India is the 3rd largest startup ecosystem in the world. From a meager 471 startups in 2016 to 72,993 as of June 2022, there has been a 15,400% jump! The exponential rise in the number of startups has led to increasing demand for office spaces. In these times of funding crunch, startups find it difficult to rent an affordable office space with the required facilities. A coworking space offers a better alternative in such situations. It is a fully furnished and equipped office space to be rented on a seat or cabin basis.
Coworking spaces are great for early startups, freelancers, and small businesses. Let's look at the reasons for renting a coworking space for your business.
1. Flexibility
One of the reasons people opt for coworking spaces is the inherent flexibility it offers. You can hop at any time of the day or night. Coworking spaces that offer a day pass are preferred by individuals who want to work out of the office for a few days but in a professional environment. Companies offering remote work can give membership to coworking spaces to their employees who work remotely instead of asking them to relocate.
2. Affordability
Unlike traditional offices where you have to rent the entire space, you have to pay only for the space you use in a coworking space. They also offer additional resources such as vending machines, cleaning staff, high-speed wifi, and printers. This saves a significant amount of operational costs. A few coworking spaces also offer quarterly or yearly memberships with discounts. Beginest is one of the best coworking spaces in Bangalore in terms of affordability. We offer the best-in-class amenities at a surprisingly affordable price.
3. Work-life balance
You read it right! Coworking spaces offer you an excellent work-life balance. They help you keep your home, and office life separate when you can have dedicated time for each of them. For folks struggling to work at home, coworking spaces are for you.
4. Networking
One doesn't need to explain the benefits of networking in the business world. As coworking spaces are shared office spaces, a variety of individuals and businesses work together in the same places, creating an enormous networking opportunity. So, rent a coworking space now and network, network, network! Beginest has coworking spaces in Bangalore that organize events, such as Founder’s Friday that are focused to cater tech startups. These events not only help in networking but also help pass hurdles faced by these startups, especially working on technologies such as blockchain and metaverse.
5. Being with like-minded individuals
“A man is known by the company he keeps”. A significant chunk of coworking space members are either founders of a startup or are a part of the ecosystem who are highly creative and motivated. Being surrounded by such individuals fosters the environment where ideas are created.
Beginest is not only a coworking space in Bangalore but also a community of startups and entrepreneurs. We have built a network of over 200 flourishing startups that have benefited from the provision of our incubation, startup service capabilities, mentor hours, access to funding, and other resources. We have coworking spaces in Indiranagar and Residency Road.
If you are a startup struggling to find a coworking space in Bangalore that provides best-in-class amenities at surprisingly affordable prices or a freelancer who just needs their space, Beginest is your place.
Reach out to us now, and we will be more than happy to serve you!