Ending Soon! Save 33% on All Access

#5 Upcoming Trends in 2017 that Co-working Spaces Should Prepare for The co-working spaces provide a comfortable working environment, besides taking care of other factors like flexibility and cost effectiveness.

By Nidhi Singh

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Pixabay

The number of co-working spaces has increased considerably in India and abroad in the recent years. What apparently started as an experiment has, with time, attracted many start-ups and small and medium-sized enterprises (SMEs) for its cost-effective facility. Even big companies are slowly embracing this unique concept. The concept of a usual workplace has undergone a complete transformation. Compared to traditional offices, the co-working spaces provide a comfortable working environment, besides taking care of other factors like flexibility and cost effectiveness.

In a conversation with the Entrepreneur India, Amit Ramani, Founder & CEO of Awfis, shared his views about this year's upcoming trend towards opting for co-working spaces. The facility is working wonders for start-ups, which are looking forward to scale up their business and are ready to function from a co-working space.

Concept Of Workplace Will Change

"The notion of work itself will change and so will people's way of perceiving desk related work. Wearable tools and technology will ensure that you really don't need to be physically connected to a laptop. Instead, you could use your Google Glass to do your work in advance and be a little ahead of time. I can wear this tool of advanced technology and get my work done," he said.

Workplace Design

"Earlier, I had to arrange for a desk and chair in tandem with the concept of working that tells you need a desktop. Now, with laptop you have the freedom to work for hours in a relaxed posture as it's wireless. Before 2000, it was all about the hierarchy. From 2000 to 2010 the conception of collaboration started gaining acceptance. So team work and collaboration came into play," he highlighted.

Choice Will Become Important

Today, an employee is at the center of attention and a workplace should be designed the way employees want it to be, Ramani said. "This is precisely the reason why giant companies like Facebook and Google have desks in their offices, but also have bean bags for their staff members to laze around. The work will change to become employee-driven. So workplaces will be designed keeping in mind employees' comforts. The office atmosphere should be adaptable so that if I want to sit on a sofa and work, I should be able to do that," he opined.

Create a Network of Spaces

Ramani said, "A network of spaces has to be created. If my business is in the South- Ex area, I need to have a co-working centre in South –Ex. Multiple centers should be built across the city. The network effect will be important because people will not like to waste time commuting," he added.

Co-working Category Will Not Have Few Big Players Within Its Ambit

"When we started two years ago, there were four co-working spaces, today there are 115 in the country. The fact is that even if a landlord gives you free space, you have to pay for the lights and furniture. Ultimately, I feel that only a few big boys will not come under this category as it happens in every case. Business centers will slowly merge with co-working spaces. It's not that companies will stop setting up headquarters. If I have to build headquarters in Gurgaon for 3,000 people it will come up, but in future companies will stop building small offices, in addition to the headquarters," he added.

Nidhi Singh

Former Correspondent, Entrepreneur Asia-Pacific

A self confessed Bollywood Lover, Travel junkie and Food Evangelist.I like travelling and I believe it is very important to take ones mind off the daily monotony .

Business News

Apple iPhone 7 Users May Be Owed a Slice of a $35 Million Settlement — Here's How to Claim Your Share

Previous (and current, no judgment) iPhone 7 users may be entitled to up to $349. The deadline to file a claim is June 3.

Business News

Did OpenAI steal Scarlett Johansson's voice? 5 Critical Lessons for Entrepreneurs in The AI Era

Did OpenAI steal Scarlett Johansson's voice? OpenAI has since paused the "Sky" voice feature, but Johansson argues that this is no coincidence. In response, Johansson delivers a masterclass for entrepreneurs on navigating the AI era successfully.

News and Trends

Gurugram-based Wealth Management Firm Finvolve Closes Maiden INR 100 Cr Fund, Launches Two New Funds

Finvolve also announced the launch of two new funds, pre-seed Accelerator Fund and Scale Fund, including a GIFT city, with an investment capacity of around INR 500 crore to widen its investment spectrum: Accelerator, Seed, and Scale.

Side Hustle

These Brothers Had 'No Income' When They Started a 'Low-Risk, High-Reward' Side Hustle to Chase a Big Dream — Now They've Surpassed $50 Million in Revenue

Sam Lewkowict, co-founder and CEO of men's grooming brand Black Wolf Nation, knows what it takes to harness the power of side gig for success.

Marketing

Want to Elevate Your SEO Strategy? Here Are 4 Emerging Link-Building Trends You Need to Know About.

In the ever-evolving landscape of SEO, mastering link building is paramount for staying ahead. Explore the emerging trends shaping SEO strategies in 2024.