Today the business environment of modern India is dominated by, emerging businesses including the Micro Small and Medium Enterprises (MSME), Small and Medium Business (SMB) and particularly the freelancers. In such a social environment, when start ups and entrepreneurship is at an all time high, the idea of office and business interactions has become considerably flexible and unconventional. These emerging enterprises, though they seek to compete with the existing giants of their respective fields, their bank accounts might not always be in their favor. Hence, the concept of rented offices is becoming widely popular these days. Owning a building or the flat, where the office is situated, is no more a pre-requisite for running a business.
Companies working at small scale, do not want to invest a large amount in property and instead chose to invest in the business and the employees. So, to cater to the changing business scenario, there is a whole new sector in the business fields, who provide shared office spaces on rent for these emerging entrepreneurs. A lot of start ups find these facilities very convenient and easy on the company’s accounts.
Here’s a list of things you need to keep on mind when you search for coworking spaces:
- The Locality
Look for a place where you get to be as close to all the business action in town as possible. It is necessary to ensure convenience of your employees and clients. The office space must be easily accessible from prominent areas of the city and well connected by public transportation facilities. Also, consider the office space close to corporate giants so as to give your business an ideal address. Such areas are always located in proximity to civic amenities also.
- Facilities and Services
As per the needs of your business depending on the business operations, decide what are the things that you absolutely need in your office. A lot of Co-working space comes with the basic amenities like WiFi, security, housekeeping, printing, car parking, waiting area, lift access, IT support and much more. You can even look for private cabins, dedicated desks, hot desks, conference halls equipped with all the necessities to run business.
An average employee spends approximately 45 hours in office but many employers don’t know that a fully stocked pantry can actually boost their employee’s productivity. Depending on the number of your employees, a lot of start ups these days, since they are informal in their ‘official’ relationships, have a fully stocked eating area. Employees usually look for something to munch up on quite often so that they could focus better. The science behind this says that a balanced glucose level is necessary to stay focused which reduces while working.
- Fully Furnished
This becomes an important aspect of rented offices because if you are going to invest in the office furniture you might as well buy the space. So, it makes more sense to rent a fully equipped office and use the money to run the business instead. Also, as opposed to the basic formal color schemes of conventional offices, these offices are more often a vibrant space, furnished with funky, happy looking relaxed furniture.
- Recreational Area
Again, with the changing business scenario, this is becoming very important. The considerable focus on the employee’s well-being and stress free working conditions lead to a relaxed working space where the management and the employees share a cordial relationship.
In accordance with the changing business environment, coworking office spaces are the answer to the many problems encountered by the emerging businesses. They make it affordable and fashionable at the same time, to not have your own office space, but operate from a rented space.