Why setting up an office in a business centre is profitable for a business?

The basic requirement of any business is an office wherein all the employees can collectively sit together and function. In the modern day competitive business era, owing an office is as important as managing the costs of maintaining it. Be it a small business enterprise with not more than 10 to 15 members sitting together or a group of 100 plus employees working together for a single company, keeping a check on managing the overhead costs is equally significant.

Business centres are, in general, referred to as commercial premises wherein many businesses occupy spaces within the same who do not want to invest their money on setting up an office space of their own immediately. Owning a business property usually involves getting into a long term property lease, which many of the companies do not favour as a business decision owing to fact that they may shift to a different geographic location or may need to expand with the growth in business.

Setting up offices in business centres has proved to be advantageous for many of the business entities, both big and small. Since the business centres are not fully owned by a single business entity, the business owners have the liberty of paying as they use. This helps them in reducing the many overhead costs, not investing in the infrastructures and sharing of costs whenever required. The internal layout is already set and the minimum requirement for the functioning business is only space branding.

Many entrepreneurs are known to prefer setting up offices in business centres keeping in mind the fact that the size of the employees may grow or reduce. Small business entities prefer taking up smaller office spaces that is enough to accommodate their team and has a meeting room to discuss, while the mid-sized or bigger entities prefer taking up half or the entire floor to themselves and set up various facilities that they need not share with others.

The infrastructure of the business centres are carefully and strategically planned. They involve personal cabins for the business and the associate heads, meeting and training rooms, personal hygiene areas and employee seating arrangements. These areas are fully IT enabled and are provided with complete business services such as housekeeping, hospitality, pantry and refreshments, air conditioning and similar other facilities.

Another major advantage of setting up an office in a business centre is that the common renovation and other expenses are shared. Be it renovating the common reception area or any building infrastructure work, every business functioning out of the business centre are liable to share the costs.

Business centres are very common in the metropolitan cities in India such as Delhi & NCR, Bangalore, Mumbai, Kolkata, Hyderabad, Chennai and Pune. The major business centres in Delhi such as Delhi Business Centre, Apeejay Business Centre, BMS Business Centre, U&I Centre and Paharpur Business Centre are the most common ones which has some of the leading business entities functioning out of these centres

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Serviced Offices Gurgaon

Gurgaon is the upcoming business hub of India. Every day a new high rise is coming up on the rugged land of Haryana and these buildings house many leading companies. The multinational companies are opening more branches in this area. As a result, there is an influx of housing complexes as well. On the whole, Gurgaon situated in the National Capital Region (NCR) is undergoing urbanization at lightning speed. Office space is high on demand and at the same time services offices Gurgaon are equally popular. So, these days many builders are erecting offices with provision for serviced offices as well.

If you are looking for serviced offices Gurgaon, you should know what are the facilities that will be given to you. For that, a little homework would be required. Usually, signing contracts come with:

-          Prime location

-          Fully equipped office space with state of the art techniques of video conferencing and IT

-          Flexible lease terms

-          Price within budget and transparency in the cost

-          High speed internet connection

-          Free of cost support staff, stationery services like printing, scanning and copying, tea and coffee.

-          Accessible 24x7

-          Price includes maintenance charges, entry fee, access card charges, electricity bill and signing charges.

-          A particular number of parking space.

These are the services that you are usually entitled to get when you look foroffice space in Gurgaon. However, some may offer extra facilities omitting some of the services mentioned above.

These offices let you have a professional look from the very first day of your business which plays a key role in establishing yourself in the industry. When a client visits your office, he or she should get a picture of getting work done efficiently. A spic and span office reflects the same. All these amenities work as wonder for the newbies who have started new venture. In absence of expenses like rent, advance or down payment in case of purchased property, initial capital required to set up a new business comes down which is a big help for upcoming entrepreneurs. At the same time, they couldn’t have afford such highly esteemed office space at the business centers in prime locations whereserviced offices Gurgaon are located. So, it is a win-win situation for them.

Real estate wise Gurgaon is a strategic location as it is one of the four satellite cities New Delhi has. It is due to this factor, it has been decided to groom Gurgaon as a business and finance hub. And on any day, it is an honor to start your business venture from such a place. Even a few years ago, it was a long distance dream, but with serviced offices, you can touch and hold it with both your hands. 

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Managed offices

Businesses need office set up, especially the flourishing ones. For small yet expanding businesses, managed offices are best options. In this set up, landlord sublets a part of bigger office space and thus ideal for you if you have only a handful of employees, you do not need multiple conference rooms and you cannot payout a hefty rent every month. But before you look for a good office space and work towards its establishment, there are few factors that you should always keep in mind. These factors play a very pivotal role in smooth running of your business through the office. Some of them are:

-          Is the office chosen by you is in a well located?

-          Are there proper public conveyances to your office or allotted parking space for your visitors?

-          Are you given the freedom to design it as per your convenience?

-          And most important, is the rent you have agreed to pay is worth?

Managed offices will showcase your professional attitude and ambition to your potential clients. And mind you, this is the first impression matters most in these situations. When a client walks into your office to find a zeal to work in an organized way, they decide many things even before he reaches your cubicle and talk to you. You will surely not want to start your talk with a negative impression for you from your clients’ side. This is where prim, proper and precise offices work for you- creating a positive impression for you.

When you are shortlisting a good office space for you, serviced or managed, make sure it is a good meeting venue. A lot can happen over meetings, so its venue has to be comfortable, professional and positive. Signing or denying a deal happens in the meetings only. So, when you are looking for an office space for you or designing its interior, give utmost importance to this segment. It can be a determining factor for the success of your business venture.

Ideally, the electricity, heating, light and water fittings and bills are taken care by the leasing office or property managers. If the office space provided to you does not include these amenities, explore other choices as well. These days, when storage is outsourced and soft copies of documents are maintained,managed offices with petite space is what tenants look for, thus you will never fall short of options. Go for the one that suits your requirements as well as budget. There are circumstances where some of your needs must have to let go in order to prioritize something else, for example more rent for better location, lesser amenities for number of parking space etc. In these cases, make choices sensibly because it will go a long way along with your business.

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Serviced Offices in Mumbai

Mumbai is India’s business capital and thus has immense prominence in the world map. As a result, it is a much sought after place to reside and work. People from every part of the country come here to give their luck a desperate try. Thus, the demand for office space as well as housing in Mumbai is very high which is difficult to meet. This disparity in demand and supply has sky rocket rent and property cost. To tackle with the ever increasing rent of office space in Mumbai, the concept of serviced offices is gaining popularity. This is a brilliant cost effective solution to the problem of office space where the whole system of your business is on ‘work from home’ structure and on special occasions like interviews, video or teleconferences, a fully equipped office is hired on daily basis.

It may sound weird but it is the latest trend in the job industry today. Internet has enabled us to stay connected which is the first priority of the work done. So, entrepreneurs have dissolved the physical office set up and started working on ‘work-from-home’ structure. So, now the employees log in from home, café, restaurant or wherever they have internet connection. Increasing wi-fi zones all over the city has given boost to the demand for serviced offices Mumbai. With virtual offices, the establishment cost for rent/EMI, electricity and other utility bills, salary for orderlies and peons etc can be well adjusted. And when some kind of meeting or teleconferencing is required, a highly esteemed office, properly equipped with all kind of amenities can be taken on rent.

Usually, there are certain facilities that come complementary with serviced offices Mumbai. Support staff, copying, scanning and printing, air conditioning, etc are taken care for a day by the office providers themselves. There are many benefits of these kinds of offices. For example, employees can work from any place and any time. This gives them flexibility. Since travel time is reduced considerably, effective time given to the work is much higher and so is the quality. They take less leaves due to the flexibility of location. Initial capital required to start up a business becomes very low as there is no physical office for which you will have to purchase property or take one on lease.

Even with serviced offices Mumbai, entrepreneurs need an address to register for everything. The address of the offices where you hold your meetings and conferences are used for this purpose. Serviced offices can take care of all your problems. So, if you are a Mumbaikar yourself or have arrived here to try your luck with business, avail this novel idea of virtual office. At least you will have little to lose. 

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Things to Know About Video Conferencing

Video conferencing has a very long history of origin. Even television can said to be a kind of such conferencing. But the one that we come across in our everyday life is comparatively a newcomer in the picture. And today it is such an integral part of the corporate world that no company can even dream of augmenting their businesses without utilizing this technology.

World has transformed into a global village. The periphery of all kinds of business has surpassed geographical boundaries. It is not possible for representatives from each country or even different cities within a state to participate in meetings held in a corner of the world. Technology of video conferencing proves to be extremely helpful in bridging the national and international boundaries and bringing them together. It saves resources and time- the most fundamental factors around which the corporate world revolves. Thus it can be said to be a revolutionary mode of communication. Now, no matter where the conferences and meetings are held, bearing the cost of guests’ accommodation and conveyance can be ruled out with the help of conferencing over internet.

In the present scenario, the business world has all kinds of organizations of all sizes. But for small enterprises, it gets impossible to host such meetings because office space they have do not allow them to have separate video conferencing room, conference room, meeting rooms and so on. So, if a virtual office is set up which is equipped with these state of the art technologies including projectors, high speed internet connections, hi-definition screen etc, then even the most basic office can host the most high profile meeting without agonizing themselves with these worries and without fishing a large amount of their finance in organizing the meeting in real.

So, if you are to choose the right kind of video conferencing solution for you, you need to know your requirements specifically. The bandwidth and equipment required for holding conference within the same building or town will be basic compared to the conferencing different countries across the globe. Your choice of solution should be based on your requirement. Do not buy stuffs you will not need. If required, consult an expert with technology.

The broadcast reliability will be determined by your network. The web based conferencing system needs IP interface thus come with it in-built along with an option of ISDN. Make sure your network solution is compatible with your conferencing solution. Clarity is very important in long distance meetings. The camera required for an auditorium has to be more powerful than the camera required for a small conference room.

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Serviced Office in Noida

As the cost of real estate is going high and high, concept of serviced office in Noida is getting popular. For a newbie business owner as well existing small and big entrepreneurs, this is a great way to reduce their expenditure. Buying or taking a full-fledged highly esteemed office space and maintaining it with paying hefty bills leaves them broke right at the beginning of every month. Even a few years ago, it was thought that there is no way out other than continuing with it. Fortunately, things have changed over years. As the internet has enabled making connections all over the world, the concept of work from home, along with virtual office,has revolutionized the professional world. Let’s elaborate it here.

In India, real estate sector is seeing it’s all time highest boom. Property price is becoming unattainable for most. Rent is also increasing perpetually. Most of the small business owners are finding it difficult to have a physical office that will be completely equipped with sufficient numbers of conference rooms, meeting rooms etc. Under such circumstances, there is a trend of dissolving the office, instead starting the venture on remote working station structure. It means employees will work from home though will be permanent staffs. There will be address of one office where the video and teleconferences, meetings, presentations, interviews etc will take place. Thus, the rent paid will be very little and expenses can be cut down. This is the reason that serviced office in Noida is emerging as a popular concept.

To maintain a fully furnished, well equipped and decent office space in Noida, you will need a really strong financial back up which is not always possible to have. Also, since it is business, turnover is not always same. There are months where profit margin is relatively low yet rent or EMI has to be paid on right time. These are issues that are to be handled by the business owners apart from tackling their respective business. Serviced offices have come as a great solution to such problem. These are ready to use customized offices that come with complementary services like air conditioning, lunch room, photo-copying, printing and scanning, net connection etc. Often you will get a team of support staffs who will handle your calls.

With this cost effective service, starting up new business has become easier because with serviced office in Noida, the need of initial capital is reduced substantially. Though you will have a registered office at esteemed area or building, you will be paying very little for that. So, now even with little capital you can explore and venture small business opportunities and generate livelihood for yourself as well as few others.

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Office Space on Rent

To run any kind of business, big or small, you need office space. It is purely the decision of the business owners whether they want to rent the property or buy it. Both have their own sets of advantages and disadvantages. But for beginners, taking office space on rent is a better idea because first of all, even after including advance and establishment expenses, the initial cost is quite low as compared to purchased property. And whether you want your property to be big or small is determined by your requirement and kind of business you run. Here are some easy tips to choose the right kind of office space on rent.

1. Start with location. Office space has to be well positioned and well connected. Your employees, visitors, potential and existing clients, couriers and mails should reach you easily. Off route locations may prove to be disadvantageous for your business. Also, your location should be according to the kind of your business. A law or consulting firm’s address should be in the financial hub of the city but even a high profile computer repair shop would run best in the bustling market place.
2. Next comes the size of your property. If you are small entrepreneur with fewer employees and requirements, look for small office space on rent. Large office will only exhaust your resources in terms of rent, utility bills, tax and so on. But mind you, if you expect regular visitors, space should not be crammed either. Taking help of interior designer for space management would be a professional and cost effective way out.
3. Look for the amenities offered by landlord. Your priority list should include elevators, parking areas, close to public transportation and few decent eateries and a hospital or nursing home nearby. If your budget does not allow you to rent an office on prime locations, make sure you have these amenities handy among the available options.
4. Be sure of your requirements and never take it for granted that your agent will offer you a package which would include everything. If you have ten employees, make arrangements on the basis of that. If you don’t expect your clients or visitors to bring their own vehicles or have a public parking lot close to your office, rent parking areas for only few cars.
5. Whether renting or buying, all deals should be on paper. Verbal agreements do not stand chance legally in court.

These are few but basic points to consider when you are looking for a decentoffice space on rent. The economic downturn in recent past has taught us a priceless lesson of spending sensibly and saving for rainy day. So, play safe with renting office and consider buying one once you plan to expand your business.

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Finding office Space in Bangalore

Bangalore or Bengaluru, a major hub for business and working people is the capital city of Karnataka. Popularly referred to as the Silicon Valley of India, Bangalore is one of the main locations that attracts businesses and job seekers alike. Bangalore, for many, is a dream city to live in, more for its pleasant weather conditions and availability of resources.

The city has been expanding largely since the past two decades owing to the growing number of moving population in the city. The locals in Bangalore account for only 42 percent in comparison to the other regional people who are known to have moved to this city for job purposes. The real estate market in Bangalore is fortunate enough to get clients who seek both types of properties.

Bangalore is known to be the preferred location for the budding entrepreneurs who believe that it is beneficial to set up a business in this city due to the availability of office spaces and other required resources.

The offices in Bangalore are available in various areas such as Whitefield, Marathahalli-ITPL, Bannerghatta Road, and Outer Ring Road amongst many others. These are some of the major commercial areas that have attracted many corporate houses to set up their businesses in these areas. These locations are conveniently located at areas where commuting is easy and finding residential accommodation is also possible. The availability of these offices in Bangalore can be found and tracked through the classifieds sections of Yellow Pages and newspaper advertisements. There are brokers and private property agents who release advertisements in internet portals with details of the place and the amenities available. There are many corporate houses who prefer to find employee accommodation near to the office so that it becomes convenient for the employees to travel to the office without much problems. 
Commercial office places, when taken up by the corporate houses, are provided in a package deal. These deal, in general, include rent, services and facilities, electricity and air-conditioning, etc. Bangalore office space for rent are available in all kinds of sizes and the packages, hence, vary according to the same. The smaller office spaces would be charged less in terms of rent and other facilities while the mid-sized and large companies need to shell out much more. This, however, is much more cost-effective than setting up offices in standalone structures. Choosing an office space depends on the organisation size, the budget, parking options, facilities and amenities available, and largely on the layout of the floor and the building.
Many organisations take office spaces on rent or at lease so that they can let go off the property without facing any legal hassles. Since Bangalore caters to many industries, the commercial office spaces are more preferred and used.

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Corporate Training Programmes can turn an employee into an asset

For any organisation to grow, employees must be empowered to grow. Employees are the best assets of any organisation and each of them need to be nurtured to take up additional roles and responsibilities beyond their usual skillsets and grow as a future leader. Many organisations, during the time of recession, released many employees due to the fact that they are not able to manage their expenses and the most resourceful employees were retained back. This, while on one hand created a lot of stir with many employees losing their jobs, on the other hand, the organisations realised the value of strengthening the employee pool with skills so that they can be used for multiple roles and prove to be an asset for the organisation.

Corporate training programmes are a popular trend in many of the organisations which operate from different locations and need employees to travel to different locations and work. For the benefit of both the employee and the organisations, conducting quality training programmes will reap in good results in the future. Corporate training programmes include all types of training modules that are recognised by both the specially designated training room, the HR and the individual managers. These modules are mainly conducted in a batch of 15 to 20 employees at one time in a specially designed training room located within the organisation.

Corporate training programmes are not regular programmes and need proper arrangements to be done. Many organisations, which value the importance of training programmes for employees, make sure that they have training rooms in their offices or they are known to conduct the same in the already available meeting rooms. However, the problem with meeting rooms is that most of the time they are blocked for meeting with clients or internal discussions. Since training programmes are usually meant for a long stretch of time, it is not possible to get meeting rooms. Many organisations which function out of smaller offices prefer to hire training rooms in other locations wherein they set up the rooms with their required tools and conduct the sessions accordingly. This is mainly noticed when training programmes include outdoor activities as well as activities such as role plays or interacting in groups.

Training rooms are usually spacious and give a warm feeling to the trainees, to make them believe that these programmes are meant for their benefit and with these programmes, they can ensure themselves of self-improvement. Many organisations are known to prefer conducting training sessions by the external trainers who may request separate set of logistics that are attuned with their training programmes. In such cases, it is better to get in touch with companies which offer logistics on hire for a particular span of time and make the training programmes work out well.

Employees, if assured of growth through internal improvement programmes, will show interest in attending these programmes and will prove to be an asset for the organisation in the future. 

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Why setting up businesses in serviced offices is good business strategy?

Strategies play an important role when it comes to taking the right decisions. Be it in your personal life or professional life, taking any informed decisions involve thinking through the pros and cons and understanding the situation properly. When any business head has to decide on setting up a business, he or she needs to think all aspects of the business. Starting with the product and service that they will be developing and offering, the number of people required to set up the business and function and finally the associated costs. In the present times, it is not easy to set up a business in any place that the business head might like. It involves many other factors.

Any office must be strategically located, which is easy to commute for all the employees as well as the clients for meetings. If they are standalone offices, they must be conveniently located so that the basic amenities are readily available for them. They must be spacious enough to accommodate all the members of the organisation and have enough room for clients to come and meet or discuss issues. Standalone office may incur many additional costs such as rent, daily management and maintenance, house-keeping, pantry services and hygiene. This may add up to the regular costs of the expenses that the organisation may be incurring regularly. Setting up an office requires investments that are non-refundable and must be thought through carefully.

If evaluated and analysed properly, these costs can be effectively managed with the businesses are set in the serviced offices. Metro cities in India have many commercial business complexes which have many businesses setting up their offices along with others. Take for instance, the serviced offices Delhi, say around the areas Connaught Place or Nehru Place or Saket, are popular and most preferred for any small or mid-sized organisation. These serviced offices have trained housekeeping staff who works for all the businesses equally, the rooms and the office areas are spacious enough to accommodate various sizes of people, the electricity and the air conditioning is centrally managed by the office administration team, has a common reception area that serves to all the clients for all the offices, has facilities such as refreshment areas, conference rooms and photocopying and similar others.

The same is noticed for the office spaces in Gurgaon wherein many of the leading businesses are set. Since Delhi & NCR and Gurgaon are some of the leading places where it matters to set up a business to grow, the preference for office spaces in commercial business areas are more. The serviced offices in Gurgaon or Delhi are mostly furnished with modern furniture designs, are spacious and have many facilities that they need not bother about separately. This has helped immensely both the business houses and the commercial builders in a very big way and contributed largely to the real estate sector in India. 

Get more information on: Serviced Offices Delhi