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In the last two decades, India has experienced a rise in the popularity of shared spaces. And that is definitely a good sign. It means that people opt to work from professional spaces without spending a fortune. Additionally, companies willing to network and collaborate with other enterprises are choosing shared spaces as they offer professional workspaces for rent which is much more cost-effective than renting an entire office space.
Apart from being a great place to work with optimum productivity, there are additional benefits that the members of shared spaces have. However, if you are looking for a shared office space, choosing the correct setup will help you uplift your business environment and fast forward your journey towards achieving your business goals.
When you work from your own office or your home office, you don't get any chance to meet like-minded people, except for participating in networking events. In a Shared office space, different people from different industry verticals and with different mindsets work together, and you get to interact with many people at once. It fosters a sense of community, helps you learn more, and lets you work on self-confidence. When you work from a Shared office space, you open new opportunities to enhance your products and services.
Most startups try to find a place within the minimum expenditure. And businesses that start from home or rent an office space in residential locations don't get to mention a professional address on their websites and business cards. Additionally, a business owner working from a cafe might send a wrong message to your prospective clients.
As Shared spaces are centrally located and are easy to reach by public transport, they offer a professional address with dedicated meeting rooms and more.
As an entrepreneur, you must meet new people. And for that, you have to participate in many events that ask for registration fees. You can save that money by working from a Shared space as many Shared spaces conduct events to help their members learn new things and allow them to meet and interact with new people. Events at Shared spaces are a great way to socialize with fellow members and allow you future collaborations.
Entrepreneurs and businesses that work from Shared office spaces claim that they have experienced a 68% increase in their concentration and around 59% growth in their productivity. It simply happens because you become a part of an environment where people at devotedly working on their ideas. And it goes without saying that when you are surrounded by the right people, you do the right things. When you rent a Shared office space, you will have an improved focus level, and the additional benefits you get will always outweigh the cost you pay.
A business looking to increase its ROI needs to consider reducing its operational costs. It might be costly when you have a dedicated office space as you have to arrange for all the amenities alongside paying the entire rent for the space. On the other hand, business owners who work from office spaces don't need to worry about overhead, such as maintaining office equipment, electricity bills, Internet connections, and other miscellaneous expenditures such as tea and coffee, to name a few.
Many entrepreneurs start with a great idea, but they give up as loneliness, and lack of motivation eat them alive. On the other hand, businesses that start and grow at Shared spaces experience improved interpersonal skills and a strong network. Many Shared spaces arrange for self-improving workshops to help their members boost productivity and promote mental wellbeing.
There are many more benefits of working from a Shared office space. That is why many businesses are turning to utilize such spaces, leaving behind owning a personal space. The hassle-free world culture and thousands of benefits make Shared spaces a worthy investment for small and medium business owners. And the benefits we have mentioned make Shared spaces an excellent asset for any business from any industry vertical.
If you want to meet like-minded people and unleash new business opportunities, start looking for a Shared space like Spacion. We provide individuals and business owners a chance to be a part of the local business community of Hyderabad, and our benefits help them to achieve their business's success.