The practice of co-working is spreading fast all over Asia, and in the metropolis of India. Co-working provides a great networking platform in striking a balance between independent and self-employed individuals and the involvement of the community that works in collaboration with others. The idea has been attractive to the freelancers and entrepreneurs. Hiring a co-working space in Delhi has been associated with numerous financial and professional benefits.
According to a survey, it has been estimated that by 2020, nearly 40 percent of the workforce in the corporate would be comprised of temps, freelancers, and independent contractors and indie developers. This indicates an enhancement of the co-working culture in the coming future.
Co-working and start-ups
Experts suggest that co-working spaces are a great option for the startups. Many people look forward to being part of a community rather than a company. In a co-working space, one is working surrounded by hundreds of people in place of 2 or 3 individuals. Business experts also suggest that this accounts for greater professional growth opportunities and better personal connections.
Talking on the aspect of economic benefits, co-working spaces are truly appealing as resources and economy get shared. Businessmen do not incur a lot of expenditure upfront in co-working space. This helps the entrepreneurs to focus on growth. It has been suggested that businesses can save nearly 75 percent of their total budget through a co-working space in Delhi. If you evaluate it over the years, one can make substantial savings.
Basic advantages of a co-working space
One of the greatest challenges for a small business is to secure an office space in the prime areas, especially if they are just a start-up. The co-working spaces render the entrepreneurs with affordable and in-demand space. They can acquire offices that they couldn’t even think of otherwise.
Moreover, one does not have to prepare the workspace for employee use as amenities and utilities are already present in the setup.
The changes in the size of the co-working team can be easily accommodated in a co-working space. Not only is the growth in the number of employees gets adjusted, but also a reduction in the staff.
Entrepreneurs can opt for upgrading or downgrading their space requirements at any point in time. This is much unlike traditional office spaces that often need a year-long commitment to the same place.
In many of the co-working spaces, you can choose the one-time pass. This can be a monthly or yearly plan. One has the option of choosing between an open co-working space or a private office. But as the leasing terms are not binding, you retain the flexibility to change the location.
Co-working exposes one to possibilities of collaboration with a big community of talented people. You can ask for opinions from anyone outside of your team. It lets you view things from various angles.
Due to the professional as well as the financial benefits, opting for a co-working space in Delhi is a smart move.