The event of COVID-19 pandemic surprisingly changed the scenario of doing business around the world. In the blink of an eye, it was realized by all businesses that employees can work from home and in an efficient way. Not only this, but organizations also realized that to bring employees back to office, they need more than the reason of ‘working together’. In the search of the reasons to help bring back the employees, businesses in India started adapting to the culture of coworking office spaces.
Now, it is important to understand why businesses adapted to renting a coworking workspace? One of the most important reasons why Indian organizations are moving towards renting a coworking space is that – it is more flexible in renting as well as costs way less than a regular lease agreement. In a leasing agreement, businesses have to sign-up for a five-year long commitment (more or less). The terms that come with this commitment is that – the leasing party would not be concerned on any circumstances that arise due to business failure or natural destruction that can bring the business to a standstill. The leasing policy stated that in any event, the business has to pay the rent, or it may be imposed to several charges – which are equal to legitimate actions from legal structures of the society. To run away from these complications, organizations demanded the requirement of such a service which can provide flexible yet durable agreement, which can help them set-up their business and operate through it smoothly. This gave rise to the concept of – Coworking spaces!
Coworking office spaces – define the rule of working together in harmony and sharing space, to reduce cost and bring diversity. How boring can it get for an employee to sit on the same desk, do the same work and stare at the same scene outside the window for five straight years? To help employees feel fresh and excited, it is necessary that they are diverted with constant change. This is not possible when organizations sign-up with leasing terms, but a coworking shared office space can offer this. Shared office spaces – do not command you to sign a commitment. Instead what it offers is your requirement. You need an office space for only ten people for a year. Sure, done! As simple as this. You can anytime take an increment on your commitment or decrease your stay, as per your will.
Getting a shared coworking office space on rent, helps businesses to identify their capabilities. How? You would ask. Let’s understand this by an example.
You own a business and employ five people. Now, there is a sudden raise in your clientele and you hire ten more people to do the job, but on a temporary basis. In this case, if you go to a leasing property, you will have to give out a commitment for at least a year. You know that these projects that you are handling will be delivered in four months. So, leasing a property of fifteen individuals for a year long period will be worthless, since you will not require the space after four months. On the other hand, if you go to a coworking shared office space, you get to choose your period of stay and the space that you require. In this way, you save on spending more money on renting a space and also get out of a commitment. Since you will be working alongside various other businesses, you also have a chance to widen your networking. Thus, making a way for your business to flourish.
MyBranch, one of the companies providing coworking spaces in India, provides good office spaces with classified meeting rooms and conference rooms, around major cities in India. With MyBranch you do not only get a space for your business operations but create a space for your own growth. With a geographical reach in more than 45 cities in India, MyBranch has helped businesses reach close to their customers without disturbing the budget or the convenience. By adapting to the services of MyBranch your business will not have to cater separate bills for separate services, instead, all bills are compiled into one for easier tracking and payments.