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Why Are Modern Coworking Spaces Great for Cutting Your Business Expenses?

It is very difficult to sustain a business these days. Technology is advancing at a tremendous pace which also gives rise to subsequent expenditures. Cutting down cost is a thing of the past as everything requires to be maintained efficiently. However, with modern coworking spaces, a competitive business organization can mitigate additional expenses of maintaining a dedicated office space.

In a city like Hyderabad, where the IT sector is growing so massively, it is very important to have a good working environment and find the best co-working spaces to make it a part of your ever-growing business. Modern coworking spaces bring light to a business and help your company to grow in the long run without having to worry about additional expenditures. 

Also Read: Future of Coworking Space in India

But how are good modern coworking spaces the best for a startup?

 

  • A good location at very reasonable prices:
    While initiating business, an entrepreneur must organize meetings with clients within an office space so that deals can be cracked. Thus they require a place mostly in the central areas of the city or even locations that are easy to reach. However, with an immediate increase in demand for real estate, many businesses can’t afford a complete working area. This is precisely where the option of coworking space in Hyderabad can be explored.

 

  • A scope for co-creativity:
    With so many other businesses and freelancers working beside you, it may influence your business in a positive way. Hyderabad is now turning into not just the hub of the IT sector, but also telecom, healthcare and many other industries. A lot of them settle in and find the best office space for startups in Hyderabad. Therefore, working in such an environment will help your creativity immensely as you will gain knowledge from different industries involved.

 

  • Saved money as a scope for expanding:
    When someone starts a business, the first thought in their mind is to expand the operations with time. Apparently, we all know expansion requires money. The money saved by opting for modern coworking spaces rather than an establishing completely private office can be used in expanding the business in various fields.

 

  • No headache of maintenance:
    When you rent a complete space by yourself, the additional responsibility for maintaining the entire place must be acknowledged. Keeping the washrooms and kitchen up to the mark is your responsibility. However, with co-working spaces, that’s not the case. When a coworking space is rented from a good and professional platform, their expert support team will fulfil all the maintenance needs.

Conclusion:

These are some of the most fundamental benefits of availing the services of premium co-working spaces. Your company will be able to save valuable finances and will also be able to work with people originating from different dimensions of the global industry. Be sure to get in touch with these experts today.

10 innovative trends for coworking space

10 Innovative Trends for Coworking Spaces in 2020

Coworking spaces have become a trending global phenomenon since its emergence in 2005. It helps to brings working professionals together originating from different industries together and puts them under the same roof, working independently, yet together as a whole. It offers a wide range of benefits as people from diverse backgrounds can interact and communicate with one another to create a favourable working atmosphere for everyone. The current trends for coworking spaces are already being practised heavily in the metropolitan cities of India.

With technology, experience, and sociability, coworking spaces are not only preferred by the startups and entrepreneurs but also mainstream corporates. India with its strong emerging startup culture has also witnessed impressive growth in the coworking trends. This is precisely why there is an immediate rise in the popularity of office space in Hyderabad. It matches the needs of a freelancer as well as an established corporate with its inspiring workspaces.

Also Read: Office Space Standard & Guidelines

Following are the list of trends for coworking spaces in 2020 

  1. Employee security: As per recent studies, office space in Hyderabad adequate employee security which ensures that the individuals working under the co-working space umbrella are highly motivated and efficient at their designated jobs. Therefore, co-working spaces are focusing on the aspect of increasing employee security in the long run.
  2. 24/7 Shift: Due to an immediate increase in demand for IT services, the co-working space in Hyderabad is now considering to provide 24/7 services to companies and freelancers that work with international clients.
  3. Sustainability: As growth along with sustainability has become the global slogan, enterprises have also begun to acknowledge the importance of sustainable growth. Companies are also taking into consideration environmental growth as more plants are being incorporated into the present office set up.
  4. Niche Based Co-working Spaces: The concept of niche-based office has been one of the most significant trends for coworking spaces. The idea of a dedicated working atmosphere which only caters to a specific job role will helps companies to learn and interact with each other.
  5. Additional services: The present co-working spaces are willingly offering additional spaces where facilities of homemade food, babysitting, pet-friendly amenities, etc. are being offered.
  6. Modern Design and Comfortable furniture: Apart from offering dedicated desks, some co-working spaces are trying to create a much more relaxed atmosphere within the said office space by installing comfortable couches and standing tables which can be utilized by the employees.
  7. Team Building Activities: Co-working spaces are also offering yoga classes and organizing weekly lunch programs so that people can effectively interact with one another.
  8. Digital Marketing Services: Certain coworking spaces in Hyderabad are offering additional digital marketing services which the companies can benefit from.
  9. Target audience: Apart from the freelancers and entrepreneurs, coworking spaces are branching out into mainstream corporates too. Also, field centric co-working space helps people to find people to share ideas, collaborate, etc.
  10. Multiple locations: Multi-location coworking spaces are going to issue global membership passes to their members.

Conclusion:

These are some of the major trends for the coworking spaces in 2020. So be sure to get in touch with these experts to capitalize on the services offered by these professional firms.

pro's and con's of co-working spaces

What Are The Pro’s and Con’s of Co-working Spaces?

Listen to blog – Pro’s and Con’s of Co-working Spaces

Even though Co-working spaces take away a chunk of the office space pressure on the company, it has its own set of cons. This type of environment can be a boon and a curse. When we ask ourselves ‘what are the pro’s and con’s of co-working spaces? we are not limited to just good security and the death of privacy, but it is a much bigger set of elements that govern them. The Co-working spaces have so many employees from so many offices to consider that there is bound to be a few lost in terms of likes and dislikes. 

Look at the Pro’s and Con’s of Co-working Spaces

  • Cost Efficiency

Pro- There is no doubt that a co-working space lifts the burden of heavy spending from the company. The office would not need to worry about the facilities such as security, safety, parking, food or even the entertainment needed to keep their employees happy. The co-working spaces base their work around the happiness of each individual. Sharing an office space for rent in Hyderabad is a dream for startups that do not want to spend on infrastructure.

Con- Here would be that while implementing these brands and choosing certain forms of entertainment, a co-working space will not be able to cover the entire staff of all offices. It is impossible to please everyone. This creates a sense of bias on the part of the company as well as the co-working space in the mind of the employee. 

Also read: Advantages of having coworking spaces

  • Healthy Competition

Pro- Some of the shared office spaces in Hyderabad have the biggest brands situated in them. This leads to other pro’s and con’s of co-working spaces. With all these companies together in one boundary, there is a sense of outdoing one another, even though the product is different. It is a very healthy form of competition that lets companies challenge themselves to be the best of themselves. And with a co-working space, they can focus on the company itself and not nit-pick small issues as they come along.

Con- This leads to a Con where the ease of access allows a company to poach the employee of another company where he is doing extremely well. There is a lack of privacy in a co-working space as all employees tend to meet at some point in their day. Employees also can easily find new openings in companies within the co-working space and this tends to be a difficult process. 

There are numerous pro’s and con’s in a co-working environment. But the fact that it makes life a lot easier for the functioning of a company, especially a new company, is undeniable. Office spaces in Hyderabad are on the rise and they are becoming more employee-friendly as time passes. 

It’s About Where You Stand

As the owner of a company, you need to know what’s important to you. If you feel that you need to divert more to the company in terms of function, then a co-working space is more ideal. But just like a bank or a hospital or even google for that matter, having your own infrastructure is a symbol of success and something to be proud about. You just have to consider the fastest way to get there. 

Benefits of Co-working Space for Real Estate

How Co-working Spaces Can Impact the Real Estate Industry?

Listen to Blog – Benefits of Co-working Space for Real Estate

The Co-working space boom has come to light in the last few years because it not only provides a workspace for young companies but is also a great choice for landlords in terms of planning and assessing how their property can be used to secure maximum gain. Even smaller spaces are now trying to get co-working industries setup in their buildings to reduce the tension of retaining companies within their building space. The working design of a co-working space for real estate creates increasing demand and this impacts the real estate industry significantly. 

Understanding the Benefits of Co-working Space for Real Estate

  • Cost Efficiency – Co-working spaces base their efforts on two sides, the customer and the landlord. For customers, the co-working spaces make use of the property to ensure that all facilities are met, which can be shared by clients. This ensures that the next company that occupies the same furnished office space for rent in Hyderabad is kept happy. This loop that keeps customers coming is exactly what landlords need on their property.   
  • Ease of Market – The major reason a Co-working space works is because of the brand value they bring to the table. For a landlord, the mere name of his company or building is not enough to attract customers. But for a company such as iSprout, there is an idea of a Co-working space that is associated with big names. There is an understanding that space will provide all the amenities necessary for the easy functioning of the company.  
  • Retain of Clients- Continuous flow of profits to the landlord is possible through Co-working spaces. Co-working space for real estate is gradually taking over the market as more and more companies are looking towards sharing office space for rent in Hyderabad. These companies do not budge from their office space when they know how cost-efficient it is to work in shared co-working spaces. There is also a connection with the landlord so that the needs of the clients are put on a pedestal that retains clients through a co-working space.
  • Long Term Benefits – The long term benefits of a Co-working space are connected with the benefits a landlord would gain. If a company joined one particular brand associated with a landlord, through a co-working brand, at the time of expansion, it is more likely that the customer would pick the same landlord brand for more space. These close connections are all interrelated between the parties of a co-working agreement.   

Co-working spaces work on favorable terms with regard to leases, renting, upgrading and maintaining a property. They work in favor of the client and landlord. With all the benefits they bring, it is a very tempting offer for landlords. This is also the reason why co-working spaces have grown by over 200% worldwide in the last few years. There are even developments for remote working with virtual office space for rent.

The Future of Real Estate

Unless a company can sustain itself, it is a proven fact that new companies prefer to use co-working spaces to function. And with the growing number of companies, co-working spaces are here to stay. They are truly the future of commercial real estate.

Coworking space for interior designers. Challenge your inner creativity in the ideal workspace.

Coworking space for interior designers are Ideal

Interior designing is fun, but a lot of hard work. A mix of creativity, mathematics and a number of other disciplines, the field requires utmost and undivided attention.  Designers need a calm and quiet environment, replete with the latest technology so they can work in silence. Since interior designers ultimately dictate the decor of the place you live or work in, it is imperative that they have nothing but the best resources at their disposal.

Coworking space for interior designers are ideal because they foster a creative atmosphere for those working in the field. Since the world is moving away from traditional office spaces, coworking space in hyderabad are being preferred by working individuals as well as large companies. Whether you are an independent interior designer or are attached to a firm,  here’s why you should be looking up a coworking space right now.

An ideal environment for independent workers

If you are a solo freelance interior designer or have a small team of your own, a coworking space is ideal, as opposed to traditional office space. While the obvious reasons of high rent and high office overheads, coworking also allows for excellent opportunities to network with other like-minded individuals. In an increasingly gig-based economy, this is the best way to work. Say goodbye to high office rentals, and workspaces in the middle of nowhere. Sign up with a coworking space in the heart of the city, and let your productivity flow.

Amenities that suit designers

Designers need stable power connections and high-speed internet, as well as a plethora of other features, due to the nature of their work. Coworking spaces provide the above, and some more. Since space is already being taken care of by someone else, you don’t have to worry about overheads. All you need to do is arrive at the coworking space, and start working. iSprout is the ideal coworking space in Hyderabad.

Inspiring interiors

What is better for an interior designer than stunning interiors? Many coworking spaces have amazing architecture and stunning interior design. The designs are specifically tailored to make employees feel relaxed and energetic.  There’s even plenty of greenery thrown in for good measure. Plugin, take in the pleasant sights and sounds and let your creative juices start to flow. Great interiors and a beautiful workspace always automatically boost productivity.

Lots of space to work freely

A coworking space offers enough space to stretch out your large drawing sheets and work. You can easily find a large table to layout your design plans and work on them. No more bunching up huge interior design plans just because there isn’t a table large enough to contain them.

A fancy address for your clients

There’s nothing worse than a small, cramped office, or one located on the outskirts, for your clients to visit. As an interior designer, it is understood that you have to entertain clients frequently. A coworking space gives you a central address and a space that looks great. Carry out pitches, explain designs, and engage your client. Since first impressions are the most important, make a great impression on your clients, and see them come back for business every time.

  • Coworking spaces are therefore the best ground for budding and established interior designers who are looking for the ideal workspace. Outfitted with great amenities, and often stunning to look at, coworking spaces provide a calm oasis to do your work.
  • Socialize with other entrepreneurs, grab a cup of coffee with your clients, dig into snacks with your employees, and have productive days when you sign up with a coworking space.
  • Say goodbye to crummy office spaces in the middle of nowhere, and slow internet connections, amongst other office woes.
  • India has an amazing array of coworking spaces for interior designers. The big cities are seeing a distinct shift. From regular office spaces to coworking spaces.

Take for instance Hyderabad. The ‘City of Nizams’, as it is fondly known, has a large number of high-profile interior designers. Many are independent entrepreneurs who are branching out on their own. Those looking for reasonable and well-furnished office space for rent in Hyderabad, can check out iSprout. With a host of advantages, this is perfectly suited for interior designers.

5 Ways a Business Virtual Office Can Benefit Your Startup

5 Ways a Business Virtual Office Can Benefit Your Startup

For startups, the concept of the virtual office is gaining popularity. Instead of choosing the conventional physical office space, having a virtual office comes with a lot of unique advantages. To run a virtual office space, a basic setup is required. For a conventional office, you need to find a suitable property. In most cases, startups are going to renting a property. Thanks to robust virtual communication, startups can now enjoy an even more feasible option for running an office with the virtual office concept. The salient benefits of a virtual office are discussed in the following section of this article.

Benefits of a Virtual Office for startups.

  • Virtual Office Reduces Operating Cost

For startup businesses, the reduction of the operating cost of running or managing a business is a big benefit. Construction of new office space is a matter of heavy investment. Nevertheless, business owners have to make expenses for the maintenance of the physical office. Instead of building office, many entrepreneurs prefer renting an office space. It reduces the initial investment. However, it does not help startups to escape the hefty maintenance cost of a rented physical office.

The office on rent comes with a lot of expenses. Regular cleaning and repairing are required for office space. Apart from the monthly office rental fee, businesses have to pay monthly electricity consumption bills, water supply fees, etc. So, the overall cost of managing a physical office space becomes high. To reduce the operating cost of running an office, switching to a virtual office can be highly beneficial. It will reduce expenses drastically. You do not have to pay monthly office rents, electricity bills, water consumption bills, etc. To build a private office space, the heavy initial investment is not required.

  • Better Communication with Employees

In the case of virtual office space for rent, communication is maintained through cloud technology and the internet. As a result, better communication is established between employees. Startups generally build centralized project management systems where various projects can be enlisted. Progress of these projects can be viewed at any time on the system. It will become easier to measure the estimated time to complete a project. Moreover, it will ensure that every department has been assigned tasks uniformly. The maximum usage of the resources can be ensured with the virtual office concept. This is one of the most highlighted benefits of a virtual office.

  • Excellent Flexibility

A virtual office is immensely flexible for business. Employees can work from different locations. Similarly, business owners can manage and track business activities from any corner of the world. Businesspersons may need to travel frequently. For them, it gets difficult to track the productivity of the employees. Thanks to a virtual office, the productivity and performance of the employees can be measured with ease. Choosing virtual office space for rent will help startups to work with global clients and employees with ease. People from different time zones can work on the virtual office as per their convenience. This is something that cannot be made possible with physical office space.

  • Happy Employees

Startups should consider the employees as assets for their businesses. Employees play the most crucial role in the success of startups. With the reduced cost of managing the business, startups can make more investment in employee perks and rewards. When the excellent work of the employees has been recognized and rewarded, the overall productivity of the business improves drastically. Also, a virtual office gives time flexibility to the employees. One can work, as per his/her time preference. They can also conveniently work from home or any other preferred location when a business offers virtual office space.

  • Environment Friendliness

Compared to the conventional office space, virtual office space is regarded as environment-friendly. To run a virtual office, fewer electricity resources are consumed. Moreover, conventional offices involve paperwork. With the virtual office concept, paperwork can be omitted. Data is stored and processed on the virtual servers. As a result, startups can save costs. At the same time, reduced paperwork will ensure environment-friendliness. Notably, environment-friendly businesses can get some special aids and tax exemption from the government of different countries.

Conclusion

In conclusion, it has to be mentioned that the virtual office is perfectly suitable for startups and IT-related businesses. It fetches excellent cost-effectiveness and flexibility in the process of running a business.

coworking-space-for-it-industry

Coworking Spaces for IT Industries

Coworking spaces are not merely large regions with desks and seats and are offering tech business visionaries high-speed internet connection and other facilities. The areas are made to energize work environments that can improve your productivity.

iSprout best option for IT industry startups

Coworking Spaces for IT Industry

New businesses in the Information Technology Sector have special needs in coworking spaces. iSprout provides coworking spaces for IT industry to make their models, exceptional gadgets like 3D printers or lasers. Since they are likewise more interested in various events and workshops as compared to other startup businesses iSprout arranges such events for them.

Also Read: Advantages of having coworking space

It is significant for them to network with other technology startup businesses to create corporations. That is the reason it bodes well for tech new companies to join iSprout coworking spaces because they have specialized in tech startups. In the period of new-age communication and markets being dynamic, the idea of cooperating space in Hyderabad is on the rise. It is the most ideal path prompting ease of network administration and expanded open doors for IT business success.

Why iSprout provides the coworking spaces for IT industry among the rest

  • Education and Networking Administration

iSprout is a community that offers education and networking administration for understudies new businesses and large organizations.

  • Development of Small and Large Tech Companies

They give office space in Hyderabad to companies who are good at networking and innovative work with the goal that small and large tech organizations can develop and continue developing.

  • Prototyping Shops

It offers prototyping shops where individuals can deliver their models and items. That is the reason isprout is ideal for hardware-oriented organizations, design organizations, and tech organizations.

  • Mentors

isprout isn’t an ordinary coworking space it is the best office space for rent in Hyderabad. They have assets of mentors and tech new companies can get in contact with them so they can make the best out of their organization.

  • Events and Workshops

They host events, counsel sessions, and different workshops for tech new companies. The advantages that individuals get are particularly getting acquainted with an IT-related community and they get involved in activities that benefit their business.

  • Guidance and Collaboration

Every member is working in the networking business, and they can get advice from different IT-related companies in this coworking space in Hyderabad.

  • Training and Education

They offer coworking, mentorship, and education and training for technology startups and organizations. iSprout dispatches its facility at Hi-tech City. It is a central co-working space in Hyderabad. It has propelled its new facility at Hi-tech City and has guaranteed it would give 20% of the IT Corridor’s coworking space.

Conclusion

Coworking spaces are presently disrupting the customary office, and the advantages for tech innovators at coworking spaces are concrete and numerous. isprout coworking spaces make an environment that moves the creative mind, experimentation, profitability, and imaginative thinking. From vibrant design to getting acquainted with a diverse community of organizations, the most innovative tech new companies have the opportunity to come out of traditional structures and perspectives.

Life at iSprout

Life at iSprout and Why It is Different From Other Working Spaces?

The changing trend in the office culture

 

It is a very common notion that a 9 to 5 job is boring. It is because we all know corporate offices are very strict and there is not much to do when you are inside working. The traditional offices normally have cubicles installed in which you work and at the end of the day you leave for your house. Boring isn’t it? These offices do not have any space for activities and lack modern amenities. Traditional offices are very simple when it comes to decor.

These offices have cubicles, desks, tables, computers, chairs, cupboards to keep the files and pale wall paint. In a recent study, we have found out that the monotony of work and depressing environment reduces an employee’s efficiency by 40%. If your employee is not working to their fullest, then it is a matter of concern for the company. To make sure your employees are happy, try expanding your office horizon and check out Life at iSprout. If you are still confused about what we are talking about then let’s discuss how you can battle the monotony of work your employees are facing. 

Apart from providing a change in the monotonous work life, these new types of office are also becoming popular as they were much economical. Sharing office space for rent in Hyderabad is one of the major reasons why such shared offices are gaining steady popularity

But before we get started first let us explain what is iSprout.

Life at iSprout

Recently you must have heard the term of shared workspace right? This concept is everywhere and is one of the major talks among corporates. iSprout provides office space in Hyderabad, Vijayawada, and Chennai. They provide ultra-modern amenities with funky interiors. This type of office set up lightens the mood and makes you more proactive.

Now you must be wondering why iSprout is better than the other shared workspaces. Life at iSprout is amazing and cannot be compared to other workspaces. The amenities which they provide are far better other workspaces. Also, the pricing is competitive and everyone can find the perfect deal for themselves.

How is iSprout different from other working spaces

iSprout has managed to woo its customers with the amenities it is providing. iSprout is different from others in this segment because of the following reasons

Flexi Plan

iSprout offers various types of workspace which include dedicated desks, office space, co-working space, manager cabins, meeting rooms, etc. iSprout offers all types of the plan which are suitable for freelancers, small startups and even a big company. 

Economical


If you are wondering whether the services that iSprout providers are expensive, then you are wrong. iSprout understands the struggle a freelancer or a start-up goes through. This is the reason why all types of workspaces are priced at a moderate range. 

Activity place


Most of the shared workspaces are compact and there is hardly any space to move. These workspaces only focus on providing the basic amenities required by an individual to work. But they forget that other than work, an individual needs to do some recreational activities in order to remain efficient. iSprout provides the space for recreation activities where an individual can unwind when he/she feels too stressed out. 

Also Read: iSprout Press Release from THE HINDU

Cafeteria


Due to lack of space, most of the shared workspaces fail to provide a hygienic cafeteria. iSprout understands that employees need a separate space to have their meals instead of eating on their own workstation. Eating in your own workstation is not at all hygienic and tends to make the place dirty. This is the reason why iSprout provides a spacious canteen.

Parking space


Other than providing amazing workstations, iSprout also provides designated parking space so that employees do not have to face the trouble of finding a spot to park their vehicles. 

Printing and xerox facility


iSprout makes sure that all their shared workplaces are equipped with all the necessary equipment required for office work. These equipment include printing, xerox, fax, and other facilities.

High-speed internet


Without the internet, no business can operate these days. To ensure that you have a smooth experience while working on your laptop, iSprout offers high-speed internet and upgraded WiFi. No one wants to work with low-speed internet. Therefore, if you wish to work without any obstruction, then iSprout has got it all covered.  

Front desk Facility


Everyone aspiring professional wants to work in an office that has modern amenities and a professional touch to it. The workspaces provided by iSprout are equipped with front desk facility to ensure smooth operations and a professional outlook.

Conclusion:

So, here are 8 reasons why iSprout is much better than other shared workspaces. Also, these workspaces are very beneficial for freelancers, startups or even companies as they get to work in an office where it has all the modern amenities at economical prices. 

 

Pros and Cons of working from a creative space

The future of work is changing – the cubicle era is slowly being taken over by creative spaces. Whether you are a small startup team or a sole proprietor, coworking space in Hyderabad, are the new hottest office option available in every startup city. Spaces like Ministry of New in Mumbai are the new attractions in town but it’s important to evaluate the pros and cons before choosing any space for your new business.

Pros:

1.Choose membership as per your finances:

YThe major reason for choosing any co-working space is the price. If you are a freelancer, you can still choose to work from a creative environment rather working alone from home. If you are a team of people, feel free to choose the plan which suits your needs the best. For example, if you are looking for a co-working space in Hyderabad iSprout offers multiple instant office plans. No tension to sign a long lease, work with flexibility till you want and get access to all office supplies, even FREE coffee at many places. What better can one ask for?

2.Community and networking:

This is the biggest advantage of working from co-working spaces since you will stay close to the community and get more chance to mingle with similar like-minded people. You might just meet someone with valuable skills or even meet your potential leads, who knows!

3.Move-in-ready, no administrative hassle

If you are starting a new business, 50% of your time might get invested in sorting administrative, legal and financial stuff for your organization. Many coworking space in Hyderabad offer these help as a part of your plan and take off the burden so that you can focus better on your business. At iSprout we offer payroll services, accounting services, consultancy and a lot more customized to your requirements. The best part is that you don’t have to think before expanding your team from 8 to 10 to 50 since your co-working space will take care of it.

4.Creative and collaborative environment:

No one believes in running businesses traditional ways anymore, it has to be creative. Sometimes it is really boring and de-motivating to brainstorm from a silent cubicle space – isn’t it? Creative space provides very different energy to help you think out of the box. The positive effects are definitely more.

Cons:

1.No Privacy, more distractions:

The ultimate idea of choosing a creative workspace is to increase your productivity but if you are planning to choose the space for your team, ensure you choose a plan that includes access to private meeting rooms as and when required. Sometimes you might need to discuss private official stuff with your team and privacy can be a big issue in such situations. Also, most of the office space for rent in Hyderabad are crowded hence you might need a space to have your alone time to dwell through company-related issues.

2.Conflicts and competitions:

Working with many companies under the same roof mean there are high chances you might come across your competitors too. This could be a positive thing if you can turn it into a collaboration rather than competition. Even if it’s a competition, the best way would be to handle it with maturity.

3.Working hours of Co-working space:

Even though most of the co-working spaces are open 24*7 but don’t forget to double check the timings. Some of the co-working

Tips to start your small business.

Startup craze is still ongoing in India and across the world. If you are reading this, either you
are already running a business or planning to start soon!
But starting a business can always be chaotic and confusing, especially for someone new.Honestly, there is no perfect formula or steps to start a small business, but a few tips and some business advice can always be helpful.

1.Research on your problem:

You might have the right solution to the problem you want to cater but keep your research mode ON forever. Get familiar with other competitors in the market, know about the market leaders, their strategies and if possible connect with them to know more. You might be thinking why would your competitor tell you their secret but that’s the trick. Don’t talk to them about your solution, rather tell them how you are interested to work more towards the problem with them.Understand at every point how worth is investing your time and money towards the problem. You can also start taking feedback on your ideas from your audience.

2.Choose your city:

Everyone might be advising you to make business plans, set up strategies etc but choosing the right city for your business should be your priority. It totally depends on the type of business you plan to start – offline or online and the kind of audience you would be catering to.
If you are planning to start an online business, think where you would like to register your business – since every country has different laws and if your business is open to people across the globe, registering the business in the right country will help you take advantage of tax benefits. If you are looking to start an offline or local business,your audience will play important role in choosing the city.
Sometimes networking and partnering with right people can help you learn and unlearn the most. Hence a lot of entrepreneurs these days are choosing to work from business centers in cities like Hyderabad, Bangalore, Mumbai etc which provides better exposure to such environment.
So choose the city which will provide you the best opportunities as well as comfort.

3.Think about funds:

This might sound bit harsh but if you don’t have any savings or a way to source funds to survive yourself and your business for next one year, don’t take any risk. Most of the entrepreneurs start the business thinking they will be able to raise money from investors but remember no investor will fund your business unless they find it worth it-which completely depends on them! This is one the leading reason why most of the businesses fail within one year since inception.
Bootstrapping is the best option any day but if your business model requires some initial funding, feel free to consult and ask your family and friends. This will lessen your financial burden and give you more time to focus on business only.
If you are already employed, you can also think of working on your business part-timeand slowly take a transition.

4.Talk about your idea:

Many times we think of hiding our business idea fearing the idea might be stolen or jinxed. Well if you are talking to the right people, it will always help you make better decisions. Look for people you know (and don’t know) in your network and never shy to connect with them. If you are new to the city or the market, try attending events organized by many business ventures. Or the best way to meet new like-minded people would be simply taking a day pass at one of the co-working spaces and just go and talk to everyone. Sounds creepy? Well, it’s not creepy anymore….you might just meet your co-founder, mentor or maybe THAT investor!
Talking and discussing your idea with others will give you a different viewpoint to the problem you are trying to solve. This will lead you to take more mature decisions and will lessen the thinking process.

5.Get.Set.Go :

○ Once you are sure to take off, start applying for all the required licenses andbpermits. In the meantime start working on your product or service.
○ Ensure all your all pre-launch marketing stuff are in place at least two weeks before.
○ Share the news with your friends, family and other people in the network.
○ Don’t shy to announce on social media – whether offline or online business,social presence is must today.
○ Most important – don’t forget to set up payment methods in place whether you have started sales or not.

Work hard to build your business. And be patient for success!
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