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Top 10 Benefits of Using a Virtual Office for Startups and SMEs

Virtual office

Startups and small and medium enterprises (SMEs) are constantly seeking innovative ways to optimize their operations and reduce costs. One such innovative solution is the virtual office. Offering a prestigious business address, professional services, and the flexibility to work from anywhere, virtual offices have become an attractive option for modern businesses. Let’s explore the top 10 benefits of using a virtual office for startups and SMEs in dudetail.

1. Cost Efficiency

One of the most significant advantages of a virtual office is cost savings. Renting or purchasing physical office space can be prohibitively expensive, especially in prime locations. A virtual office eliminates these costs, allowing businesses to allocate funds toward growth and development.

Physical office spaces require substantial investments in terms of rent, utilities, maintenance, and office equipment. Startups and SMEs often operate on limited budgets, making these expenses burdensome. Virtual offices, on the other hand, offer a cost-effective alternative. Businesses can secure a professional business address without the overhead costs associated with maintaining a physical space.

Additionally, virtual offices reduce commuting costs for employees. Without the need to travel to a physical office, employees can save on transportation expenses, contributing to overall cost savings for the business.

2. Prestigious Business Address

A virtual office provides a prestigious business address in a prime location, which can enhance your company’s image and credibility. This is particularly beneficial for startups and SMEs looking to establish a professional presence without the high costs associated with a physical office.

A prestigious business address can play a crucial role in building trust and credibility with clients, partners, and investors. It creates a perception of stability and professionalism, which can be a deciding factor for potential clients when choosing a service provider.

Moreover, having a prime business address can improve your company’s visibility and accessibility. It can be particularly advantageous for businesses operating in competitive industries, as it helps differentiate them from competitors who may be operating from less prominent locations.

3. GST Registration Made Easy

For businesses in India, having a registered office address is crucial for GST registration. A virtual office address fulfills this requirement, simplifying the process and ensuring compliance with regulatory standards. This makes it easier for businesses to start their operations without the hassle of leasing physical space.

GST registration is a mandatory requirement for businesses in India, and having a registered office address is a prerequisite for obtaining GSTIN (Goods and Services Tax Identification Number). Virtual office providers offer GST-compliant addresses, making it convenient for startups and SMEs to meet regulatory requirements without the need for a physical office.

The simplified GST registration process facilitated by virtual offices ensures that businesses can quickly become operational, avoiding delays and complications that may arise from leasing or purchasing a physical office space.


4. Flexibility and Remote Working

Virtual offices offer unparalleled flexibility. Teams can work from anywhere, promoting a healthy work-life balance and potentially increasing productivity. This flexibility is especially valuable in today’s world, where remote working has become the norm.The COVID-19 pandemic has accelerated the shift towards remote working, highlighting the importance of flexibility in the modern workplace. Virtual offices enable businesses to adapt to this new reality by providing the necessary infrastructure and support for remote operations.

Employees can work from their preferred locations, reducing the stress and time associated with commuting. This flexibility can lead to improved job satisfaction and higher productivity levels, as employees can create work environments that suit their individual needs and preferences.

Additionally, virtual offices allow businesses to operate across different time zones, facilitating global collaboration and enabling round-the-clock operations. This flexibility can be particularly beneficial for startups and SMEs looking to expand their reach and tap into international markets.

5. Professional Services

Virtual offices often come with professional services such as mail handling, call answering, and administrative support. These services ensure that your business runs smoothly and professionally, even without a physical office space.

Mail handling services provided by virtual offices include receiving, sorting, and forwarding mail to the appropriate recipients. This ensures that important correspondence is managed efficiently, even if the business does not have a physical presence at the virtual office address.

Call answering services offer a professional touch, with trained receptionists answering calls on behalf of the business. This creates a positive impression on clients and partners, enhancing the company’s credibility and reputation.

Administrative support services provided by virtual offices can include tasks such as scheduling appointments, managing emails, and handling customer inquiries. These services allow businesses to focus on their core activities while ensuring that day-to-day administrative tasks are managed effectively.

6. Scalability

As your business grows, a virtual office can easily scale with you. Whether you need additional services or a more prestigious address, virtual office providers can accommodate your changing needs without the hassle of relocating.

Scalability is a critical factor for startups and SMEs, as their needs can change rapidly based on market conditions and business growth. Virtual offices offer the flexibility to adjust services and support as required, ensuring that businesses can scale operations without disruption.

For instance, as a business expands, it may require additional meeting rooms, coworking spaces, or administrative support. Virtual office providers can offer these services on demand, allowing businesses to scale up or down based on their specific requirements.

This scalability eliminates the need for long-term leases or commitments, providing businesses with the agility to adapt to changing market conditions and growth opportunities.

7. Environmental Benefits

By reducing the need for physical office space and daily commuting, virtual offices contribute to a smaller carbon footprint. This aligns with the growing trend towards sustainability and can enhance your company’s reputation as an environmentally conscious business.

For both businesses and consumers, sustainability is becoming increasingly important. Virtual offices support environmentally friendly practices by minimizing the need for physical infrastructure and reducing energy consumption associated with office buildings.

The reduction in daily commuting also contributes to lower carbon emissions, as employees can work from home or other remote locations. This aligns with corporate social responsibility (CSR) initiatives and can enhance the company’s reputation as an environmentally responsible organization.

Adopting a virtual office model demonstrates a commitment to sustainability, which can resonate with environmentally conscious clients, partners, and investors.

8. Enhanced Productivity

Without the distractions and commute associated with traditional office spaces, employees can often achieve higher levels of productivity. Virtual offices support a variety of work environments that can be tailored to individual preferences and workflows.

Traditional office environments can be filled with distractions, such as noise, interruptions, and unproductive meetings. Virtual offices enable employees to create personalized work environments that minimize these distractions and enhance focus.

The elimination of daily commutes also contributes to increased productivity. Employees can start their workday earlier and avoid the stress and fatigue associated with long commutes. This can lead to higher levels of job satisfaction and overall productivity.

Additionally, virtual offices provide access to digital tools and platforms that facilitate remote collaboration and communication. These tools enable seamless teamwork, ensuring that employees can collaborate effectively, regardless of their physical location.

9. Access to Global Talent

With a virtual office, geographic barriers are removed, allowing you to hire the best talent from around the world. This can lead to a more diverse and skilled workforce, driving innovation and business success.

Access to a global talent pool is a significant advantage for startups and SMEs looking to attract top talent. Virtual offices eliminate the need for employees to be physically present in a specific location, enabling businesses to hire individuals based on their skills and expertise, rather than their geographic proximity.

This access to global talent fosters diversity within the workforce, bringing together individuals from different cultural backgrounds and perspectives. Diversity can drive innovation and creativity, leading to better problem-solving and more innovative solutions.

Additionally, virtual offices enable businesses to operate in multiple time zones, providing the flexibility to offer extended business hours and improve customer service.

10. Focus on Core Business Activities

By outsourcing office management tasks to a virtual office provider, startups and SMEs can focus on their core business activities. This helps streamline operations and allows business leaders to concentrate on growth and strategic initiatives.

Managing a physical office space involves a range of tasks, including facility maintenance, security, and administrative support. These tasks can be time-consuming and distract business leaders from focusing on strategic activities that drive growth and innovation.

Virtual office providers take care of these operational aspects, allowing businesses to focus on their core competencies. This streamlined approach enables startups and SMEs to allocate resources and efforts towards areas that directly impact their success.

By reducing the administrative burden, virtual offices empower business leaders to concentrate on strategic planning, business development, and customer engagement, ultimately driving long-term success.

Conclusion

The adoption of virtual offices is a game-changer for startups and SMEs. With cost savings, flexibility, professional services, and the ability to easily register for GST, virtual offices offer a myriad of benefits. As businesses continue to adapt to the changing landscape, the virtual office model provides an efficient and effective solution for achieving success.

Embracing a virtual office not only enhances operational efficiency but also positions businesses for growth and innovation in a competitive market. The flexibility, scalability, and professional support offered by virtual offices make them an ideal choice for startups and SMEs looking to thrive in the modern business environment.

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Lite Managed Office Space is an Ideal Office Space Option for Brands to Expand Small Businesses

MyBranch-Lite Managed Office Spaces

The needs of each business organization differ from others. To a large extent, the business requirements of a company depend on its size. As the needs and budget of small-sized enterprises are lower than the larger ones, they operate with a limited budget and manpower. Lite-managed office spaces constitute an ideal option for small-sized business organizations that seek an office for rent.

A longside managing day-to-day operations, lite-managed office spaces also provide the ideal platform for small business organizations to grow and expand their business. Read on to know how such spaces enable small-sized business organizations to achieve this objective.

What are managed office spaces?

A managed office space is a commercial space that is purpose-built as a space for running an office. To its prospective occupants, it gives them control to manage their space according to their needs. That is to say; perspective occupants can utilize their share of empty office space in a managed office space according to their requirements.

In managed spaces, there are different creative layouts. Due to this feature, they are flexible and suitable for addressing the operational needs of small business enterprises. A managed space lets small business owners choose the size of their office space according to their manpower.

A managed office for rent is also called a serviced office. It can be either a single office or the whole floor. Either way, it helps a small business organization grow and expand its business.

Ways in Which a Lite Managed Office Space Helps a Small Business Organization Expand Its Business

From flexibility to location advantage, a serviced office may prove to be useful to you in many ways. If you run a small business organization, such a commercial office space can serve you in the following ways.

1. Flexibility

If you are an entrepreneur, you’d know about the size of the space you need for your company better than anyone else. As regards the suitable space for your requirements, you may either need enough space to just power on a laptop or a desktop. Or, you may need an entire floor to accommodate several staff members. A managed space can help you address both these needs with finesse. With this option, you get a flexible solution to decide on the size of your workspace according to your obligation.

2. Networking

Networking is the secret mantra for success in the world of business these days. From supplying clients to fulfilling recruitment needs, networking can benefit your business firm in many ways. A managed commercial office space provides the best opportunities for networking.

3. Scalability

Oftentimes, scalability can be a far-fetched idea in a typical office setting. This is because changing the size of your office can be a challenging task in such an arrangement. In contrast, a managed office space lets you arrange the size of your work area. Thus, a managed space is ideal for office use if you have plans to either upscale or downscale your business.

4. Enhanced Productivity

Employees show an elevated level of productivity when putting their best foot forward in their official tasks or assignments. A lite managed office space involves essential tools and IT resources.

While employees can provide more output in a lesser duration by using the tools, you can monitor the performance of the employees of your organization with the help of IT resources. As all their activities are well tracked, employees or staff members are more likely to respond affirmatively and comply with the set rules and regulations of your company.

5. Space for Conferences and Corporate Meetings

Conducting conferences and corporate meetings are imperative for running a business organization. Arranging separate cabins or rooms for these activities can maximize your expenses. Such cabins are readily available in a managed space. You can either have such cabins on rent for a few days or weeks, or months, depending on your business obligations.

6. Better Communication

Remote work culture has emerged as a new norm in the post-Covid-19-pandemic phase. No matter how suitable it is for managing your work-related activities, you will need a physical address for communication. If you do not already have one, you might want one without spending a hefty amount of money. Taking an office for rent is a smart solution for this requirement. You can choose one in a prime location, depending on your budget.

9. Cost-effectiveness

Unlike a self-owned space, a managed space doesn’t give you the worry of allocating funds separately for housekeeping or energy bills. You can leave it up to your managed office space supplier to take care of these expenses. All you need to do to can enjoy the available facilities is pay a monthly fee. Aside from letting you heave a sigh of relief, this arrangement can help you save money and cut down your expenses in the long run. It will pay you dividends, especially if you have a tight budget.

Conclusion

If you have a dynamic and scalable business, you’d hardly find a better option than a managed space. A permanent space may have its share of advantages but the flexibility that a managed space makes it the real deal. If you own a small business organization, investing in a managed commercial office space can prove to be a profitable deal as you can utilize it to grow your business in the above-mentioned ways.

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Coworking Companies surging Charges up to 15%

The business wheel has started rolling faster post all the hurdles. Work schedules have almost gotten back to normalcy. However, the working styles have seen a change that is here to stay. Working from anywhere, anytime is sighted to be the most preferred way of getting things done.

Flexible working environment as it is known now globally; office space industry has grown hugely; especially in India the competition is getting narrower with each day.

Rentals of these coworking spaces are increasing as multi factors are contributing to this price rise. Right from the reality markets across the nation to the costs of construction materials and other inputs related to office space creation have gone up in their valuation.

On the other hand; demands of coworking spaces and its amenities have witnessed great leap in demands. This upward movement importantly hasn’t been limited to the metro cities alone; as high numbers of office space enquiries are rooting in from tier: 2, 3 and 4 regions.

Over the last couple of quarters there is a direct escalation in the fit-out billing range as every segment of setting up an office space has become expensive. The overall rentals are estimated to increase by 10-15%.

On the demand side; the takers are keen in having a quick process and clarity in the rental agreement. Businesses are open to associate with a coworking space operation that offers more than just the office space. Here’s where MyBranch scores; as it is an Office space solutions provider spread across 50+ Indian Cities; offering customised office spaces as per the customer’s requirements.

“The price surge in the co-working industry is an inevitable change and it should be taken as a reality in connection to the futuristic developments including enhanced services and evolving co-working spaces requirements. At MyBranch we assure quality services with 100% customer satisfaction and continue to expand to 100 cities.”

Kushal Bhargava, Co-Founder MyBranch

There are office categories such as Shared Office Space, Managed Office Space, Lite office space that are greatly received. The demands are surprising coming from smaller cities as businesses are looking push their presence and expand. 

MyBranch is the first office space provider to have a single (invoice) billing for all the office space services. The brand has marched forward with a super combo of managed-lite office space which will be handy for branded businesses to have limited office spaces in their preferred locations.

Tracking the future of coworking industry it has become a necessity that the rental charges increase. MyBranch following the industry trend will be revising its office space rentals soon.

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Why India Fits In Coworking Culture?

Start-ups are certainly the community, driving expansion of flexible workspaces in India, but in 2019 we’re witnessing a much more significant and widespread shift in the working culture.

For instance, coworking spaces are no longer just used by small firms as big companies have embraced the shared workspace concept. We believe that big corporates will soon embrace a coworking strategy across the board. This will not just reduce costs but also work well with young, passionate, and creative people to foster development of bigger, greater, and more inventive ideas. Simply said, every employee feels better about his/her job if working conditions deviate significantly from the usual norms.

In the coming years, India is going to become one of the biggest markets for coworking spaces, and by choosing Shared office spaces, there is a significant change in the nature of the workplace. One is no longer constrained by exorbitant rents, lengthy leases, or security deposits. The mind is now free to consider bigger concepts.

This also enables that one does not have to accept systems and cultures that restrict creativity in order to thrive. Small enterprises now; have more opportunities than ever to grow. Going to work these days doesn’t just involve paying the mortgage and staring onto a computer screen. It’s about pushing boundaries, working in an environment with like-minded individuals, making friends, saving time and money, and, fun atmosphere at work of course.

The rise of more independent professions like freelancers, consultants, and start-ups has been accompanied by a change in tastes of the young workforce.

Co-working managed office spaces near me have long been popular in metro areas, and the pandemic only further increased this popularity. Mr. Bhargava, the founder of MyBranch, explains, “Many professionals choose such locations since they provide all office amenities for a fraction of the price and with less risk of responsibility.

Demand for co-working spaces is anticipated to increase due to the rising tendency of start-ups becoming unicorns. Operating out of co-working facilities can be advantageous for big businesses and corporations as well. The epidemic has highlighted the necessity of decentralising activities in order to prevent interruptions in the future and maintain company continuity.

By creating co-working spaces across the nation to entice workers from different regions of the country, businesses may also access a broader and more diversified talent pool.

What are the main selling points for these shared workspaces today? In contrast to an office lease, which has a lock-in duration, they give flexibility in terms of tenure and rentals. Operators also provide daily and usage-based plans.

Co-workers benefit from the completely equipped and functional co-working spaces because they don’t have to wait or spend money on fit-outs. The majority of coworking businesses operate internationally and have sufficient foreign experience to compete in the Indian market. They have the necessary safeguards for network and data security. Their facilities are fully outfitted with cutting-edge telecommunications technology, firewalls, and physical hardware to prevent any data breaches, as well as project management systems to ensure smooth job continuation. The utilisation of current technology increases operator trust.

Occupants of co-working spaces are demanding more health and safety precautions because they want to be sure that their staff are protected from any potential outbreaks. “Companies now recognise that their most valuable resource are their employees and that they must respect their needs and preferences.

The continuous demand for customised workspace design requirements by large firms, desire for satellite offices, and preventative health approach by businesses, and increased focus on technology are a few themes that will rule the co-working market this year.

According to Mr. Kushal, co-founder of MyBranch, who is commenting on the sources of demand for shared workspaces in the upcoming quarters, “Demand will be primarily driven by consultancy, IT, and e-commerce enterprises that are creating many satellite offices in metros. According to estimates from the industry, demand for co-working spaces has already increased by between 80% and 90% from pre-Covid-19 levels.

Now, instead of being just functional, the workplace is more productive and experiential, and one such big initiative for office space is taken by MyBranch. This suggests that the future of this modern asset class is more promising. Smaller firms lack the resources necessary for the industry to scale up on a solid base. Because the strategy operates on a building scale, consolidation has therefore become necessary.

Co-working has successfully transformed the commercial real estate (CRE) sector by capitalising on the idea of the shared office workplace. Therefore, it wouldn’t be an overstatement to say that the best is yet to come for a category that is still in the early phases of development given the strong demand and stimulus that it has been able to amass.

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How MyBranch differs from Other Office Space Solutions in India?

Coworking facilities are becoming more and more common in India. The demand for coworking spaces is increasingly being driven by large corporations, followed by SMEs and start-ups. Among these businesses, MyBranch has made an effort to bounce back.

The coworking company has multiple locations across India. Despite issues with the global market, MyBranch has been able to establish a niche in India and develop a solid brand identity. According to Mr. Bhargava, the founder of MyBranch, the major differentiators for MyBranch India include determining the requirements of start-up companies and fostering creativity through a variety of in-person events, amenities, and activities.

Following are the reasons why MyBranch counts as differentiation factors in the coworking space

1. Understanding Business Behaviour

“As opposed to a standard office space, we offer medium and large-scale corporations flexible workspaces with necessary amenities at a competitive price.

MyBranch is able to obtain special insights into how businesses and their employees are evolving because of its global presence and diverse membership base.

2. Cost-Effective Workspaces:

“MyBranch enables businesses to lock in expenses for increased capacity based on forecasts for the future, allowing for the elasticity of occupancy in tenure and size, and decrease in costs associated with leasing conventional real estate.”

3. Fuelling Creativity and Invention:

Teams’ creativity and innovation are boosted by a collaborative work environment.

Additionally, employee productivity and retention are positively impacted. Additionally, a well-designed environment boosts productivity and aids in attracting or keeping talent.

4. Diversity of Co-workers:

MyBranch, an operator with a global presence, offers businesses access to a vast network of shared office spaces. Technology has made it possible for businesses to hire talent from all over the world, and professional coworking gives many of these remote teams and people a place to call home.

5. Better Talent Retention:

MyBranch members enjoy unmatched perks and networking opportunities. “They are an exceptionally appealing workspace to work out of because of the hip ambiance and contemporary attitude we take to the notion of work. This is what has caused many businesses to occupy our spaces because they want to employ top people who are youthful and devoted to their jobs in the greatest workspaces.

The head of MyBranch India stated that these advantages made coworking an appealing idea for businesses in India, where millennial make up 33% of the population and 46% of the work force.

6. Designed for Specialists Projects:

Companies frequently employ coworking spaces for multidisciplinary, confidential, time-sensitive, or transient specialised project teams. Coworking spaces are a natural opponent for these teams because they promote a climate that is creative and active, which is perfect for this purpose.

7. Facilities and Amenities:

MyBranch takes great pride in its unmatched services and amenities. Every site has a committed community team that works to promote member networking, participation, and collaboration. By giving them the greatest on-the-ground work experience, they help to create a wider community that promotes collaboration and fosters ties between its members.

8. Flexible Tariffs:

 “As opposed to a traditional office space, they offer medium and large-scale corporations flexible workplaces with cutting-edge amenities at competitive rates. They also give customers the choice and freedom to establish many departments and teams in various locations.

The swing space gives staff freedom in huge businesses. In addition to this, MyBranch also observe businesses in various stages of development use space because it gives them the freedom to expand, downsize, or consolidate as necessary. We enable businesses, concentrate on their immediate needs so they may concentrate on their long-term goals.

“They don’t just focus on coworking”, they are reshaping traditional real estate while building the future of the work. In order to connect individuals and transform buildings into dynamic spaces for creativity, attention, and cooperation, MyBranch are committed to fostering a global community.

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Co-working spaces offer better economy to MNC’s.

Co-working spaces have begun to take on this role for small enterprises, entrepreneurs, and start-ups before the pandemic that forced offices to close and individuals to work from home. Co-working office spaces had many advantages, including being frequently crowded with people from all backgrounds who were all working in the same location. These locations were wonderful for networking and forming contacts in addition to the cost savings and flexibility for employees to work at their own speed and schedule. However, with the lockdown, the functioning of these spaces was brought to a halt, at least in the initial months, when people were stuck at homes. Moreover, there has been a noticeable shift in how people work with things opening up.

Co-working spaces were once only used by freelancers, budding entrepreneurs, and start-ups with constrained budgets. However, co-working spaces are also drawing in larger businesses due to their minimal CAPEX needs, reasonable rental options, and creative and collaborative workspace designs. The newest disruptors in town is MyBranch, which provides shared office space near me and co-working space in India. The company presently owns business centres with presence across PAN India and provides offices to companies of all sizes.

How Co-Working spaces improve MNC operations

Co-working spaces have the power to replace traditional working styles and expose employees to newer working patterns and different sectors of the economy. For consultants/freelancers and MNC employees to stay connected via video chats or attend webinars, shared spaces guarantee excellent internet connections, conference and meeting  rooms, and provide additional tech assistance. Due to this infrastructure, consultants and freelancers are drawn to such co-working spaces.

Many MNCs use freelancers as consultants to work on various projects for them; instead of working from their homes, these consultants may now collaborate with the MNC team and make the most of co-working facilities, where they can readily discuss ideas with their superiors in person. In this way, a co-working environment enables staff members and vendors to collaborate closely with their superiors and develop profitable relationships.

Modern co-working spaces breathe youth and life into the dull structures of a normal office space, which might be unappealing when compared to a regular office setup. The lack of recreational activities, a repetitive work schedule, and subpar infrastructure sometimes lead to unsatisfactory outcomes.

MNC employees typically have less options for rest and recreation in traditional offices. Along with providing flexible work conditions and social events for the team, co-working spaces enable the team to operate in a variety of places. Employee contentment and productivity significantly increase as a result. Many large firms find shared office spaces to be appealing due to the ready infrastructure, motivating work environment, and cutting-edge technology support, to name a few.

Imagine working in an environment where you may share a desk with a graphic designer or an artist, free from hierarchy, cubicles, and dress standards, where networking is encouraged and innovation is rewarded. These areas can greatly foster teamwork and information sharing in addition to increasing employee motivation and retaining workers for longer periods of time.

MNCs are shifting their preferences to shared working spaces as a result of rising office rents, protracted lease terms, and the poor quality of office spaces, and this figure clearly looks attainable, futuristic offices of the future.

The Current Scenario

The majority of co-working spaces are seeing a positive recovery, and most players are hopeful about the market recovering despite the minor disruption that the lockdown caused.

“Co-working spaces are doing well and witnessing robust operations now. For the co-working gamers, the post-lockdown scenario is opening up a slew of brand-new possibilities. Despite the fact that the work-from-home model would have been beneficial during the lockdown, many businesses may not desire it as a culture, and many business verticals and roles still call for people to work in an office environment. While working from home is possible, office space will still be necessary.

Even before the epidemic, many businesses struggled with the strain of lengthy, lock-in leases that required hefty security deposits and limited their ability to quickly adapt to changing economic conditions. Flexibility is essential now more than ever, and co-working spaces are best positioned to adapt and reimagine the future of work and workspace because of their innate flexibility and readiness to create value.

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Top 5 reasons a Shared office spaces is perfect for your start-ups.

Gone are the days when coworking was viewed as a niche concept, mostly related to freelancers and shared desks. The most recent data show that there is a drastic increase in demand for coworking spaces. The significant increase in the number of start-ups using coworking spaces is one factor driving this trend. Following are few reasons why working from a shared office space can be ideal for your start-up.

1. Opportunities for Networking

It’s vital and worth a note that working from a coworking space is advantageous for both the business owner as well as the clientele. In order to mingle with like-minded individuals, trade experiences with professionals and entrepreneurs in their area, and find new clients, many people opt to work in these flexible workspaces.

As an entrepreneur, you will be surrounded by highly skilled individuals who are knowledgeable in a wide range of industries. This will enable you to develop deep business relationships that have potentials to develop into a long term profitable association.

2. Services & Amenities

The greatest coworking communities in the world equip their facilities with cutting-edge amenities and services that are intended to aid start-ups in growing. A good coworking community’s membership typically entails:

  • Meeting Rooms: For conference calls and meetings with new clients
  • Office Supplies & Amenities: Electric rise-fall desks, dry-erase walls, and office furnishings
  • Food and Beverages: Free fruit, coffee, and basic kitchenware like fridge and microwave

The maintenance will be handled by building management, therefore all of your services will be appropriately bundled into a single monthly cost. This not only combines monthly bills but also streamlines expenditures.

3. Convenience

Start-ups choose coworking spaces for another reason; they provide an alternative to the routine procedures of leasing an office. What if you could quadruple your business using the time and resources you currently spend on maintenance or office managers? Coworking office spaces give start-ups the chance to manage their limited resources skilfully by taking care of everything from electricity bills to property management, allowing them to focus solely on core business issues.

4. Flexibility

Start-ups frequently struggle to find a workplace that gives them the flexibility to increase their staff. Making a two-year office lease commitment is the last thing you want to do if you are a start-up wanting to increase your personnel in the coming months. This explains why more start-up businesses are moving into coworking spaces.

Coworking spaces give start-ups the flexibility they want by providing membership options that range from private offices to dedicated desks, especially in the early phases of growth. For instance, a business that has two or three employees at first might contemplate hot-desking, but as the team grows, it might decide to move to a tiny office.

5. Work-life Balance

According to recent surveys, full-time employees from all over the world struggle to strike a balance between their home and professional life. Start-up owners, entrepreneurs, and inventors continue to raise concerns about getting enough sleep or finding time for their loved ones due to the unrelenting pressure to scale their businesses.

Coworking places demands on participants to maintain a set work schedule. On your journey to start up success, there may be a few late nights, but at least you’re not working from a cramped home office where you might be interrupted by your dogs or household duties, right? Coworking is the ideal distraction-free setting where founders can separate their job from their personal life because there is enough space to stretch out and get work done.

6. Surround yourself with Positive Energy

Don’t undervalue how difficult psychologically starting a business may be. Many evenings will be spent working late while your friends and family are having fun, and there will be times when you doubt yourself, your business, and your mission. The best treatment for start-up blues is to surround yourself with intelligent, devoted, and hard-working people. It helps to always be reminded that no matter for any obstacle you’re encountering, someone else has probably already overcome them.

Coworking facilities are frequently found by start-ups to offer an exclusive support structure that enhances their business. With all the benefits that flexible working offers, it’s no surprise that more and more start-ups are eschewing the typical office setting. Coworking communities continue to support start-ups’ growth and success by providing access to resources for growth, like-minded businesspeople, and suitable facilities.

MyBranch provide shared office space near me.  Get in touch with our experts today, Call us on +91 8451999506

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Managed Office Spaces in India

Co-working spaces are providing a new way to work, putting an end to the cubicle life. Workplaces are changing, primarily to meet the new demands of the way millennials approach work in the youngest start-up nation of the world. Traditional approaches to work have been hampered by a vacillating method of working. The demand for coworking space is on the rise as businesses today prioritise the customer experience, digital innovation, continuous improvement, operational excellence, and financial management. Co-working spaces are generating a community of passionate, cooperative people who are gathering, creating, building, and sharing their ideas and discoveries with the world. They serve as an oasis from the typical workplace and job routine.

The co-working facility is currently growing. Mr Narayan Bhargava who is CA by profession understood the complexity of the estate industry, as he had few bad experience working earlier while travelling. He discovered that from locating an office space to operating it, there were several inefficiencies that were costing organisations money, time, and manpower while diverting a lot of attention from their core businesses; as a result, something adaptable and flexible was needed. With a motive to run the office space as an outsourced service and to take over from the traditional ways to modern, Mr Bhargava with his team created the brand MyBranch, an office space solution a kick-start point for businesses.

MyBranch, India’s top managed office space and customized private office provider, is a pioneer in the field of office space solutions and is well known for developing ad hoc workplaces for big corporate names, emerging startups, and small businesses. MyBranch’s office spaces are fully managed and designed to meet the demand for shared flexible plug-and-work locations.

The idea of managed office spaces for rent, which has successfully and drastically changed workspaces around the world, is swiftly gaining traction in India. The idea of managed office spaces, which was first made popular by start-ups, has successfully expanded into a successful real estate business for its owners and has become an important component of strategy for its occupiers. In the near future, these workspaces are anticipated to quadruple each year.

As India’s gig economy gains traction, millennials—who make up 45% of the country’s work force—will increasingly have an impact on the workplace culture. India has been ranked as having the third-largest start-up ecosystem after China and the US with over 5200 start-ups. Start-ups will therefore continue to occupy desks in the shared workspaces. Additionally, businesses are choosing these coworking spaces due to their flexibility and the simplicity with which offices may be set up without facing any administrative challenges.

Rising factor for the managed workspaces

By late 2022, more than 16 million seats and approximately 9 million square feet of space would be needed, according to developers, who anticipate a large demand for coworking spaces. The following are the primary elements fuelling the expansion of managed workspaces:

  • Flexibility in work settings: Managed office spaces give employees the flexibility they need to work wherever they are without needing a personal workstation of their own, with various settings catered to different workstyles. Large corporations favour choosing flexible desks for their sales and branch sites since they require less capital expenditure and encourage more teamwork and efficiency. Additionally, cabins and cubicles, adaptable workstations, spaced-out seating that complies with safety requirements, including beanbags and couches, all contribute to creating an enjoyable experience for staff members of the organisation.
  • Networking opportunities: Utilizing managed workspaces gives access to like-minded individuals with whom teams may collaborate and develop their business’s great ideas, rather of just taking up space. Managed workspaces provide the perfect setting for effective meetings thanks to their cutting-edge technology and adaptable working circumstances. Teams can work together in these settings to generate creative ideas.
  • Attracts new talent: The shared workspace culture is unique, innovative, and very dissimilar different from a traditional office environment. Start-ups are modern businesses that cannot expand and function in solitary circumstances. They require a setting that encourages innovative and teamwork. Additionally, the shared workplace environments’ aesthetics and lively ambiance draw in and nurture original talent. The shared office spaces become a hub for businesses to acquire new talent as professionals and seasoned workers from various backgrounds converge there.
  • Preferred by the younger workforce: With at least 72% of founders under the age of 35, India has emerged as the youngest startup nation. As a result, millennials are an important demographic because they make up 50% of the globalised workforce and almost half of all Indians. They choose to work in shared or coworking environments because they are exposed to more job options, can network freely, and can connect with the community without being constrained by corporate limits. The popularity of managed workplaces will increase as the best talent breeds there because of how cool their offices are.

In India’s business hubs, managed office spaces near me have just started the journey. High office rents are forcing businesses of all sizes to reconsider their real estate strategies and switch to these modern offices instead of commercial facilities. The size, scope, and scale of managed office spaces will increase as a result of workspace operators’ capacity to innovate, rethink, and disrupt traditional office models to build solutions that would make future workspaces flexible, affordable, distinctive, and accessible to a broad population.

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Lite Shared Office Space – Modernize the way of working

With the changing times, work culture is one of the areas which has majorly shown the changes towards the betterment. Businesses these days are looking towards hassle free approach for their further expansion. One most effective step towards this change is acceptance towards the concept of Small Coworking office spaces. Earlier setting up of a Lite Office Space came up with extremely huge investment and the maintenance cost. But now accessing such well-equipped office spaces is easily possible. All Thanks to the shared Coworking Spaces.

Freelancers or new Business set ups which requires smaller office space but inclusive of required amenities can opt for Small Shared office space. The Concept of Shared office spaces has reached to every corner of the country. If I wish to operate a business from a remote area, I can search for a small shared office space near me with the best working facilities and help my business grow. This helps a business to save on their capital which can be used for their further expansion.

If a person decides to take an office for rent, they must deal with many extra works related to building up and maintenance of that property. Instead, if they choose any Shared Coworking Space they will receive a lot more than what they would expect out of a workspace that too which comparatively lesser investment. These days Shared workspace have become so Lite, major businesses can be seen benefiting out of them. There are many small coworking offices near me which are totally lite inclusive of a great infrastructure, ambience, facilities, cool work culture around and much more. After the covid times these offices have not only maintained the look and feel, but they are very much responsible in maintaining the hygiene protocols which makes these spaces more safe and friendly for us.

There is a huge acceptance towards the concept of shared workspace because of which you can locate your own mini office space anywhere starting from Tier I to Tier IV cities. Shared workspace has provided a great platform to many new business set ups. Through a completely new work culture around businesses are able to accelerate themselves at extremely new levels. Hence instead of taking up small commercial space for rent, smart business minds are looking towards shared spaces.

The main factor responsible for expansion of shared office spaces at such high levels is that it helps an individual to keep the creativity alive, because of the atmosphere and easy accessibility to every smallest of the work requirement. This in turn is making the businesses come up with out of the box ideas for their sustainability. With the passing of time, Shared workspaces are going to replace the location centric office buildings and focus on the comfort of the employees. This will not only make the workplaces employee centric and help grow the businesses, but it is going to be a great step towards taking control of environmental issues like pollution, which happens due to the daily long-distance commutes of thousands of employees.

MyBranch is one of the Lite Shared Office Spaces, which is playing a key role in modernising the way of working. Fully equipped with larger or smaller office spaces, expanded to almost every corner of the country, this company is surely going to be one of the steppingstones towards the further expansion of not only your business but to the overall concept of shared workspace. So, if you are still looking for a perfect work environment for your business to flourish, this is the right place to start with. Many businesses have utilised their services and are still continuing with the same.

If you wish to make your business a part of modernization, the first step could be replacing the old method of renting out or buying a separate office space and switching to the concept of Shared coworking space. With just one change of step you can definitely make your business stand out and secure a great place compared to other businesses in the market.