How to get maximum out of a Coworking Space - The Office Pass

How to Get Maximum Out Of a Coworking Space?

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Coworking spaces introduced a new work ambiance in India. The rise of this more casual and less formal workspace concept has found many takers and for many good reasons. The draw of coworking spaces has quickly expanded to include not just young entrepreneurs, start-ups, and freelancers but multi-national companies and corporate houses as well. This led to the escalation in demand for shared offices across India and mainly in the millennium city of Gurgaon.

One of the primary reasons behind Gurgaon office spaces becoming a preferred choice for individuals and companies alike is the fact that such spaces cater to their evolving needs while offering the advantages of time, money, and reduced effort. If you are looking for a shared office, here are a few tips on how to get the maximum out of a coworking space.

3 Ways to Get the Most out of Your Coworking Space

Save money: Because it doesn’t grow on trees

A penny saved is a penny earned, and there’s no doubt about that. Making money is the bottom line in the business world, regardless of whether you are an independent professional or a business owner. A coworking space in Gurgaon enables you to do this in an effective manner.

As far as saving money is concerned, opting for a coworking space instead of leasing a traditional office in Gurgaon can tilt the scale heavily in your favor. Consider this: When you select one of the high-quality shared office spaces in DLF Cyber City, you will have to shell out around Rs. 24,000 as a monthly expense. This monthly expense includes your rent for the shared office, extra payment for hiring a conference room for meetings, paperwork, internet charges, and even the salary of the support staff. In comparison, if you opt for a traditional office, your expenses will shoot up to the bracket of Rs. 40,000 or more each month for the same variables. Simple calculation says that you will be able to save to the tune of Rs. 16,000 every month if you prefer to work from a coworking space.

SHARING PICS, CABS, TWEETS & NOW OFFICES

However, that is not the end of your money-saving story. You will also be saving on fixed expenses related to furniture, office gadgets, and electrical fittings and their installation that you will need to invest in if you opt for a traditional office. So, a coworking space will not only enable you to work in a flexible and comfortable environment, but it will also help you to save money.

Save time: Because it is precious

Commuting to the office daily has become a nightmare for many people in India, and especially for those in Delhi and the NCR. The traffic snarls have stretched the commuting time of the office-goers significantly. As a result, by the time a person reaches the office, he or she is already drained of much of his or her energy and enthusiasm to plunge into work. It may not be in your hands to improve the traffic conditions on the road. But if you opt for an office in a well-connected location, you can definitely save your time. However, if you opt for a traditional office in a prime location like Gurgaon, which has an easy airport and metro connectivity and is also a highly industrialized area, you will have to pay a premium price for the same. Moving to a coworking space in this area can be the ideal solution for you.

For instance, if you choose one of the shared offices for rent near Huda City Centre metro station, you can have the best of both the options. On the one hand, your office will be located in the vicinity of large corporate houses. On the other hand, you will have the option to reach your office using the metro railway and ensure that your commuting time is reduced to a considerable extent. In other words, you will be able to devote more time to your work or business. Another crucial point to be noted here is that since Gurgaon houses several multi-national companies and big corporate houses, you will remain surrounded by cafes, restaurants, and other such facilities that have become a necessary part of one’s daily life.

Also Read: Which Is More Important – Time, Effort or Money?

Save effort: Because it matters

There is more to setting up an office than simply renting a space for the same. When you rent or lease a traditional office, the onus lies on you to make the space usable. You will have to arrange for the office furniture, accessories, electrical fittings and installation, internet connectivity, security, and even maintenance. But the scenario is quite different in a coworking space. For example, you can simply walk into one of the coworking offices near NH48 and start working from the moment you step inside.

Most coworking spaces in Gurgaon offer a range of facilities for an affordable rate, such as free Wi-Fi, accessories and equipment needed for office work, cafeteria, constant IT support, etc. In short, you can make the most of the amenities offered without spending any effort for arranging or maintaining them.

In summary, a coworking space helps you save money, time & effort so you can do what you love the most – growing your business. If you are looking for a coworking space, feel free to call TheOfficePass at 8999 828282.

Happy Coworking.

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5 Reasons why women should use Coworking Space and not Work From Home

Why women should use Coworking Space and not “Work From Home”

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Many women are attracted to the idea of working from home. The possibility of staying at home and managing a career can indeed be quite enticing. However, merging personal life and work may not always turn out to be a good idea. Whether you are a woman solopreneur, freelancer, or running your own small business, you need to ensure that your efficiency is not impacted in any way. As more and more women are opting to work independently or remotely, coworking can provide them the right environment and flexibility they need to maintain their work-life balance and carve out a niche in the professional world. Outlined below are a few compelling reasons why women should use Coworking space n not “work from home”.

5 Reasons Why women should use Coworking Space and not Work From Home

  1. Coworking is a distraction-free environment
  2. Coworking helps Overcome isolation and feel connected
  3. Network in an effective manner
  4. You get proper space for professional meetings
  5. Women discover new business opportunities

1. Coworking is a distraction-free environment

Working from home may have its advantages of no commuting during rush hours and being near your family even as you complete professional commitments. But more often than not, the home environment may not be conducive to work. One of the biggest disadvantages of working from home is the constant distractions that you have to face. Kids, television, pets, the list of distractions can be long and varied and can impact your work. A neighborhood coworking space can offer you a distraction-free environment where you can focus on your work without bothering about the chores at home.

Image: The Office Pass, Neighborhood Coworking office

2. Coworking helps Overcome isolation and feel connected

When you work from home, your time mainly gets divided between your work commitments and your family. This may leave you with no time or scope to reach out to other professionals and feel connected to them. Over a period of time, you may feel socially isolated and even discontented. Neighbourhood Coworking can help you to keep isolation at bay. Suppose that you are a freelancer who has opted to work out of a coworking space in Delhi. You can easily bond with like-minded professionals with whom you co-work and share a sense of community. This is something that you will never find when working from your home.

3. Network in an effective manner

Every working woman needs proper networking opportunities to give her career graph a boost. The best part about working out of a coworking space is that you can come across individuals belonging to different fields and industries. Shared offices allow women to build an amazing network by connecting them with such a varied group of people. Additionally, you can also tap into the network of these people if needed. What’s more, you can even share and discuss ideas with your co-workers. When you are surrounded by a group of people possessing different kinds of skills and talents, it’s easy to get inspired and learn new things. Also, most coworking spaces organize events and programs for the people who work there. You can take advantage of such initiatives and give a boost to your career, especially if you are back to work after a break. When you work from home, you miss out on such possibilities.

Also Read: How to be Productive When You Have to Work From Home

4. You get proper space for professional meetings

Women entrepreneurs, solopreneurs, and freelancers need a professional environment and space to make headways in their careers. Despite the policies and measures to promote gender equality, men still dominate India’s entrepreneurial ecosystem. Coworking spaces can solve many problems faced by women entrepreneurs at workspace. However, many women are forced to give up such a space due to pressures from society, industry, and family. Shared offices bridge this gap quite effectively. Whether you consider a coworking space in Gurgaon or London or in any part of the world, one of the reasons for their rising popularity is the professional environment they offer. Consider that you work from home and are required to have meetings with business clients regularly. A coffee shop or your home may not be the ideal place for meetings. But if you rent a seat in a coworking space, you can easily get on with your meetings in a professional environment.

5. Women discover new business opportunities

Shared offices are places where a lot of business opportunities are generated for women. Imagine that you work out of a coworking space for freelancers. You will be able to meet other co-workers who can provide you with links or referrals that you won’t have if you work from home. The feeling of belonging to a community works a lot in such places. Each individual will be trying to fulfill their work ambitions. At the same time, they won’t be inclined to compete among themselves as each one will be paving their own paths of success. This feeling of solidarity is hard to come across even in traditional offices where the sense of competition is much more pronounced.

The way ahead

It is estimated that the number of global coworking members will reach 3.8 million by 2020. As of 2017, this number stood at 1.74 million. These statistics are an indication that coworking spaces are becoming the workplace of choice. The increase in the number of coworking spaces for women across the world is another pointer to the fact that women find it advantageous to work in these flexible workplaces. If you too want to bring a transition to your work life by joining a coworking space, check out TheOfficePass.com. Apart from offering a host of facilities and services, it is a great platform where you can connect with different companies and professionals.

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Coworking Space is the future of work - The Office Pass (TOP)

Coworking is the future of work

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Why Coworking is the future of work?

Coworking has been revolutionizing the landscape of work for quite some time now. The rising phenomenon of coworking spaces offers a clear indication of how things are changing on the workspace front. In 2011, there were less than 1,150 coworking spaces across the world. By 2017, this number jumped up to almost 14,000. This figure in itself indicates why coworking is the future of work.

The growing popularity of shared office spaces

Today coworking is no longer a term that attracts the attention of only start-ups and freelancers. The concept has been enticing corporate houses, e-commerce companies, multi-national companies, and media units to highlight a few. As per a joint report by the Confederation of Indian Industries (CII), property consultant JLL, the shared office space segment in India is expected to attract investments of $400 million by 2018. The potential market size of this segment across India stands at 12-16 million seats. Out of this, 10.3 million is ascribed to large companies, 1.5 million each to SMEs and freelancers, and the remaining 0.1 million to start-ups. The staggering rise of the sector and the potential graph collaborate to point towards one thing: Coworking is the future of work. Let us explore why coworking is being termed so.

The rise of a new workforce

The style of working has evolved over the years. Today more and more people prefer to carry on their work in an independent manner. However, they are not willing to forego the feeling of being connected to a community of like-minded people. Coworking spaces step in to fulfill this need in an apt manner. Coworking helps people to reduce their feeling of being isolated. Moreover, they can go to work every day and meet different people from various backgrounds. Such intermingling at the workplace enables one to share ideas and improve knowledge and skills. At the same time, they can be their own boss.

–The Office Pass, Cyber City, DLF 3, Gurgaon – Coworking spaceThe Office Pass, Cyber City, Gurgaon, India

Coworking is A cost-effective solution

The demand for coworking spaces is primarily driven by a few specific factors. Cost-effectiveness ranks at the top of this list, followed by networking opportunities and flexibility. Currently, there are around 300 shared workspace providers operating in India. The majority of their operations are concentrated around Bengaluru, Mumbai, and Gurgaon, where the demand is at the maximum. For small enterprises, coworking can ensure a cost-saving of around 25-30% (source: Colliers International). So, if a start-up opts for a coworking space Vs taking an office space for rent in Gurgaon, it can mean a substantial saving for the company. The cost-effective location advantage is not just for the small enterprises, but for anyone opting for coworking spaces in general. So, cost-effectiveness is one major point that is expected to fuel the demand for coworking spaces in the future as well.

Also Read: 7 Reasons a Coworking Space Makes Sense for Your Startup

coworking is Flexibility at its best

For any micro organization or a small business trying to gain a foothold in their specific industry, there is often a lot of uncertainty regarding the scale of operations, growth, and cash flow. If they opt for a traditional office, they limit their opportunities of upscaling or down-scaling their operations as per the demands of the business. Coworking spaces provide them this flexibility. For instance, if they hire space for coworking in Cyber City in Gurgaon but later decide to upscale their operations, they can easily do so. The flexibility advantage is not limited to companies or organizations alone but extends to individuals as well. Suppose you opt for a coworking or shared office space for freelancers in Gurgaon but later decide to relocate to another place; all you need to do is look for another coworking space at your preferred location. With the advantages of such flexibility, coworking spaces are sure to continue increasing their popularity in the coming days also.

coworking is multi locations

Multi-national companies and corporate houses often face the need to interact with clients at multiple locations. It is not feasible to hire traditional office spaces at every location. But coworking can provide the perfect solution for this. Suppose a multinational company without a presence in Delhi wants to appoint a few employees there. Instead of renting an office space, it will be viable to go for a few seats in a coworking space in Delhi. This will ensure that the needs of the company are met in an effective manner. With the increasing prices in the real estate market and the crunch for office spaces in lucrative locations, coworking can be the best option for expanding operations across multiple locations.

The bottom line

Coworking is the future of work. So, if you are interested in taking advantage of the same, check out The Office Pass or call 8999 828282 for the very best of services and membership options for a coworking space designed to cater to your specific needs.

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Top 10 Pain Points for Small Businesses or Companies - The Office Pass

Top 10 Pain Areas of a Small Company

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Starting a small company is indeed a delightful and liberating experience, but it comes with its own share of problems and pain areas too. These pain areas can add to your struggle to run your business smoothly. When you fix these areas successfully and on time, dealing with the highs and lows of your business becomes a lot easier. But for that, you need to recognize the pain areas first. Listed below are the top 10 pain areas the any small company can relate to:

Top 10 Pain Points for Small Businesses

  1. Having insufficient funds
  2. Managing the cash flow
  3. Finding an office space
  4. Acquiring and retaining skilled staff
  5. Marketing on a budget
  6. Handling customer complaints
  7. Lacking support
  8. Dealing with competition
  9. Not having enough knowledge
  10. Protecting your Intellectual Property Rights (IPR)

1. Having insufficient funds

Lack of sufficient capital is a pain area that most small companies face in the initial years of their establishment. Without enough funds, your business strategies may suffer as it limits the ability to take risks. One way to deal with the issue is to recognize potential funding options like a small business loan, angel investor, venture capitalist, etc.

Another way out is to bootstrap. You can outsource some of the work or opt for a shared office space to reduce expenses.

2. Managing the cash flow

Managing, or to be more precise, ensuring a consistent flow of cash is something that small companies often have to deal with. There may be several reasons why you face cash flow issues, including debts and late payments. With an online payment / invoicing solution it will be easier for you to bill customers in a seamless manner and ensure that cash flows consistently. While buying products and services try and negotiate a longer credit period.

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

3. Finding an office space

Finding an appropriate office space is one of the major problems for small businesses. The biggest of all hurdles is created, of course, by funds, or rather the lack of it. With the number of small businesses increasing exponentially over the past few years, the demand for office spaces in prime locations is on a constant rise.

If you are to look for an affordable solution, a shared office will be much cheaper than leasing a property. For instance, if you want to set up your office near metro station in Noida, a shared office will be a less expensive option in comparison to a stand-alone office for rent in Noida.

4. Acquiring and retaining skilled staff

Hiring and retaining talent is a cause of constant worry for any small company. Given that you are low on budget and not yet a brand name, attracting skilled people may be difficult. Convenience and connectivity of workspace is an important criterion for candidates. Here, once again, coworking spaces can come to your rescue.

Consider that you have taken up a shared office for rent near the metro station, as discussed in the earlier example. The money saved in leasing and furnishing the office can go in to acquiring talented staff and paying them well. Again, a shared office is a networking hotspot. As your network grows, it will become easier for you to acquire and retain talent.

5. Marketing on a budget

With competition at a fierce level, no small company today can afford to ignore marketing. But for a small company, the budget can pose a big problem. What you need to do is learn to market your business on a small budget. With technology offering several inexpensive marketing options, like content marketing and email marketing, online marketing there’s no reason to lag behind.

6. Handling customer complaints

For a company to attain success, it’s essential to keep the customers happy. It may not be easy for a small company to deal with customer complaints promptly due to the lack of resources. Instead of being dismissive, you need to listen to your customers, identify the problem, and try to offer a solution along with an apology. It will help matters a lot if your customers feel that they are being taken seriously.

Also Read: How can small Company & Freelancers save cost

7. Lacking support

Most small companies lack support.  As an owner, it may not be possible for you to tide over the problems single-handedly at all times. An unconventional corner to garner support is a coworking space. Say, your company works out of a shared office for small companies in Noida. Being a part of such a space will lead to a greater sense of community. With like-minded individuals working together, you won’t lack support.

8. Dealing with competition

Dealing with big players as competitors can be tough for anyone and two times more for a small business entrepreneur. To stay ahead of the competition, you need to focus on being innovative. When faced with strong competition, think about what you can offer that your competitors can’t. Try to adopt an innovative strategy not just with your product or service but with the marketing strategy as well.

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

9. Not having enough knowledge

One particular pain area of small companies is not having enough knowledge in every aspect of running the business. But without proper knowledge, your business may suffer. In this case, coworking can come to your rescue. Suppose you opt for a shared office space for rent in Noida; such a place will have professionals from different backgrounds coworking in it. Interacting with them can help you to learn new things and solve your problems.

10. Protecting your Intellectual Property Rights (IPR)

Intellectual Property, which includes copyrights, trademarks, patents, etc. are crucial business assets that need to be protected. Often small business owners ignore or fail to do so. Either they are unaware of the things that need to be protected or they are intimidated by the process involved in doing so. As such, they remain open to the risk of having their ideas or creations stolen. To steer clear of such issues, educate yourself about the IP rights and take remedial actions at the earliest.

Starting and running a small business is not a cakewalk. However, with the right support, measures, and strategies, you can attend to the pain areas of your organization and make it successful. If your company is looking for a Coworking Space in Noida, try TheOfficePass.com or call 8999 828282.

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