Impact of Networking in a Coworking Space Bangalore

Love it or hate it, networking is the most essential aspects for running a successful business. The art of networking is clearly not that simple and requires a lot of effort. You need to go and talk to various business professionals, know about their business and also figure out if their business can be of any benefit to your business.

It is at a coworking space that you can fully utilize the term ‘networking’. A shared office space for rent in Bangalore offers you a lot of opportunities where you can connect with your fellow coworkers, attend various events, all this with a pinch of your hard work and efforts.

These tips may help you increase networking at your coworking space.

1.       Attending Coworking Events

Almost every coworking space has geared up to host community events every now and then. A way to bring in all the members in the office space to connect and collaborate. It is very necessary that you attend such events if you are looking to flourish your business. Listen to what others have to say, know about their business, who knows you may find a prospect for your business that you were looking for a very long time.

2.       Brand Awareness

Strike conversations in the cafeteria or in the lounge area and let your coworkers know about your business and the services that you provide. Brand awareness is an important aspect of your business. People will approach you only when they know what you are doing. Like you are looking for the perfect business prospect, don’t forget that your fellow coworkers are also looking for the same.

3.       Utilize Your Break

As a startup or an entrepreneur, every minute and every effort counts. Utilize your time to the best now so that you can relax in the future. When out for a break, have a walk around the entire workspace, notice what other people are up to, approach new faces and know about their business. Take them around the space, have a coffee together. Remember, the best of the conversations start over a cup of coffee.

4.       Organize an Event

A great way to increase networking at your coworking space in Bangalore is to organize your own event. Be it a one-day workshop or an event for a few hours, this will be one of the best ways to let others know about your products and services and gather some genuine contacts.

Gopalan Coworks dominating some of the prime locations across Bangalore offers shared office spaces where businesses across various industries build a network, collaborate and exchange ideas helping each other take their business to the next level.

Coworking and its Increasing Demand

Coming like an underdog, coworking spaces have given a new name to the entire concept of the workplace today. No business every thought that this trend would completely change the way people work today.

There has also been a massive change in the way millennials work these days. According to a survey conducted in 2019, 47% of millennials look forward to building better communities, 15% are not satisfied with their work culture and 49% of the millennials are ready to quit their jobs if given a choice.

Coworking and its reality today!

Despite the rapid growth the coworking industry is witnessing, there are experts who feel that the sector can soon fall victim to consolidation. Shared workspaces without a profit will be merged or taken over by large and sustainable companies.

With major players entering this sector, the competition level seems to increase day by day. And with more and more competitors trying to be the best, this is becoming a value-centric market, especially in all the metropolitan cities.  One of the most essential elements of the shared office spaces in Bangalore is affordability.

The demand for coworking spaces sees no end. All the major players in this industry are trying to give the best to their members in order to remain ahead in the race.

In the last three years, this segment has seen a 300% growth with many firms opening across major cities like Bangalore, Delhi, Mumbai, Hyderabad, and Chennai. The year 2020 is all set to see the same level of madness in this sector or even more.

With the growing number of entrepreneurs, freelancers, startups, and SMEs, millennials are proving their worth every now and then. It is expected that millennials will constitute almost 50%.

Very interestingly, the concept of coworking in India is reaching new levels every passing day and will continue to steer demand. 

Gopalan Coworks comes with stylish and comfortable office spaces for rent in Bangalore that best suits businesses of all sizes.

How should I expand my coworking space?

There is no disputing coworking space popularity is on the rise, particularly in this age of e-commuting, startups, and the freelancer economy. Frequently startups and entrepreneurs are stuck meeting at coffee shops, houses, or renting a small room in business buildings.

Coworking spaces offer an escape, as well as a community of like-minded people to assist them with network and grow.  They allow freelancers, designers, developers, startups, and more to have a devoted workspace that is more affordable than a traditional office space.

In India, coworking spaces in Bangalore, Mumbai, Hyderabad, Delhi along with other metropolitan cities have turned into coworking hubs because of large investments.

These office spaces help build confidence and community with the same business professionals. But, how do coworking spaces get members to fill up their building? With proper advertising and marketing strategy. The following are the straightforward steps to help grow your coworking space.

Have a Quality Website

Create one good website and add your contact information visible. Include all the updates of workspace, such as location, amenities, and blog posts that relate to business growth, technology, networking, and startups that are in sync with the niches of your members. Ensure these posts have the potential for Google to display them when someone searches.

Have a Social Media Strategy

Take all the advantages of social media platforms. Regularly post updates of your workspace in all the channels. Advertise using Facebook ads and ensure you have a dedicated page to your space. Also, when advertising on Facebook, make sure to focus ads on your local areas, those will be the people who will use your workspace.

Membership Perks

You are bound to find members for your co-working space if you provide various perks or incentives for them.  For example, create a member referral program, give membership cards or discounted rent when members bring in a successful referral.

Help your Members Succeed

Allow your members to advertise their business inside the building. Let them make posters to showcase their activities or work.  Conduct panels, workshops, and conferences in the various niches of your members to help them improve their network as well as businesses. Open these up to the public as well, which will acquire more traffic.

Host Events at Your Coworking Space

An exceptionally fruitful coworking marketing strategy is to rent out your space to something beyond members. Host local events, art galleries, concert series, celebrity parties, etc.

The coworking market is more competitive than you imagine. Coworking operators must focus on and strengthen the pillars that sustain the most weight of their business. Find great office spaces for rent in Bangalore at Gopalan Coworks with all the amenities that required for your workspace.

How do startups search for an office space in Bangalore?

Having a good membership and proper vision are probably the most important factors of a fruitful startup. It is also very important to note that workplace ambiance plays a vital role in the success of startups.

With its office spaces, Bangalore is at the forefront of maximizing creativity in the circle of the business.  Development of professional-friendly workplaces in this wonderful city has grown from strength to strength with the IT boom.

Following are the four factors that every startup should keep in mind when looking for office space in Bangalore.

Location:

Location is a very important perspective to keep in mind when taking office space for rent in Bangalore.  The area must be in a prime business location surrounded by similar businesses or startups.

Some of the most famous prime business locations of the city:

Whitefield

Indiranagar

MG Road

Koramangala

HSR Layout

Jayanagar

These locations are well known for their startup culture making them major winners for your business.

Price:

Bangalore is the primary startup hub of India and hence it has sky-high real estate prices, particularly for a startup, leasing office space in Bangalore can be very heavy on your pocket.

Amenities:

While a few startups need a fully-furnished office space for better functioning, there are few which need nothing more than a laptop equipped with Wi-Fi and a power source.

Parking

Bangalore is a thickly populated city where parking can be an issue. The public transport is well-connected but it will be an aid if the workplace could be provided with abundant parking space for the clients.

Startups should take care of all these parameters like location, prices, amenities, parking, and networking.

Gopalan Coworks across Bangalore are one of the most sought after coworking spaces in Bangalore, India. With office spaces in prime locations of Bangalore, they are well spread throughout the city. The design of their workspaces is such that it inspires people to put in that extra effort in their work.

Reasons why you should opt for a shared working space!

Shared working space offers many perks and good environment full of dedicated and hardworking professionals across all industries. The IT and the real estate sector are the fast-growing sectors in Bangalore. In this situation where the competition gets harder day by day, it is basic to divert all your attention towards the growth of your business. And if your business location is in a cosmopolitan city like Bangalore, this kind of shared office spaces could help you in many ways. You can always look for furnished office space for rent in Bangalore for your start-up.

Here are some reasons why you should do that.

*Plug and play office spaces are better than conventional office setups.

*These coworking spaces are decorated with advanced equipment that is essential for conducting businesses. Be it the training room, meeting room, separate chamber for the managers, separate cubicles or restrooms, shared office spaces will be providing you all the essentials for your business.

*Shared office spaces give you the opportunity to mix with individual experts and like-minded individuals within your workspace.

*Renting space in a coworking office in Bangalore means surrounding yourself with goal-oriented and high-achieving entrepreneurs and business people.

*Coworking spaces promote healthy work-life balance by being centrally located and close to public transport, as well as providing amenities to de-stress and recharge during a day of work.

*Some of those perks at desk chair include:

• Conference Rooms and Meeting Rooms
• Onsite Health Club-Style Fitness Center
• Grab & Go Food and Coffee
• Delivery and Mail Sorting
• Ultra-high Speed Wireless Internet Access and Support

Also read: Things You Are Missing Out On if You Are Not Trying Coworking Spaces

How coworking space help Start-ups’ & SMBs?

It is in the last few years that the concept of coworking spaces has gained a lot of popularity. With a growth rate of 24% annually, this dynamic market is ready to expand even further by 2022. These shared office spaces have proved to be valuable not only for startups but for big enterprises as well.

These collaborative workspaces are way cheaper than renting offices helping startups and small businesses to grow their businesses in an affordable way. These spaces are designed to create a strong networking environment.

Here are several other reasons that make shared office spaces the best choice for startups.

1.       Flexible

One of the most convenient reasons to choose coworking spaces for your business is the kind of flexibility that these spaces offer. From private cabins to meeting rooms, a well-stocked pantry, free Wi-Fi, comfortable seating, these smart spaces give startups and small businesses the opportunity to grow and expand within the same space. Also, when you are tight in your pocket choosing shared office spaces can give you financial freedom. Coworking spaces in Bangalore allow you to use spaces as and when you need it, either day-to-day or on a monthly basis. Rent office spaces as per your convenience.

2.       Networking

These comfortable office spaces provide a large number of networking opportunities for companies who are trying to build their business. These business workspaces combine the freedom of working for yourself allowing you to find like-minded coworkers. Connect with talented and enthusiastic people from the same industry who can also introduce you to potential clients or investors. You can also find freelancers with the right skills that your business requires, thereby giving your business a proper boost. Connect, collaborate and accelerate.

3.       Amenities

Light on budget, coworking spaces come with a lot of amenities to give you the best feel at work. Printers, scanners, lounge areas, free beverages, reception areas, unlimited parking, these office spaces have a lot more to offer as compared to traditional offices. These workspaces also offer a number of fun-filled activities that make work fun and exciting.

4.       Coworking Environment

Being surrounded by people who are passionate about their work is very inspirational. A brainstorming session with creative and dedicated people can be the best foundation of some path-breaking ideas and concepts. This is one of the biggest advantages of coworking spaces, it doesn’t just help you grow your business but also gives you an environment that includes innovative and dynamic thinkers. A good atmosphere and the right people can help your business reach new levels.

If you are a small business or a startup looking for a place, waste no time and rent a coworking space to enjoy the huge benefits that these spaces offer. With a dynamic and vibrant environment, these office spaces are flexible allowing you to choose what you need and when you need it.

IoT Applications Transforming Shared Workspace Management

With the increasing demand for coworking spaces, the expectations from the consumers regarding the environment and the facilities for these spaces have also increased. It can be a bit of a challenge for the managers to incorporate the best technologies which can help them have better control over their shared spaces and also improve customer experience.  

To make these spaces available with advanced technologies in the most efficient manner, IoT can help these workspaces grow like never before.

From doors that can open automatically to calendars that with help your consumers see the availability of the coworking space through a dashboard, IoT is becoming important for these office spaces where users can control every aspect of the environment through a single interface.

Here is how IoT is transforming the shared workspace.

1.       A workspace that is responsive

IoT-enabled coworking office spaces will act a lot different than the existing ones where everything from the furniture to the copy machine will be connected through IoT. Efficiency is considered to be one of the biggest advantages of an IoT-ready coworking space.  From cost-cutting to optimal use of resources, IoT has it all covered. How cool it would be to see the LED lights in a meeting going off by itself as soon as people leave the room. With IoT, this is the future of shared office spaces.

2.       Smart Biometric Access

After a desk is allocated to a consumer, the next thing that needs to be done is access control. To automate this process, technologies like Barcode, Beacon, and RFID can be brought to action. A keyless entry custom mobile application or a Bluetooth beacon is one of the most used automated applications which are loved by the consumers of the coworking spaces. The need to tap or swipe ID cards will no longer be required.  

3.       Smart CCTV Cameras

An eye on the sensitive areas of your coworking space is important. Wireless IP CCTV cameras can be installed to keep track of any unauthorized access. Motion detectors can also be installed which starts recording only when there is a motion.

4.       Smart Payment

With the use of RFID technology, a Smart Card will work as an access control as well as a payment card for any services that your consumers will use. A mobile app can be used by the consumers to top up money to these smart cards which can be used for payments within the office space.

The day is not far when IoT will transform traditional working spaces into flexible and tech-enabled ones. With IoT, organizations are all set to witness high levels of productivity and cost efficiencies.

Gopalan Coworks proves the best office space in Bangalore with all the above facilities.