India has been witnessing a great rise in the number of bootstrapped start-ups led by young graduates and college students. These are dreamers who may have a brilliant business idea and a decent plan of execution but practically no other resources.
For a business to be successful, there are a few elements that are considered to be essential. Innovation is not everything and one does need to have in place a strong system of operations, marketing and much more.
Here are a few ways in which choosing to work out of a coworking space can help you scale your business:
Often, entrepreneurs start alone or in a team of two but the team grows with time. Coworking spaces offer you the chance to keep working out of the same space even as your team grows by simply adding a few seats to your name. This, combined with the low upfront costs, zero hidden costs and no management hassles makes coworking the best option for start-ups in their early stages.
Every venture needs a great amount of valuable networking for it to grow at a good rate. Usually, these young entrepreneurs do not have a suitable network but coworking spaces help you develop this network. You work alongside so many people from various fields who can be potential clients or can recommend you to potential clients. Spaces often host in-house networking events to encourage the same.
3. Expertise and guidance:
This is the kind of help you can get for your supply side of the business. There will be people around you who are professionals in the fields of finance, law, marketing and much more. They can assist you in getting the business on track and advise you when you need it.
At CoKarya, we always say that we do not want a business to work out of our space forever. Our belief is that start-ups should come to us, grow with us and leave once it makes sense for them to own an office space. This is why, we do everything we can in order to facilitate our coworkers in the process of scaling their businesses.