Shared offices: An ideal upcoming thing in corporate spaces

A corporate space is a working area wherein the employees perform all the tasks to support and realize the goals of the respective organization. In law, a company or organization has an office in any place where it has an official presence. So here we could conclude that an official premise that is also known as corporate space would be anything from a small office for SMEs that opt to rent shared office space or home office to entire building offices dedicated to a single organization. Various options can be availed nowadays for short as well as long duration like training room rentals/meeting rooms apart from a fully furnished office for rent in Chennai, Mumbai, Delhi and other big cities. When it comes to startups, new ventures, SMEs; it is always advisable to invest more in business than in occupancy. As years have passed by people have discerned that and many options are being gratified for the benefit of such start-ups or SMEs like renting a shared office space for a short/very short or even for a longer duration. Shared office spaces are being hummed by the small organizations a lot these days because of its collaborative working environment.

Pros of shared offices:

·         Motivation: An environment where equal or more ambitious people work gives one a boost to perform well or achieve more in business. Group of good co-workers also provide one another a good support system as and when required.

·         Amenities: All the amenities required for a normal regular functioning of a business can be availed in a co-working space; be it Wifi, scanning machines, Xerox machines, decent seating arrangements, etc.

·         Less cost more flexibility: At a fraction of a cost than renting, one could avail a decent working environment as all the utilities such as Wifi, scanners, electricity, etc are shared among a number of professionals.

·         Networking: Networking becomes easier and quicker as one would be surrounded with similar minds and even sometimes similar business fields which could be related or interrelated. Other talented and business driven people can also connect and expand their businesses effectively.

Co-working or shared office spaces are breaking most of the barriers to set up an upcoming business or for small ventures to reduce their costs and invest in the core business rather than renting or buying a corporate space. As time is passing by, more and more people are considering shared office spaces and the hesitancy is fading away. It is important for small and new ventures to move forward with financial caution because shared offices help in decreasing the financial burden that is faced in such ventures to avoid troubleshooting issues and raising capital for more significant things.