How to set up an office in Bengaluru with a minimum price?
Hailed as the Silicon Valley of India, Bengaluru , the nation’s leading IT exporter, is the home to dozens of major technology and software companies. India’s high – tech city , Bengaluru is a centre of innovation and an attractive area for ambitious entrepreneurs and startup developers, both of whom rely on hired talent to grow their staff of tech professionals.
Bengaluru , having the best entrepreneurial ecosystem and financial environment , is the primary contributing factor in the growth of startups in the area. Hence like most pioneering businessperson prefer their working space for charter or rent in Bengaluru, if you yearn to prevail and succeed in a quickstep march. Although many component or factors define this approach, like emplacement or locality, current team strength, developmental plans and many other elements to consider. The right type of office space personify the resilience and inventiveness necessary to flourish in today’s professional climate.
What if there was a solution that could lighten the burden of operating or starting a new company? Imagine being able to focus on kickstarting a business rather than researching hundreds of work spaces, equipping an office, keeping your balance sheet in check.
So for those in the journey of creating excellence, we know you are busy, so we have taken the liberty of sorting through the noise. Here are a few factors, to put in your pocket.
1. Choose the appropriate Office Space type
Let’s first look at what determines the right type of work space to usher in and govern business functioning . The right choice depends on the type of business you have ,objective for production and client’s perceiverence. Office space comes in all shapes, size and building classes.Even as many industries progressively favour open floor plans that accommodate them. There are plenty of types of office space that can fit your company’s need. Here’s a quick overview .
- Coworking Office space
Walk into a coworking space and you’ll immediately notice that it feels different from a regular office.In the culture of coworking space you can smell the fresh coffee in the air , you’ll see a mix of those in deep focus at private desks and others engaging conversations at large shared tables.
Coworking space also regarded as Flexible Office space, primarily serve small companies and startups in the need of workspace for indefinite period of time that offers flexible terms and highly are transparent. Coworking space facilitates different people from different business- they may be salaried employees working out of the office , or freelancers or contractors. One of the advantages of these spaces is the ability to rent out only what you need vs an entire private office , which can be costly. Correlated with coworking spaces were feelings of : more meaningful work, more job control, and having a sense of community.
- Managed Office Space
Managed Office (most often confused with being the same as a serviced office) are spaces that are purpose built as an office space and give the prospective occupants the opportunity to have much more control over the environment they work in and tailored to suit the exact needs . It is essentially an empty office , (largely a blank canvas you have to fill ) basically suitable for business organisation with employee anywhere between 50- 150 who need approximately 3,000 sq.ft or more spaced, managed by a third party supplier . The charges are as per the unit area than charging per seat. There is more work involved in terms of organising furnishing, utilities and business services. Once everything is in place , the company has more anatomy over the way they operate. Gone are the days of lease liabilites, simply put as a Pay-as-you-use office space on a flexible term.
Managed office space renders freedom to the entrepreneurs to move about the business just the way they like and focus on their accomplishment than the office.
- Traditional Office space
The most basic type of office layout is the – traditional office space most suitable for business offering firms such as banks and law firms. For a number of years now traditional office were a private headquarters for the company with privacy( quite with fewer distraction), individual production ( rather than collaboration and networking) and personal branding , where the entire office encapsulates your brand. Traditional offices often came with long-term leases which is a good option if you are planning to stay for the foreseeable future. Traditional offices are usually more desirable than other options.
Reception | Boardroom | Bullpen| Private Office
2. Opting for the Right Office Location
For many professionals, their office is their second home. Not only does it affect your day to day operation, but also your brand image. As a business owner, one critical piece of the puzzle is your office location, which needs a lot of exploration. Considering various factors for a perfect office location like the real estate prices, space requirement and many more, is essential so that your business gets the best brand visibility and also mark your business growth simultaneously. It isn’t an overnight decision and there might be many hindrances too. There are many things to consider when choosing a location for your business venture, the key factors are:
- Business rates
- Skill base in that area
- Potential for growth
3. Choosing a Reliable Workspace Provider
Seeing the dynamic nature of the world we live in, where flexibility is of paramount importance, the workspace providers primary role is to “ aid productivity for employees and help them reach their business goals through Real Estate Solutions. When choosing an office space provider, be sure to ask what kind of back office support, they offer like cleaning, maintenance, mailbox, IT support and more, all included in their monthly rate.
Having access to this level of support will do wonders for your business.