co-working to achieve more and spend less

Humans are social animals. Being social dates to ancient civilizations when people lived in settlements and worked together. They supported one another and created a successful ecosystem. As time passed, industries and corporate culture came to picture. This is when the concept of nuclear took over ‘together.’ People still worked for a common goal but now split into their own cubicles.

Advent of technology made the planet a global village. Of course, You can connect with anyone over a phone call but there is a fear of people becoming like frogs in a well. At iSprout, our vision is to go back to the roots. Our values are about working together in vibrant and inspiring workspaces and learning from each other.
At iSprout, we have created vibrant and motivating co-working space that suits your budget and needs. We have different plans and services for all entrepreneurs. iSprout also offers business solutions like finance, audit, budgeting, payroll and operations. All you need to do is focus on your core business and leave the rest to us.

“Unity is strength…when there is teamwork and collaboration, wonderful things can be achieved.”
-Mattie J.T.Stepanek

Re-Inventing Co-working Spaces in Hyderabad

coworking space concept Cynthia Chiam says, believe in collaboration, not in competition. We at iSprout follow this to the core. We help you focus on your business and test new markets without initial capital investment. Do you feel workspaces in stellar locations can be expensive? Most of the companies continue to invest in buildings, infrastructure and end up with high overhead costs. This can be cumbersome for start-ups and even corporates who need workspaces in strategic locations.

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We at iSprout have plenty of cost effective solutions for our clients. We not only provide what all other co-working spaces offer. We also have additional services like audit, tax filing, travel desk, accounting and payroll and lot more. All you need to do is to focus on your core business and let us handle the nitty gritty.
At iSprout, we offer a host of services like –
Custom built offices
Virtual office
Team Spaces
Private Offices
Co-working Spaces
Conference Facilities
Cafeteria with snacks
Space for events/ workshops

We understand how a business works. Hence, we provide additional business support for your organization. We can handle end-to-end of your business needs and non-core activities so you can focus on the core activities.

Business Setup Services
Accounting & Payroll
Audit & Tax Filing
Business Travel Needs

Why a switch to co-working spaces is the best decision you’ll ever make?

Every business owner, whether it be a budding entrepreneur or an entrepreneur adorning the pages of Forbes magazine knows that renting your own office space involves a huge investment.

Over the years, various researches endeavored to map the productivity of an employee, most of which pointed towards a better work environment to achieve greater heights. The past few decades, therefore, were devoted to an evolution in the workplace, observing significant structural change in office spaces.

Short Term or Long Term – You Choose!

Renting your own office space in a Grade A commercial building (the highest quality of buildings provided by the builders) mandates a minimum lock in period of 5 years.

On the contrary, renting out your own private office in a business centre will let your business be free if things don’t go as planned. At iSprout Business Centre, we customize your contract to meet your business requirements and nuances.

A company can save as much as 30% on operational costs alone by switching to a business centre setup. Lower rentals, flexibility, no initial capital cost are few of the many factors prompting companies to prefer business centres over other forms of office spaces.

A company can save as much as 30% on operational costs alone by switching to a business centre setup. Lower rentals, flexibility, no initial capital cost are few of the many factors prompting companies to prefer business centres over other forms of office spaces.

Prestigious Location and address

Having a prime business location not only enhances professional perception, it also makes a good first impression on potential clients, vendors, employees, financiers etc. The minimum area leased out in a Grade A commercial building located in a prime location is 50,000 SFT which may prove too big and inessential for a company with less than 1000 employees.

Effectiveness and productivity

As per a study conducted by Office Vibe, the co-working environment has made 64 percent entrepreneurs more productive, 90 percent more confident, and 68 percent more focused.

A Business Centre has numerous facilities like internet connections, meeting rooms, printing, telephone, video conferencing, fully equipped cafeteria, professional front office team, Gofer. This means you can move in and get to work in hours, instead of weeks.

Co-working – a cost effective, new age concept of networking

Co-working spaces give you the unique opportunity to network with other entrepreneurs and businesses residing within the same facility. Cafes and common areas in shared office spaces often become a breeding ground for networking, sharing information and knowledge with fellow co-workers. It is an opportunity to interact with people from varying professional backgrounds, who would likely be a useful connection and this in turn can be converted into generating leads and partnership opportunities.

Co-working space – Space as a solution (SaaS)

There’s a new trend in the corporate world: Outsourcing non-core activities so that they can focus on core business. In the recent times, No corporate company is taking care of security, housekeeping, IT Support etc., directly. All these activities are outsourced completely. There is still one area where corporates are spending lot of money & time – Workspaces.  Most of the companies are still taking a building, entering into a long-term lease agreement with strict lock-in period, spending lot of capital expenditure for interiors and coming up with traditional office spaces. Unfortunately, they are still treating it as just a real estate.

But today’s digital work is not happening in a traditional way. Digital workspace is changing dynamically and providing innovative solutions for better productivity, Innovation and employee satisfaction. Then why not physical work space can be used as a strategic tool for innovation? We need to fuel growth with the right combination of modern digital space with the vibrant workspaces. Vibrant workspaces can be very expensive. One solution to attain high class work space in stellar locations is to opt for co-working space in a Business Centre. Business Centre’s are coming up with world class facilities and taking care of your every office space need.

What are the major advantages of Co-Working Spaces

  1. More focus on core business – as you are not spending time and energy on space needs
  2. Affordability – Offices in premium locations with World-class facilities are not affordable but co-working space are
  3. Mobility – There is more flexibility as you are not chained to long-leases
  4. Collaboration – Be more motivated to work by surrounding yourself of hardworking professionals like you and you can network with people with different skillsets.
  5. Socializing – Spending time socializing create valuable business contacts. Expanded professional network may help in expanding your business
  6. Fully equipped meeting rooms on demand
  7. Sense of community instead of isolation
  8. Vibrant culture with events and celebrations

Worried about information security?

If you are worried about information security, business center’s offer private offices with separate access control which may be little expensive but surely provide info security.

Amenities provided at co-working spaces ranges from high speed internet, firewall, digital networking, housekeeping, reception area, cafeteria to shared staff members, such as receptionists. But the most priceless amenities are the unexpected discussions at coffee machine or in cafeteria.

What is the criteria for selecting best co-working space?

  1. Business centre should own the real estate or have long-lease to avoid closure.
  2. It should be managed by professionals with experience so that there no technical as well as maintenance issues
  3. It should be located in prime area with high class interiors and modern facilities
  4. Facility should be vibrant with the occupancy more than 70%

How can we help?

            iSprout is a world class business centre established by highly eminent professionals. It provides inspiring workspaces with state of the art facilities through a professional onsite team constantly working to fulfill your business needs. If you are looking for a most reputed business centre in Hyderabad (India) or Vijayawada (India), we can help you out.

iSprout Services

  • Custom built offices
  • Virtual office
  • Team Spaces
  • Private Offices
  • Co-working Spaces
  • Conference Facilities

Along with space solutions, we also provide other professional services

  • Business Setup Services,
  • Accounting & Payroll
  • Audit & Tax Filing
  • Business Travel Needs

Cost – Co-working spaces Vs. Plug n Play Vs. Your Own Office Space

Let’s assume you are looking for an office space for your team of 20 members and you require a conference room, a reception area and a cafeteria to meet your business requirements. You have three options namely, renting in a business centre, renting the required space on a plug and play basis and taking a warm shell on rent and doing your own interiors at your own cost. The numbers for the above three options work out as follows.

Option 1: Co-working spaces

In this scenario, you take a private office with a 20 seater capacity on rent in a business centre. Your only cost is the rent for the 20 seater cabin.

Particulars

Amount (in Rs.)

Average rent for 20 workstations

180,000

Conference room hours (1 complimentary hour per workstation)

Nil

Reception facility

Nil

Cafeteria facility

Nil

Total cost per month

180,000

Initial capital cost(Refundable interest free rental security deposit)

540,000

Option 2: Plug n Play

You would require a minimum area of 3000 SFT to accommodate 20 seats, reception area, a conference room and a cafeteria.

Particulars

Amount (in Rs.)

Average rent for 3000 SFT @ 70Rs. per SFT

210,000

Building Maintenance

24000

Admin and operational expenses

80,000

Total cost per month

314,000

Initial capital cost(Refundable interest free rental security deposit)

630,000

Option 3: Take a warm shell on rent and do your own interiors

You would require a minimum area of 3000 SFT to accommodate 20 seats, reception area, a conference room and a cafeteria.

Particulars

Amount (in Rs.)

Average rent for 3000 SFT @ 45Rs. per SFT

135,000

Building Maintenance

24,000

Admin and operational expenses

80,000

Recovery of capital cost

4,05,000

Interest on Capital cost

45,000

Total cost per month

3,59,000

Initial capital cost(Capital cost@1500 per SFT + Refundable interest free rental security deposit)

49,05,000

Your company can save as much as 50% of costs by renting a private office space in a business centre as opposed to take a premises on plug n play or taking your own office space on rent.