The information age has brought about tremendous levels of competition in almost every industry. For those planning to establish a market in the industry have to consider several options that promise customer's value and satisfaction. Let us look at an instance where you as an entrepreneur have to survey and analyze an office space that ensures value creation. The striking options that one can think of for setting up an office are Apartment, Traditional office space, Co-working office space etc. Apartment – cheap but may not be the Right Choice! A lot of businesses start from home offices and are based out of apartments. Cost effective at the face of it, but Running business services in an apartment might not sound as a good option for it involves many intricacies. You should have the potential to absorb disturbances such as space management, lack of professional appeal, scarce infrastructure, loss of productivity, etc., that would create a flutter in your business run. Else, you as an entrepreneur would have to invest a lot of valuable time and effort which might affect your business negatively when you need to scale. The possibility to rent an apartment and excel in your business services is very rare. Switch to next option i.e., Traditional space. Traditional Office Space is Preferable, But Depends on Business Length! Traditional office space is the proper working place with all essentials and where everyone comes forth to contribute towards the growth and development of the business. It carries the right professional image to your clients/peers. However, you'll have to face challenges such as high rental and maintenance costs, higher deposits, electricity bills, Capex on fit-outs, support staff, and other utilities. You might need to also invest in a much larger space than you actually need now. This kind of office space would be apt for big businesses and large team sizes. Anything less would only mean inefficiency and inadequacy and hence cost over runs. Co-working Office Space is Little and Sweet! On the other hand, Co-working office space turns out to be the best optimized solution for entrepreneurs who would like to exist together through mutual sharing and understanding. You can simply rent a required space in an existing office location and carry out your business activities. Like you, there would be other entrepreneurs who have their workforce stationed in that location running their business. Thus, Co-working office space is more professional, cost effective and productive. You choose the size of the space, pay for what you use and get the appeal and facilities of a larger traditional space. Whether you are a start-up or an SME with no time or bandwidth to set up a team office, iKeva provides you with a window of choice! For a plug and play office, Co-working Office Space, explore our business center for myriad possibilities and customized offers. For more information on Office Space and Business centers, log on to our website www.ikeva.in.
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