Setting an office
Startups spend a lot of time on zeroing on an office for their team. I went through a similar experience while looking for space for Nurture Talent Academy. Let me share my views and experiences.
In India, most of the commercial office search happens via brokers, and it is very easy to get off-targets when it comes to budgets. A measure of space requirement is average 40 sqft per person and charges can range from `30-100 per sqft. In addition to rent, also note that there are always expenses like deposit, brokerage, notary charges, photocopy, and monthly expenses are about 1.5 times the rent including maid, electricity, maintenance, mobile, internet, etc. You may have to buy a new printer, table, chair, LAN cabling, spike guard, etc, too.
Locate your customer
We had been spending more than half of our productive time on running from one meeting to another. So, we decided to take an office in Delhi, which is near to our customers, inside a district centre and is also close to the airport so that we can travel across India at short notices.
Your team expects and demands basic hygiene, which may include comfortable chairs, easy commute to office (near a metro station is best in Delhi), eateries nearby, et al. A secluded work environment is a strict no. Our work demands extra hours, and it is important to have a soothing work ambience. A deciding factor for us was quality toilets.
All brokers will start with as high a rent as possible, and will say they are doing a favour by getting you a better deal — you know best as what to believe. Negotiate hard and walk out if not comfortable. Don’t agree for unreasonable lock-in clauses or advance PDC cheques.
Internet connection, parking space, water cooler, AC, etc, are no longer amenities but have become necessities in a business now. Initially in my office, I played the role of an administrator and peon, bringing stuff which would make our team work better.
Article originally published : http://newindianexpress.com/education/edex/article543313.ece