It should come as no surprise that, at increasing rates, tech startups often shift to coworking. But does this mean that shared office space is the right place for each startup? We’re going to outline the main pros and cons of
shared office space in this report. Use this article to drive your decision-making when you are looking for the perfect place to scale up your company.
What are the advantages?
The most obvious advantage of shared office space is the versatility it brings in three different areas:
Flexible Cost Options: With no upfront fees, no deposits, and a variety of option plans, coworking provides founders with a valuable opportunity for keeping costs down.
Flexible contract options: Typically there are no year-long lease conditions for coworking. On a month-to-month basis, a hot seat, private desk, and private office memberships are all available.
Flexible room options: increase the number of people in your team by five overnight? You may be able to switch easily to a private office.
Want to dissect a hot seating pass from your private desk since you’re not around as
often as you thought you’d be? There’s no question asked.
Not sure how much cash does the company has in the coming three months? Compared to a typical contract, the ultimate stability offered by coworking can provide exceptional peace of mind.
Networking opportunities with other owners and founders-
When building a startup, the entrepreneur can sometimes get some sort of left out or secluded. Of course, there are always new things to learn, do, and analyze irrespective of the growth phase. When things get rough, connecting yourself with other entrepreneurs will help take the edge off— particularly if those individuals often work in the tech space.
At Gowork, Asia’s Largest Co-working Space, we feature a variety of activities for fellow peers to connect, network, and know. Whether it’s in the form of happy hours, training seminars, or guest speaker activities — being in a workspace where you can’t help but meet other entrepreneurs could make a difference for your company. Operating with like-minded people will help in the development of your company.
Enhanced access to important decision-makers and alliances –
Another bonus of working in a coworking space? You’re going to have great access to key people that can help the business grow. Combine with many other startups in one room, and you’ll be more likely to attract the interest of angel investors and good talent looking for new opportunities. As an added bonus, after calling it a day, you will be able to catch up at networking events. Gowork provides a variety of educational opportunities, including interactive programs, seminars, panel discussions, and more. These valuable learning opportunities help start-up founders tackle roadblocks in the industry, acquire new rounds of funding, create the perfect press release, and more. Gowork takes care of most logistical and organizational activities.
Come be a part of the best coworking space in Gurgaon and get your own shared office space for rent in Gurgaon to enjoy the best in class amenities at Gowork.
