The concept of coworking refers to the shared workspace where several companies and professionals carry out their activity. Co-work refers to the physical space of shared work, where several small companies, startups, freelancers or independent professionals can carry out their activity in the same place.
What is coworking in 2019:
If you have heard about coworking, but you don't know exactly what they are or you have a vague idea and you want to clarify it... next we will explain you not only everything that this term encompasses, but also the particularities that they offer us today and the expectations that they have.
A coworking is a space where you can develop your project, no matter what structure you have: from freelancers, digital nomads, startups or big companies. Although the concept was born in the twentieth century, its success has been increasing by the rise of collaborative working models. But what is coworking today?
The idea of coworking remains the same as when it was created: a place where you can work and also connect with people from other sectors. However, it has been updated and adapted over time based on workers' needs. In this way, they not only offer us a workspace, but also a wide range of services to facilitate day-to-day management, for example:
- Access to equipped work areas.
- Meeting rooms.
- Common areas
- Rental of rooms for events, workshops, shootings, etc.
- Talks, workshops and events.
These services are usually the basics of every coworking. There are others that also offer yoga classes, gymnasium, legal advice, organization of events... etc. All focused so that the coworker can focus on his business and not waste time with management.
But without a doubt, the most beneficial part of a coworking is the contact with the community. These open spaces foster relationships between the people who occupy them, being not only a place of work, but a meeting point for professional synergies and moments of leisure. The wide range of open events they offer allows the community to have access to conferences, workshops, concerts, aftterworks...
Shared offices in Bangalore and coworking offices, are they the same?
Shared offices in Bangalore and coworking offices are currently a trend, but these two concepts do not mean the same thing.
Shared offices in Bangalore:
Today independent professionals and SMEs are opting to minimize their expenses and increase their income, so sharing an office is an option.
Sharing an office in Bangalore means reducing expenses and at the same time renting space by the hour for those small companies that do not have enough economic and human capital to have their own workplace. Also, here you can find printing service, cafeteria, meeting room, technology such as wifi, technical service and much more.
However, here there is no person or group in charge of controlling and supervising issues such as security, cleanliness, coexistence and other aspects that are important in a group of professionals.
It should be noted that the cost of these spaces is not high and on the contrary brings benefits that lead to an increase in income. Thus, a place of easy access is established for customers, suppliers, future shareholders or simply to support the corporate image of the company.
On the other hand, the concept of coworking offices is totally different from the previous one because here you work as a team looking for a pleasant area, where you can share knowledge of different careers through conferences and talks.
Therefore, a professional shares not only a physical but also a virtual place where he offers his products and services in different parts of the world.
Coworking Office space in Bangalore:
An SME company that decides to undertake coworking is determined to promote an entrepreneurial spirit that gives positive energy to its team and colleagues, through conferences, talks, events and exhibitions, to people with whom it shares a space for economic benefit.
Advantages of shared offices and coworking:
- Take the time to undertake new projects
- Minimize costs
- Build trust with customers and suppliers
- Giving a good corporate image
- Have a business center
- Industrial relations are strengthened
Disadvantages of coworking offices:
- Privacy is lost
- Noise can sometimes become an obstacle
- There is no manual for working together
- Schedules should be established for sharing large spaces such as business rooms or meeting rooms.
- There is no infrastructure of its own.
- Modifications to installations are prohibited
To conclude, in the capital of Karnataka, Bangalore, coworking offices are rented in prestigious places, easy access and shopping areas. They have packages that adjust to the needs of each economic entity, answering calls and receiving correspondence in their name without having to pay much.
The coworking office spaces in HSR Layout and shared offices help the small businessmen to reach success since they take care of the administrative part and the entrepreneurs to the technical, commercial and logistic part, which is where the future of many shareholders who decide to turn an idea into something more is.
Keys to making the most out of a business from a coworking:
It is increasingly common for companies, professionals or freelancers, to set up their headquarters in coworkings. These are shared spaces for workers in which they have everything they need to carry out their work: a work table, internet connection, telephone...
This type of workspace offers a series of advantages that go beyond simple cost savings. It facilitates networking, increases motivation, encourages cooperation... But how can this type of shared office be better used? The team at The Venture Studios, the coworking space in HSR Layout, has analysed the new opportunities on offer:
1. Strengthening omnicanal strategies
Users' access to the new digital channels has led to the combination of online and offline business techniques to generate synergies. Through them, customers' brand image is enhanced and interesting data is collected more effectively. It is in online strategies where new coworking spaces take on special relevance, offering delivery services (messaging service) or state-of-the-art tools to facilitate digital processes.
2. Create your own initiatives
Waiting for others to generate opportunities or events of interest makes the company a passive subject. It will always be better to go ahead and make things happen, without forgetting that in order to be successful you must first give and then receive. Collaborate with other projects or colleagues and be proactive in getting to know the people around you will be key.
3. Participate in training actions
It is common for coworkers to organise training activities, talks or special days. They undoubtedly help coworkers to develop professionally and open up new fields of work. In addition, the topics are usually very focused on new digital trends, such as virtual reality, social networks, rb_blog, etc.. that can undoubtedly be applied to the business.
4. Betting on booming technology sectors
The ecommerce has been a real revolution in the fashion and food sector. In fact, the number of Bangaloreans who made online purchases in 2017, at least once a week, grew 6% over the previous year. In addition, big data and cybersecurity businesses are another important market niche. Specifically, activities related to data analysis will grow to 5.5 billion Rupees in India in 2018, according to experts.