Looking to build a co-working space at low-cost? Here are the strategies

Pick a location that acts like the nucleus of a city, reports Tech in Asia

A rising Indian startup ecosystem, skyrocketing rents, and long lease agreements—all these forced young companies to look for an alternative when it came to spending lots of money on office rentals. This gave birth to a wave of co-working spaces in India.

1. Analyse the competition

Knowing your competition is the first thing you should do in any business. This helps you develop your strategies and make better financial decisions.

Average cost of operations

Locate the areas where your competition is operating, call the local real estate dealers, and get an idea of the ongoing rentals. Then, calculate the electricity consumption