Here's how co-working suitable for startups

Posted on 09th Mar 2016 | 1003 views

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Recent survey mentioned that co-working spaces have been increasing in India as many startups are finding solutions for their ideas in such joint points. Startups face shortage of funds, they start operations from homes or rented rooms in suburbs or, better still, take up seats in shared spaces.Now, sharing co-working space has become a business now as it is gaining profits for the owners also. Co-working space owners not only sharing work spaces but they are also adding certain features in their agenda like networking meets and events. It will result in both startups and service providers.

- Many startups and shared place owners are mutually benefitting through this as shared workspace provides an ecosystem of sharing and validating ideas. It helps startups collaborate and learn from each other's success and failures. It also provides a single window for investors. Here everything will be available at one roof as most co working spaces offer workstations, meeting rooms and video conferencing rooms for fixed durations. They can pay the rent on weekly, daily or even on a pro-rata basis. They also offer other services like tea, coffee, photocopiers and projectors; a few have now started offering networking events on campus.

- The additional services include passes to gigs, knowledge sharing events, peer group interactions or mentoring sessions. Nearly more than 12 services providers are offering co working spaces along with the above mentioned additional services. Sometimes the service providers modify and redesign the offices as suitable to the client's needs.

- Startups feel that sharing workspaces allows exchange of ideas that adds velocity to a growing startup. On the flip some service providers opined that side shared work places employees losing focus in a shared space or data leakage and the answer is negative. The suggestion is, one needs to have only those coworkers who will work dedicatedly on their own when using co-working spaces.

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