Skip to main content

How to select the right office for a start-up?

"Cash is King" for a Start-up. Yet often one of the first things entrepreneurs do is spend precious money on setting up their office. Not only does a new office require capital, which is scarce for a start-up, there is a monthly fixed overhead which can be a drain in the early stages. Precious Cash needs to be focused on customer acquisition, product development and team.

Open Meeting Tables at Golden Square Koramangala
So what is the smart option for an office? Well simple, work from home, or a garage, or get a friend to offer you an office space. Figure out all possible ways to reduce costs. Nowadays it is quite easy to work from home, do meetings online and collaborate with team members. However there are things for which you do need a professional office space, like client meetings, team meetings and so on. For these you could use meetings rooms in Business Centres.

Golden Square for instance provides meeting tables, meeting rooms and conference rooms to its members. Very reasonably priced. Just Rs.80 / hour for a open meeting table, Rs.250 / hour for a closed cabin, and team meetings can happen in a conference room for just Rs.600/ Hour.  The Snap Office website has more details.

Conference Room at Golden Sqaure Koramangala
So some of our start-up clients work form home and block conference room time twice a week for their team meetings. They do all their planning and review comfortably, since the conference rooms are equipped with projector and Wifi. In this way office overheads come down drastically.

Some businesses need a lot more co-ordination happening between team members, in which case from a productivity point of view, they do need an office. Golden Square provides team spaces which work out 50% cheaper than having one's own office specially if the team size is around 5.

Here is an article which gives an idea of how to figure out how much different office options cost. 





Comments

Popular posts from this blog

CORPORATE TAKEOVER OF CO-WORKING SPACES

In the last two decades, co-working spaces have undergone a sea change in infrastructure and functioning. From small, crowded rooms with people hunched over desktops, to large, well-appointed spaces that bring together a collection of people across industries, these places have truly come of age. There was a time when entrepreneurs and start-ups were the ones who opted for them. Today however, large companies form part of a significant chunk opting for them as a viable space option to run entire teams and business verticals.


Startups have always gone for co-working spaces, and the reasons for it have always been obvious. Lack of financial resources, the pains of starting up, the effort to do more with less yet give the team a place they can call their own made such spaces a viable work option for companies who were just starting out. It helped give them access to new talent across industries, helped them mingle with fellow entrepreneurs, incubate ideas and helped foster a sense of com…

India Japan Startup Community- Pitch event: Summary

To create a platform and ecosystem for startups, India Japan Startup Community in collaboration with Golden Square who are into Co-working spaces, hosted a pitch event on 10th March, 2018. Ten Startups got a chance to pitch in front of 14 Japanese Investors and 2 of Indian Investors as well. We are proud to say that among the 10 Startups, 3 were Golden Square Co-working Space Members.

The event was graced by Mr. Takayuki Kitagawa, Consulate- General of Japan as the chief guest.

It took over a month to plan just the event day. A lot of preparations and the support of volunteers led to the successful event with rehearsals, among various other things. The three startups from Golden Square who gave their pitch were:


1. Svingo

2. Bookmytrainings.com

3. Pristinesoft



We wish this is just the stepping stones to all the good things this community and our collaboration with them is going to bring. IJSC plans to do 3-4 events a year to create a regular platform to reach the investors with innovativ…

Say NO to traffic jams! Have an office in the Centre of Bangalore: Without the pain of traffic jams!

Blaring horns. Bumper to bumper traffic. Road rage… Bangaloreans have resigned themselves to these necessary evils as part of their daily commute, assuming there really is no choice. We beg to differ. You can say goodbye to traffic woes if you have your office in a strategic location. Like our new branch Golden Square CBD-South., which lets you have the best of both worlds: a prime location (after all we are in the Central Business District!) yet an area that allows you to beat peak traffic if you are living in South Bangalore.

Located just off Double Road, close to Lalbagh South Gate, near the Shanthinagar bus station in Wilson Garden, Golden Square CBD-South is at the beginning of the Central Business District for those coming from South Bangalore, ( Jayanagar, JP Nagar, Basavanagudi, Bannerghatta Road, etc.) Reaching this branch from these locations is smooth. So coming to office and leaving office can be a breeze if you live in South Bangalore, since the peak traffic jams happe…