A fantastic alternative to traditional offices has been affordable coworking spaces. They are modern and flexible and cater to both solo workers and business teams. While they promote resources, collaboration and cost-efficiency, the biggest question is: how much does coworking cost and is it really worth it? The answer broadly covers the true value of a coworking membership for both budding entrepreneurs and seasoned professionals. It’s time to know if these workspaces are really as affordable as it seems.
THE COST OF COWORKING IN INDIA
The cost you pay in a shared workspace normally depends on which service you take and which city you are in. Whether you take a hot desk, dedicated desk or private office in a flexible workspace in Noida or Mumbai or Chennai will decide the expense. Now, 2 cups of coffee, on average could be INR 200-300 a day so that could be roughly INR 6000-7000 a month. Let’s compare the coffee with coworking services:
Hot Desking
In this, you can go to a coworking and choose from any desks available in the open area. They normally start from INR 3000 and can go to INR 10000/month. Now this is a pretty close comparison if one has to go out to work for all 30 days.
Dedicated Desks
Here, you get to pick a desk of your choice from the open area. The space provider will reserve it for you for the whole month against which you will pay anywhere between INR 6000 to 15000 in a flexible workspace in Noida and other big cities.
Private Offices
For teams that need privacy for their work and a secluded space for their team, private offices are ideal as they are separated from the open area but they do come up with all coworking benefits. Their cost goes from INR 10,000 to 50,000/month. Now given the team has multiple members, that’s another tough cost comparison.
GETTING VALUE FOR MONEY
It’s not always about “how much do you spend” because the better way to see is “what all do you get for it”. You don’t just sit and work in affordable coworking spaces but also enjoy the additional benefits they offer that are hardly there in traditional offices or cafes.
Professional Environment
The design and environment of coworking spaces bring out the most productivity and keep you motivated and creative. There is no disturbance at all when you want to focus on a certain task, unlike a coffee shop that will always have background noise.
Access to Premium Amenities
Let’s say you work from a coworking space in Noida, you can expect to get fast internet, meeting rooms, IT support, housekeeping facilities, printer/scanner, security, a wellness zone, a game room and of course, a kitchen area for FREE coffee. Can you get all of this for the same fee anywhere else?
Networking Opportunities
Working from a coworking space means being part of a community. You will be surrounded by various professionals and businesses that is usually not possible if you work from a conventional office. There is all the chance to meet new people especially during the events, workshops, seminars and fun activities that are organized by the coworking. Here’s when people connect and collaborate for work and grow together.
Flexibility
A conventional workspace will always lock you in a fixed and long lease where you will also handle bills and maintenance. But in coworking, you pay for the services per month, don’t need to handle space management and can also scale your business in the same place.
COMPARING COWORKING COSTS TO OTHER OFFICE SOLUTIONS
Yes, larger and more established businesses can bear the expenses of traditional offices but what about the others? Regardless of the size of the business, coworking spaces always offer value for money here’s why:
- No Long-term Contracts: Unlike conventional workspaces, affordable coworking spaces never lock you in long-term leases or ask for huge deposits.
- No Maintenance Costs: When you have to manage an office by yourself, all the utility bills, maintenance and even decor are on you but coworking offices are managed by the space provider.
- No Hidden Costs: Working from a coworking means no hidden costs for any extra services because everything is part of the package.
THE COFFEE COMPARISON
Back to the main question: is it fair to compare coworking with spending two cups of coffee every day? Well, if you consider opting for hot desks or dedicated desk plans, the cost in which you order a couple of beverages a day, you will also get a bunch of premium amenities, networking opportunities and the flexibility to work when and how you want to. You will always be in a productive environment that will help you work better and earn more.
CONCLUSION
While we are talking about spending on coffee, it’s already free when you work from an affordable coworking space. How about you avoid spending on beverages and instead, get a membership plan that will give you a professional workspace and all the facilities that will help you work more efficiently? If you want to get a firsthand experience of working from a good coworking space in Noida, come to Let’s Connect Noida and you will see the difference.
