Start-ups and Shared Office Space in Metros

Managed and shared workplaces have emerged as a new trend in the metros. Shared workplaces which are managed provide a great environment for start-ups to flourish. Start-ups have to deal with lot of restrictions, among which budget constraints take the lead. From setting up an office to paying salaries to the employees and then take care of post-hiring benefits and other hidden costs boils down to exorbitant operational costs. The CAPEX is high when you think of a new start-up.

Most importantly the office needs to be set. Start-ups have to plan everything ahead of their time. The approach should be futuristic. While a start-up might start with mere employee strength of 3-4 people, it can grow significantly to 10 and above. Once the employee size improves, the working conditions have to be tackled likewise. So as to balance between cost and employee benefits, shared office space option has to be explored.

Low Upfront Cost

Setting up a new office comes with a high upfront cost excluding the hidden charges. While a premium location in a metro will benefit the brand and enable easy marketing, the cost involved would rise significantly. Shared workplace model allows clients to pay nothing but a month’s rent. That rent in a managed workplace environment would mean inclusion of workstations, technology, staffing services and much more. The initial boils down to a month’s rent and the salary that you will pay your employees.

Social Network

When two or three start-ups come together, naturally, there is exchange of ideas. Knowledge sharing and brainstorming becomes a common occurrence in the office premises. Since the start-ups usually employ 10-15 employees at max, the strength is not good enough for social employee engagement. Employees get more people to interact with while business heads get a chance to discuss about their businesses. Sometimes, this set up also helps in lead generation and other process related developments.

Industry Specific Solutions

Shared office spaces can customize services to suit the requirements of the clients. Accordingly, seat rates or space rates are also decided. For example, in case of BPO seats, a workstation, dedicated telephone line with dialer and internet connection with information security is must. Shared office space that has managed infrastructure services at place can easily provide these privileges only on a smaller price.

About Gurgaon IT Hub: Gurgaon IT Hub offers a plug and play office environment and is a world class business centre with top of the line IT Infrastructure services. Besides offering a ready to move in and work environment, they offer excellent range of amenities including training, meeting and conference rooms, and breakout areas or shared office options, high speed internet, supported by an exceptionally experienced team of professionals.

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Why Moving to Shared Office Space is a Good Option

Mostly entrepreneurs are more fixated with the idea of their business. How to run the business, resources to hire to run the business, money to be invested to run the business and other peripherals to simply run the business. In all this process of “running the business”, the way a business should actually be run is lost. Soon employee benefits and employee engagement (the first rule of human resource management) takes a back seat. The first step to take your business to a next level is to find a cool office space. Your home, basement of your house or the kitchen area will work out in your favour as long there is just one person involved, and that is only you. Although, working from home is more comfortable and provides more flexibility, there comes a point in time when you need to forward your business. As your business grows, you hire more people, and may be the new person may not be as comfortable in “your” comfort space. An employee no matter how small in number, have the same kind of need and expectations.\

Moving into an office space is not only good for you but also benefits your current and future employees and customers. A dedicated work space releases from hassles of distractions, division of attention and gives an identity to your work and organization. Entrepreneurs with a small manpower and low budgeting can work with shared office space. Shared workplaces are feasible, cost-efficient and good value for money. In a shared workplace environment you end up paying far less than the kind of services that are offered to you. A sense of real corporate environment is created when you work with various other businesses or start-ups. There is more employee interaction and the business owners and the employees stay well connected. Possibility of knowledge sharing in this kind of environment increases and becomes apparent.

If your business requires meeting with customers and clients on a regular basis then renting a shared office space is the best option. Subleasing an office space, sharing an office space or subscribing to business incubators program if you are short sleeved on cash. Technology infrastructure, physical site security and other facility management services are usually available in a managed office space environment. Sharing an office space in managed workplace would give you several benefits and will keep the trust and motivation of your employees active. If you offer the best of both worlds to your employees then nothing like it. Shared office space is definitely complements the success of start-up.

For more details visit: - www.gurgaonithub.com

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