Skip to main content

Cash is King- for Startups



Cash is King. Very important to remember specially when you are a bootstrapping startup. One big expense for any business is the office space. There are various ways to cut costs on office infrastructure, work from a garage, work from home, share an office. One of our members however demonstrated how to have best of both worlds, save office costs and at the same time have an excellent space for collaboration.


This team let's call them “S Team” for Smart Team. Did the following.


  1. All 5 Team members worked from their own homes.
  2. Used online collaboration tools like Google Docs, Skype, Hangouts.
  3. Booked the Golden Square Conference Room once a week for 3 hours for brainstorming and reviews. These are best done face to face. And the air conditioned conference room has projector and WiFi.
  4. Booked the meeting room, 2-3 times a week for meeting with clients, partners, vendors. To have a professional and productive meeting. (Cafes can be very disturbing)
  5. Used one of the founder’s residences for registering their business.


What would this have cost  per month:-


Item
Rate (Rs.)

Quantity
Per Month
Conference Room for 5 -Once a week for 3 Hrs each
600
Hr
12
7200
Meeting Room -  three times a week 1 Hr each
250
Hr
12
3000
Tea and Coffee
15
Cup
44
660
Snap Office Membership Rs.3000/- year. Of which Rs.1500/- set off against services and space useage.
1500
Yr
1
125
Cost per Month



10985


Rs.10,985/- per month for a team of 5 to have an office for collaboration and meetings.


This is what one of our members had to share:


“As a lean, bootstrapped Start-up, we wanted a decent office space on demand for our meetings/interviews and still save money. Golden Square Virtual Office Solution is the best in this category. It is not only affordable, but also comes with superior service. I would not hesitate a bit in recommending this to anyone who is looking to save money on office spaces yet get the benefits of managed office.”


Sathish
Founder, www.textnook.com


At Golden Square experience “Joy at Work”

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…

3 Office Design Concepts that People Love

A startup entrepreneur and a corporate executive have a similar set of tools, strategies and skills to execute their tasks. Yet, placing them in a similar environment and exposing them to the same ambience, may turn out to be counter-productive. Could this be because of the environment they are exposed to?

Office design is never considered a factor when designing spaces for employees. Like medicines that are prescribed as a ‘one size fits all’ concept, so too has office design been implemented so rigorously and dogmatically that it often ends up defying its very purpose. A number of research papers have proven that standard office design catering to a wide set of individuals, teams and companies often ends up hampering work, affecting productivity and harming well being in the long term.

Take the ‘open office’ concept which is so prevalent today. Initially conceived as a way to engage, collaborate and streamline work and increase transparency, this concept cannot be applied everywher…