Going by famous expression coined by real-estate tycoons, three factors matter the most when it comes to real estate- ‘Location, Location & Location.’ This dictum is followed by a majority of people in the business.
While we’re no real-estate gurus, we do have an expertise when it comes to choosing the right co-working space for your business. There is plenty of advice floating around on the internet and in the real world for businesses on a lookout for shared spaces. Mostly this information is either too amateur or too complicated to decipher and follow resulting in a confused business, unable to make the right decision for their selves.
We, at Smartworks, to make it easier and precise skip the technical and cumbersome jargon and shift our focus to only two factors. The first, passed on to us by real-estate legends- Location. Second, a factor we figured out with our experience in the business- Amenities/ Facilities.
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A centrally located office is largely significant in how much value you get out of your membership. A location, having good transport connectivity, nearby entertainment facilities and convenient stores, decent restaurants, parks or other reputed companies is a win-win situation for your business. An impressive neighbourhood or a prestigious cyber park not only impresses potential clients but serves as a lucrative factor for the prospective employees as well. A short stroll in the park post lunch or an evening out at a nearby restaurant with colleagues serves as a welcome break from the mundane routine at the office.
On the flip side, choosing or getting a centrally located office space is no easy feat. Every location requires a thorough research and some ground-breaking determination to finalise. When it comes to a co-working space, the importance grows manifold.
For instance, at Smartworks, we make sure that our offices are located in the heart of the city to cater to the needs of a majority of businesses. Yet, an essential factor to remember is that every business has its own requirements so always choose a location that works for you and the needs of your business.
What to look out for?
- Easy to reach
- Good parking facility
- Superior connectivity to public transport
- Safety and security precautions
Why Amenities/ Facilities?
Does your business require a fast Wi-Fi connection, access to an excellent 3D printer, Skype room for client calls, suitable space for brainstorming sessions? Or you need something for yourself like a cup of coffee or tea early morning, a cafeteria offering healthy food or home-cooked food options? Clean toilets?
First of all, it’s quite challenging to work in an office not offering facilities which are a necessity for your business. Secondly, it’s equally difficult to work in a space which does not cater to your basic needs as well. Every office-goer has some requirements to be fulfilled. It’s simple logic- the more needs met means an increase in the happiness index of employees which automatically equals better performance at work and an increased job satisfaction. That is precisely why it’s also important to find a co-working space that gives you everything else you need to maximise your work experience.
The creation or complete destruction of the value proposition of office space depends entirely on the infrastructure and amenities it has to offer.
Ideally, a business should look for a co-working space that caters to all their needs by providing a membership plan which makes you productive sans lucrative extras you will never use.
A co-working office space like Smartworks offers all the basic as well as luxurious amenities like a Smart cafe or a weekly entertainment session. On top of that, a co-working facility like ours helps balance the work/life equation and provides a daily dose of fun as well!
What to look out for?
- Engaging working environment
- Good internet connection
- Sanitary bathrooms
- 24-hour electricity back-up
- Good cafeteria and drinking water
- Comfortable seating facility etc.