STARTUP COWORKING SPACES

IN BANGALORE

Running a start-up can be a daunting task, and when the flow of cash is the biggest constraint, it adds up more pressure on an entrepreneur. Setting up office space in Bangalore for startups means investing a considerable sum of capital; in times like these, when a start-up gets the support of some kind, then it’s more than a blessing. Coworking space for startups is nothing but a gift, the reason being it takes care of setting up an office space to provide all the amenities that are required so that you can fully concentrate on your business. Apart from these, coworking spaces also give you the no strings attached facility which allows you to stay as long as you want. Now talking from the growth of the business point of view, it gives you an opportunity to grow your network and increase the chance of getting a potential client. Since there is no contract as such it gives you a sense of freedom to upsize your company when in good shape. Most of the things required to run the business are already set up, the capital saved from setting up the office from scratch can be utilized in propelling the business in many ways. Coworking space for startups lets you interact with fellow entrepreneurs and exchange ideas which gives you a new perspective in solving the problem in different ways.

Motivation

Compared to the teams who work In the traditional office spaces, the productivity and the motivation amongst the team members are more in those who invest their time in coworking space, this is can be endorsed by the fact that their interaction with the fellow entrepreneur boosts their confidence by exchanging business ideas and also it gives a sense of being a part of a large entrepreneurial ecosystem.

Events And Networking opportunities

Coworking spaces host events on a regular basis with an agenda to increase the interaction amongst different teams and hoping for the emergence of a new business alliance amongst them so it is a great opportunity for the startups to reap the maximum benefit by indulging in it and from an entrepreneur’s point of view, he doesn’t have to stress about investing capital in organizing these kinds of events.

Cost-Effectiveness

The flow of cash in the initial days of a startup is the biggest constraint, In situations like these bootstrapping and planning to set up an office is not a smart choice. Coworking space provides you ready to use offices with all features included which saves a lot of money and time which could be sowed in the business to reap the maximum return.

No contract

In the changing world of business, having a contract of office space in Bangalore for startups for a longer period of time is not a good choice, based on the market fluctuation and yearly business, companies take the decision of upsizing or downsizing the number of employees. Which is not feasible when you are in a traditional office. Coworking spaces have a policy of no contracts, stay as long as you want, which will help startups in terms of saving the money and no stress of the lock-in period.

Access to basic amenities

When running a business the last thing you would want to worry about is the shortage of tissue paper in the washrooms. Coworking spaces take care of all the basic amenities like maintenance, security, Wi-Fi, etc. so that you can concentrate on growing the business.

No Lock-in and No Deposit.

Novel Office does not charge you for lock-in as well as the deposit, you can stay as long as you want.

Boosting creativity.

Working alongside new individuals every day will give you a chance to explore new people and new perspectives which will refresh your mind and will encourage you to come up with new solutions for business problems.

Networking opportunity.

One of the biggest advantages of opting for coworking space is getting an opportunity to increase your network across different industry verticals.

More focus on work.

Since most of the things like electricity bills, maintenance charges, etc. will be taken care of, you will be more focused on work.

New business opportunity.

When you interact with new people on a daily basis with close proximity it will increase the chance of finding a potential client for your company.

Novel Office is the best choice for the start-ups in terms of coworking space because of the reason that firstly, we have a No Lock-in and No-Deposit feature which gives you the freedom to stay as long as you want, secondly, we can modify the office space as per your requirement without charging a single penny. We are located in all the prime locations across Bangalore i.e. M.G Road, Koramangala, Electronic city and Marathalli, etc. We provide you with top-class amenities with a 24/7 facility of IT support, security, and maintenance.

Yes, it is a win-win situation for both sides, as the companies do well in terms of the business then they would eventually want to upsize their quantity of employees and go for a bigger space with more seats.

Novel Office is the suitable choice for the start-ups because we are located in all the prime locations in Bangalore, we provide 24/7 service in IT support, security, and maintenance, No Lock-in, and No Deposit.

Start-ups prefer working in coworking space because they save money by not investing in setting up an office from scratch and the networking opportunity that they get by having exposed to the plethora of people from different businesses in the start-up ecosystem.

Yes, it is absolutely healthy for start-ups as it saves a lot of money and also lets you have exposure to the vast variety of entrepreneurs across different industries.