5 Reasons startups should choose a coworking space.

A coworking space is a shared office space, where people from different organizations come and work together. In this arrangement workers of different offices share a common workspace. Coworking space is managed by a third party. In coworking space, resources are shared by all the members in the office.

At NeoHub, we provide the right amount of space, for the right price for every business need, from private office space to shared office space. At, NeoHub we provide vibrant office space packed with natural light, cutting-edge technology, facilities, and 5-star hospitality. The Coworking space at Neo Hub boosts productivity and encourages collaboration. NeoHub provides meeting rooms, dedicated desks, a private office, and affordable coworking spaces. NeoHub also provides office space on flexible lease contracts and provides customized coworking plans.

Characteristics of coworking space:

• Facilities are shared: The coworkers in the coworking space share the same facilities like reception services, furniture, internet services, printers, desks, computers, meeting rooms, washrooms, etc.
• Affordable

: Coworking spaces are more affordable than traditional offices because all the costs and expenses related to offices are shared among all the members.

• It acts as a community: Coworking spaces are nothing like a traditional office instead they act as a community consisting of workers sharing their expertise and creative ideas together with each other.
• It gives birth to a creative environment: Coworking space encourages creativity among the workers in the coworking space and creates space for innovation.

Coworking space for startups.

Finding a suitable workspace is the most important decision that any startup has to make. Coworking spaces are perfect for startups as they provide an ideal working environment and also distribute the overheads. Choosing coworking space for startups proves to be economical and beneficial for the startup and drives innovation in working.

Reasons why startups should choose coworking space:

• Economical: Choosing coworking spaces proves to be beneficial and economical for startups as they only pay for the facilities and services they use. This reduces their overheads. This office setup aids the company in avoiding hefty investment costs and leases and promotes better use of the available capital. Traditional office spaces incur heavy costs through rents, investments, deposits, etc.
• Helps in building meaningful business relationships: Coworking spaces build meaningful professional relationships among coworkers, between businesses, entrepreneurs, clients, or even investors. Coworking spaces promote creativity and innovation among coworkers because of their diverse backgrounds and experiences.
• Modern facilities: Setting up traditional offices is a setback to the company as it requires a high initial investment for setting up an office, desks, tables, infrastructure, internet services, utilities, reception, meeting room, etc. Whereas, in a coworking space, all these facilities and amenities are shared between all the workers or amongst the workers of all the companies. This reduces the overheads and investment as it is distributed equally among all the startups in the workspace. Also, it allows the startups to focus entirely on their business growth and activities.
• Increases productivity: Coworking spaces usually promote the productivity of the employees by providing a professional environment and removing distractions. This helps startups and their employees to focus on their business goals and objectives. Coworking office space creates a motivating environment. It leads to better time management, better concentration, and improved performance.
• Flexibility: Coworking spaces provide flexibility to startups as they can manage their workspace according to their team size and business requirements. This flexibility allows startups to avoid long-term leases and make better use of investments for optimal business growth.

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NeoHub is a modern and dynamic coworking space located in Lucknow, designed to cater to startups, freelancers, and businesses seeking a professional environment to thrive. NeoHub aims to provide high-quality services, including shared office spaces,