The digital wave has given rise to many careers opportunities that don’t particularly require a traditional office space. What people may however still require is a clean, quiet place to conduct business as usual. Brownie points if the place has basic amenities like fast-speed WiFi and printers. But is it necessary for a company to fully be in business only if there is a permanent company address? I’ve realized the answer is no.
New-age, digital businesses nowadays thrive on just one hi-speed internet access and laptops that can be used from anywhere. Start-ups too are finding the high real estate costs to be affecting their business model of growth and I couldn’t agree more. Think about it, you are putting all your savings into a business venture that you hope will succeed, and while you are trying to cut corners and make it big you don’t want to worry about loans that might give you sleepless nights.
The work culture today is more flexible, revolving around the convenience of employees rather than norms. It is also interesting to observe how young entrepreneurs and start-up owners are conducting their businesses with limited resources. Since I am in the realty business, my focus has been on the real estate market and reading the pulse of today’s entrepreneurs who are cost-conscious.
This trend has also led large multi-nationals also resorting to renting out spaces instead of investing large chunks of money in buying them. With workplaces metamorphosing to accommodate the digital wave, coworking spaces have become a cost-efficient, flexible and reliable option. A new generation workspace, coworking spaces are convenient, affordable and hassle-free with no extensive paperwork needed.
Plus, the employee experience is also enhanced as they get to meet people from different fields, interact, network and promote collaborative learning along with the facilities of a private office. We now have beautiful interiors, ergonomic workstations and docking areas which have a positive impact on one’s mood and promote concentration while also enhancing mind-body coordination.
So a win, win for all! That’s what I had in mind when I set out with the idea of HQ10 coworking and private spaces. I first came across this concept when I was studying in New York and looking at how the real estate industry is changing it was only fair to bring that concept to Chennai, India. A fully-furnished co-working space that increases efficiency and reduces costs, HQ10 is what millennials today demand and we are listening! With two centres in Guindy and three years in business– HQ10 Primus and HQ10 Bristol – there is hearty welcome for such spaces and we are working towards launching more centres soon.