Against the perceptions that coworking and shared spaces are more conducive choices for solo workers, entrepreneurs or freelancers, several SMEs and MNCs are now preferring them over individual owned spaces. Why?
There are a host of reasons for this shift in mindsets for larger and established companies leading up to the rise in demands for coworking spaces but the mainstay or rather the overarching one is the ‘Plug and Play’ factor. Not surprisingly enough, Enterprises such as Tata Communications is now operating from a 400-seater hub in a coworking space in Pune while healthcare maestro Episource has acquired seats across different coworking centers in Chennai.
Stats indicate that co-working spaces will likely constitute 30% of all office spaces in India over the next decade. More so, the demand is going to fuel from MNCs and SMEs, indeed, in addition to that among the freelancers. So, what’s so intriguing about the coworking and shared spaces that are turning the enterprises to them so fast?
Operational Costs
Aesthetics are a crucial factor for enhancing the work environment for employees. The “feel good” often converts into effective service delivery. However, the ROI for setting up and maintaining this aesthetic value may turn out poor. Coworking spaces are aesthetically “cool” and yet, do not break the banks. They involve all the operational and infrastructure bills within one and take away the administrative hassles.
Work-Life and Community
Smaller teams are mostly entangled into the daily pressures of deadlines and deliveries. A larger community to look around helps create an environment of safety, recreation and extended support too. That is certainly not possible in smaller individual owner spaces.
Tailor-Made Services
The core teams are always at your service. So, you are freed up to do your job well. The needs that are custom to your workspace are all taken care of the coworking core teams. You need some specific furniture or lighting, or what not.
Instant Collaboration
Since a lot of people operate from the shared spaces, no single business can fall short of extended skills. The variety in skillset or niche can often be combined to build larger solutions.
Multiplied Productivity
Because you are freed up from the hassles of paying your bills or fixing the WiFi, for instance, you find ample time and energy to invest in your most productive work. You are neither supposed to do it nor even worry about it.
Starthub nation is one of such premier coworking spaces pioneering the entire concept of coworking and community collaboration in Northern India, and primarily in Chandigarh.
The Coworking Space in Chandigarh are spread across the region – Starthub Nation HQ, Mohali; Premium, Mohali; Foothills, Panchkula; and Central, Sector 34, Chandigarh.
Amid the 300 SMEs, startups and freelancers operating from their various Office Space in Chandigarh, Valenta, Accubills, Kaizen Consultants and Codeblends are some prominent ones that have shown tremendous progress and prefer to continue their operations given the plug and play a factor, specifically.
“They love the fact that they do not have to jostle with the daily infrastructure issues, etc. All they need is to come to the office and focus on their mainstream work. We take care of the utilities and everything that could help them save their productive time. Over the past five years, we have seen several SMEs growing into numbers and yet staying around or existing enterprises moving into our space,” says Jaswinder Tiwana, Founder & Director, Starthub Nation.
If you would like to learn more about how the coworking ecosystem works or you’re looking for space, you can connect with us at hr@starthubnation.com.We would be glad if you have anything to add to the insights above.
