Friday, 26 May 2017

Top 5 Locations to Set Up an Office Space in Bangalore

Bangalore is known as the IT hub of India. People even don’t hesitate to call it Silicon Valley of India. This city is not only famous for its IT companies but for its startups in different niches. Bangalore is a heaven for entrepreneurs and has equal scope for both startups and established businesses looking for expansions.
Bangalore is a truly cosmopolitan city and people here are filled with entrepreneurial spirit. Real Estate prices in Bangalore are more competitive than Mumbai and NCR. So Bangalore can be one of the most favorable cities in India to set up offices for your business.

Why location matters for a Business?

Either you are looking for an office space for your startup or office relocation for your established business, the first question comes in your mind is Location.
Business location contributes to your organization's growth. Closeness with the potential client, proximity to the residence of employees, amenities nearby and transportation facilities of an area are few important factors for deciding a location for your business. It doesn't matter that you are buying or renting office space, what really matters is where you want to operate from.

What are the options Bangalore has? 

Bangalore can be divided into 5 regions like most of the cities of the world. Here are the divisions with areas suitable for setting up the office space-
  1. Bangalore East – Marthahalli, CV Raman Nagar, Indiranagar and Whitefield
  2. Bangalore West – Mysuru Road, BEML Layout, and Kengeri
  3. Bangalore North – Nagwara, Hennur, RT Nagar, Yelhanka, and Hebbal
  4. Bangalore South – Koramangala, JP Nagar, BTM Layout and Bannerghatta Road
  5. Bangalore Central – Domlur and MG Road

So this is the topography of Bangalore. Now you can choose an area which best suits you, your employees and your business.

Best locations for office space in Bangalore

You should choose a location which best suits your business and your employees. Leasing or buying cost also plays an important role in deciding a location. You should analyze your requirement and come up with a location which suits your budget and all other factors. Sometimes it’s really hard to decide on a location.
So here we Top 5 locations of Bangalore for renting or buying office spaces–

Tuesday, 23 May 2017

How to Set Up an Office without Having To Spend Much?

Setting up an office space for a business is not a trivial task as it takes a lot of your time and money. While having own office space for a business is a milestone for owners and young entrepreneurs, it’s a known fact that it can go wrong sometimes and the result will be a drastic financial loss.
So, is there any way small businesses or start-ups can set up their offices without having to spend too much? Yes, there are!

Try Remote Work Model

Well, remote work model is not something new for people who’ve been in business for long time. Remote working needs no official place to sit and work for long hours, separate cabins, conference rooms and other typical office space stuffs. All that it takes is a little bit of responsibility from the employee, trust from the company hiring remote workers and high-speed internet connection.
However, the trust shouldn’t be a blind faith as there are a few workers who don’t take remote working seriously. But setting strict deadlines and monitoring on the project management tools or simply scheduling conferences on Skype, managers can always keep an eye on employees.
So, when does this remote working make sense?
All the businesses which are online service based can adopt this strategy of making their employees work from home. Just see if your employees can work from wherever they are. Most of the entrepreneurs who are result oriented follow this approach; all that matters to them is the result, but not seeing their employees daily.
What’s the use of employees coming to office daily but not working to their full potential? Doesn’t make any sense right? But you should never forget the downsides of remote working like employee’s productivity and time management.

How about Co-Working?

Many young entrepreneurs today don’t like the idea of co-working spaces at all. Hubs or co-working spaces are where employees can spend most of their time working as they want. Co-working spaces have basic amenities like high-speed internet connection, cafes, libraries and all that one would look for to carry out his/her business operations.
Why don’t young entrepreneurs like the idea of co-working? Probably they’re forgetting some benefits that co-working spaces have got to offer.
Most likeable thing in co-working spaces is that it gets you meet a few like-minded people around. It offers you the greatest opportunities to build your network which lets you expand your business greatly sometime later. Also, you don’t have to be concerned about the maintenance and think of all those legal procedures to be followed while renting and leasing offices space where you’ll have to go around, search for spaces, redesign the place if it’s not matching your requirement.
But co-working is not everybody’s cup of tea; it won’t work for every company. If your employees are used to be working in a quiet environment, drop the idea of co-working right now.