Workspace Requirements of Young and Mature Companies

Start-ups or corporates, evolving brands or established ones, all businesses need an office. It should be a well-equipped space, reflect the company culture, and above all, serve as a productive environment for the workforce.

While young and mature companies have many workplace requirements in common, they also differ on several counts, ranging from the size of the office, the number of desks, lease terms, office layout, design, and more.

Let’s check out some of the top workplace requirements of start-ups and corporates and how they differ from each other.

6 Top workplace requirements of start-ups and corporates

1. A Business-Friendly Location
2. Scalability
3. Lease Terms
4. Office Layout
5. Collaborative Spaces
6. Furnishing and Facilities

1. A Business-Friendly Location

Having an office in a business-friendly location is a top workplace requirement of start-ups and corporates alike. It should be well-connected to all parts of the city so that clients, employees, and vendors enjoy easy access to the office. That’s why many a corporate office for companies is housed within business parks and commercially thriving CBDs.

However, start-ups might find it difficult to buy or rent an office in prime localities due to the skyrocketing prices of commercial properties. Coworking is an excellent choice for young companies in this regard. All reputed coworking operators have offices in prime localities and business parks, making it easy for young companies to enjoy the benefits of the location.

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2. Scalability

Established businesses often have large and fixed teams, and their hiring-related processes are also planned in advance. Since there is little or no possibility for abrupt upsizing or downsizing, mature companies can opt for a corporate workplace with a fixed number of workstations.

The workspace requirements of young companies, in contrast, can change drastically over a short period. They might move into an office with a team of 20 only to hire 15 more employees over the next few months. The start-up office design should be as flexible as possible to accommodate such rapid changes. For companies with evolving requirements, coworking is a better option than traditional offices as it allows them to add or remove desks without hassles.

3. Lease Terms

Whether it is an office for young companies or a corporate workplace, the importance of having a carefully executed lease agreement cannot be stressed enough. An office with flexible lease terms is best suited for start-ups as their requirements are likely to change over a short span. An agreement with a long tenure, lock-in period, or notice period might not be ideal for evolving brands.

A long-term commercial lease, in contrast, might be beneficial for mature brands as they are reasonably sure about their requirements. It gives them the stability to go ahead with their business plans without worrying about relocating to a new office anytime soon.

4. Office Layout

Based on the organizational structure, the layout of an office for young companies might differ from that of a corporate office. Most start-ups have a flat structure, while large corporates typically follow a hierarchical structure with multiple levels of management. Offices with an open floor design work well for young companies without organizational hierarchies. In contrast, a mature business with a hierarchical structure might need more compartmentalized spaces within the office.

That said, it doesn’t mean that the office space for mature companies is all about cubicles or start-up offices are all about open workstations. Though it is crucial to have common areas in the office, companies also need private rooms and quiet spaces. Reports suggest that both young and mature companies are opting for agile office design these days. That is, the office will have a mix of private and open workspaces, and employees can choose to work from an area/corner that best suits them.

Also Read: How Do Coworking Spaces Help Startups and Entrepreneurs Reduce Costs?

5. Collaborative Spaces

Collaboration is key to the success and growth of both young and mature companies. Since established corporates have been in the business for a longer time, they tend to have stronger collaborative networks than evolving brands. Furthermore, corporates have structured events and avenues for networking and collaboration, both internal and external.

Start-ups, on the other hand, benefit from an office space that promotes collaboration, such as shared offices. In addition to workstations and meeting rooms, coworking spaces typically have common areas, lounges, kitchens, and breakout zone where members can socialize. Such a collaborative environment enables young companies to build their social capital and form fruitful partnerships.

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6. Furnishing and Facilities

Office furniture and facilities are crucial workspace requirements for start-ups as well as corporates. The list includes ergonomic chairs, desks, décor, comfortable lighting, printers, Wi-Fi, storage spaces, reception area, meeting spaces, smartboards, and kitchen/cafeteria furniture, to name a few.

Based on their budget, companies can choose to get the office furnished according to their brand identity or choose a pre-furnished one. Managed offices, which are custom-designed office spaces managed by third-party operators, are fast becoming a favorite with large corporates and MNCs. Start-ups in the bootstrapping phase can kickstart their operations by moving into a coworking office where they get a pre-designed workspace complete with all amenities.

The Bottom Line

While the workspace requirements of young and mature companies vary, coworking pretty much caters to most of them. Once considered the go-to solution for start-ups, shared offices are increasingly finding favor with MNCs, especially now since the pandemic is redefining the commercial office requirement for corporates.

So, what are your workspace requirements? Whether you are looking for cost-effective coworking desks or a customized managed office, The Office Pass (TOP) can help you get the right workspace.

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