The desire to grow beyond a particular skill set has led to the growth of new entrepreneurs and startups in this economy. To make their new venture successful, they have to keep all aspects in mind, mainly how they use their funds. Most of them have borrowed from their friends, family or taken a business loan and thereby very conscious of how it should be spent. Investing large amounts of money in just having a place to work from may not always be feasible.
With the flexibility and low cost, utilizing coworking spaces is an excellent option for them. However, it is human nature to want to get the best deal or the cheapest deal. Is affordable coworking space always the best?
The reason why some coworking spaces in Delhi might be cheaper would be due to the location. Since these coworking spaces might not be in prime locations, it directly affects how accessible they are for the employees.
This may result in longer travel times or less frequent public transportation. Also, if company image is essential to the startup, then you would not be able to take advantage of a prestigious address printed on your business cards.
For such coworking spaces in Delhi, to provide cheap deals, they would want to optimize the use of the rented space. This would likely result in more workstations being cramped in a single room.
Also, for them to benefit from the deal they have passed onto you, the services provided would not be on par. These coworking spaces in Delhi may not have fully trained staff or the furniture provided may not be ergonomic.
The type of clientele who would also frequent these coworking spaces in Delhi might not be the ones you would want to share a shared working space with.
These factors may seem to be satisfactory for some; however, it is up to the new startup to decide whether these factors are worth the financial gain you get from a cheaper deal.
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