Optimize your costs by choosing a Grit Coworks

Office space costs take good numbers on a PnL. Its important to choose a space that not only suits your
 all requirements but also makes a good financial sense, specially for small businesses and startups. 

Pros and cons of coworking spaces

Any start-up during its seeding period has to struggle a great deal to generate sales thus covering costs 
that went in the time to market phase. This situation may lead to a high risk of shutting down the 
business due to low or no productivity, failed business plan of the firm. 

Following are some statistics which shows that coworking space always favors start-ups and small 
business enterprises:

  1. The cost of maintaining pantries and open area is approximately 12,000 per month.
  2. The coworking space turns out to be cheaper by 60-75% if there are less than 30 employes in 
    the firm.
  3. About 35% to 55% of the workforce do not need their own office in any business.

Hence, it completely makes senes in these times, the renting out of shared spaces at low cost for official 
operations. With coworking office spaces, professionals can leverage immense productivity at a fraction
 of the cost of full-fledged office set up.

Coworking Space vs Office Space Rent and Other Fixed Costs for start-ups and other small 
business enterprises
Below is a comparison chart that shows a clear difference between coworking space vs monthly office 
space rental fixed costs.

Business Costs

Rented Office Space

Coworking Space
Internet Bill
Stated below are some of the best ways that shared working space can be  greatly helpful for start-ups, 
costing them less in their first step of establishment:

1. Convenient pricing
An ideal choice for a smart startup or enterprise that doesn’t want to shell out huge rental or upfront 
office space costs is a coworking space.
The sharing spaces Opportunity for  them with a very helpful economical option. As the pricing 
structure is very flexible this is possible.

2.Rent issues
The prime advantage of this coworking space is the cost efficacy of rentals. The rent of the entire 
co-working space is not a burden on only one individual or organization.
All the firms, which get dedicated office spaces and workstations on a rental basis, together with bear
 the rent of the entire space. This saves a lot of money that can be utilized for other productive proposes.

 3. Costs in separate workplaces have the following. But in case of coworking space, all these costs 
are included at once,
  • Decorations and Furniture
  • Power supply
  • Internet services
  • Manager handling network
  • Janitor
  • Access and. Security
  • Insurance
  • Office Manager

4. Office Setup and Maintenance Costs – Even if one rents an office instead of buying it, he still needs
 to furnish it and install all the fixtures and furniture. You need to buy computers and software, you need
 to hire people to manage, maintain and clean the office space and the computers and everything else. 
This required  a significant amount in setup and monthly costs. This type of cost is waived off in cowork
ing space.

5. Depreciation Costs – The variable factor there is that the things you buy depreciate in value depending 
on usage. In a coworking space, you don’t have to worry about depreciation because it’s on us. Note that 
we also spend heavily every year on upgrades and new furnishings to make sure the place looks new and 
everything is working properly. 

 Thus, to sum up, we can say that Co-working is an ideal solution for startups, small business enterprises 
and companies that aim at cutting the overhead costs.  An economical workspace or a budget cowork can 
fulfill the needs of these start-ups. The various costs saving options mentioned above can result in a 70% 
drop in the current occupancy costs. The commercial owners, who have just entered the business market, 
may thus find it difficult to afford and maintain their own personal offices. So, coworking is the best option
 for early-stage startups, SMEs and corporate branch offices that are struggling to get their work done 
while balancing visibility, sales, and office space requirements within limited funds.

Grit Coworks fulfills all the above criteria it is suitable for start-ups and small business enterprises and 
companies. If you or someone in your network is looking for a perfect coworking space then surely reach
 out to us at contact@gritcoworks.com

We are located in HAL, location. For understanding more, you can have a look at images.

Apart from this we are also located in Whitefield & MG Road.

Come and work with us, GritCoworks.com

Call / WhatsApp: 091–8310894031

#cowork #grit #Office #HAL #Indiranagar #MGRoad #Whitefield #Bangalore #PrivateOffice #Cabins


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