Coworking spaces have taken the world by storm. In current business scenarios, most organizations and freelancers are choosing coworking spaces over traditional offices. But why?
Here are all the reasons behind the phenomenal success of coworking in India –
Workspace as a Service (WaaS)
We are all familiar with the concept of Software as a Service (SaaS), but with the growth of the flex space sector in India, the Workspace as a Service (WaaS) is the latest fad among startups and independent professionals. What makes it popular is the customer-centric approach and catering to the wide variety of professional demands that is solving its day-to-day business problems.
Floor plans that encourage growth
The disruptive design of any coworking space in India is promoting the creativity and a sense of liberation that is encouraging the workforce of today and tomorrow to continue hustling in the workplace. For instance, any average coworking space in Mumbai offers amenities and work-essentials tools that ensure productivity and growth. This is the driving force behind any coworking space to thrive in India as the more and more millennial workforce prefers coworking space as their working abode.
A congenial work environment
Cowkring spaces are coming up with an environment that lets employees or the workforce do their best work. For example, PlugnWork, a Mumbai’s based shared space office offers adjustable standing desks and well-positioned computer screens that can not only alleviate stress but also cater to the employees’ well-being while promoting focus and productivity.
In addition, creating a lively atmosphere in the office boosts creative thinking and out-of-box solutions for business.
An opportunity to network
Businesses in India and across the globe thrive on networking and collaboration. That’s where the coworking space sector comes into the picture, as any subscriber automatically signed up for enhanced networking which is vital for any business to grow. In today’s times, developing and expanding one’s network is the best way to cultivate one’s own potential and grow as a professional.
Cost Optimization
In India and anywhere across the globe, coworking spaces are preferred by start-ups and small businesses for minimizing business costs. They offer liberation from spending a sizeable portion of funds on infrastructure maintenance, repair, expensive rental leases, and much more. Since start-ups function on limited capital initially, lower costs of functioning works in their favor.
Ease of management
Any small enterprise prefers coworking spaces to thrive is because it manages the overheads concerning a shared office space. The entire task of managing a coworking space becomes easy and effective so that the startups focus on the more important tasks that let their business spurs growth.
The coworking business model is growing in India over the last few years. Currently, it has picked up its pace post-pandemic where the corporates are re-drafting its policies to disperse the crowd from the primary hub to the more regional spaces. Also, it has more to do with cost as it helps large conglomerates with cost optimization at large.
Comments