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5 Tips of Running a Business from a Flexible Office Space

Flexible office space for starup company

5 Tips of Running a Business from a Flexible Office Space

India was introduced to flexible office space in 2010. Back then, freelancers and entrepreneurs who needed a startup offices for day-to-day use utilized coworking spaces.

Mid-size companies used them to get a temporary solution till they get a conventional office space in their desired location. This is not the case today, Enterprises, Fortune-500, and MNCs are the users of shared offices. They might be using it as a regional office, a back office or even as their headquarters. Collaborative workspaces have boomed mainly due to the onset of the Startup Culture. They are the major users of hot desking areas.

Communal offices or Shared offices have triumphed in creating sustainable business ecosystems. Along with providing premium amenities and being located in prime locations, they provide top-notch facilities like High-speed internet, Housekeeping Facilities, Electricity with DG Backup, and many such shared features.

The metrics defined for successfully running a business from a work lounges are diverse and mesh in with several use cases. Let’s visualize on how to generate a long-term high-impact solution for your business in a business incubators.

These are 5 guidelines to manage your company from an open workspace.

    • Get rid of overheads.
    • Focus on the work that matters.
    • Collaborate, Network and Explore.
    • Make use of shared inclusive amenities.
    • An address that suits your business.

    Get rid of overheads:

    A startup spaces exempts all overheads, covering the cost of excess manpower, unnecessary bills, and time-consuming tasks. As a member of a communal offices, you include these expenses in your membership and don’t need to spend an extra penny on maintenance.

    Focus on the work that matters: 

    Would you spend your time coding, sending proposals, closing deals, setting up meetings or checking if the Internet bill is paid, going to get the broken AC fixed, look for hiring an office helper. At a innovation labs you have time for important stuff and productive work and you can focus on getting your tasks at hand

    Collaborate, Network and Explore:

    In a professional environments you meet like-minded people and chances are they are in the same industry as you are. One may absolutely use this opportunity to network and know them, learn more about their business and share ideas among each other. When like-minded people share ideas they innovate and explore new ideas together.

    Make use of share inclusive amenities: 

    How much does a team of 30 people actually use a conference room or a meeting rooms? The answer is barely and the space for it is left unused for a substantial period of time during the day. In a professional spaces members get to use conference rooms and meeting rooms for a set period of time during the month. It may or not be inclusive depending on the business centers and they usually have a credit system in place. Members also enjoy using shared facilities such as reception, lobby, cafeteria and washrooms in a business space.

    An Address that suits your business:

    Open offices in pune located in prime locations due to their role they play in cities. They are set up in hype locations to meet the needs of entrepreneurs and businessmen from all backgrounds. It may be in a IT park, a business park or a commercial zone. Virtual offices are well connected by roadways to all parts of the city for excellent commute to all members. One can find high end restaurants and eateries nearby a work hubs. Choosing a creative spaces to run your business is going to elevate your business to another level.

    Conclusion 

    In conclusion, flexible office space have evolved significantly from their early days as place for work for freelancers and startups. Today, they cater to a wide range of businesses, including Fortune-500 companies and multinational corporations, offering a versatile and cost-effective solution for modern office needs. By eliminating overheads, allowing businesses to focus on core activities, fostering collaboration and networking, providing access to premium shared amenities, and offering prestigious addresses, coworking spaces have established themselves as sustainable business ecosystems.

    8 Comments

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