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Coworking is becoming the new way of life for businesses who are keen on building a sustainable culture

In 2022, businesses across varied sectors leased more than 90,000 flex spaces in India and the numbers are rising. Between 2017 & 2020 the coworking space take-up rose from 1.5 million sq.ft to a whopping 10 million sq.ft.

Cost saving, logistical benefits, and #operationalefficiency are definitely key influencers, but all of those aside, the cultural impact stands out as the one unsaid reason behind the widespread migration to coworking spaces. The #pandemic has been the greatest eye opener and enterprises have realized the importance of culture as a driver for growth and #sustainable productivity. Amidst an environment of fast evolving employee preferences, businesses have realized that a #flexible, vibrant and #positive environment only can build a culture which will attract & retain the new generation of #talent. For these enterprises coworking is not just limited to leasing a space, but a platform which can help them build a culture of productivity and collaboration.

A published data observed that in #India, the average age of 72% business founders is 35 years.

The millennial group is a key force behind the thriving start-up ecosystem, whose success can be largely attributed to their inclination towards coworking spaces over #traditional leases. This is because these enterprises consider culture as a primary asset for their long-term goals and for them coworking is the most effective #solution. For the new age #enterprises and #employees coworking spaces boast an open culture and promotes a flat hierarchy-less environment where it is easy to collaborate between peers. Coworking offers a more fluid knowledge sharing platform thus adding more steam to the creative efforts. It has been seen that businesses which has an open culture, garner more trust from their employees, thus reducing employee turnover considerably.

From the perspective of striking the perfect balance between work and leisure, #coworking space is the most preferred choice for many companies. The renowned names in the segment have applied the modern workplace design principles which are not only peppy, but also offer the benefits of customization, thus allowing businesses to build a #culture where people can enjoy their work, celebrate their success and spread their wings to innovate. From managed spaces to specially designed options, coworking is emerging as a one-stop solution for businesses who are trying to create a cultural niche for themselves.

Earlier, any #business was all about ROIs, but now the perception has changed. Companies have realized that people are their greatest #assets and mental and emotional #wellbeing can take them a long way. Over the past couple of years a lot of enterprises have seen that in a coworking setting people enjoy more flexibility and it has been observed that due to the improved emotional well-being owing to the advantages of flexible, transparent and collaborative working, their productivity increased manifold.

As the rules of engagement in a workplace are changing, coworking spaces have become a sigh of relief for the businesses who are looking to break the barriers of traditional working. Businesses have started to embrace coworking not just as a cost saving option, but a path that leads to better #productivity and #collaboration. While the start has been promising so far, the constant #innovation in the space will unlock new possibilities for the world of business.

THE BUZZ

The Good Creator Co. acquires video commerce platform BULBUL

The Good Glamm Group -owned, The Good Creator Co. , acquired the Gurugram-based video commerce platform BulbulTv (acquired by The Good Glamm Group) .

As part of the acquisition by an undisclosed amount, Bulbul’s core functionality will be added to the stack of Good Creator Co, and the CEO of Bulbul, Sachin Bhatia , will now take on the CEO role at The Good Creator Co.?The development came three months post the parent company investing ?200 Cr in the influencer marketing wing.

Story Courtesy: Indian Startup News

BUMBLEBEE

Are you tired of not having enough flexible workspaces in Whitefield? We are coming up with something new, inspiring, and exciting! Stay tuned to this section to know more...

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COMPOUND EYES

It's throwback time! We still remember theatrically watching Joker and sitting there for a few minutes in silence once the movie had ended. What an experience it was... what a true joy it was. Joker, the 2019 Todd Philips?psychological thriller?film based of the DC character, was co-written by the director with Scott Silver.

This stunner from the Hangover director starred Jaoquin Phoenix, who portrayed the character with a performance not many could rival! Set in 1981, the movie follows Arthur Fleck, a failed clown and aspiring stand-up comic whose descent into mental illness and?nihilism?inspires a violent cultural revolution against the prosperous of the decaying?Gotham City.?Robert De Niro,?Zazie Beetz?and?Frances Conroy?appear in supporting roles.

Phillips conceived?Joker?in 2016 and wrote the script with Silver throughout 2017. The two were inspired by 1970s character studies and the films of?Martin Scorsese, particularly?Taxi Driver?(1976) and?The King of Comedy?(1982). The movie became the first?Batman?film?to receive an?R rating.

Joker?premiered at the?76th Venice International Film Festival, where it won the?Golden Lion. The movie received widespread criticial acclaim and went on to gross over $1?billion, the first?R-rated film?to do so, besides receiving?numerous accolades, including the?Academy Award for Best Actor?for Phoenix.

A sequel,?Joker: Folie à Deux, is scheduled to be released on October 4, 2024.

If you haven't watched the movie yet, you're missing out on the best!

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