7 SECRETS TO CREATE AN AWESOME WORKING SPACE IN INDIA

7 SECRETS TO CREATE AN AWESOME WORKING SPACE IN INDIA

The demand for commercial space on rent has risen exponentially in the recent times. There is a change in the definition of office spaces on rent. Coworking spaces are becoming a mandate for freelancers, start-ups and small businesses alike. When there are so many who are opting for this low cost, low maintenance, plug and play concept, one has to deliver a furnished space that wows its clients. We are here to help you do just that! Here are 7 secrets to creating an awesome working space in India:

1. EXPERIMENTING WITH THE SPACE AT HAND:

SECRETS TO EXPERIMENTING WITH THE SPACE AT HAND

Whether you have a large space that you want to convert to a coworking space or a relatively smaller one you have to make sure that there is proper utilisation of space. You can experiment with designing spaces that can be altered as per convenience. This can be achieved by putting up retractable walls, for example, or putting up tables that can be easily moved from their places, such that they can be joined to form a larger working desk or smaller ones if needed. Proper and ample distribution of electrical points and outlets should be done. It is better to avoid oversized rooms as they may be the most underutilised. Many of our office spaces in Bangalore have some remarkable space applications. (https://sneed.in/spaces-in-bangalore)

 

2. PROVIDING ESSENTIAL AMENITIES:

SECRETS TO PROVIDING ESSENTIAL AMENITIES
People are a sucker for freebies or getting something at subsidised rates. As a coworking space owner, you must make sure you provide all the essential office amenities and more to your clients. Things like high-speed WiFi connection, printing and copying facilities, audiovisual room with a projector, whiteboards and TV are often some of the most basic services that a plug and play office should provide. Essentially your space should also have a pantry that is more than just a kitchen slab with a coffee maker and a microwave. The kitchen area should be a place that helps people to relax and unwind. Some places offer complimentary beverages as a part of the deal.

 

3. BALANCING THE PRIVATE AND THE PUBLIC:

SECRETS TO BALANCING THE PRIVATE AND THE PUBLIC
You should be able to strike a balance between the open coworking areas and private rooms/cabins. There shouldn’t be too much open space so that there is no privacy nor should there be only private chambers. Tenants should have the option of opting for working in an informal lounge-like setting like an area marked by bean bags or low seating or to be able to have a quiet one on one with their team members when it is a confidential matter. There should be a variety of space types like large and small meeting rooms and training rooms, open desks, hot desks as well as private workstations. A good coworking space caters to the needs of all.

 

4. QUIRKY AND INSPIRING INTERIORS:

SECRETS TO QUIRKY AND INSPIRING INTERIORS
The way a place is designed and the look and feel of a place are often one of the top draws as to why people opt for a particular office space on rent. gone are the days when people would be comfortable being confined in whitewashed, cream coloured, dull, boring walls. Surroundings that are hip, eccentric, awe-inspiring and unorthodox garner more attention. But one must remember to not overindulge in the design elements, minimalistic is the way to go. Our office spaces in Mumbai have nailed this secret (https://sneed.in/spaces-in-mumbai).

 

5. NAILING THE STORAGE PROBLEMS:

SECRETS TO NAILING THE STORAGE PROBLEMS
If you are able to succeed in providing for even 70% of your tenant’s storage woes, you are doing a good job. Lockers, drawers and other storage facilities are a must in offices and they hold true for coworking spaces too. People need facilities where they can lock up or store their confidential and important documents.

 

 

6. KEEPING THE COMMUNITY ENTERTAINED:

SECRETS TO KEEPING THE COMMUNITY ENTERTAINED
All work and no play makes Jack a dull boy. Keeping up with this saying your coworking space can have a gaming or entertainment zone with either a PlayStation or a foosball table, which the people can resort to when they take a break. Studies show increased productivity when a person is mentally relaxed.

 

 

 

7. COMMUNITY MANAGEMENT:

SECRETS TO COMMUNITY MANAGEMENT
It is a good idea to keep your coworking community entertained and provide them with instances to interact and collaborate with one another. Interactive sessions, workshops, collective dinners may be organized. Many places also hold open mics and other events in their premises for the benefit of its coworking community. Keeping your coworking community satisfied and what you should aim for. You can read our blog https://sneed.in/blog/top-7-advantages-of-coworking-spaces/ for a better understanding.

 

 

Follow these tips and you will have an awesome, sprawling coworking space that will catch the envy of your competitors. So, what are you waiting for, go make your coworking space the talk of the town.

Converting your office into a co-working space

SECRETS TO NAILING THE STORAGE PROBLEMS

Converting your office into a coworking space

Everyday we get calls from people asking if we could help them convert their existing furnished office into a co-working space. Normally, when a tenant moves out, the owner is left thinking if they should look to lease it to someone new or dabble into this new world. While many have an open mind about venturing into something new, here are the common misconceptions that we come across (Think of these as a series of questions that leads to unravelling the concept of coworking) :

1. I want to retain the existing layout and design

A co-working space is about collaboration amongst its residents while maintaining a fair level of privacy and giving everyone their private space. Typically, we find that existing corporate offices are designed for large teams that use open desk spaces with very few manager cabins and private offices. While these ratio work for a single occupier, smaller teams require a different design and configuration, so be ready to re-design and re-think the layout. What is good for Sam is seldom good for Peter.

2. Co-working is only about selling by seat

“Ok, instead of pricing by area, I will price it by the seat, anything else?” We often hear this argument, where people reduce co-working to just a different method of pricing – on their mobile calculator apps, working out what’s the equivalent cost per seat. To be fair, this is also the calculation we find most users make before choosing a workspace, but the philosophy behind co-working is not just the arithmetic. Co-working is about creating that ecosystem that allows multiple users to work independently and this requires investment of time and capital by the providers.

3. I need to invest only in high speed internet and housekeeping

Almost every commercial property owner has a team of their own that take care of their property, and they are happy to extend their services for housekeeping and other support functions. Add to that a broadband connection, maybe a backup line too. Is that sufficient? Professional workspace is about accountability – the workspace provider is eventually promising a hassle-free use of their workspace. Adding a touch of professionalism through reputed third-party service providers, or developing a robust internal system to track these is an absolute must. Likewise, investing in backup power, a good leased line with a redundant line, good mobile signal reception goes on to define the seriousness of the venture.

4. I want 5-star pricing

“So, after all this, can I price it at Twenty Thousand for a seat a month?” My answer to that is, would you pay that price if you were the user. While it is great to compare oneself with the best co-working space in the vicinity and to match them on price, its more out of hope than logic. For starters, pricing is a complex function, and eventually what you charge is not just the real estate cost, but the services that are bundled alongside. Then there is size and tenure of the deal, the location premium. Lastly, there is also the brand value of the coworking space you are comparing to – how do people perceive you to be in comparison to that brand?

5. Who is my customer?

As much as we would like this to be the first question that is asked, it is often the last. We now have a product, so who do you think will be interested? A more important part of the problem is – how do I find customers. Well, that’s easy – start with listing on Sneed – it is the best online channel to reach people looking for such ready use offices. Define the type of users you prefer – smaller teams but more customers or a few mid-sized companies. Users are looking at various options, so when they come calling on you, give them very few reasons to reject you – clarity on the terms of use, flexibility to accommodate special needs go a long way in conveying your intentions, and of course be patient!

To sum up, if you have an existing office space and want to convert it into a coworking space, be clear as to why you want to do it – it’s a service led business, not leasing. Determine the type of customers you want to target, the price points you want to play at and work out if the layout and design fulfill the needs. Coworking spaces requires attention to details and day to day issues so have professional teams to handle it and yes work with the best online platforms to ensure you reach out to maximum users.

Top 7 Advantages of Coworking Spaces

Advantages of coworking
Advantages of coworking
One of the biggest obstacles a business organisation faces is linked to funds. Although this is not the only constraint, yet, yes, it happens to be one of the biggest constraints, especially for start-ups. An amazing way to cut down on expenses is to hire a coworking space instead of setting up a separate office for the employees and management. Coworking spaces are the order of the day, and their popularity is growing with each passing day. If you own a small business and are unsure whether or not to hire a coworking space then here are some reasons why you should definitely say ‘yes’ to it. Check out-
  1. A boost in productivity– Whether you are looking for a coworking office space Bangalore, or any other region, you must understand one thing that they are going to make your employees feel motivated and energised to work. Where do you expect an employee to feel more productive – a closed cubicle with no face to see throughout the day, or a platform where everyone else is working with a great spirit, even if they are not doing what the employee in question does? Obviously, the latter! In such a friendly environment, productivity of employees grows, and there is simply no denying this.
  2. Cost-effectiveness– Setting up an office is not a matter of lark. It needs a lot of capital resources, in the absence of which your dream of becoming an entrepreneur might just continue to be a dream. Coworking spaces, with great affordability, help you turn this dream into reality.
  3. A community centric work environment-It’s always fun to work in a friendly environment, where the people involved work as a community. Although not all the people are going to be from your field, yet they try to help you out and accompany you whenever needed.
  4. Well-equipped– Starting from meeting rooms and communication technologies to reception services and mailboxes, you get almost all facilities in a coworking space. Most coworking spaces are well-equipped and cause no problems to workers.
  5. Networking possibilities– When you are among people working in fields other than yours, you get amazing networking opportunities. These networking opportunities can be used by individual employees for their company’s or their own benefit.
  6. Great locations-Most coworking spaces are situated in great locations, unlike big office buildings built on the outskirts of a city where you see nothing as far as your eyes go.
  7. Great for freelancers– If you are a freelancer, who gets heavily distracted working at home, then, you can choose to work in a coworking space. You will be inspired to work looking at all the people around you who are working enthusiastically.

Aren’t these some amazing reasons as to why you should opt for coworking or commercial space for rent? Well, yes. So, what makes you wait? If you haven’t been able to kick-start your business just because you can’t afford an office space for the business operations, then opting for a small office space for rent, also called a coworking space, would be the best bet.

6 essentials to a good coworking agreement

essentials of a coworking agreement

coworking agreement_1400x500

Previously we examined some of the legal issues you should examine before starting a coworking space. Now we look at some of the aspects of the user agreement that you need to consider.

1. Lease or Service agreement

Be clear about the type of engagement you want with the residents — do you want to sub-lease the property to your residents or you want them to provide the co-working space experience as a service. Sub-leases involve parting with the rights on the property and would need you to have the right to sub-lease on your original agreement, while a services agreement would be restricted to the services provided.

Lease agreements generally give more rights to the lessee (and sub-lessee) with respect to the use of the property and are more difficult to terminate. License agreement on the other hand provide limited rights to the user and does not get any rights on the property. Based on the type of engagement, choose your form of agreement, but clear on the duration of the agreement.

2. Minimum Level of services

A co-working space is more than just the providing some quality workspace. Make sure your agreement includes the details of the number of seats, internet speed, download limits, access to the meeting room etc. Disputes with the users normally arise with respect to additional users, temporary interns etc, so it’s better to have it all covered up front. The users do expect that you will comply by your promises and be prepared to have back up plans to keep your users satisfied. Some users may demand penal clauses for non-compliance of any of the terms, so negotiate hard.

3. Price

It’s all about money, honey! Whether you accept payments via cash, online transfers or via bitcoins, be specific about the charges. If you charge more for high speed internet, or for video conferencing put it in the agreement. Taxes may change over time, so ensure that agreement points it out clearly. If you intend to increase prices periodically, then the agreement should clearly spell out how much and when the escalation will kick in. You can find details of price and amenities on Sneed.

4. Code of conduct

This is a tricky one. People from diverse backgrounds will be working together at your co-working space — different types of businesses, work timing, client visits etc will mean that you will need to set some type of Do’s and Don’ts to everybody their individual space. As the service provider, you may be the person adjudicating on certain small matters, but then there are those that are illegal and requires immediate action — Racist slur, harassment, threatening behavior etc. These are core values around which the co-working space is built and you need to communicate it firmly to the users that violating these would not be tolerated.

5. Insurance

Disasters can strike despite our best efforts, and thankfully there is one way to compensate for any losses that we may suffer — insurance. As a space partner you can insure the assets that you own, but what about the assets brought in the user? If your insurance policy covers all these assets, great, but generally, you would expect them to get their own insurance on their assets. You can facilitate them to get an insurance easily and they would appreciate you for that, but be clear as to your liability in case of any damages due to electrical surge, theft etc. One never hopes to call in the insurance company, but if you have the right policy, at least you can still call them.

6. Breakaway / Termination

When nothing works, terminate the agreement. While most co-workers will break away for reasons other than being unhappy with your services, the agreement needs to codify the terms of termination and the duties and responsibilities of each party when that happens. So typically, you may want to cover issues like the lock-in period before which an agreement cannot be terminated, notice period, treatment of deposit etc. Sure, no one ever wants to read these clauses or wants the other the point to a clause stated here, but your agreement should still have them all.

As the owner of a co-working space, this is the most essential agreement you will sign, so it makes sense to invest a fair amount of time, effort and money to frame the right template. And yes, be aware that the agreement that you sign with each client may differ slightly and you will need to have good way of tracking them. Happy Co-working!

Disclaimer: This blog is for information purposes only and does not constitute legal advise. Service agreements may require you to weigh in multiple factors and you should be drafter with due professional oversight.

Legal Requirements for starting a Coworking space

lease agreement

agreements

Creating a new co-working space seems like a very easy business to start — a prominent real estate, some contemporary furnishing, an active community and you have a winner, right? Well, pause your thought and step back and think what are the legal requirement one needs to comply with.

The Building

Laws relating to real estate differ for every city, especially those involving zoning of residential and commercial spaces. However, there are few broad pointers one needs to be mindful of before you enter a lease for building your co-working space

– Legal Title: A thorough due diligence of the property may cost you money up front, but it is always good to know that the legal title of the property is free of encumbrance.

– Sanctioned Plan: Is the building in which you are planning your co-working space built as per the plan sanctioned by the Competent Authority. Major violations can lead to sealing of the properties or worse demolition.

– Commercial Property: Is a co-working space a commercial business? Well it would seem so, it’s after all the space from where people will conduct their business, so make sure that the building does not violate any of the zoning norms. Likewise, the charges for utilities vary for residential and commercial connections — pay your dues.

– Licenses: Every building needs certain local clearances like those from the Pollution Control Board, Fire safety etc. Do they have all of them in place? Safety of the residents should be of paramount importance, so make sure that the building is well equipped.

– The Lease: Lease agreements may need to be registered with the local authorities for it to have legal sanction. The stamp duty on these leases typically depend on the length of the lease and the rental. The requirement to register may vary across states, so make sure that you have planned for it.

– Sub Lease / Licensing Agreement: What type of co-working space do you plan to build? Will it involve granting long term sub-leases to your residents or only short-term usage. Your lease agreement, along with a host of other clauses, should clearly spell out that you can carry out business of this nature. Make sure the lessor understands your business so that there are no unpleasant surprises later.

The Business

Every business has certain set of compliance that they need to be aware of and comply with. Ignorance of law is not an excuse!

– Registration: State laws will require you to obtain an Shops and Establishment license for your workspace. Also, if you plan to keep the workspace running beyond the normal work hours, or round the clock, you may need consent from the local authorities. Keep them handy when the inspector comes knocking on the door.

– Employment & Labour Contracts: You may not need many employees to help your run your co-working space, but if you exceed the limit under the respective statute, you may need registration (example PF, ESI etc). Keep in mind that even those working on contractual basis may be counted towards some of these laws.

– Tax Registration: Thankfully now that GST has been rolled out, this is the one tax registration that you need to obtain for your transaction taxes. Yes, in addition to this, you will need your PAN, TAN etc for income tax purposes.

– Licenses: Most co-working spaces provide a power back-up that is powered by Diesel Generators (DG). Make sure you have the necessary permission to operate a DG and to store fuel.

User Agreements

Hmm, you crossed the first couple of hurdles, now for the all-important contract with the users. Think that calls for another blog. And while you do that, head over to Sneed and list your space and be discovered by the people looking for a workspace like yours.

Disclaimer: This is not a comprehensive list of compliance that a workspace must follow and does not constitute legal advice. Different rules may apply based on the nature of the lease and the business model adopted. We recommend you seek special legal counsel for all legal compliance.

Impact of GST on the coworkers and co-working spaces

GST impact on coworking venues and coworkers

GST impact on coworking venues and coworkers

There is less than a week for the roll out of GST and like all other businesses, co-working centers and the coworkers need to gear up to meet the challenge. So are you ready for the transition, here is a quick take that can help you :

Topics Impact on Co-Working Spaces Impact on Coworkers
Registration By now we have most of you have filed the necessary documents to obtain the GST ID. If you have not, well, go to http://gst.gov.in and complete the formality.

Note that all those currently registered under Excise, VAT or service tax laws (along with a few others) need to compulsorily register under the GST Laws. Likewise, if your turnover in the year is likely to exceed Rs 20 Lacs, then go ahead and register now.

Tax Rate So far, the service tax on co-working space services and other allied services was 15%. Under the new regime, this will go up to 18%. Your output tax will depend on the nature of business you undertake, so refer to the tax rates notified under the GST Laws.

On the service charges charged by the co-working spaces, you will now be charged 18% tax, but the good news is you can claim this as input credit irrespective of the nature of business you are in (services, trading or manufacturing)

Input Credit So far, co-working centers could utilize the service tax paid on the input services – property rental, lease line cost etc to offset against the output liability. Now they will be able to obtain the GST credit even on materials used in providing the services – Computers, Housekeeping materials etc. Input credit can now be obtained for all material and services used in your business, including the capital goods.
What’s missing in GST right now. The GST law enacted right now, still leaves a few items outside its scope – of importance to the co-working spaces is Electricity and Diesel. So, the taxes paid on these two will continue to add up to your cost. Most businesses that work out of co-working spaces may not be impacted by the items that are not part of GST.

Surely, your co-working services’ cost would have been lower if fuel and electricity were part of GST.

What’s taxable in the co-working world Taxable:

Service charges for the space, charges for any other services, membership fees, charges for internet services and other amenities. Any reimbursement charged to the coworker is also chargeable to GST.

 Non-Taxable:

Security deposit collected from the coworkers will not be taxable. However, if the deposits are set off against any rental expenses, then the same shall be taxable.


Unregistered Dealers

It is quite common that new co-working spaces will take some time before they breach the limit required for compulsory registration. Likewise, many small enterprises and freelancers who work as coworkers may not be registered under GST. So it’s important to understand the following:

Service Recipient
Registered Unregistered
Service Provider Registered The co-working space shall levy GST on the invoice which will be used by the coworker as input credit Since the coworker is not charging GST on their sales / output services they cannot set off the input GST and hence becomes an expensive
Example: Large co-working space invoicing to a large coworker Example: Large co-working space invoicing to a freelancer / start up
Unregistered In case the co-working space is not registered, but the coworker is a registered dealer, then the coworker needs to pay GST on behalf of the co-working space and then claim the same as input credit. Outside the scope of GST.
Example: A new co-working space invoicing to a large coworker Example: A new co-working space invoicing to a freelancer / start up

Extending the logic of purchasing from unregistered dealers, the co-working space will have to pay GST on purchase of services and goods from small service providers, retailer who are unregistered dealers. So, look up your invoices carefully.

Impact of GST on workspaces

Conclusion

While the idea of GST was well intentioned to reduce the cascading effect of tax, and for more most part it does solve that problem – like the co-working space being able to obtain tax credit on their fixtures that was otherwise lost, the mechanism to operationalize this is complicated.

All registered dealers will now need to file multiple returns – one detailing the output GST generated by them through sales and services, one claiming the input tax on goods and services, and lastly the net payment / refund. Since every business will depend on their service providers to correctly upload the details of the input taxes that they can obtain, you will need the entire supply chain to be equally efficient.

Disclaimer : The purpose this blog is to examine the impact of GST on the co-working ecosystem. This should not be considered as a form of tax advise. Tax Laws are subject to various Rules and interpretation which can differ for different industries. Seek professional advise before acting on any of the issues discussed in the blog.

Effective Marketing Strategies For Your Coworking Space

COWORKING , MARKETING, WORKSPACE

COWORKING , MARKETING, WORKSPACE

Coworking has been around for over a couple of years, but is actually trending in India only NOW. When it comes to finding the best coworking space, your customers are not running pillar to post, searching for one yet!  While that is said, effective marketing of your coworking space includes not just the biblical algorithms that cost money and time. What we have here are some out of the box marketing POAs, where you can make a substantial difference to the number of users walking in within an unfairly short span of time. A recent write up at Shareable talked about the various ways in which popular coworking spaces are channelizing more and more users each day with their unique marketing hacks across the US. Yes, they can be easily incorporated in India as well.

Read on to know more about what we have to share!

1. Target Marketing

Something that is one of the most obvious ways of marketing, but channeled in a complete new avatar. Target marketing is all about not just channelizing your marketing campaigns towards your probable customers, but actually walking out of your comfort zone to speak to people, to listen! One of the best sources of answers to all your questions lies in direct answers from your clients. Go to cafes, offices, public places, communities where people gather to work. Share your ideas, do not just sell your space. Contribute to sharing knowledge on how effectively they can work in an entire new platform. Join them in events and then answer queries on how you got together and what you have to offer. Make a win – win situation for all.

2. Offer Freebies

Nobody is immune to some great freebies. But then, it is not the stationary that is suggested here. A two day free use of your workspace or a couple oh hours extra could be as welcome as a holiday for two (At-least in most cases)!

#COWORKING #MARKETING
Gather your customer attention – effectively!

3. Link In Membership Plans

A great idea towards capturing that regular customer is by offering some economically viable membership plans. When people do come to a workspace, it is often near their residence and backed a strong membership offer, you are certain that they would stay with you for a while!

 

Attractive membership plans are bound to get you STARDOM!
Attractive membership plans are bound to get you STARDOM!

4. Spotlighting Members

A great way of indirect marketing! When you have those weekly, fortnightly or monthly calculations of the best and the most regular user – why not let her know as well? Flash a tweet or a wall post celebrating your most loved and regular user for the week or month. They ought to share that amongst their peers – and there – the name is out!

5. Free Membership to celebs

Might be a go for some, but if you manage to nail it to the T, get a few popular names within the popular segments of corporate genres enrolled within your list of members and watch how traffic pulls in.

6. Virtual Presence

In today’s global business domain when everything is virtual – get in the game as well! Enable social media discussions, organize twitter panel discussions, FB events and groups and attract people on why workspaces are trending. You could be subtle about why you as a space provider is the ideal solution!!

With the virtual world - you can be omnipresent!
With the virtual world – you can be omnipresent!

7. Think Patrons – Think Care

Being a space provider, you need to categorize the your clients or customers. A boon for a freelancer mother – but do you have an option for child care? Ideal work – station for the science olympiad participant  – but do you have the requisites in your private cabin? Perfect workspace for the start-up initiator – what about a quality cable connection?

WORK = PLAY!
WORK = PLAY!

8. Pop – Up Cowork

These days, thinking out of the box is what clicks! So do that. How about having a ‘pop-up coworking zone’ around popular corporate settlements? Provide a temporary office space through quirky tents and colorful desks and watch how just about anybody would love to work on-to-go!

#POPUP WORKDESKS #COWORKING
Making work – FUN!

9. Seminars and courses

Conducting seminars and courses within your coworking space will not just get the word out but also get people accustomed to the amenities provided by you.

10. Map coworking spaces around you

It might sound difficult but then is a sure competitive way to get noticed. Map popular coworking spaces around your city and you get to bank on the trust of your customers!

Try out any or all of the above and watch your business escalate like never before. If you are on a look out for the perfect co-working space for your need, check out Sneed, the ultimate destination for all kinds of workspaces!

Meet all your space needs with SNEED
Meet all your space needs with SNEED

Why Should You Share Your Office?

Why share your office

Why share your office

In the previous blogs, we established that coworking is now a happening trend among many entrepreneurs in India, the same way it is among millions of entrepreneurs around the rest of the world. And ‘that’ is a very good thing!

For the typical entrepreneur, being cooped up in a lonely office cubicle or being confined to the view of the same four walls of one’s home isn’t an idea of a perfect work environment. How can it ever be, if the environment is going to consist of nagging bosses or a television?

If you’re a free-thinker who’s hearing a distant bell ringing in your head while reading these lines, coworking is probably the right choice for you too. Here’s why you should share your office space with similar minds like you, starting right now!

Community
The people you meet at a coworking space are usually entrepreneurs just like you and are likely to share the same views and principles as yours. This helps you create better ideas and get opinions from those who have similar ideologies.

Flexibility in office hours
With a coworking space, you get to come and go as you please.  No more swiping in and out, no more sticking around till the boss leaves, and certainly no more minimum work hours.

Location location location!
With coworking spaces sprouting up like mushrooms all over the big cities of India, you can choose to work from wherever you like. Saving fuel is just the beginning of how beneficial coworking is!

Fuel for the brain

Most coworking spaces come with a pantry. Here, you can treat yourself to some snacks or spruce yourself up with coffee and tea. Combine that with a simultaneous chat with some friendly faces and you’ve got yourself the perfect office environment.

Free of formalities
Unlike permanent offices where you have to put a few months’ worth security deposit down before you can move in, coworking spaces allow easy rental for days, weeks, or months with barely any paperwork.

If this got you excited  about coworking and you need a place to start, try SNEED – The only place you’ll ever want to go to for a coworking space.

sneed logo kushal

Call 080 4098 6060 or visit sneed.in

Upcoming Coworking Cities in India

coworking, India

coworking, India

The trends surrounding the IT industry are almost as fast as the industry itself. The trend of coworking in India is growing at a lightning pace and most of us know the reason for it – more and more conventional employees turning towards freelancing and many entrepreneurs spreading their wings and starting businesses of their own!

Ideally, what would be the first thing one would need after deciding to start a business, apart from the very obvious things like employees, a name for the company and a logo? An office? Yes! A house ‘can’ double up as an office, but only for so long. Before you know it, you’re craving for the convenience of a large screen (projector) and a remote printer. Also, you slowly tend to realize that being around the television or your pet isn’t any good for your productivity.

The whole process of starting a new business and working out of nearby coworking spaces, using them for meetings and discussions is almost similar to gardening. You plant a seed in the right type of soil, feed it the right amount of water, care for it and you will soon see it grow and bear fruits. That’s just how a new company works as well. A coworking space gives new companies the right  platform to build themselves upon.

Coworking, as a practice, is already established in some of the big cities in India. Places like Bangalore, Chennai, New Delhi, Pune and Mumbai already have plenty of good coworking spaces where entrepreneurs can set up their new businesses. One of the ways to look at it is that the coworking trend goes wherever the startup company trend goes.

Let us take a look at the growing coworking trend across India.

coimbCoimbatore
With TIDEL Park housing some of the biggest names in the IT world, it would not come as a surprise if the upcoming league of entrepreneurs and future listed companies take their first step from a  temporary office space. Regus, a coworking offers Srivari Srimath. There are also others like SJA Real Estate seeing a rise in the number of takers.

Chandigarhchandi
In one of India’s most modern cities, while Regus offers Harmony, there are others like StartHub Nation and Wotta Workspace that can give you and your new business a new home and more.

ahmeda

Ahmedabad
Working Company is a big name in Ahmedabad that provides a suitable coworking culture to improve productivity and creativity. Apart from monthly plans, they also offer an option to try them out for a day. Other names are Openxcell Technology Center and Ebony Business Center.

Jaipurjaip
Startup Oasis and Thinkspace are popular coworking spaces in the Pink City. We expect to see many coworking spaces cropping up here in the near future.

Coworking is definitely trending and it is trending all across India. The credit towards this rise goes not just to the many upcoming coworking spaces and the ones already established, but also to the end user – the dreamer – the people on a mission – YOU!  If you’re someone planning to start a new business, we are quite positive that you’ll benefit from working out of a coworking space over your home or wasting precious time and working capital over searching for an office space.

Coming to that, if you are thinking of finding a great coworking space around you, think of SNEED, your one stop shop to a suitable coworking space for you and your business.

Traffic Slowing You Down? Try Coworking.

Don't let traffic in the way of your business.

Don't let traffic in the way of your business.

It’s only natural for our city’s roads to be inundated with elegant cars and fast motorcycles when it has earned itself the moniker Silicon Valley of India in a few short years of the startup-company boom. But that was five years ago. These days, the traffic is so heavy that the only view of the ‘valley’ you get before landing at the airport is a carpet of vehicles on every single main road.

To combat heavy traffic, we’re doing everything we can – carpooling, changing work schedules, Skyping most meetings, and riding bicycles. But it’s not nearly enough to solve the problem it seems.

But what if you could choose to sit in any nearby office without actually owning one that is located in the outskirts of the city? What if you could rent out an office as you go? Rent out training rooms and meeting rooms as well? That should solve a lot of time and money, and above all, save you the hassle of formal procedures like deposits and name transfers.

That’s called coworking, and it’s the latest trend in Bangalore that’s going hand-in-hand with the startup-company trend. The idea is that if you’re starting a company, you needn’t worry about owning an office and large team. Instead, you can get work done fast by renting out a temporary office space nearby and pay for it as you go.

Pretty convenient, isn’t it? Instead of sitting long hours in traffic to get to your permanent office that’s tens of kilometres away from where you live, you can make an office come closer to you and your new business. Coworking isn’t a new concept around the world, but in India, it suddenly is, and it looks like it’s here to stay.

This is where SNEED comes into the picture. SNEED is your go-to website for getting a quick workspace no matter where you are in the city. We at SNEED, can help you find the best space for your type of work.