Every morning when you open the newspaper, you probably spot an advertisement for a new commercial complex. Ranging from the most prime locations to somewhere quiet and further away; with fully-functioning amenities or just bare walls; and across all budgets. Such a scenario must be heaven for new businesses and entrepreneurs looking for the right workplace.
One would think so, but it isn’t. Simply because of the numerous factors that must be considered before taking the decision of whether to buy or rent an office space or not.
Face it; space costs money. When you’re a start-up, funds need to be invested in growing the business and not sunk in leasing or buying the workplace; not right away at least.
So, if you don’t have the budget for a suitable office space at the moment, you will have to compromise on the kind of place you choose. In the long run, this will affect how you work and how your business is perceived.
On the other hand, let’s say you do decide to bite the bullet and invest in the right kind of workspace. If it’s rented, you can never be sure when your landlord might decide not to renew. And if you purchase it, the loan will be a constant sword hanging over your head. No, not a comforting thought.
And then there’s the question of the infrastructure. An office cannot be just walls and people. Today, you need high-end technology and speedy communication channels, all of which cost more money.
Have you given any thought to shared offices instead? This novel global concept is quickly gaining popularity in India too, and there are already several organisations that make workspaces available as per your convenience.
Do you require a meeting room where you can invite your client or have a video call with? Perhaps you need a desk for a few of your employees every week? If you want, you can also have an office for yourself, available for as long or as briefly as you want, in a location that suits your needs the most.
The clincher is the ready smart infrastructure; everything in place, fully-taken care of and with no maintenance or overhead expenses. Pay as you use, and nothing more. Smart, right?
Shared office spaces offer enterprises the right professional environment, with the flexibility of choosing individual cabins, meeting rooms and pods, as well as fixed and flexible seating options.Essential support functions like Wi-Fi, video-conferencing, high-speed internet, and a well-stocked pantry usually available at such workplaces make sure that you have all that is needed to conduct your business in the most professional and productive manner without worrying about infrastructure.