How to Choose the Best Co-working Space for your Start-up

With the wave of innovators and entrepreneurs shaping the business world today, start-up culture is becoming the norm in most major cities worldwide and we are seeing a steady increase in the number of small business spaces popping up in homes as well as commercial buildings.

This environment can be both frustrating and counter-productive to small companies or start-ups. Working from home or setting up offices can be a demanding task that requires both capital and time which are both precious commodities for a startup team. Coworking spaces provide a convenient answer to these problems. But how exactly does one choose a coworking space that is right for his/her company or start-up? Here are some factors to look at before taking that crucial step.

1. Evaluating the Need for Coworking

First and foremost, someone?looking into coworking spaces?should know what they are getting into. These spaces are known to foster both personal and community growth. The amenities, perks and the relief from administrative tasks could be just what your company is looking for. Ask yourself, “Will the additional space, amenities and community add significant value to your business?

2. Community

Another important question to raise is whether or not the founders and the team behind the coworking space are indeed working on building a supportive community. The foundation of a successful coworking space is not the space itself but the network it provides. It is therefore important to be part of a space whose team is actively invested in the startup world and have the knowhow to build an effective network. Meet and ask the founders about their vision for the community. What are they doing to actively foster it? Have they been entrepreneurs themselves? Do they have experience running and scaling businesses? Don’t hesitate to ask these questions.

3. Location Location Location

The title says it all. Location is probably one of the most important factors to consider while choosing a coworking space. The needs of your team and your clients are all-important here. Not only must the location be beneficial for business reasons but it must also be easily accessible to your team. Access to coffee shops, restaurants, local transportation etc. are all additional perks.

4. Visiting the space

It is always important to test the waters before taking the plunge. So taking a tour of a coworking space may be just what you are looking for if coworking is on your mind. Visiting a space with your team is the perfect way to evaluate a space and will help you check items off of your requirement list.

5. Value for money

One must look at multiple factors to assess this criterion chief among which are: monthly or daily charges, flexibility, connectivity, meeting room facilities, accessibility, maintenance, scalability, extra amenities and so on.

A coworking space that looks to provide young businesses, freelancers and small companies with a strong and vibrant community, Beginest offers both flexible seats and dedicated office spaces that won’t strain your budget and are available at your convenience.

If you are a startup owner and coworking is on your mind, Beginest is the way to go! If reading this doesn't convince you, come and check us out, we're located on Residency Road and in Indiranagar, Bangalore.

(www.beginest.com |[email protected] |+91 910 802 9762).