Should I rent an office or choose Coworking space for my upcoming business in Mumbai?

Community-driven shared workspaces are changing the way people work. Coworking is helping business thrive in the collaborative and aesthetic workspace which is designed for both individuals and teams. Compared to traditional office space which is confined to cubicles, and glass offices and that cannot be acquired for a flexible tenure. If you’re a new business and are hunting for office space, here are some of the reasons why you should prefer coworking space over a traditional office space – You’re a new business and you really need to save costs – Any startups and small business do not want to be a spendthrift over administrative leases that consumes the major chunk of their capital. Therefore, coworking is the most affordable way to obtain professional space where you can save money by not signing up for a long-term commitment. Add to that, shared office space offers basic office amenities like unlimited internet access, printer, and fax facility, IT support, and conference rooms. You must be having a small team – New business means limited human resources where a team of 8-10 people can make an inroad into the shared office space. It’s great and conducive for small business and freelancers who don’t like working out of their home or a café and wants an open but professional work atmosphere. Your budding startup needs networking – The great part about coworking space over the traditional office space is the ecosystem that it breeds of ideas and creativity, where the workforce from different walks of life works under the same roof within the same office premises. Sharing office space with professionals from a myriad background unlock a wide range of possibilities that not only grow a professional network but also venture into professional partnerships and collaborations that help scale the business.