The Impact of Coronavirus on Indian Coworking Spaces
Posted: May 08, 2020
Over the past few days, Indian companies, including start-ups and coworking spaces are reeling under the impact of coronavirus (COVID-19) outbreak. According to the World Health Organization (WHO), "the outbreak was declared a Public Health Emergency of International Concern." After the first outbreak reports came in from Wuhan, China, the international community started to continuously assess and monitor the situation to increase awareness, minimise the spread and reduce casualties.
Throughout the world, countries have initiated a plethora of precautionary measures to mitigate the effects of coronavirus disease. Countries are imposing stringent social isolation, which prohibits non-essential contact and movement from one place to another. In India, a country-wide 21-day lockdown was announced in an unprecedented measure to contain the spread of coronavirus and protect the citizens of the country from further harm. Remote working has become the new normal.
What is Coronavirus?
The novel coronavirus is a newly discovered virus, which causes a highly contagious disease. Coronavirus disease 2019 or COVID-19 can spread via air, contaminated objects, mass gatherings or personal contact. Droplet transmission through cough, sneeze or saliva encourages the spread of virus, so it is suggested to safeguard oneself and others by following infection control guidelines.
Coronavirus Disease: Symptoms and Precautions
Some of the most common symptoms of coronavirus disease include:
- Breathing difficulties
- Nasal congestion
- Sore throat
While many people can recover from the disease without needing special treatment, elderly people and persons with medical conditions such as asthma, diabetes or heart disease are susceptible to becoming severely ill due to COVID-19.
Certain precautions are advised, including:
- Wearing face masks
- Washing hands frequently and thoroughly
- Avoiding contact with eyes, mouth and nose
- Avoiding crowded places, personal contact and non-essential travel
- Maintaining social distancing as recommended
- Following good food safety practices
The Coronavirus Pandemic vs. The Indian Start-up Ecosystem
Amid growing concerns over the coronavirus pandemic, the Indian start-up ecosystem started to brace itself for an unexpected turn of events. Owing to distressing issues such as reduced cash flow, limited or non-availability of manpower, travel and transportation restrictions, many start-up companies are experiencing difficulties in running their operations in the wake of the coronavirus disruption. From spending concerns to cash flow issues, start-ups are dealing with persistent problems in the prevailing situation.
While travel start-ups seem to be the worst hit as a result of social distancing and travel ban, online gaming companies are witnessing a surge in activity, as people are turning to gaming to keep themselves engaged during the period of coronavirus confinement. Indian start-ups are worried about fundraising. Other companies are planning to freeze hiring and postpone expansion plans. At present, people are forced to limit their work interactions online in the chaotic environment generated by COVID-19.
The Coronavirus Crisis vs. Indian Coworking Spaces
How are coworking spaces tackling the coronavirus crisis? As ingenious coworking spaces have been facilitating the rapid growth of start-ups, it is necessary to understand how the Indian coworking spaces keep the show running in the middle of a catastrophic event. When coworking spaces in several cities started seeing fewer signups and lesser footfalls, they began adopting innovative measures like virtual alternatives and insightful updates to engage their members and keep the coworking culture alive.
The premium coworking space, Cowork Valley, has been instrumental in raising awareness about COVID-19 and taking protective measures to protect its clients and employees from the harmful effects of coronavirus. From disinfecting the entire office space and making sanitizers readily available to implementing a work-from-home policy and motivating the teams during lockdown, Cowork Valley is leading from the front in the fight against COVID-19, through empowerment and enlightenment.
India’s Coworking Scenario Post-Lockdown
As the global economy takes a hit in the wake of the coronavirus crisis, the coworking industry is gearing up for the post-lockdown scenario. The lockdown restrictions compelled many professionals and businesses alike to halt or postpone their operations. Consequently, they may face a severe cash crunch in the coming days and search for sustainable ways to revive workflows. The need of the hour is coworking because it makes an affordable, flexible workspace available for all types of work needs.
After the coronavirus-induced lockdown, it is critical to restore normalcy to business operations, which may have been compromised by COVID-19. Coworking spaces such as Cowork Valley can help individuals and business entities realise meaningful outcomes. With premium amenities, including a fully equipped workspace, flexible coworking plans, free Wi-Fi, power backup and a supportive community, it is easy to get the processes back on track and make the right choice to go forward with coworking.
Irrespective of region or profession, everyone is striving to navigate the COVID-19 crisis by adhering to infection prevention guidelines. It is imperative to support the community with the help of information and resources. As and when the coronavirus scare subsides, one can see light at the end of the tunnel. This is the time to stand by each other and be ready to bounce back because as Dani Johnson puts it, "You are not defined by your circumstances. You are defined by how you react to those circumstances!"