What you can learn from the business plans of these 4 companies

Business Innovations

28 November 2016

What you can learn from the business plans of these 4 companies

  • Posted by Awfis Editorial

Creating a business model for your company is one of the first tasks you would need to complete before establishing your company. Your business model communicates how your business will work and make profit. The success of a business rides on it. Innovative business models are one way to differentiate yourself from the competition. Therefore the process of formulating such a model is vital.

A lot of companies have used innovative business models to ensure success. Here are a few companies that can be learnt from:

  1. Paytm

Paytm’s success can only be attributed to their unique business model. They started out with a stage by stage model paired with a powerful discounting model. They started with online payments attracting customers through the massive discounts they were offering. They emerged into a mobile wallet and then an e-commerce website. Even though Paytm is known mainly as a mobile wallet, their e-commerce business has also performed well in the market.

Paytm has now acquired a variety of markets through this approach. Their discounts have given consumers a chance to shop freely on the Paytm e-commerce website. Rather than spending on marketing activities, Paytm focussed on providing various discounts to its consumers. These discounts cut down rates by more than 50% on the original price. This ensured consumer retention. Their stage by stage model made sure that they were positioned as a market leader before moving on to the next market or stage.

Learning: Adopt a step by step procedure to capture a number of markets.

  1. Paperboat

Paper boat plays with the nostalgia aspect not only with its product, but also with its advertising and communication. Their business model mostly focuses on intelligent marketing strategies in order to be recognized amongst their competitors in the beverage industry. Their product is unique and highly relatable with an affordable price. It is also the main focus rather than promotion. Their main competitors are non-branded alternatives. Paper boat is also very cleverly placed. By partnering with Indigo airlines, they have catered to the airlines industry as well as retailers.

Learning: Pay most attention to your product and where it is sold.

  1. Ola

Ola has become one of India’s leading cab service. It aims to connect consumers with chauffeur driven cabs. These cabs are owned by third parties, most of the times by the drivers themselves. Their revenue model focuses on a variety of sources. Ola charges commission to all those riding with their cabs. Additionally, they have in-vehicle advertisements and various event and corporate tie ups. They are also constantly evolving. They released Ola Money, a mobile wallet specifically for Ola rides, to avail cashless transactions. They have recently decided to buy a number of cabs themselves and rent it out to drivers in order to differentiate themselves from their competitors.

Learning: Have a number of revenue streams.

  1. OYO Rooms

OYO Rooms is a mobile app and website which allows booking of budget rooms in hotels. It follows a marketplace model. Hotels can contact OYO if they want to be registered with the brand. The hotels that tie up with OYO are marketed by OYO itself. OYO then conducts a standardized test to determine if the hotel abides by its quality requirements. The focus of the business model is the product. OYO aims to provide consumers with luxury in a budget. You can even order room service through the OYO rooms app while staying at one of their hotels. Still at the building stage, it is still looking at improving its marketing and technology aspects.

Learning: Make sure to deliver what you promise through quality testing and setting standards.

A number of factors need to be taken into consideration while designing a business model. Learning from successful businesses, having conversations with other entrepreneurs and constantly working towards your goal goes a long way in ensuring the formulation of a good business model.

You need to be driven towards  growing your startup into a business. Find your inspiration by choosing shared office space in Churchgate, Mumbai or business centre in MG Road, Bengaluru.

5 Apps to Increase Productivity at Work

Business Innovations

25 August 2021

5 Apps to Increase Productivity at Work

  • Posted by awfis

Life has become much easier with the advent of technology. With access to latest technology, work has become less strenuous. The biggest contribution to technology has been the invention of smartphones. They have not only made communication easy, but also play core to organize our lives. The hundreds of ‘add on apps’ have made life stress-free and have definitely helped increase productivity, in every possible way.

App

Here are some applications that we feel will help you outperform at work.

  1. WandurList:

As the name suggests WandurList is an app that helps you in maintaining a number of lists. It is a clean application which enables you to make multiple lists under various folders. It is available for Android, iOS and web users, but what makes it stand out is that WandurList enables you to access the lists from anywhere and from any device. The lists that you make are saved in the cloud, thus letting you share the lists with the other users. So the next time you are out of your office and need to assign work or access previous work, WandurList will be your go to app.
wunderlist.com

  1. Shoeboxed:

Tired of keeping track of your expense receipts before submitting for tax reduction every month? We have a perfect solution for you. Use shoebox and say goodbye to the strenuous process of filling out forms. Shoeboxed is perfect for people who are up and about in the name of the business. Shoebox can access either via android, iOS mobiles or also via the web. Scan the bills and Shoebox sorts out and collates the receipts for you and also generates an expense report.  By the end of the month all you will have to do is send it out to your accounts team.
shoeboxed.com

  1. Speek:

Conference calling is an important aspect of how work happens in the business world. With growing business environment one needs to connect to people from various parts of the world and that’s where Speek steps in. It is an application that enables you to have a con-call by eliminating the process of dialling the numbers and the pin codes. Speek gives you a personal link which has to be shared with the people you want to have the conference call with and all they have to do is click the link to join in via their laptop, smartphone or the computer. So want to make a conference call? It’s just a link away now!
speek.com

  1. Keeper:

Have a lot of passwords of various platforms to keep track of? Tired of sending email to the IT to retrieve your passwords? This application takes that burden of remembering passwords off your shoulders. You have one master password that has all the passwords stored in it. If any hack is attempted all the passwords are automatically erased to maintain secrecy. This application can be accessed via a phone, laptop or a computer with the android, IOS software or by using the web.
keepersecurity.com

  1. Prezi:

Need to make flawless presentations that capture your client’s attention? We have a unique cloud based presentation application – Prezi. This app lets you put down all the information on one canvas and mark it out instead of making separate slides. It uses Adobe Flash Technology to animate the presentation. The application is easy to use and is also compatible for Windows, chrome, iOS and the Web.
prezi.com

Try the apps out and see the increased productivity that these applications bring about in your work life!

Join our business centre in Bengaluru, or our co-working space in Delhi.

Freelancers Work Better in Office Spaces than Coffee Shops

Business Innovations

25 August 2021

Freelancers Work Better in Office Spaces than Coffee Shops

  • Posted by awfis

You would have seen freelancers and solopreneurs working intensely at coffee shops, buying a cup of coffee accompanied with something to bite on now and then, more to keep the table occupied rather than ordering by choice! But working out of a coffee shop comes with a set of challenges. Being in such a relaxed, casual ambience for work, you are not really motivated enough and you can only rely on self-motivation to keep you going.

Thankfully, this is something that can be resolved by working at collaborative office spaces. Leased workspaces and desks that you can find on a reliable collaborative working website like https://www.awfis.com/inspiration/wp-content/uploads/2016/06/shutterstock_3835072871.jpg.com will also give you access to all amenities that you need when you work in an office, like free Wi-Fi and unlimited tea and coffee to keep you fueled up.

Freelancers in office spaces

Freelancers are looking for offices spaces with a positive atmosphere to conduct their work. More often than not, freelancers have a lonely job. They are at their laptops doing their work. However, at home, they have several distractions to keep them away from their desk. Coffee shops do not make the best talking environments for productive business meetings as a plethora of distractions come your way. No such worries exist in a collaborative working space where you are paying rent to be at your desk for work.

Let’s talk about the motivation factor now. Because you are in a roomful of people working on their desks, you are motivated to be a part of that workforce. You can make some great professional friends. As a freelancer, you cannot deny that working alongside others is a much better feeling that being a lone wolf, especially on days when things are a bit rusty. The general working ambience keeps you afloat, something that you find in plenty of plug & play rented office spaces.

If you have not considered working in a collaborative working environment, now is a good time to do that. All your criteria will be met and your business will commence in a cheerful and inspiring environment. After all, your venture deserves only the best.

Follow Awfis on Facebook, Twitter, Instagram and LinkedIn.

Changing The Commercial Office Space Landscape With Awfis

Business Innovations

25 August 2021

Changing The Commercial Office Space Landscape With Awfis

  • Posted by awfis

The concept of working from a designated desk is slowly dying a premature death. Young professionals are no longer bound by the idea of a fixed office desk. For them office is their laptop and they take it where they want! When it comes to getting a super productive work space on a ‘Just in Time’ basis, without being bound by the lease period or lock in’s, all you will need is to login to Awfis.com.

Our Pro-Working Centres are collaborative working structures that provides several advantages over working from home or even the nearest coffee shop! One key advantage is the immense flexibility offered through the easy to use mobile app . You can begin work at a short notice, immediately after acquiring the leased office space. There is no long lease period that you have to be bound with or limitations of continuing work in that same space for long. There are even premium cabins and fixed seats at Awfis centres that one can book from the Awfis App.

Rented Coworking offices in mumbai

Along with flexibility, comes the factor of freedom. When you enter into an agreement with Awfis for occupying its workspaces on rent, you hold the key to walk out of the arrangement as you see fit! There are no legal obligations to keep you chained. For example, if your startup is not really taking off and you want to discontinue with the office, you can opt out without any hang-ups. You can shift premises as per your requirement to meet the demands of your business as well.

Another advantage of working out of Awfis is the proximity of the office spaces with the transport lines of the city. All the major properties of https://s3-ap-south-1.amazonaws.com/uploaddocumentstomakeitpublic/wp-content/uploads/2016/06/25142525/shutterstock_3835072871.jpg, be it Mumbai, Bangalore or New Delhi, are located in a central business hubs. Your clients and customers will be able to visit your office in a jiffy. These locations add a lot of value to your business. In fact, when your own commuting hassle is drastically reduced, you are in a better position to work harder!

Awfis has several strategic business partners who provide preferential professional services at a subsidized rate as an additional offering to all its members. The amenities offered at https://s3-ap-south-1.amazonaws.com/uploaddocumentstomakeitpublic/wp-content/uploads/2016/06/25142525/shutterstock_3835072871.jpg centres include Wi-Fi, unlimited hot beverages, printing credits and meeting room credits. Therefore, after operating out of our pro-working centre’s for even a week, you will seldom consider the idea of shifting elsewhere. Once you have experienced working at Awfis, it will change the way you think about collaborative working.