Co working Space for Startups
Co working Space is one of the by-product of the phenomenon called the "sharing economy" or collaborative consumption. The term "Co working space" applies to sharing workspace with workers or business owners and startups with various background and companies.It is also defined as a business or organization dedicated to the concept of sharing workspace where individuals can work independently or collaboratively.It is a place where different companies or individuals work under the same roof,minus the divisions and minus the hefly price. Co working space are the hype of today's startup businesses.Co working space available in Mumbai.
Below are the major benefits of Co working space that might conviance you to start working is one.
- Relationship Building
- More Idea Generation
- Positive Environment
- Affordable Rates
- Collaboration with people who have different expertise
Included Co working Amenities in Mumbai
Super-fast internet
Micro-roasted coffee
Daily cleaning
24/7 building access
Business-class printers
Front desk service
Craft on draft
Professional & social events
Unique common areas
Private phone booths
Fresh fruit water
Mail & package handling
Bike storage
Community managers
Office supplies
Global network
Pros and Cons of Co working
at each growth stage of startup
THE FOUNDERS
- Productivity:A designated workspace reduces distractions ans eastablishes routine-something that's hard to do in a bustling coffee shop or at home where you hang out
- Gravitas:A downtown work address that isn't your home can make you seem bigger than you are.
- Community:Both within the local workspace and among fellow globle coworkers, Wework fills 55,000+ seats worldwide.
- Amenties:Resources,classes,event,reception,mailerroom,snaks Not to mentions the exposure to sales leads and talent.
- Consistet spend: Most subscriptions are all-inclusive,Avoid cost variance on daily coffee runs,printing and more.
Advantages
- Cost:Amenities aren't free.Membership vary by city and company.but they cost more than working from home.
- Distraction: While some enjoy the interactivity of a Co working community. others dont. Some may prefer the solitude of their own home.
- Hiring: It can be difficult to hire while in a temporary office. Prospective employees known the commute/environment could change considerably in the future.
Disadvantages
THE STARTUP
- Flexibility:Most spaces charge month-to-month per office or per head .Some even offer desks by the hour.
- Savings:Avoid office overhead like security deposits,furnishings, buildout reception and connectivity.Added desks are usually offered at a discount.
- Recruitment:Co working spaces are designed with the startup audience in mind .Think modern furnishings,collaborative space and perks galore
- Amenities:Resources, classes, events, reception, mailroom, snacks and more.
- Connections:Get exposure for your business and collaborate with people from other companies.Not to mention the access to sales leads and talent.
Advantages
- Privacy:working within the same walls as others,especially potential competitors,can be a risk.
- Operations:As you begin to hire more people,it can be difficult to configure an optimal workplace to accommodate everyone.
- Motivation:Be clear about what creates the most value for your organization.Too much distraction can negate other benefits that come with shared space.
Disadvantages
THE RAMP UP
- Flexibility: Most spaces charge month-to-month per office or per head.Some even offer by the hour. A great option for testing a new city without commintment.
- Savings: Avoid office overhead like security deposits,furnishings, buildout, reception and connectivity. Plus at this stage, added desks are usually offered at a discount.
- Collaboration: Find spaces to connect within your team and outside it. Private rooms, bench seating, couches and other spaces are all in close proximity.
- Amenities: Resources, classes events, reception, mailroom,snacks, Not to mention the exposure to sale leads and talent.
- Cool factor: They're notoriously well-designed and curat ed spaces.
Advantages
- security: Working within the same walls as others, especially potential competitors, can be a risk.
- Operations : As you begins to hire more people, it can be difficult to configure an optimal workplace to accommodate everyone.
- Culture: As a company grows and begins to create its own identity. it can be difficult to cultivate a distinct culture within a shared space.
- Cost: When your ready to relocated, the cost of Co working can be a hindrance when youre looking to invent somewhere else.
- Uncertainty: Once your team is a accustomed to a certain envionment(and community and amenities), uprooting everyone can be difficult.
Disadvantages
THE EXPANSION
Easttoworkspace provide office space and co working space options at Chembur in Mumbai. From virtual offices to co-working spaces, cabin or shared offices, eastto work space offers all types of office spaces at reasonable prices.
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