ESTABLISHMENT

OF
COWORKING SPACE
 INTRODUCTION
 Announcement of countrywide lockdown have dragged down MSME
owners, employers down in unexpected times. Extended lockdown had
negative impact on supply of finishing goods , procurement of raw
materials, etc.
 According to survey reports COVID-19 pandemic have impacted
MSMEs earnings by 20-50%.
 PROBLEM

STATEMENT
WE WILL WORK UPON THE FOLLOWING PROBLEMS :

When small business owners seek office space, its incredibly rare for them to find
 something affordable that is short term.

 Work life balance gets out of hand when you work where you live.

 Sometimes working from home can be distracting .Helping others in your family
can
 be a waste of time ,and may pull away from work
INNOVATIVE SOLUTION
 Coworking Spaces offer business the
ability to scale up or down as needed
without breaking expensive long-
term leases.
 Working in a coworking space will
increase our productivity to
unprecedented levels.
 Solo entrepreneurs and teams will be
able to create a separation between
work life and home .
 Filled with other small businesses
and entrepreneurs ,a coworking space
gives access to new ideas.
 Remote workers are used to an
imperfect life - from the isolation of
working at home, to the distractions
around the house, to productivity
challenges from slow WiFi & poor
natural light. Yet, remote work often
still feels better than going to a
traditional office 
 SERVICE DESCRIPTION
WE WILL BE PROVIDING THE FOLLOWING FACILITIES:
 LOCATION: Coworking is all about convenience, so having a space that
might be in an “up and coming” part of a city, but is inconvenient to
commute to, might be detrimental to our prospective customers.
 PRIVACY: At its core, a coworking space is a place to work. This
means it’s crucial to have areas that are private or simply quiet,
where members can focus.
 CONFERENCE ROOMS: A shared office space will always have a
wide variety of professionals, so it’s also important to have areas
where everyone can mingle while working.It can also be used to
conduct meetings.
 VARIED SITTING ARRANGEMENTS: The desk and office chair
setup has its place. At a coworking space, so does the beanbag.
And the bright yellow wing chairs. And the colorful stairs with
throw pillows.
 GOOD DESIGN:Beautiful things are very effective in attracting people.
In the case of a shared workspace, it makes members excited to come in.
It’s also a reflection on the type of members a coworking space wants to
attract. This products two additional benefits: First, precise targeting
makes it easier to get people in the door. Second, homogeny makes for
harmony, creating strong relationships and therefore a loyal member
base.
 GOING GREEN: This means two things: living plants and being
green-certified. The first has been proven again and again to
reduce stress. Not only that: They’re pretty! The second means a
space that encourages well-being and sustainability. Judging by
the high levels of work-related stress and anxiety, this is pretty
crucial. Studies have shown that “green” buildings produce a
26% boost in cognition and 30% fewer sickness-related absences
(Forbes).
 PRIVATE OFFICES: One of the biggest benefits of having a private
office in a coworking space is the privacy that comes along with it. If
you have a business that demands discretion, you don’t want just
anyone being able to overhear what you are saying on the phone or with
clients in person. With an office space that is closed off from the rest of
the room, conversations are kept private and confidential. You can keep
the door open when you’re available to talk with others and closed when
you are working with sensitive information that needs to be shielded
from them. 
 OFFICE NECESSITIES: Provide the basics like paper, pens, pencils,
staplers, paper clips, a copy machine, a printer, and more. It’s
conveniences like these that make a difference.
 REFRESHMENT: It seems trivial. And we know this. But actually, snacks,
and the quality thereof, make a big difference in members’ experience
and perception of a coworking space. Some nice coffee, healthy food,
fruit, chips, etc. would be good. Bonus: The food station makes an extra
area for collaboration.
 MARKET ANALYSIS
Coworking market size has ballooned in
recent years , firmly
establishing itself as part of the traditional
office-based CRE Metric.
We estimate that almost 5 million people
will be working in coworking
spaces by 2024,an increase of 15.8%
compared to 2020.
WE WILL BE FOCUSING ON THE FOLLOWING THINGS TO MAKE
OUR PLAN SUCCESSFUL:

 Solidifying our Value Proposition and Business Model

 Researching and Identifying Local Competition
 Searching for a Location
 Creating a Revenue Plan
 Start Building our Community
 Managing Early Cash Flow and Expenses
 Preparing to Purchase Supplies
 Planning a Grand Opening Celebration
COMPETING COMPANIES

Precisely we cannot say that we are having a good market

competitors because there are many small scale organizations who
are also planning the same....so as discussed we will implement
some innovative processes and ideas that will make our business of
coworking space much better than others....
FUTURE OF ORGANISATION

Coworking spaces aren’t mant to be used in the long term. Our plan
is to grow the startup into a full-fledged company that does require
physical office space to continue building the empire. We will be
working hard to make it a long lasting plan.
 MONEY MATTERS
Most coworking spaces does not make money as compared to their investment. So we will work in an
innovative way such that we get the same revenue just like we invested.
BUSINESS CAPITAL:
The advantage of coworking spaces does not stop at the rent and office supplies. Interior design is generally a very
pricey affair, considering you want your workspace to have unique blend of professionalism as well as an attractive,
creative space which is relatively modern and artisan, an area where people are motivated to work efficiently, co-
working spaces offer small businesses also the best of both worlds. Coworking spaces, in a sense, could be
considered to be on the seams level as having roommates, the only difference here is that the roommates are not
indivusuals, but businesses. But when it comes to expenses and utilities, it is pretty much on a shared basis , and
hence the overheads per business don’t seen as much of a burden as they do on traditional business set ups.

OUR SERVICE CHARGES:

The demand for coworking space will increase in the upcomming years, so our service charges will varry
along with the market demand. But to ensure that our customers are well satisfied with our service, we
will provide an affordable cost effective service charge.
PROFIT:
The amount of money we are spending to create this coworking space , have to cope up with the revenue
our business will be generating. So we have to earn an effective profit which will help us to further
expand our business
 THANK YOU
Presented by EE-A (group 2)
Mentored by KOUSTAV BANERJEE
Members -DEBOJYOTI MANDAL(2013004003)
-INDRADEEP THAKUR(2013004060)
-AJOY BANIK(2013004036)
-SOUNAK MITRA(2013004007)
-SAGNICK PAUL(2013004011)