Office, Co-Working Or Business Center, Which Is Better?

Many entrepreneurs and freelancers when they start a new business often work from home to save costs, but there comes a time when they need a comfortable and well-equipped workspace to carry out their activity or they may need a meeting place on occasion. At that time, they must choose: office, co-working or business center.

Each way of working has its advantages and disadvantages, so we are going to analyze them so that you can decide what is best for your business.

An individual or shared office

This is one of the most classic options, you simply rent an office for your business or you share an office renting an office with other professionals. They are usually offices with independent rooms that do not facilitate collaboration but individual work.

An individual office for you can only be a bit expensive option, unless you choose something further from the center. An office in a shared office can be a good option to work in a more central area.

Business centers

Business centers are used for two things: to have companies domiciled and to rent professional offices or other spaces for companies. Business center in Delhi usually have additional services such as the reception and attention of telephone calls, rooms for meetings and events, etc.

business Centre in Delhi

The advantage over renting an individual office is that with the price we pay, we also cover the cost of electricity, internet, furniture, office cleaning, etc.

The disadvantage is that they continue to be spaces, like the individual offices that do not foster the relationship between companies, since they work in separate spaces, making it very difficult for synergies to arise or for collaborations to be established.

Co-working

It is perhaps the most flexible option for an entrepreneur who is starting a business since they usually offer several options: renting fixed or few hours a month jobs or attending events (without the need to rent a job).

These are open spaces that foster the relationship between entrepreneurs and, in addition, the co-working centers themselves usually schedule courses and various activities so that the entrepreneurs get to know each other and can collaborate professionally.

They usually offer various complementary services such as: internet, organization of events and courses, meeting rooms, etc. Sometimes they are very original spaces and they are usually in central places of the big cities, even in some cases they have other centers abroad that we can go to if we travel for work.

Co-working centers are a good idea for entrepreneurs who have just started, they work from home, but sometimes they need a space in which to focus or receive a client. Choosing one of the three previous options depends a lot on the type of activity you carry out, perhaps a more consolidated activity is better suited to ab office space in Connaught Place for that company.

While if it is a more creative activity, the relationship with other professionals who carry out activities complementary in a co-working can be beneficial.

Where Is It More Profitable To Invest: In Residential Or Commercial Real Estate?

The crisis of COVID-19 significantly affected both the business and the real estate market. And the main question facing “micro” and “middle” investors is which is more profitable: commercial or residential real estate. The answer to it will not be unambiguous.

Residential real estate is clearly segmented: primary and secondary markets, apartments, luxury apartments, houses and cottages, economy, business and premium classes. Segmented and commercial real estate:

  • Offices
  • Retail
  • Warehouses
  • Hotels
  • Narrow-profile buildings: cafes, restaurants, banks, etc.

Therefore, to decide whether to buy commercial real estate, you need to decide: will it be an investment in your own business or a rental income?

Business premises

It is logical that the person who acquires the premises for the business is able to calculate their income and expenses. But in practice, many representatives of small businesses (especially in the retail sector) do not always calculate whether their store will make a profit if the company has to pay rent + utility bills and other expenses.

What does this mean? The store pays off. But investments in the room do not pay off. Is such an investment profitable? No, although outwardly everything looks quite acceptable. This is “business for business.”

The money spent on the purchase of their business center in Delhi could bring much more profit if put into circulation.

The second problem that the owner will face is the inability to assess the potential of the area. He does not know (or does not take into account) which objects will be erected here in the next 3-5 years.

Meanwhile, the opening of a large hypermarket in the neighborhood, the transfer of a bus stop, the closure of the metro exit can “kill” your own business.

Premises as rental income

In this case, the investor expects to receive monthly income from the rented property in Delhi, while the room remains its asset. For a long time, residential apartments remained the most popular type of such investments, however today their payback period has increased significantly, and profitability has fallen.

Commercial real estate wins in this regard: its payback period is 7-10 years against 20 for apartments. But both options have their pros and cons.

Apartments

Entrance ticket to this market is lower than in the commercial segment. Traditionally, apartments are bought for children, and while children grow, rents are a good help for the family budget.

A similar option is also chosen by people who want to ensure a quiet retirement life- they rent out their property and live on rent.

The advantages also include the fact that professional experience for renting an apartment is not necessary (which cannot be said about the store or office). Moreover, companies that professionally manage residential real estate operate on the market today- if necessary, they can be entrusted with the management of the apartment.

The third advantage is liquidity. An apartment or apartments is easier to sell. How easier it is to purchase housing at the construction stage, which means to save on the purchase. The fourth advantage is the ability to rent housing.

Is it profitable to buy commercial property?

In terms of payback – yes, of course. With one caveat: if this property is liquid. The trend of the last 20 years has been the purchase of apartments (or premises) located on the first floors of houses under construction.

Rules For Designing Entry Zones In Business Centers And Reception Areas In Offices

The lobby of the business center in Delhi and the reception area in the office are their face and business card. And since a person makes a first impression in less than 10 seconds, you need to pay special attention to these zones.

Office real estate experts shared their experience in organizing the entrance area, reception area and waiting area and gave advice on what to look for when organizing them.

Aesthetics and functionality

Do not be afraid to stand out. You can save on furniture and decoration materials in other areas, but not in these. An unusual reception desk will immediately attract the attention of visitors – they will want to take a closer look at it. By and large, you need a WOW effect. Typical solutions do not achieve it.

Aesthetics should not defeat functionality. Reception area – the place of work of administrators, secretaries, who have a “shock” load. Therefore, it should be convenient not only for visitors, but also for employees. It makes no sense to install openwork partitions in which you cannot place documents or buy a chair on which the secretary simply cannot sit.

It is important to plan the organization of the entrance zone at the stage of development of architectural and planning solutions, when the foundations for future design are laid.

Already at that moment it is necessary to think over logistics – how the flows will move in the reception area and how to distribute them correctly, how to organize a lounge area and where to put the reception desk.

To foresee where the security officer will be located so that he does not interfere with visitors, but at the same time he can control the space and respond promptly in case of an emergency.

Experts note that it is extremely necessary in architectural and planning decisions and during design to do everything possible so that at any time of the year the streams of street air do not cause discomfort to employees and guests of the business center.

The size of the entrance zone is always planned taking into account the number of employees of the business center in Noida and the potential load on it during peak hours.

Before the opening, it is worth planning the location of the panel with a list of tenants. One of the main trends in the organization of entrance zones today can be called functionality – a sufficient and yet inconspicuous place for correspondence of tenants, an equipped waiting area with chargers for gadgets and free Wi-Fi.

As for the visual design, you can achieve a wow-effect by working with light, a different combination of materials and geometric shapes.

To create a positive impression from the first minutes, the presence of a stand for the bag, a comfortable place where you can sit down to fill out documents, a soft light, a scanner that recognizes the guest’s passport data to quickly process the pass and save the guest’s time will help.


 

Why Small Companies Love To Rent Offices In Business Center?

The solution that in the last few years is gaining more and more importance, especially among the young startups, is that of managing its business inside a Business Center where you can find an office ready and ready for the time you want, without incurring fixed costs to be amortized only over many years: in short, an office that can be permanent or temporary, respecting its needs. Indeed there are many situations, in general, that make the needle of the scales towards this choice, certainly extremely elastic but also economic.

Small companies that cannot afford to pay annual rental fees and have a largely fixed charge on the income statement. But also young companies, which are not initially very structured, but who are expecting growth, and therefore need rather flexible spaces over time. It works even for large companies which do not intend to take over, apart from the rent, the costs of condominiums, maintenance, utilities, and general services and fixed administrative staff, as well as the burden of providing the material management of these services, which would require a commitment of additional dedicated work resources.

In all these situations and many others, it is certainly cheaper to rent a furnished office inside office center spaces, designed and specifically designed to meet the needs of every company or freelancer and to support the economic activity of its customers in all those services delegable to them.

The most suitable solution for a startup

The rent of an office is the only solution for a startup to access a fully furnished office space in Connaught place, a professional office, without having to make large investments or commit a considerable part of their budget. When a startup uses a furnished rental office, it has access to all the advantages of a traditional office, with furnishings, receptionist services, IT staff, and professional technology such as printers, audiovisual systems for video conferencing, projectors and overhead projectors. Plus a whole host of other services such as bars, common areas and sometimes gyms and restaurants. With the rent of the furnished office, there are no particular commitments or major investments to make.

Rents can also be short-term or follow agreements month by month with the administration of the structure. You can therefore only pay for what you actually need, rather than settling in a space that is excessively large for the current reality of a startup. If you need a conference room, it is often possible to rent it for a few hours or for the whole day, rather than paying for a space that is actually used only for a short period of time.

Startups do not have to worry about maintenance, long leases, expenses for repairs, or taxes. And then they are the ideal place to meet suppliers and customers, thanks to modern furnishings and the comfort they offer. The look is professional and inspires confidence in potential customers and partners. If, moreover, one day a larger space will be needed for the activity to expand, normally the buildings that house the furnished offices give the possibility to have more space without getting the headache looking for a new solution. Likewise, if you need to resize your Business Centre in Noida, you can opt for a smaller space.

This again saves time and money, without having to change the company’s address. The new startups and small businesses continue to crop up all over India every month. These companies need a solid foundation on which to lay the foundations for a successful future. A furnished office can guarantee to these nascent organizations the necessary space and flexibility, focusing exclusively on the management of the company, without being diverted from other tasks.

Virtual Offices, Physical And Co-Working, Lets Know The Terms In Depth

The virtual offices represent the main tool for new entrepreneurs, who obtain a modern and equipped office, well located, without a rental contract, without maintenance costs, avoiding fixed salaries and that can be accessed when needed, the time is required.

When the moment comes when we decide to start a business, a fundamental part that we must value is the office where we will develop our project or business.

There are three different types of Business Centre in Noida that an entrepreneur or a small company can contract, we find from the virtual, physical offices or co-working. Each of them offers us the advantage of avoiding spending large amounts to acquire a property and adapt them to the needs of each business, in addition to reducing installation, contracting and maintenance costs.

Many entrepreneurs or entrepreneurs who come to a business center, hesitate to opt for the different spaces of co-working, so then we will tell you the benefits of renting workspaces:

  • ONLINE OFFICE RENTAL

This modality is characterized by offering a corporate presence that does not require a large investment: it consists of hiring professionals to answer telephone calls and receive messaging, however, it is not a physical space in which the employer can perform their work.

These offices also offer meeting rooms, where the employer can receive clients occasionally, although the office is not really there, but on the street or at home. It is an ideal tool for when you work from home when a lot of field work is done and you occasionally need an office. On these occasions, the online office is ideal.

  • RENTAL OF PHYSICAL OFFICE OR OFFICE

It can be defined as a private and fully furnished office space in Delhi. Having a physical space, either for rent or purchase gives confidence to the client, the reality is that in the business world, trust is provided by an office because it conveys image, seriousness, and formality.

A recent investigation carried out by a provider of flexible workspaces, reveals that workers consider that partially closed offices are ideal to obtain a better concentration and generate greater productivity that is why some entrepreneurs consider that when companies have consolidated, it is the ideal time to acquire the physical office service, unlike the virtual offices, recommended for new entrepreneurs.

This type of space has all the necessary services to carry out all professional activities. We avoid making an initial investment to equip it, because those needs are already covered, as well as the basic needs of cleaning, internet, telephony, printing equipment, among others.

  • CO-WORKING

It is a recent office modality, where the workspace is shared with other professionals. It allows the hiring of space for hours, as well as having all the necessary material at hand to work. Among its advantages, one of the main ones is that sharing space with other professionals is ideal for sharing ideas, joining synergies, networking, feeling accompanied and also knowing new people and new projects.

It is a very flexible format, which enables the exchange of ideas, coexistence and gives rise to innovation to create new projects in common.

Keys to Reinvent Your Business Center and Modernize it

One of the most important aspects and that most worries those people who decide to become autonomous or open a new company is the site where they will work. It is a place where you spend many hours a day, and it is essential to feel good about it.

The Business Centers in Delhi are an option that more and more professionals choose as an alternative to renting an office or working at home, since settling in these places of work brings significant advantages, such as

  • Being able to work punctually in a professional and utterly flexible environment,
  • Reduction of fixed costs,
  • Savings in furniture and conditioning (the business center is already fully equipped with everything you need to develop your activity);
  • Immediate incorporation (you are ready to start working whenever you want);
  • Access to other facilities in the same center or the administrative facilities offered by many of them.

Next, we will write down the aspects that you will most need to take care of if you want your business center to be the first option for companies and entrepreneurs:

Image: You must offer a quality image, so do not hesitate to invest in renewing your facilities for your business center. A modern design, together with adequate lighting, will create an exclusive atmosphere and added value.

Remember that companies receive their clients here, so they will seek to project a particular and professional image of their company and where they are located says a lot about them. Thus, you must take care of the reception area of the building, the common areas, and the rooms and offices in detail.

Technological infrastructure: Take maximum care of the equipment offered by the Business Centers in Noida, such as printers, scanners, and fax machines, photocopying machines, projectors, telephone and especially, access to the Internet. If the Internet connection is terrible, it can seriously affect the productivity of a business and daily jobs such as reviewing and sending emails, video conferences or updating the company’s website can be interrupted.

Environment: the service must be impeccable. For those organizations that either by size or by necessity do not compensate them for renting an office, they have in the service of domiciliation of companies and virtual office, an excellent option to project a prestigious business image.

With these services they have at their disposal gathering spaces and reception services, telephone attention or correspondence control, for which they can offer their clients unbeatable care without the need to rent an office or hire staff.

For this, you must have the specialized and highly qualified personnel to offer the best service, providing an exquisite treatment to the clients. If you are a company or freelance, choose the space that best suits your needs and start without delay!

Why Business Centers Work (if) Well ?

Some people say that the closed office, as well as the good old office furniture, are doomed to vanish, in a world where one encourages more and more “super-mobile” work, thanks to smartphones or tablets. However, researchers and designers are still operating the furniture of the work of tomorrow: crazy, flexible or merely practical; we let you judge the office of the future!

WHAT IS A BUSINESS CENTER?

A business center can be designated as office space in sake consisting of premises of all sizes, fully equipped and furnished. These premises are dedicated to the professional use of generally determined duration in the short or medium term. You will find business centers in major cities, sometimes with increased concentration in metropolises. Indeed, the geographical location of a business center will affect its demand as well as the services it will offer. That’s why 20% of the people you meet there will be professionals in a start-up company or 40% of tenants will be part of an SME.

Large groups are also calling on business centers in the context of decongestion or decentralization of their services.

CUSTOMIZED LEASE, A BENEFIT FOR SURE

You have probably already learned about commercial leases, and you probably know that they are signed for nine years. After signing, the tenant can leave the premises at the end of each 3-year period. This is why the commercial lease is often called rent 3/6/9.

Do you find that too restrictive? The lease format of a business center is very flexible and might appeal to you. It adapts to your request, subject to conditions set by the owner of the center. But keep in mind that its terms will always be less restrictive than the law on commercial leases. The flexibility of the contract is all the more marked by the ease you will have to increase or reduce the rented area according to your desires.

ATTRACTIVE OFFERS AND OPTIONS

The business centers offer a multitude of diverse and varied offers satisfying all types of requests. You have to choose from the following:

Rent equipped fully furnished office space in Delhi: Whether you are looking for an office for one person, a reception room or a meeting room, different formulas can meet your request. These are usually full-time office rentals, à la carte or reception desks.

Home business: This service will allow you to receive your mail at the address of the business center. You can also install your home office here, so you do not have to install it at home to separate your private life from your professional life. The address of the business center will, therefore, be your business, tax and administrative address.

Transfer your secretariat: Some business centers offer an outsourced secretarial service. This frees you from certain formalities and administrative tasks such as writing quotes, editing invoices or maintaining a standard until a specific time.

Have an intranet: the business center infrastructure is modern and allows the establishment of internal networks otherwise called intranet. It will allow you to access your documents or to your internal applications with ease of where you want. Also, integrated tools (private chat, shared agenda, directory, etc.) will facilitate communication and exchange and create complementarity between you and your employees.

Essential services such as internet access (Wifi and Ethernet) or catering services improving business life are often made available.

Complementary skills

These services attract different user profiles with different skills that are looking for your skills

Rules For Sharing Spaces in a Business Center

You are about to rent a job in a coworking space. As you know, you will have to work with people you do not necessarily do. This may seem simple, but you have to know how to define and respect specific rules so that the coworking work is done in the best way.

The coworking motto: RESPECT

Respect other coworkers

This is one of the major points of a fully furnished office space in India: it is community of coworkers- perhaps in the same situation as yours. When we know that those with whom we cohabit (or co-work) can be engines for our activities, we understand the importance. From this same community can emanate from business partners, customers, but also work buddies. An office rental experience in coworking is undoubtedly professional but does not detract from the social aspect. It is this same aspect that pushes to socialize and installs a healthy emulation throughout the space.

Respect the availability of places

The logical continuation of the previous point: the respect of the sites! Is not it unpleasant to see a family member (or roommate) monopolize the bathroom at crucial hours in the morning, such as the bathroom or toilet? Well, it’s no distinct when it comes to life in coworking. The renting of a coworking station or office gives right and access to all spaces, rooms, and equipment.

Take care of objects available

Another wake-up call, essential to remember: working in business center in noida is using the goods, tools, and objectives so that other members of the group can reuse them. This includes the printer on which we must not let off steam, to leave the poufs usable, and not to throw the ping pong racket on the table. And since we talk about the toilet to leave clean. It seems obvious and yet it is good to remember.

In coworking, the freedom of everyone stops there or begins that of others

In close connection with the first point, we discussed. We know that coworking involves specific mobility, relative flexibility, a pleasant, friendly and healthyatmosphere. But these are hardly pretexts to endorse everything, including disruptions. The coworking third-place is undoubtedly a hybrid place, between home and work, but remains a place of work. So the noise, the surplus of activities, the lack of respect, politeness, courtesy, promiscuity are all disruptions that have no place in shared spaces, let alone coworking.

Develop your network in the right conditions

Finally, the interest in coworking is more than just a roommate within a shared workspace. It is to fight against professional isolation, to create value in a dynamic space, and to forge a network of high quality. Professionals who can give impetus to your project, or from whom you can have objective feedback on your activity.

You will understand, working in the community is like living in society. Specific standards are to be respected for the proper functioning and the excellent agreement of the work. Use communication and respect for everyone.

How should I Distribute a Workspace ?

Currently, comfort and efficiency are consolidated values when distributing a workspace. We work in teams, in a multipurpose and shared space. Therefore, environments that favor both the well-being of the workforce and the productivity of employees should be designed.

PLANNING AND ZONING OF SPACE

First of all, you have to think about the space and study the needs of each work area. Avoiding this, fall into possible errors that affect our work development. Currently, this is the trend in office distribution; open spaces around which private areas are created where you can work in both groups and individually. In this way, the luminosity is enhanced and allows a more fluid communication in flexible and versatile spaces.

Business center in Delhi tends to be divided mainly into 6 zones that we will see in detail below.

  1. – LOBBY

The lobby or entrance area is the letter of introduction to our company, so it must be a space with personality and clear corporate message. Nowadays the reception and the waiting area are designed in the same space, with a modern and comfortable aesthetic for the clients who come to visit us.

  1. – OPEN SPACE

In the open space or also called prairie, most of the operative positions are distributed. These tendencies have their followers and detractors.

This type of distribution of a workspace favors communication between employees and increases productivity.

On the other hand, privacy decreases and distractions increase. So it is advisable that these posts have some separate element that provides a certain degree of privacy.

  1. – PRIVATE SPACES

There are specific professional sectors that, due to their activity, need to have private spaces to deal with confidential issues or meetings with clients.

Therefore, although the concept of office space in Delhi tends to disappear, it is advisable to create several private spaces for these purposes. These cubicles can be designed with glass enclosures that let in the light and replace the traditional walls.

  1. – MEETING ROOMS

Currently these rooms have become modern and multifunctional spaces where numerous tasks are carried out, such as meetings, presentations, video conferences, etc.

For this reason, they must equip themselves with the latest audiovisual technology and provide themselves with versatile furniture that adapts to corporate needs.

  1. – SOFT SEATING

The soft seating is a relatively new concept that has emerged changing to new business models.

Equipped with comfortable and functional furniture, it is an area where employees can disconnect when they need to take a break or work more informally and relaxed.

  1. – ENTERTAINMENT AND REST AREAS

The importance of the well-being of the employees, which directly benefits the productivity of the company, makes it create this type of multipurpose spaces, especially in large companies.

Very creative areas where you can eat or have a relaxed coffee, play a game with your classmates or relax for a few minutes of hard work.

When the search for the sale of corporate offices begins, location is a crucial factor. It is recommended that these be located in places close to the client or staff, according to the needs of the company.

Business Center or Co-Working, What is the Difference?

The idea of the flexible workspace is the origin of many different types of workspaces and office combinations to offer places to work for small businesses and self-employed people. Those people within the sector know how to differentiate and understand the differences between a business center and a co-working. The differences between a business center and a co-working are usually the subject of debate between those who prefer to use the facilities of a co-working and those who want to use the services of a business center.

Enter a co-working or business Centre in Noida, and in less than a day you are connecting your Mac-Book to high-speed internet, in a space with new furniture, and in an unbeatable office location. Whether you are a small creative team or an established company, a co-working or a business center help you to leave behind long lost hours in search of an office, the furniture to adapt it and the signing of the lease. They are solutions to their particularities, and in this article, we will help you to understand the two concepts.

WHAT IS A BUSINESS CENTER?

A business center is a fully furnished office space that houses SMEs and Start-Ups, equipped with all the essential services of an office, such as access to a telephone, Internet, mail service, printing, etc. You consider a business center as an establishment for your company if what you are looking for as the primary objective is to increase your productivity within a space free of distractions, which at the same time can guarantee a face-to-face interaction with other companies within the business center when you need it.

Many people understand it as “share what you want to share,” and that is that, in a Business Center, certain amenities are shared, such as the kitchen, or the secretary at the entrance, but there is no coexistence. A business centre in Delhi can be imagined as several small offices that together encompass a larger space. As regards privacy, it’s excellent; you can work in a Business Center and never get to know or know what the rest of the people with whom you share the corridors and the kitchen do. Business centers usually offer offices of different sizes to suit the size of your equipment and thus ensure that you work in the most productive environment possible.

BUSINESS CENTERS – CO-WORKING ARE THEY COMPATIBLE?

If you ask this question to the greatest sybarite, defender of one or another concept, he will say no, that they have different elements. Nothing else proof of this is the objective client of each one. They differ in mentality, size of the business and undoubtedly also of needs.

If we focus on the most representative feature of a co-working, which is the creation of a community, we find that it is a problematic need to cover by a business center. This difficulty lies in the ability of the operator of the business center to invest in real time and effort to help the community of entrepreneurs within their center to evolve. The regular work of a business center is to lease an office in a larger space, sharing amenities. While a co-working goes further, it consists in the creation of a community, whose members help each other to progress and form professional and personal bonds.

Now, if we focus on the simplest version of co-working, we find that space, where all the community work is done, does not offer the amenities that a business center offers, so when choosing a place where Install your company, make sure they provide you with all the amenities you need.