How to Choose a Coworking Space in Indore?
Coworking space in Indore is the latest concept in the field of working space, which comes with a ‘bag-full’ of benefits. Thus, there has been a rapid growth in the demand to set up a workspace on coworking premises. Be it large teams of MNCs or freelancers wishing to work in a proper desk environment, coworking is an ideal workspace for all. However, it is also important to understand that not all coworking spaces add equally good value to your quality of work. This brings us to a few questions:
- What is a coworking space?
- How to Choose the Ideal Coworking Space in Indore?
- What are the common factors to consider when choosing the right coworking space?
- What are the most overlooked factors when choosing the right coworking space?
You’ll find answers to all these questions and more as you read ahead.
Table of Contents
What is a Coworking Space?
To put it in the simplest of words, a coworking space, as the name suggests, is a collaborative working space. In this shared space, people from different work fields, interests, and even companies work together in a common working space. They have shared office amenities like a printing machine, internet, cafeteria, and meeting rooms, and at times, support staff too. These shared working spaces have revolutionised the entire work environment and have outdated the idea of having a traditional office space.
Renting or buying a traditional workspace costs much more than renting a cabin, a desk, or even multiple of these in a rented office space. These managed office spaces also take away your worries about management, as the owners of these spaces are responsible for that department. Be it cleanliness, power backup, internet speed, or maintaining other amenities, you don’t have to be bothered about it; all you need to do is focus on your core tasks. These shared workspaces also offer you a great opportunity to interact and collaborate with the people from different fields working along with you in the shared building, encouraging the practice of keeping a bond with your coworkers.
How to Choose the Ideal Coworking Space in Indore?
Coworking spaces in Indore are currently an affordable option for startups, young entrepreneurs, and businesses to collaborate, economise, and expand. To improve the user experience, the traditional “universal” approach to coworking has since evolved to accommodate a wide range of niche and general audiences. Now that shared office spaces in Indore are widely accessible everywhere, working from one is not just the better option—it’s the new way as well! However, coworking spaces in Indore work best when you’re sure that they’re the right fit for you and your business. Choosing the ideal workspace on rent might be difficult with so many excellent options available. Depending on your needs, selecting a coworking space involves comparing offerings and identifying factors that set it apart from other options.
So how do you choose the best coworking space in Indore for your innovative thinking, results, and professional goals?
What are the Common Factors to Consider When Choosing the Right Coworking Space?
While you consider choosing the right coworking space in Indore for yourself or your team, these are a few points you must keep in mind. Using these points, you can narrow down a list of players and compare them to see who matches your list of requirements the most.
1. Your Monthly Budget
As stated above, rental offices in Indore give you a chance to rent out spaces as per your needs. You can rent just a desk, or even a 4-seater or 6-seater cabin, according to your needs and budget. Plan out your budget and analyse which coworking space falls within it.
2. Location and Accessibility
Having a prime location for your company office plays a very vital role in the impression of your business, not only on your clients but on prospective collaborators and potential employees too. Having a fully furnished workspace in a prime corporate location with good transportation accessibility must be your second priority.
3. Community Building and Networking Opportunities
The community plays an important role in deciding on the right coworking space in Indore. It is a lot more than about working with a group of people in one location; rather, it is about working with the correct networks that will help you expand your business. Measure the impact of your potential community and how it will enable you to connect with the right networks for future opportunities.
4. Facilities and Amenities
You must pick a rental shared office space that both improves your productivity and meets all of your needs to ensure you can focus only on your business. With the correct facilities, you not only get a stress-free workplace, but it also makes the shared workspace feel a bit more like a communal lounge than a professional setting. Aside from the usual office supplies, it is essential to consider other facilities. For example, are there breakout areas and hangout spaces that may be used during breaks, is the technology modern and dependable, and does the area have factual and secure wifi?
Flexibility is one of the major reasons why most businesses are moving to coworking spaces in Indore from traditional offices. Businesses find month-to-month contracts appealing and convenient, as most of the coworking spaces offer this flexibility.
Professionals from all sectors now prioritise flexible work arrangements in terms of both location and working hours. If you are someone who needs a change of scenery to boost your productivity, then check for yourself if having a designated workstation or the freedom to move about is part of your rental officespace subscription plan.
It’s necessary to have flexibility when it comes to your own office. For example, are there several workstations available for hotdesk members in the coworking space? If your staff grows, is there a way to enlarge the office space? Does the building have 24/7 access? and many such questions to which you might need answers.
What are the Most Overlooked Factors When Choosing the Right Coworking Space?
The popularity of coworking spaces is not just a passing trend; it reflects the changing nature of work. As remote work becomes more prevalent, coworking spaces offer a solution for those seeking a structured and collaborative work environment. Additionally, the ongoing impact of the COVID-19 pandemic has accelerated the adoption of remote and flexible work arrangements, making coworking spaces even more relevant.
1. Hidden Costs
While finalizing your coworking space in Indore, ensure there are no hidden costs applied to your customized membership plan.
2. Property's Lease Term
It is not a good idea to sign an agreement with a rented shared workspace when their lease is about to expire. That is not the scenario you want to find yourself in. Therefore, it’s wise to constantly confirm that the dates of your leases meet.
3. Compliance Certificates
Find out if the area has the appropriate fire and safety systems installed and if it follows every applicable law. A coworking space that disregards standard procedures to ensure the safety of its members is not one you want to work in.
4. Client List
The coworking space’s current client base might reveal a lot about it. See if there are any other prestigious corporations, possible clients, or a client network that can direct you towards potential business opportunities in the future.
5. IT setup and infrastructure
Though every coworking space in Indore provides you with free internet, it is still important for you to ensure that the firewall is in place, the backup facilities are appropriate, and there is enough bandwidth. You can also ask if they offer servers where you can keep confidential data. Since you don’t want your personal information stolen or compromised by a coworker, you need to figure out if they offer these services.
After gaining additional insight into how to select your coworking space in Indore, you are now able to take advantage of the services and facilities that meet your needs.
Always evaluate and write down different features and services, compare them with potential coworking spaces within Indore, and then make a decision.
Even if most things seem reasonable at first glance, there are always additional questions and things to consider. It is important to be clear about your budget and the features and services you want to include in your package offer before selecting the ideal coworking space in Indore. Once you are clear about these, it will be easier to find a coworking space that practically meets your needs.
Working in the fully furnished office space of your choice with a great work environment will only help your business grow and thrive.