits that can help to leverage your career to the next level. Let’s break it down for you so that you can see the larger picture:

1.       You will be able to build and expand your professional network. Just have a look around, the woman with glasses right beside you can be your next business client.

2.       When you are surrounded by creativity, it is bound to hook itself on to you. Watching creative people working around you will boost your necessity to come up with much more creative work.

3.       Rather than sitting at home and running by an idea across yourself, you will be delighted to present them to your fellow co-workers and gain fresh perspectives on them.

4.       Your productivity levels will hit the roof in such an environment rather than working in a rigid and monotonous traditional office space.

5.       Have you hit the roadblock in constructing an innovative design for your website? Don’t worry there may be many designers and writers working around you who will surely help you out!

6.       Has the workload been bogging you down lately? No worries, just head over to the lounge area for a chat with other people from other companies. This not only relaxes your mind but can also act as an energy booster.

7.       Having keen observational and listening skills can take you a long way. You don’t know when you may see or hear something inspirational which will give you the best ideas for your work. This is the benefit of mingling with people from different sectors, cultures and backgrounds.

8.         Does one of your co-workers define the perfect intelligent individual with amazing ideas? Then you can recommend him to the HR department for that competitive job offer they have been looking to put out. You may just increase your chances of a promotion or appreciation at the company.

9.        Sharing an office with colleagues of different potentials and companies, will help you widen your knowledge base. A wider knowledge base means greater ideas and a boost in confidence regarding your work.

10.   Last but not the least, in house promoting will draw in some attention and keep your boss smiling throughout. You can spread the word about your company and market it to a diverse audience. 

Today many companies try to make their office a better surrounding for their employees because they know how much it impacts the performance.  Instead of investing in redecorating your current office space, consider a collaborative and networking shared office platform like the Bangalore Coworking Hub for your business.