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

The Serendipity Mixer at Golden Square

Serendipity: The unexpected good luck

Introducing the Mixer at Golden Square, a platform to meet like-minded people with similar interests, well it is all about Serendipity! How interesting could it be to make new discoveries that might lead to new opportunities and eventually to friends and collaborations? Yes, it is a lot of fun to share, connect and grow.
To give serendipity a nudge Golden Square is allocating spaces in terms of business interests and hobbies, the idea is for people who share common passions get in touch with others and explore the corners of new business opportunities.
We also have a space to share your pitch to Golden Square team so that we can connect you to Golden Square members who might need your products or services. Golden Square Team actively facilitates these connections to help Golden Square members get more done quickly.
If you would like to block a topic which you would like to coordinate go ahead and block a space while registering.
Date:- 6th April (Thu)
T…

Will I miss my flight?

To most of the city, it was just another day. Work went on at the Vittal Mallya Road branch of Golden Square just as usual, despite the sudden showers. The construction work at UB City blocked the roads, as it had for weeks now, but this didn’t hinder the flow at Golden Square Serviced Offices. Even lack of parking space had a quick fix in their hands. Mani was given a car to use as a shuttle, driving people to and from Cubbon Park, where ample parking space was available.


Yet, on this day, efficiency wasn’t the exact word of choice on the mind of one particular man. As I said, for most of the city, it was just another day, but for Mr. Bhaskar, this day was turning out to be a nightmare. Even though his flight would depart in about two hours, he was nowhere near the airport yet, not even on the road! He was still stranded at his office at Golden Square. You’d think that getting to the airport wouldn’t be the most difficult task in the world, and Mr. Bhaskar isn’t a sloppy man either. …

Golden square now at the Central Business District – Golden Square

Imagine our grandparents walked into any of our offices right now, they’d for sure wonder how we get any work done at all. A lot of successful organisations today work in a very different way from the firms of earlier days. Dress codes are non-existent, ‘Good morning Sir!’ and ‘Goodnight Ma’am’ have been replaced by ‘Hey Bud!’ and ‘See ya June!’ and long formal emails and meetings have given way to concise text messages passed on across chat groups on different social medias. However, the new generations of tech-savvy, internet-empowered employees have forced companies to modify or even eliminate policies that haven’t been touched for decades. But coming to the bigger picture, has any of this really managed to change the corporate workspace? And are these changes justified? We must say yes! Co-working spaces have brought in so much ease into the life of Millennials that working is now fun and innovative. Golden Square being one of the top co-working spaces across Bangalore is constantly …