May 13, 2020
While the COVID-19 pandemic has brought with it a practice of staying indoors and continuously washing hands, it has also…
The term “office” may conjure images of dreary cubicles, fluorescent lighting, and soothing cafeteria, but these days, an “office” usually means an environment to which people dedicate most of their business hours.
Any startup would need a convenient workspace because startup involves taking risks, facing challenges, overcoming hassles and working under peer pressure. It’s a place where young team members meet & multitask and work extra hours to meet those deadlines and make the business an enormous success. Thus, employees working in the start-ups need a culture that motivates inspire and keeps them engaged. The true fact is that most of the employees come to the office because of the culture and environment that motivates them.
But entrepreneurs might not be fortunate enough to find a dedicated individual workspace because in the initial stages of a business that is growing, adding individuals to its team is the most prominent thing and the idea of a finite organized work space with dependable infrastructure and room to fit a budding workforce might not be easy. Taking a space in an apartment might not seem to be professional and an independent Furnished Office would be a great idea, but it wouldn’t go easy on entrepreneur’s pockets. In India, especially in the places like Hyderabad and Bangalore where real estate is on the hike and finding a space is really difficult, most of the people would depend on Serviced Offices which are highly beneficial.
Serviced offices in Hyderabad might often be overlooked purely because of their monthly rental fares are much higher; however, there are the pay-as-you-use spaces, and they usually have plenty of benefits that make them more than a worthy investment.
Flexibility with the short term agreements
There would be no necessity of any huge investments, just advance of one or two months advance will work.
With a serviced office space you’ll only ever pay for what you need. In addition to the physical space, services and facilities such as copiers, meeting rooms and even staff are available as and when you need them.
Hope to Meet and test the new markets
Split testing is one of the best ways to figure out what marketing method will be the most beneficial for the business. With a serviced office, it is easy to test multiple options in different markets without a significant long-term investment. This means that if you’re expanding and unsure which city to target next, then you could test more than one location with minimal risk, and then base your final decision on concrete results.
No downtime when moving in
When you move to new premises the downtime can significantly hinder the flow of business. Serviced offices are already set up and ready-to-use. Everything from communications systems to office equipment will be operational from the second you step through the door, meaning you won’t suffer any downtime waiting for phone and Internet companies to install new lines or set up new gear.
Access to high-quality equipment and trained staff
Serviced office operators strive to maintain their staff and technology and will ensure that all of their services and facilities are of the highest quality. Buying equipment or hiring full-time staff requires large overheads. When you hire equipment or staff from a serviced office you’re not bound to any contracts and quality is guaranteed.
Maintenance comes as standard
Spending time and money maintaining an office can be seen as an unnecessary expense. In a serviced office this cost is included in the rental fee, allowing you to save time and money hiring janitors, cleaners, and technicians to maintain the office space.
Before you pay a deposit for a traditional office space, make sure you thoroughly weigh up the pros and cons of committing your business to a long-term agreement. You may find that a serviced office works out cheaper when you consider all of the overheads.
Substantial Cost Savings
Serviced offices can provide substantial cost savings for office users. By doing away with initial capital outlays and hidden charges inherent in conventional leases, savings of as much as 78% have been achieved for companies as large as 100 persons and lease lengths of up to multiple years. And even when companies vacate the premises, there are no dilapidation and reinstatement liabilities to worry about. This can be of particular benefit to startup companies by giving them a defined cost each month to budget too. Rather than trying to add up a series of random costs (including the rent and any business rates), a single figure covers all the eventualities and utility charges, allowing a business to live within their means, without any loss of provisional services. It also makes bookkeeping and accounting much easier.
Decisions related to leasing and renting an office space in Hyderabad is driven by several factors. This is a critical decision for businesses that rely on location to enhance their business. Especially for small business owners and startups that are constrained by resources and options rely upon and opt for flexible and adaptive solutions like a coworking space, shared an office or a plug and play office that suits their needs.
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