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coworking & Sharing office space benefits .pdf

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What is coworking spaces & it's Benefits?
The emergence of coworking spaces in Mumbai continues to gain momentum as it takes off with
developers, writers, web designers, programmers and many others who like working at home but don't
like being completely cut off from the world.
Coworking is a style of work that involves a shared working environment, often an office, and
independent activity. Unlike in a typical office environment, those coworking are usually not employed
by the same organization. Typically it is attractive to work-at-home professionals, independent
contractors, or people who travel frequently who end up working in relative isolation. Coworking is also
the social gathering of a group of people who are still working independently, but who share values,[3]
and who are interested in the synergy that can happen from working with people who value working in
the same place alongside each other.
Shared office spaces Lower parel offers a solution to the problem of isolation that many freelancers
experience while working at home, while at the same time letting them escape the distractions of home
This type of facility can be an office where someone wants to rent small offices and where pricing will
vary as users of the coworking environment pay a daily, weekly or monthly rate to collaborate with
others and share desks or tables, conference rooms, phones, printers, faxes and Internet connections.
Some of the spaces supply additional services such as light beverages, a variety of coffees, teas, juices
and waters.

Shared spaces, which now come in just about every flavor, typically are large, open-plan spaces with no
office doors. They usually present an open environment that cultivates interaction, collaboration and
sometimes shared work projects.

As workers look for ways to keep their overhead low, co-working space may be the alternative that
helps keep the cost of space reasonably priced, in particular, for those on a limited budget while at the
same time providing a social gathering for a small group of people.

Unlike traditional office locations, the trend towards a collaborative office-like setting makes more than
space available. Many who benefit from the coworking space claim that while they like to work
independently, they are less effective when sitting home alone.

The cafe-like communities have been springing up around the world as social gatherings as coworking
has been booming not only in the US but in Europe, Canada and Mexico as well. Some of the early
spaces opened up in San Francisco and Philadelphia.

And more options are popping up as these offices become more popular and sought after. The tenants
of coworking office spaces have even been known to throw their own parties and social gatherings in
their shared work space.
The gain from these coworking spaces is the worker not only gets a resourceful place to work but a place
to share opinions and methods. Shared space gives workers a feel of how working together could be
made more productive and more dynamic. It is trend that is exploding.

Mario Vespucci writes for RentSmallOffices.com, a resource for entrepreneurs and small companies
looking to rent small offices. The site provides details about a variety of small office solutions including
Shared spaces, shared offices and executive office suites.

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What is Shared Office Space?
shared workspace mumbai:-

Sharing office space is the new concept that is taking the UK by storm. It involves a company which has
spare desks available in its office renting those desks out to another company.
Sharing space can be advantageous to both the company renting out desks and the company renting
desks from it. It offers the former the opportunity to generate additional income and it offers the latter
the chance to reduce their overheads.
For many businesses the cost of office accommodation is their main overhead. The problem is that
although working from home can help to reduce this, it does not always project the right image to
For those businesses for whom working from home is not an option but the cost of renting office space
is an issue, sharing space can be an ideal compromise. This is because renting space in someone else's

office is significantly cheaper than renting a whole office yourself. Moreover, it enables you to work
from a more prestigious location than you might otherwise.
As well as the financial incentive, sharing office space with synergistic businesses (companies who work
in related fields to your own) can help you to generate referrals. It may not have be possible to generate
these leads without the contacts that you make via your office share arrangements.
As a result, sharing office space can help you to grow your business as well as manage your overheads
more effectively.
Of course office sharing has another up side that has nothing to do with finance or business
management. It can be very rewarding from a social perspective to share space, especially if you would
otherwise be working on your own all day.

The Advantages of Renting Shared Office Space
When choosing an office share you might want to consider the following:

1. What type of area you want to work in

2. The cost of the office

3. The businesses that you will be sharing with

Today's economy makes starting and maintaining a business feel like an extreme sport. With prices
rising and jobs decreasing it is difficult for anyone to survive in the tough economic times. Many
disgruntled individuals who have found themselves walking out of their offices, cardboard box in hand,
have decided that if job opportunities simply aren't available they'll create their own. As more and more
people move toward entrepreneurship, they are finding creative ways to get the resources they need
without having to pay big bucks or make huge financial investments to start their own small businesses.

Because one of the biggest investments when starting a business is office space, many startups begin in
home offices or basements. However, this is not ideal in all situations, particularly when the business
requires regular meetings with clients or large amounts of equipment. In these cases, more and more
people are turning toward shared office spaces. Shared office space allows many different small
businesses to essentially split the cost of a lease and share the office space and equipment between
them. In some cases, these small businesses are providing similar services. In other cases, they are

completely different businesses. By working in a shared office space, small businesses are able to save
the maximum amount of money, even more than short-term leases or temporary office spaces.

When the businesses sharing the same space provide a similar service, they can also save money by
sharing specialty office equipment. Though this requires a little more coordination, if managed
successfully these businesses could end up saving even more money on the purchasing of expensive
equipment. If you are a business that already owns specialty equipment, you can even make some
money by offering to rent your equipment to the other company or companies in your shared office
space for a small fee. This is a quick and easy way to recoup the money you will be spending on your
share of the lease.

Though shared office space can have its benefits in regards to saving money and sharing responsibilities,
it can also present a unique set of challenges as well. Because you will have little jurisdiction over the
actions and behaviors of the people you are sharing office space with, you may find yourself in
challenging situations if you and the other party or parties do not agree on the use of the shared space
or if there is some sort of disruption that is making it difficult for you to work. In these cases, it is
important to arbitrate any arguments through the proper leasing authorities in a professional manner.

As such, it is important, when deciding on a shared office space, that you first acquaint yourself with the
other individuals and businesses you will be sharing the space with. Learn about what they do and what
their daily habits are in the office. Ask them if they have any particular preferences or issues and take
note of those things. If you feel as though you may be incompatible or find that there are too many
factors that don't line up between you and the other businesses in the shared space, you may want to
keep looking. If, however, you find a shared space where you feel you can easily communicate with
those around you as well as foster a positive work environment, you may be in luck.

Shared office space can be a great solution for new businesses searching for a place to call their own,
outside their home, without bleeding their wallets dry in the processes. Being creative with your shared
space and business equipment can provide you the most bang for your buck in today's tough economy.

Common working environments are becoming increasingly popular across the globe. With many small
businesses, startups, freelancers and entrepreneurs choosing to work together in the same space for
their day to day activities, and to connect with like-minded professionals, this is a phenomenon not to
be ignored.

This is a type of work that revolves around a shared environment where individuals or teams from
different origins work in an open office environment owned and run by an independent agency.
Coworking spaces are often rented out to individuals by the hour, day, week or any other negotiated
time frame, and are vital in saving small business and individuals on major lease commitments and help
to greatly save costs on office space.

In many cases, this technique is used as a strategy to save dollars by smaller organizations or freelance
individuals. For example, if a small business is growing in a particular city and receiving client work a on
a regular basis, but not enough to open a second office, an organization may choose to rent a shared
location for project work or meetings in that city to achieve localization, and provide a higher quality
service without long-term commitment.

Another use of a joint space is to operate a very small team in startup phase until a steady income
stream is achieved that can support growth. Often coworking spaces see seed-funded startups as
residents which can result in a very strong entrepreneurial environment. Many spaces will be flooded
with technology start-ups in particular, and have proven able to raise some of the most successful and
sustainable technology firms from across the globe. Such united work spaces can be found in many
cities, a who’s who of technologies next generation, with many great companies incubated in such

Collective work environments do offer excellent cost savings, a chance for experience and volunteering
opportunities, but you must consider whether a Joint work establishment is right for you. We suggest
asking the following questions:

- Am I able to work independently with potential distractions?

- Do I have a goal in place while I am at a shared work location?

- Have I outgrown a mutual work site, or am I simply not ready for one?

- Is this Joint work space the right one for me, or is there a more suitable location in my local region?

- Even though coworking spaces are affordable, can I afford it?

- How long do I intend to use the space for? Short-termFind Article, long-term or temporarily? Is a
cooperative work scene the best strategy for me?

Benefits of coworking space in lower parel
1. Clarify expectations. Be crystal clear about what both you and your landlord expect from the
situation. Will you pay for space, or will you work rent-free in return for bartering your services?
Having tried it both ways, I highly recommend paying if you can swing it. Barter arrangements tend to
suffering from “mission creep,” and when the person who owns the room you’re sitting in asks you to
do one more extra thing… and one more… and one more… it’s hard to say no. Paying, on the other hand,
keeps the relationship professional.
2. Consider the culture. Assess how your way of working will mesh with the company you’re considering
sharing space with. If your team likes to blow off steam with impromptu Nerf football games or yell
ideas to each other across the room, will that clash with a more formal landlord’s need for a quiet
atmosphere or serious client meetings?
3. Could you be competitive? Think carefully about whether you and your potential landlord are at all
competitive. It’s great if you’ve got synergy and can work on projects together, but that can also
backfire. If you and your landlord are competing for the same clients, you could end up in that awkward
place of not being able to discuss your plans out loud in your own office.
4. Check the details. In your excitement, don’t forget to ask the standard questions you’d ask any
landlord. What will be included in your rent? Is there enough parking for your team and visiting clients?
Can you use the conference room when you need to? Will your landlord provide office furniture? What
kind of Internet connection and phone service is available? Will you have access to the building at night
and on weekends? If you do, will the heating or A/C be turned on? (Take it from me, there’s nothing like
working a January weekend in a building without heat to get you looking for your own office space.)
5. Draw up a lease. No matter how close you are with your landlord, you need a written lease to protect
both of you if the relationship should go south. And believe me, it can. There’s also a more mundane
reason you need a lease: When you look for business insurance, the insurance company will want a copy
of your lease before issuing a policy.
6. Be respectful. When you share an office, you’re in someone else’s space, and people often have weird
territorial issues that won’t raise their ugly heads until you’ve settled in. You could find out that the
landlord wants all the window shades drawn to exactly 10 inches above the windowsill level.

Do you search for Business centres, Conference rooms or meeting rooms in Mumbai or Bangalore?
ISharespace is best providing rental business centre near Nariman point or Bandra Kurla Complex in
Western Mumbai.

IShareSpace is another coworking stage Which giving lively, completely encouraged and Furnished office
space in Mumbai.

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