The world of work is changing and thus arises the need for adopting new styles of work environments to suit your business the best. There are types of spaces available in the market today and before you plan to give your dream a pad to launch, you should be sure about what it has to offer. To help navigate your thoughts, we have put down three basic categories in which any space is likely to fall under.

Any space has primary reason for existing and understanding the core differences between each, you can probably make the best decision for you and your team.

Office Rental Facilities

This is primarily a landlord-tenant relationship. Organizations offering Office Rental facilities run on business models where a piece or several pieces of real estate are divided into smaller pieces. Services are added on and then the space is sub leased at a profit. They compete on location, price and services.

This works well for businesses that require the privacy and services of an office without necessarily wanting to lease an office of their own. This model is useful because it makes office space accessible to smaller businesses whose founders are not in a position to take on private spaces of their own.

Startup Incubators

Startup incubators run on a model where their success is defined by the growth of the companies they house. This environment constitutes of people with ambitions to build high growth companies.

Incubators are useful because they take talented new entrepreneurs and provide them guidance, education, resources, and connections to propel them forward as growing businesses. They compete to attract and develop talented and ambitious startup founders.

Coworking Spaces

These are organizations that offer membership to a community of like-minded people in a common shared space. Uniquely, coworking spaces are often organized as a community first before a business entity is formed. They stick close to the core values of community, collaboration, openness, sustainability and accessibility.

These spaces work best for people who do not need private spaces or incubators but want access to a place and community. This could mean individuals or small teams whose work doesn’t require much more than a desk and an Internet connection. Coworking spaces appeal to minds which office rentals or incubators cannot cater to.

Each coworking space distinguishes itself by its own community. Each of these communities has a different culture, so finding the one that fits you the best is vital.

How to choose?

Each space has its own advantages and drawbacks and it is important to know what is most useful to you and your needs. For example if you are looking at an opportunity to bump into a potential investor, an office rental space would be ideal over an incubator or coworking space. On the other hand, if you are looking at becoming a part of a culture, Coworking will surely suit you.

Coworking can be called as a school of thought in which people do what they really care about than just merely being a business entity. It is often a liberating experience to share and communicate ideas with people who are as passionate about what they are doing as you are.

These days’ Coworking Spaces are increasing across the country & especially in cities like Bangalore, Chennai & Delhi. While many have found & accepted the concept with open arms and operating their startup from Coworking space, Still some startups are pondering over whether it’s a good move to shift their startup from a homely environment /Garage to a vibrant coworking environment.

On similar line, Bangalore Alpha Lab has taken first step of establishing a Community based Coworking Space to create the startup support system & be the launch pad for early stage startups. Operating from Bangalore, It has taken care of the all-intricate aspects that a startup would strive to have at the bootstrapping stage.

 

Shared Office Space
Bangalore Alpha Lab – Community Based Coworking Space

 

BAL conducted a Survey among Entrepreneurs about
What is the “most” u look for in a co-working space?” with options
 a) Vibrant Community b) Fun & Working c) Mentors & Mentorship d) Tech meet ups.

Can you Imagine which option would have emerged as their favorite?

No prize for guessing, it’s the option A, the Vibrant Community which received 65% response. With 20% of responses, the option B, the Fun & Working sits at second place of choice list of Startup entrepreneurs. Startup entrepreneurs look for vibrant community in coworking space instead of just of just desks and tables and conference rooms. Running a startup requires ability to handle ups and downs and having a great community besides them is a definite support system that the startup can look forward for.

Ironically Bangalore Alpha Lab has put an outstanding effort to make the coworking space a vibrant one which not only being commended by all BAL Members but also experienced in their day to day work life. If I have to instantiate the vibrancy of BAL then I must say the weekly the fun @ work connects & tech events are conducted on regular basis. Each event is conducted with the effort & intention to infuse positive vibe at work Place. You can catch the glimpse of all the events & recent happening at BAL’s Facebook page.

BAL as a Coworking space conceptualized with the idea that the startup has to have a dynamic, positive vibe & enthusiast work environment. BAL has all the ingredients that a startup would need at initial stage of operating both from cultural, work environment  & amenities perspective. We create tons of fun connects and events for the BAL startups and members.  Support services like shared resources, recruitment support, infrastructure & online marketing, resident & visiting mentors, startup kits are nice additional add-ons.

 

When you come to BAL, you just need to focus on your product and getting customers, not anything else

Please visit www.bangalorealphalab.in  & BAL’s active up-to-hour Facebook page and do not forget to share your opinions & suggestions.

Check some of our recent moments captured in pic:

AWS Event At Bangalore Alpha Lab
AWS Event At Bangalore Alpha Lab

Fun Game at BAL

Relaxed Working At Bangalore Alpha Lab
Relaxed Working At Bangalore Alpha Lab