Cash is King- for Startups

Cash is King. Very important to remember especially 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 the 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.

All 5 Team members worked from their own homes.
Used online collaboration tools like Google Docs, Notion, Zoom, Trello, Bitrix.
Booked Golden Square's 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 a projector and WiFi.
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)
Used one of the founder’s residences for registering their business.

What would this have the 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	25	Cup	44	1100
Snap Office Membership Rs.3000/- year. Of which Rs.1500/- set off against services and space usage.	1500	Yr	1	125
Cost per Month				11,425

Rs.11,425/- 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”

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