Author - Prashant Raikwar
You can either go to a co-working space or a traditional office when you choose a physical location for your business. Each has its pros and cons, but the best option depends on the type of company you have, the target of production, and how you want your business to be viewed by your clients.
SO, WHAT ARE THESE COWORKING AND TRADITIONAL WORKING SPACES?
Co-working spaces have an open-concept layout and are shared with everyone who is a space member. The spaces are usually filled with comfortable chairs, shared technologies such as printers and Wi-Fi, and even free coffee, to maintain an atmosphere of collaboration and communication.
Designed for productivity and concentration, traditional office spaces are the company's private headquarters. The layout can be open like a co-working space, but for individuals, you still have the option to break it into cubicles or offices. For group meetings, there are dedicated conference rooms, and you have total control over the technology and other tools.
COWORKING SETUP IN INDIA
Over the past few years, India's booming start-up ecosystem, encouraged by the incumbent government, has caused a tremendous increase in demand for co-working spaces in the country. This trend has motivated mainly by the huge increase in India's number of consultants and freelancers, who show a distinct predilection and preference for co-working spaces rather than more traditional office formats. Co-working business centers are now also gaining favor with businesses looking for workplace flexibility. Co-working office spaces deliver the benefits of cost-efficiency, increased motivation and retention for workers. Agility-focused businesses that hold their innovation teams in co-working spaces will build a faster learning curve to incorporate them into the ecosystem of entrepreneurship. Co-working is also a good choice for businesses in areas with low office vacancies that need their customer support teams near to their respective customer sites.
WHICH BEST SUITS YOU THEN?
You can find co-working spaces to be more useful if your company is relatively small, or you are working alone. These rooms are a perfect way to save cash and improve productivity. Co-working spaces are the perfect choice if you would like to cultivate a collaborative, innovative team. For networking, collaborating across industries and connecting between teams, there are plenty of opportunities.
A business that has a larger team or that meets with clients quite frequently may view a private office space as the most optimal decision. Traditional office spaces are less distracting, create a sense of privacy and emphasize individual productivity. Office spaces are great for businesses that require individuals to work on different tasks at different times. The office will provide the spaces they need to complete work and then come together to share what they’ve been working on.
But at the end of the day, you should think about how you want to introduce your company to potential customers, how best and most effective your workers will operate, and which choice will be most economical.