The trend of rising startups and SMEs in India have brought drastic changes to the working environment. New and upcoming companies no longer tend to opt for traditional office setups. The concept of shared-office spaces excites new companies to set up their businesses. The government also backs up SMEs with economic reforms, including the rationalization of labor laws and digital incorporations.
Since the introduction of the coworking ecosystem, companies have shown rapid spikes in productivity. It creates a space for freelancers, startups, and businesses to work side by side. The coworking spaces in New Delhi also provide SMEs exclusive facilities at very cheap rates. Let's see how shared- office spaces help small companies grow.
1. Fruitful Environment:
A shared-office space adds excellent value to your business at a very affordable rate. If you move your startup or small business to such a working environment, you get access to the amenities and services with the office space, which otherwise requires a heavy capital investment.
The collaborative workspaces provide the following utilities for free to the employees:
- In-house pantry services.
- High-speed internet
- Access to office printers and scanners
- Furnished cabins and infrastructure
- Office supplies
- Biometric
- Housekeeping
These facilities cover all the high expenses, which were impossible for small businesses to afford, and help them to get productive value out of low capital costs.
2. Inspiring Space:
You can only work with your full potential if you love your work. Being happy in a workspace is all an employee seeks. A new business always starts from home or in a cafe. The environment of such spaces is comfortable and relaxing, which typical offices fail to lay out.
Flexible office spaces are furnished with beautiful surroundings and a comfortable environment for the SMEs to make them feel at home. The open spaces also keep employees motivated and encourage them to explore their creativity at work. The collaborative atmosphere inspires the business and attracts new talents to work with SMEs.
3. On-Site Talent:
A flex office is a hub filled with talents. Experts and freelancers of different domains work under the same roof, creating opportunities for productive collaborations and on-site hiring. Small companies require talented and productive workers to grow their companies. Working in a traditional office cuts off small businesses from hiring experts.
The shared offices create the perfect ecosystem for SMEs to get exposed to a vast network of talents. The talented individuals and experts help startups to grow with creative ideas and innovations. This also provides an interactive platform for other businesses and freelancers to share common goals.
4. Increase Scalability:
Every startup has the vision to scale up its business and build its brand. For SMEs, it is a long-term and expensive process. It's rare for a small-scale business to afford such high expenses. That's where a coworking space comes to aid.
In shared-work spaces, your business gets access to numerous opportunities, one of which is scalability. Your business gets the ability to scale up without worrying about any add-on lease expenses. This benefit puts modern workspaces ahead of traditional ones.
The collaborative environment of the modern workspaces helps businesses to work efficiently and produce fruitful results. It helps small businesses to scale up their products and services.
5. Boost Business Productivity:
Operating a small business isn't an easy task. You face a lot of problems establishing one. Most SMEs start from a coffee shop or home with limited investment and resources. In such a struggling phase, it's too unlikely for a business to be much productive.
Shifting your business to flex working spaces opens doors to a lot of possibilities. A shared office provides various exclusive facilities to SMEs, such as impactful collaborations, a flexible environment, and on-site talent that boosts the productivity of small businesses.
6. Networking:
The isolation is a prime drawback of old office spaces. Working at home or in a cafe provides a comfortable environment to work. But it limits the growth of your business. The co-offices are packed with several startups, companies, and freelancers, which gives your business access to new ideas and opportunities.
It helps SMEs to gain mentorships, investments, and innovations from other companies. Collaborative projects and meetings benefit a small-scale office. The availability of virtual offices and modern meeting rooms helps to add global talents to your network. For startups building a good network is key to success.
7. Work-Life Balance:
In today's high-paced corporate life, it's essential to have a proper balance between work and office life. Balancing these two aspects of life can be difficult, especially if you set up your business in an old office. The best coworking spaces in Gurgaon provide work flexibility so you can lead a balanced life.
The modern office spaces also allow businesses and employees to benefit from the no-lock-in feature. It helps solo entrepreneurs and small companies to be productive by balancing their professional life. It keeps employees mentally healthy and socially active.
At A Glance
Over the past few years, the government has initiated and implemented friendly policies for SMEs. New businesses start with limited capital and resources but maintain a strong vision. Entrepreneurs rent a coworking space to take their businesses to the next level. As the collaborative spaces provide all necessary support and services to help these small companies overcome the barriers and flourish.