To begin with, shared offices are usually urban-centric. They are located in a prime business district, close to commercial establishments, restaurants, and entertainment centers –a perfect fit for millennials who like to work hard but also like a good social life. Shared office spaces in Andheri are the workspaces of choice for this reason.

The cost, of course, is a major consideration. We are talking about a target audience who are entrepreneurs, start-ups, individuals who have decided that they would rather work for themselves than for a corporation. While their creativity, gung-ho spirit and determination are great assets, they usually lack funds to get their business going. Shared offices come as a godsend. Buying or renting an office would set this group back tremendously – in fact, most of them cannot put down the large sums needed. With a shared office in Mumbai, for example, you just have a membership cost and have to put down a reasonable deposit, which makes it far more affordable. So you have a good

business address and don’t have to pay an arm and a leg for it. Besides, you don’t have to make a longterm commitment. You can lease a shared office for a very short period – for a month or even a day, if necessary, This is a very attractive proposition for people who don’t yet know where their business is heading and want flexible terms.

Then there is the convenience of a complete infrastructure that someone else takes responsibility for. You don’t have to worry about maintenance and the daily hassles of running an office. It’s all taken care of. All you have to do is sit down at a free spot, plugin and start working. Moreover, you can have the best of both worlds. When you want the services and facilities of a regular business center, you can get them on a pay-by-use basis. Business centers in Mumbai offer a range of services and facilities for shared office users.

Ask a millennial what turns him or her on about a shared office, and they will most likely say it’s the networking opportunity it provides. There are people from all walks of life and from all demographics working right next to you. And it’s a floating group. You meet different people every day. You interact.

You talk over a cup of coffee. You exchange ideas. And one thing leads to another. In many ways, it’s better than belonging to a networking club – and it’s for free.

Shared offices are becoming increasingly popular. Their numbers are rising exponentially. The driver is the new mindset that resists the traditional way of working. Corporate hierarchies and the nine-to-five mentality are taking a backseat. Instead, you have a self-driven and self-motivated workforce that

works on its own terms, when and where it likes it –and gets results.

The remote worker, the entrepreneur, the millennial professional …they have found in the shared office the ideal place to work. It’s new, it’s happening and it’s really ‘cool’.

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The place you work from plays a major role here. If you work from home—or a coffee house—you risk being seen as not very professional. The informal, ‘homey’ image is not very advantageous specially when you are starting out. Of course, those who are established and have a ‘name’ in their field, do not have this problem. But for newcomers, establishing their credibility can be a difficult challenge.

It can be a classic chicken-and-egg situation. You can’t establish your credibility unless you are already in business, and you can’t get your foot into business without the requisite credibility.

Opting for a good business centre from which to work could prove to be a smart move. Business centres in Mumbai that are well-established can be a godsend to newcomers. Their roster of clients will help add to the credibility of the newcomer through association. It will make it easier for him or her to establish their credentials.

A startup who opted for shared office space in Mumbai says: “I was unknown—an X-factor—in business. But by joining an established business centre in Mumbai, I was seen as a credible entity. I improved my reliability factor and had more success with my business venture.”

Agrees another new business entrant: “I took shared office space in Andheri. It proved to be a wise decision.

My name was among a list of trusted clients. From this point on, I was seen as more reliable and trustworthy. It became less of a problem to present my case, and I actually won the project over my competitors.”

The office space you choose could well be the ace you can play to improve your credibility in business.

The post Credibility can be Your Ace with a Well-Chosen Office Space appeared first on DBS Blog.

During the first half of 2018 shared office space had already reached a total footprint of 40 million sq. ft. In India major cities like Bangalore, Delhi, Mumbai, and Kolkata. The market for shared offices is growing in India’s leading cities.

DBS India is the leading shared office space provider, we have perfect offices for your new business model, which can provide a new face to your company. We have shared office or coworking space in Kolkata, Mumbai, Hyderabad, and other prime locations in India. Buying and renting a personal office at prime locations in metro cities is very costly and when you are new in the market you don’t wish to invest much and get strangled in long-term contracts which might turn into a burden if things don’t go according to your plan. Renting shared office space at prime locations at an affordable price will not only boost your confidence as a new company but will also help you save money which can be used to invest in the business to increase the potential of your company.

Shared office space also helps you meet new people who have new ideas and allows you to interact with people from different companies when you have free time. DBS India allows you to rent space as small as a personal cabin to office space that can hold around a team of 30+ easily.

DBS India is here to motivate young entrepreneurs and is happy to provide a place where young minds can come under one roof with their new ideas.

For more information on India’s leading shared office provider, visit DBS India today.

The post What is this Trendy Shared Office Space Anyway? And Why It is the Future appeared first on DBS Blog.