10 Things that you must prepare for before becoming an Entrepreneur

10 Things That You Must Prepare For Before Becoming an Entrepreneur

by | posted in: Entrepreneur | 0

It takes a leap of faith to become a salesperson, creative head, marketing professional, human resource executive, finance manager, administrator, and a general manager, all at once! Yes, we are talking about entrepreneurship. Converting an idea that you strongly believe in, into a product or a service that caters to the world outside is a journey worth taking. However, before you plunge into the uncertain universe of entrepreneurship, it is of utmost importance to be prepared mentally, physically, and emotionally.

10 things that you must prepare yourself for before becoming an entrepreneur

  1. Establish clear goals
  2. Know your market and customers
  3. Get the right people
  4. Know your weaknesses and strengths
  5. Gather funds
  6. Learn and unlearn
  7. Network
  8. Embrace failures and stay motivated
  9. Deal with difficult situations
  10. Make tough decisions

1. Establish clear goals

Your goals will be defined based on your industry. Opening a fast-food café in Bangalore will have entirely different goals from establishing a coworking space in Noida or a software company in Gurgaon. You must be prepared to ask yourself questions and establish your goals based on the answers. How much capital investment is required? Set your financial goals accordingly. How many people with what kind of skills will you require before you take off? This will help in establishing human resource goals. When do you expect to break-even? Set your sales and marketing goals based on that.

2. Know your market and customers

Does your product cater to a niche market or is it a generic product? Does your service address a gap in the market or will it help people in discovering their latent needs? You must chalk out the market and the customer base you aim to serve based on parameters that are relevant to your product/service, such as age group, geography, financial status, gender, etc.

3. Get the right people

You are as good as your people. Be sure of the competency levels, skill sets, soft skills, and attitude of an individual before you welcome them aboard. Search for the right values and culture, as they will shape up the culture of your company.

4. Know your weaknesses and strengths

This is crucial because it will help you identify which jobs can be outsourced and which jobs must be done by yourself. Strengthening the areas where you already hold a command rather than improving in areas where you are not good at, will help you utilize your time effectively. For instance, if you are not good at marketing, hire a marketing expert. Or if you don’t have the skills to identify the right resources, take the help of a recruiting agency. Be prepared to delegate rather than doing all the work yourself.

Also Read: 7 Useful StartUp Tips for Women Entrepreneurs

5. Gather funds

Before you sell your idea to your customers, you have to sell it to your investors. Your financing options depend on factors such as your industry, market opportunities, performance, team size, and the like. So be prepared to do your research, come up with a business plan, find investors, meet them, and pitch your ideas with confidence.

6. Learn and unlearn

If you are a learner, you can learn everywhere and anywhere. Being an entrepreneur is about learning new things, but it is also about unlearning many things you have learned in the past. Keep your mind open to new ideas and never hesitate to let go of an old idea if that doesn’t seem to be working for you.

7. Network

Making the right use of networking platforms, striking conversations, and showing interest in what others have to talk about can help you go a long way in entrepreneurship. Meeting people is equivalent to meeting opportunities. Coworking spaces can be really helpful in building your network. For instance, if you are an entrepreneur working out of a coworking office, you get to meet a lot of people from different backgrounds and industries. Many shared offices in Noida, Delhi, Bangalore, and other major cities in India also conduct networking events periodically.

8. Embrace failures and stay motivated

As you prepare yourself for the unpredictable and uncertain journey of entrepreneurship, brace up for every failure. Self-motivation is an important key to success. Read interviews, watch videos, browse through life stories of people and ideas that have made it big, despite a hundred failures. Little endeavors such as these will keep the flame of entrepreneurship burning inside you.

9. Deal with difficult situations

Entrepreneurship is a rewarding and enriching experience, but it is an equally challenging affair. Your most skilled employees might just resign one fine morning. You may not be able to raise enough funds to survive after a quarter. Your competitors might have launched a better version of your product. Your partners might not align with your thinking process. Whether you are starting a company in your garage with just one employee or operating out of a coworking office space in Noida or elsewhere with a team of 20 members, difficult situations are inevitable. Be prepared to deal with them.

10. Make tough decisions

If something is becoming an obstacle in the path of your progress, you might have to make hard decisions. Firing employees associated with your organization right from the beginning, removing a co-founder or dropping an idea that was close to your heart can be tough. However, it is always better to take tough decisions than jeopardizing your growth and progress.

Long story short, it doesn’t matter whether you are a professional working in an office space in Noida, a graduate just out of college or a homemaker. If you have the passion, persistence, vision, and skills, entrepreneurship is your cup of tea.

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What is More Important in a Coworking Space? | The Office Pass

What is More Important in a Coworking Space – Price, Location or Community?

by | posted in: Coworking Spaces | 0

It’s easy to see why coworking spaces are fast becoming the preferred choice of professionals, freelancers, entrepreneurs, and even multi-national companies. They tick the boxes for convenience, community, cost-effectiveness, collaboration, and many other factors that place them ahead of the traditional offices. 

So, deciding to work out of shared office space is an easy task. What’s tough is to select the best coworking space that best fits your requirements. Here, you need to consider major aspects like location, price, and community. 

So, which of these factors is more important when choosing a coworking space? Let’s take a detailed look at each. 

3 Important Factors when Choosing a Coworking Space

  1. Location
  2. Price
  3. Community

Location

It’s obvious to see why location plays such a key role when you choose a coworking space. A shared office positioned in a prime business locality is sure to draw more members than one that is located in a remote corner of the town or city. Also, being located near public transport points like metro stations earns them extra brownie points. But convenience isn’t the only factor to keep in mind when considering the location of a shared office. The location of your office also impacts the budget and quality of your professional as well as personal life. 

Suppose that you are living in Noida. If you opt for coworking in Noida, you can save on the commuting cost. At the same time, you will be able to reach the office in a fresh state of mind, minus the hassles of dealing with daily traffic on the road. More often than not, this translates into better concentration and productivity at work. 

But the best part is that you will save on commuting time which you can spend with your family or friends. So, maintaining the work-life balance becomes easier simply by selecting the right location for your shared office. Also, having an office in a prime locality can impress your prospective clients.  

Price

There’s no denying that you need to consider the prices when choosing to work out of coworking space. Your budget and the membership fees of the office are the two major things that decide whether a shared office is financially feasible for you or not. But these factors are also influenced by several secondary factors. What are the amenities included in the membership fee? Whether the coworking place is located within walking distance from your home or not? Does it include a free parking space or will you have to pay for it extra? 

In other words, it all depends on what you actually want out of the shared office and whether you are getting all those at an affordable rate or not. If you are just starting your business and don’t enjoy the luxury of a huge budget for your office space and accessories, you will have to place the price above everything else. 

In the case you are a successful entrepreneur or a professional with a steady stream of clients who wants a comfortable place to work out of, you can consider the price factor after deciding whether the place matches your requirements for all other aspects or not.

Also Read: Beware of the hidden costs associated with coworking and shared office spaces

Community

A coworking space can be so much more than a place where you simply go to finish your professional commitments. It can actually turn out to be the foundation for successful professional ventures, provided it has the right environment and the right community to lead you through your lean phase. That is why the community is so crucial when deciding upon a shared office space.

When you are surrounded by a bunch of enthusiastic independent professionals, entrepreneurs, freelancers, and start-ups, you get to interact with different people from different backgrounds and with different talents and skills. You can build a great professional network by reaching out to these individuals at the community events and programs that are common in any shared office in Noida and most other places. This network can help you to gain contacts or business. 

That’s not all. You can also collaborate with the talented people in your own work environment to move ahead in your professional sphere. Since people working in shared offices aren’t working for a single organization, the sense of competition is significantly less in such places. As such, people are more ready to help others. Also, you can avoid a feeling of isolation. So, with a strong community, you stand to gain a lot professionally. 

Final Word:

So, in other words, all these factors are vital in their own ways. In order to figure out which one of these is the most vital factor for you and your business, you need to evaluate your own requirement. You have to decide first whether you are looking for convenience, cost-effectiveness, or community, or a bit of all three. Once you are sure of your requirements, you can easily take your call.

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7 Effective tips to stay fit while working in office | The Office Pass

Office Routine to Keep You Fit While at Work

by | posted in: How to | 0

Long hours at the workplace, busy schedules, and a sedentary lifestyle can all come together to impact your health negatively. Even if you have opted to work out of a coworking space, at the end of the day you are spending most of your time sitting behind a desk, which is not at all good for your physical fitness. While giving up on work is not an option, you cannot also stay glued to your computer for hours on end. So what’s the best way to manage both, your health and work, in a balanced and no-so-tiring manner?

coworking space in gurgaon

The smartest and easiest way out is to incorporate your fitness plans within your office schedule. Sounds intriguing? Here are a few effective tips you can follow to keep you fit while at work.

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7 effective tips you can follow to keep you fit while at work

  1. Say hello to the stairs
  2. Indulge in stretch breaks
  3. Focus on your posture
  4. Carry your lunch box
  5. Snack it right
  6. Stay hydrated
  7. Sneak in some exercise

Say hello to the stairs

Start your fitness routine at work by saying ‘no’ to the lift and ‘yes’ to the stairs. It’s a simple yet effective way to include a short activity span in your office life. To include more steps in your daily routine, you can park your car at the spot that is furthest from the entrance and walk down the distance. If you are using public transportation, consider getting down one stop away from your office for the same purpose.

Indulge in stretch breaks

Give yourself a small stretch break every half an hour. Get up from your desk walk around for a few minutes. You can walk down to a colleague sitting at another side of the room or a few levels down to say hello. Or you can walk up to the photocopier to get your papers copied. If nothing else, you can simply walk over to an empty corner of the office and stretch your hands and legs before moving back to your desk.

Coworking Space in Cyber city Gurgaon

💡 Are you looking for Coworking space in Gurgaon, Noida or Delhi?. We are just a call away.
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Focus on your posture

Many people coworking for long hours complain about shoulder and back pain. Most of the time, it is the incorrect posture that is to be blamed. In other words, maintaining a correct posture while sitting behind your desk can spare you a lot of such physical troubles. When you are seated at your desk, make an effort to sit erect and avoid bending or hunching at the desk to reduce the stress on your spinal cord.

Carry your lunch box

People Coworking Space in Gurgaon and other places frequent the nearest fast food joints during the lunch hour or in the evenings for a quick bite. While it’s convenient to eat out, your lunch box is one of the important factors determining your health. To begin with, you can start including healthier food choices for your lunch. Also, you can save on the bucks if you carry your lunch from home. Finally, if you don’t visit a fast food joint, you save yourself the indulgences and temptations that are never good for your fitness.

Snack it right

Skipping fast food at lunchtime and then indulging in unhealthy choices for snacks will take you back to square one. An easy way to indulge in healthy snacking is to fill your drawers with healthy choices of food. You can stock up on fresh fruits, dry fruits, fat-free yogurt, a small packet of nuts, and other items in small quantities to eat whenever you feel the hunger pangs. Also, avoid the vending machine in your shared office space to spare yourself any kind of temptations.

Also Read: What are some qualities of a great coworking space?

Stay hydrated

There’s no doubt that staying hydrated is one of the elemental requirements of staying fit. Even if you are working inside an air-conditioned shared office in Gurgaon, you need to maintain your water intake. Drinking plenty of water throughout the day not only helps to keep you hydrated but also flushes out the toxins from your body and helps you to stay alert all day long. Water can also curb the hunger pangs and prevent you from over-indulging in snacks.

Sneak in some exercise

There are several exercises that you can do to keep up with your fitness endeavors in the office. The best part is that you can do them sitting right at your desk. So, instead of gossiping with your colleagues at the coffee machine, you can actually do your body a favor by exercising during such breaks. Keep a resistance band handy. If your coworking space has a gym, you can spend your break there to work out your body with a few quick and easy exercises.

💡 Are you looking for Coworking space in Gurgaon, Noida or Delhi?. We are just a call away.
Call now: 08999 828282

These tips will help you to stay on the fitness track in your office. Start by incorporating one or two changes initially and gradually include all these points in your fitness plan. The idea is to make long-lasting changes in your office routine so that you won’t have to compromise on your health ever again.

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How to Make Friends in a Coworking Space | The Office Pass

How to Make Friends in a Coworking Space

by | posted in: Coworking Spaces | 0

Being a member of a coworking space can be an exciting experience in itself. You get to work in a professional environment and yet you aren’t shackled by the restraints of a traditional office. Also, you remain surrounded by people from various backgrounds and professional interests working out of the same place, often lending it the feel of an activity hub. However, it can get tedious if you have to remain isolated in such a lively atmosphere and don’t interact with others.

So, how do you break the ice and start making friends in your coworking space? Here are a few effective tips to win over friends in your shared office.

8 effective tips to make friends in a Coworking Space

  1. Be upbeat and make an effort
  2. Attend workplace events and programs
  3. Be the go-to person
  4. Greet by name
  5. Be a good listener
  6. Engage in positive interactions
  7. Open up slightly
  8. Avoid overdoing it

1. Be upbeat and make an effort

The first step of developing a workplace friendship is to interact with your co-workers without any hesitation. Start by talking to one or two people. You can find several opportunities to break into a conversation with your coworkers. For instance, you can strike a conversation at the coffee machine or while heating food in the kitchen, which are the common facilities of coworking offices in Gurgaon and other places. Gradually reach out to more people and extend your circle.

💡 Are you looking for Coworking space in Gurgaon, Noida or Delhi?. We are just a call away.
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2. Attend workplace events and programs

Most coworking spaces organize programs and events to help their members find a toehold in their relevant industries. Do not wriggle your way out of such programs. These corporate events provide great opportunities to interact with people and extend your professional network. Be a part of such events that come with the scope to discover like-minded individuals who can turn into great workplace friends.

3. Be the go-to person

Extending a helping hand can go a long way in winning friends at your shared office spaces. If you are good at something, let your coworkers know that you are ready to help them in that aspect. For instance, if you have a knack for drafting great email responses or fixing the copier in case of paper jams, offer your assistance and you will be able to create a nice impression on your coworkers.

4. Greet by name

An effective way of warming up to your coworkers is to greet them by their names whenever you come across them. This makes people take note of the fact that you remember them. This might sound like a simple act but it is a highly effective way to develop a friendly connection with the people around you and leave behind a positive impression on them.

5. Be a good listener

When you are engaged in a conversation at the workplace, make sure that you listen attentively to what the other person is saying. Show genuine interest in what they are doing and appreciate them for their efforts and success. Also, do not indulge in excessive flattery or you might look like a person who is not so genuine. Be yourself and also be kind to and appreciative of others. You will soon find yourself making friends at your coworking office.

Also Read: Things to keep in mind before selecting a Coworking space

6. Engage in positive interactions

While gossiping and complaining may seem to be an easy way to converse with your coworkers, it’s not the right way at all. You can share a concern or complain about something once in a while, but avoid doing that on a regular basis. As far as gossiping is concerned, it’s better to avoid it altogether. This way, you will be able to portray yourself as a positive and cheerful person among your co-workers and win some brownie points as a potential workplace friend.

7. Open up slightly

You don’t need to divulge all the details of your personal life from the word go. But after you start talking regularly with a person at work, you can consider sharing a bit about your personal life. For instance, you can talk about your pet and share a funny anecdote in that context. Or you can share where you would like to go on the next vacation. Ensure that you keep the conversation lively and engaging.

💡 Are you looking for Coworking space in Gurgaon, Noida or Delhi?. We are just a call away.
Call now: 08999 828282

8. Avoid overdoing it

Making an effort to engage in conversations with your coworkers is fine. That having said, you need to make sure that you are not overdoing it or crossing your line. If you find someone is busy at work, allow them to finish the task before you strike up a conversation. Also, know where to draw the line while discussing any topic, else people may think of you as being pushy.

So, are you all set to enter the world of coworking? The tips we have discussed here will help you make friends at your coworking without trying hard. If you are looking for a shared office in Noida, you can check out The Office Pass. It is a great place to work and find like-minded people to have a great time during your work hours. Why not give it a try?

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