Category: Premisin

Coworking Space Promotes Well-Being in 5 ways

After the pandemic touched the hard lives around us, we are all acutely conscious of the job and professional life. We were locked inside and put to work for half a year. This phenomenon was new to some, while others had been working in this manner throughout their careers. But we can all agree that working from home has a negative impact on our well-being after a while since we grow bored with the same routine, same spot, same table-chair, and even the same walls around us!

Thankfully, Coworking exists! A workspace that encourages and regulates social connection and takes into account variables such as personal space, physical and psychological closeness, and sense of community makes us feel better. And when we feel better, we perform better at work. Coworking spaces provide a space for people to find a place to do their best work, but it’s more than just adding a room to your office. It’s about revitalizing your work life.

Coworking is a hot topic right now, and the number of coworking spaces around the country is increasing rapidly. It’s easy to think they exist solely to make work more social, but there’s more to them than meets the eye. If a coworking office supports one or more of the five key workplace wellbeing drivers, chances are it will be more successful in being more than just a cool place to work.

Physical and mental wellness are prioritized in coworking spaces

Work is a key component of human happiness and being able to find well-matched colleagues, projects, and space help workers like no other. Working in the same office space can fight feelings of isolation and help regulate stress levels, according to new research: “The positive effect of sharing the same working environment on workers’ health and well-being is significant”. Further, these works show that the individual and organizational benefits are shared across all of the society, not just for the company’s employees.

The adaptability of coworking spaces is being enhanced even further by customized designs, both physical and functional, that emphasize health and wellbeing. This transition comes as a rising part of the global workforce seeks a work-life balance, pushing that trend to the next level by combining wellness and employment in a single condensed location.

Workplace autonomy

Working from home is an experiment for some — some prefer their office to continue with work-life balance, and others need different work timings that help their body clock. For many, a team-based approach to work is key, while content marketing and event marketing are often complementary. With coworking, you can work as hard or as little as you like, and ask for what you need. Cycling by your office, enjoying tea in the office garden, being a “founding member” of the company. What is typically thought of as a modern hub for creativity, Coworking features innovative ways to engage with your community while liberating you from the traditional 9-to-5 work schedule.

The shift from a traditional office to a co-working space can sometimes mean the end of a desk for an employee and the beginning of an open work environment. Cloud companies offer this option to their employees and sometimes even provide physical space for their workers as well.

Social ties

Coworking provides a full range of benefits. Working from inside the area, employees can create their own culture, maintain professional relationships, or attend meetups or performances without having to search for resources outside the rentable workspace. Coworking is a space to find and pursue your goals as an entrepreneur and route around your personal obstacles also known to promote well-being as it provides a network of support, increased productivity, and a chance to share your story.

A coworking workspace is an extension of our professional persona. It is a point of departure from day-to-day life that encourages us to engage in personal development, build authentic relationships, and spend time focusing on our well-being. Redesigning your space to allow for more collaboration and collaboration among your members can actually contribute to an increase in productivity in your workspace. As you change your workplace to work better for both you and your employees, you’ll experience increased retention, productivity, satisfaction, and well-being.

Interacting with other professionals

The coworking spaces are alive with activity. The coworking space is occupied at the same time by people from a variety of industries. Someone is always available for a cup of coffee and a conversation. Loneliness is reduced through social contacts. Having someone work beside you improves engagement, job happiness, and productivity. Challenges become simpler to manage when you have physical and emotional support from others. According to recent studies, roughly 40% of workers feel substantially less pressure when they operate in a group.

Workplace Resources

Working from home may lead to a situation in which household tasks begin to consume your time. Delays in submissions and the inability to fulfill work deadlines can lead to stress and a last-minute rush. When you opt to work from coworking spaces, you get more control over your schedule and experience a more relaxed state of mind. Coworking spaces make working easier and more pleasurable by serving the specialized needs of professionals. Coworking spaces provide unique benefits and amenities that can relieve employees of a considerable load. The conveniences available under one roof contribute to increased staff productivity and well-being.

Conclusion

Coworking workplaces bring a new perspective on conventional workplace work-life balance. Some people see the increased risk of health or safety risks and try to limit their impact. Others see the opportunity to promote well-being.

Register Your Business with Virtual PPOB & APOB Office

Are you about to launch an online business or a start-up, it’s time to acquire official GST registration for that, you need a physical address of your office. One of the problems people face when deciding to start their own business is finding a place for them to call home.

The first and most important step you should do for your business is to register it with government records or provide proof that you are beginning a business that will benefit not only you, but also the city, state, or even the country. If your business is subject to GST, then having a business GST registered is critical to avoiding any unexpected fines. A significant number of documents are necessary for GST registration.

What are the benefits of APOB and PPOB

The most significant document you will be required for GST registration is your business must have a physical operating address. It serves as the company’s headquarters or primary location and is commonly known as PPOB (Principal Place Of Business). If you have any business expansion plan then after getting PPOB you can get APOB, this stands for Additional Place of Business.

A small company that opens a home office can choose to go the route of formal offices, but many start-ups & businesses opt for a virtual co-working or office space instead because of its treasure benefits. One such benefit that virtual offices provide is physical PPOB & APOB addresses. These “virtual offices” allow entrepreneurs to feel like they have an office virtually but still utilize the necessary office amenities.

How does Virtual office help with GST registration

In this digital age, many businesses do not require a headquarters or a main office to run their operations. It is now feasible to work from home and hold virtual meetings. They can choose to work at a remote office or in a location of their choosing. They do not require an office, but the legislation cannot be amended to accommodate them. All they want is a physical location for their business, and Virtual Office is the ultimate solution.

Virtual offices assist in saving traditional office rents and provide a physical address at the lowest price possible. So why rent the whole office space just for an address? Now, the needs of the business owner are met with the help of a virtual office without the need for physical space. With this Virtual PPOB, you can operate your business from wherever you are with the staff being remotely located in the same office.

Digitalization has made it easier, safer, and faster for businessmen to start and operate a business, entrepreneurs can register their businesses with help of a virtual PPOB & APOB office to get a chance to start a new project within a 5-minute walk from home, sitting in front of the laptop, your phone, or a tablet.

Conclusion

For SME business businesses that cannot afford a physical office, the virtual office for GST registration is highly low cost and lucrative. Even for large business firms, maintaining various office premises across India would cost a lot of money. Having a good location virtual office address in several states will aid in expanding company areas and growing business earnings.

And, if you are looking for a virtual office, Premisin is the leading, trusted name in the market.

Premisin to launch its eighth coworking space in Raipur

Co-working company, Premisin, is launching its biggest hub at Ring Road, Raipur. With the launch of its eighth workspace, Premisin aims to offer a collaborative work environment for start-ups, young enterprises and professionals.

Its new coworking, which spans 15,000 square feet, is designed to bring together and collaborate over 600 coworkers. It has a mix of private cabins, open seating and meeting rooms; all equipped with high-end technology, high-speed internet and a rooftop lounge. Prices at the centre will range from Rs 6,000 to Rs 10,000 per month per seat and 15,000 to 20,000 per cabin per month. 

Premisin helps users find spaces that they need for their everyday use – open desks and private cabins as offices, meeting rooms and training rooms within their budget. Users can book meeting rooms/training rooms for as short as an hour as well. Also, the company offers serviced office and customized fully furnished office, which is designed and built as per the requirements of the client. 

Shreyansh Jain, Founder of Premisin, said, “Ring Road has been a node for people from Bhilai and Durg alike. It offers a fast-paced, efficient work culture with the soulfulness and maturity of Raipur and we have successfully captured that experience at our centre. 

It’s our largest facility yet, and it has everything a young firm requires in an office.” Over the last few years, the popularity of coworking workspaces has skyrocketed. With India becoming a hub of the world’s startup ecosystem, and early entrepreneurs ready to spend less on occupying properties and paying exorbitant rents, coworking spaces have emerged as a feasible option where you only pay for what you need. 

Coworking spaces are becoming increasingly popular due to flexible workspaces, professional ambience, and excellent networking opportunities. Realising the potential in this business, Raipur-based Premisin ventured into this segment. Besides Ring Road, Premisin has 7 more centres in Raipur.

With the growing demand for coworking workspace, the company has a plan to expand its centres to 3 more locations. And by 2025, is looking to expand its geographical presence and services in other Tier II and III cities. Premisin also plans to create a flexible workspace franchise in the upcoming years to help with expansion. 

The company provides high-end design and boutique-inspired spaces, all while providing concierge-level services, a variety of perks and amenities, and premium, flexible workspaces. They own and operate the entire value chain of the service offering, which allows them an unrivalled level of flexibility and speed in the industry. The company build bespoke environments for members within the coworking spaces. Startups form almost 20% of Premisin’s current customers, while the remainder is almost equally divided between small and medium enterprises and larger companies.

Membership Benefits 

To increase visibility and overall success of the coworking space, the company has teamed with businesses/ enterprises, where they can market their product and services to the portfolio members. It’s as crucial as any other marketing technique for forprofit and brand awareness. The community of partners reserve the finest benefit exclusively for members, which results in both the companies seeing an increase in visibility and clientele.

Franchise model 

Premisin stands out from the competition and provides franchise owners with competitive advantages that aren’t seen in any other coworking space franchise opportunity. Designed for strong returns, Premisin uses its research to determine the best possible ways to make the franchise opportunity irresistible, including a wide customer base, add-on services, comprehensive, industry-leading training, marketing assistance, a proven business model, ongoing support, multiple revenue streams, expansion opportunities, and more. 

Unlike other coworking space opportunities, Premisin is geared towards established business professionals looking for upscale surroundings. The company has streamlined the process to provide owners with a proven business model, turnkey investment, and opportunities for growth, all while saving their time and money. Premisin will help businesses start quickly and on the right track. 

Next Steps 

Every year is challenging for Premisin, but the company looks to the future with optimism. The immediate and long term challenges are building a team to scale up operations, increasing the customer base and scaling to other cities. The coworking industry will play a very important role in the rebuilding of this economy, and Premisin looks forward to being a part of it. The company is confident about working through the challenges and aspires to be one of the most preferred choices for collaborative workspace across India for startups and enterprises with strong community engagement and inspiring workspaces. 

Premisin, a coworking and workspace provider emerges as a strong player

Premisin operates from seven centres in Raipur, spread over 50,000 square feet with 800+ seats and more than 100+ clients. 

The flexible workspace sector has reached a tipping point. Following many years of continuous growth, global demand for temporary offices, meeting rooms and co-working areas is set to explode. 

The larger part of revenues come from the managed office solution since every Premisin centre, on average, has two to three anchor clients occupying 75% of the space. The company always believe that demand drives all. Premisin with its existing centres in prime locations and with growing demand has a plan to expand its centres to 4 more locations with a total area of 1,45,000 sq. ft and 2200+ seats. 

Premisin is promoted by Sjain Ventures Limited, which is recently valued at 135 CR. Planning of starting a coworking space has never been easy but since it is a very attractive proposition from several aspects such as flexibility, freedom of choice and minimal investment. In the three years since its inception, Premisin has always been the leader of the change in the way people have seen and come to view the workspace.

Being new in the coworking & workspace industry, it has never been a cakewalk for Premisin. For director Divya Jain, the aim of a flexible workspace is to build a strong community of entrepreneurs, freelancers and startups. Premisin, since its inception always believes in ‘We work together to build a better community’. 

Divya Jain, Director of Premisin, said, “Everything we do from the design or customization of our buildings to the services we provide is based on how we can create the best collaborative environment for the community. When you have people from almost every industry working together in one facility, the experience and skills you have access to is unrivalled. Our community teams focus on this aspect of our business so each member feels inspired and excited about how we can help them grow their business.

” Coworking and flexible workspace is collaborative and flexible by nature and has observed many new trends and unique practices over the years. Due to aggressive competition and ever-increasing demand, several leading players have donned their brainstorming caps in order to maintain market relevance and further retain clients with value-added benefits.

Premisin believes strongly and holistically that co-working is the future of work and the team supports it in every way. Today, coworking and workspace are not only relevant for small businesses and freelancers, but also for big corporations and any team seeking more agile workspaces.

Premisin is offering its managed/serviced office solutions to numerous clients, including a few big market players who are looking to set up their base in Chhattisgarh. The primary focus is to provide the community with end-to-end solutions and even go the extra mile by scouting innovations.

Speaking about the business model, Divya Jain says Premisin charges range from about Rs 4,000 per workstation to Rs 3,00,000 for an office space per month. Present across Chhattisgarh, the company at present has a total of 6000+ seats, 50+ cabins, and 8 luxury office spaces. 

Premisin has more than 100+ clients, including Urban Company, Zomato Private Limited, Reliance Home Finance, We Expo India, Aeroaeon Avionics, Phone Pe, Uber India Systems, IREP India, Aramex, Byju’s, Aarohan Aavishkar Group, Quess Corp, Go Digit, and Brightpath Associates LLC to name a few. 

Speaking about future plans, Divya Jain says the company is looking to expand its geographical presence and services in other Tier II and III cities. Additionally, This year, to pump up the growth, Premisin plans to open a flexible workspace franchise. This will be initially launched in Raipur, Bilaspur, Durg / Bhilai as a Location of Interest. Further, this will be replicated in other cities like Nagpur, Jabalpur, Pune, Mumbai, Ranchi & Bhuwneshwar.

Premisin Plan to franchise in partnership with large landlords, premium builders, diversified business groups & wealthy HNIs. The company says, if it’s a developing commercial property on their own or one that is already complete, the landlords/owners know that keeping their property full of tenants has a major impact on their business. However, if the companies are looking for ways to avoid vacancies, it’s time to think outside of the box. More and more commercial property owners recognize that integrating a co-working space into their facility is a great way to enhance their property.

Therefore, Premisin has designed a franchise investment model to increase the revenue. Divya Jain concluded by saying, “It is this sense of community that has driven the demand for Premisin spaces among startups, freelancers, small companies and entrepreneurs across the globe. There is enough demand, the team at Premisin want to increase the market size by creating awareness about co-working spaces and ensuring that every operator has a profitable run. Our holistic approach differentiates us.” 

The biggest benefit through the franchise model is that the Premisin coworking and workspace adds to the client’s commercial development by filling a space with their franchise investment instead of searching for other businesses for that particular space. Premisin comes with a host of benefits for the clients by giving them a professional place to go to work each day.

Even better, as a franchisee, you will have Team Premisin’s full support in terms of complete Interior Planning / Drawing & Execution Plan – MEP, Network Drawing, Fire Exit Plan, Sitting Layout, BOQ, Marketing & Branding, Listing of Space, Consultancy, Center Manager, Technology, App – Andriod + iOS and assistance when opening for business, and finding clients. At the end of the day, putting Premisin in an available space with the company’s development keeps costs down and adds multiple streams of revenue to the commercial property resulting in a win-win situation. 

Virtual Offices can serve as your PPOB or APOB?

To understand the purpose of virtual offices. First, we need to know

What is PPOB and APOB?

PPOB stands for Principal Place of Business. Every company may it be big or small/ brand new or age-old needs to have a PPOB (principal place for their business) which acts as a headquarter or the prime location of their business. This PPOB has to be registered under GST. It can be a warehouse, office which is your physical address of the business. A company can only have one PPOB in a state. APOB stands for Additional Place of Business. There is numerous large-scale business and some small-scale business which requires more than one place of business. You can have several APOBs in a state. Like Amazon, Flipkart, etc.

Why PPOB is important?

It is a legal requirement for every company to provide a physical address for their office in order to register their business. So having a PPOB is mandatory. If you are planning to start a business you have to register your company. When registering, you must provide the physical address of the office. Even if the registered office is not the main site where all the work is carried out it is needed for receiving official mailings and keeping official records of the company.

How can Virtual Office be a solution for PPOB and APOB?

In this digital era, there is numerous business that doesn’t need a headquarter or the main office to facilitate their business. It is the time where people can work from home and carry out meetings digitally. They can prefer to work in a remote office or in a place of their choice. They don’t need an office however the law can’t be changed for them. All they need is a physical address for their office and the solution is Virtual Office.

 Virtual Office unlike its name doesn’t mean an online office but rather a location that assigns their address to the business for GST registration. For your business, the virtual office can be PPOB or APOB. It can bear a good reputation to the business due to its location. It is cost-effective and provides various other facilities like meeting room service, assisting (they can represent an employee on the company’s behalf to meet specific clients) and receiving emails, etc.

Like Premisin provides meeting rooms for private meetings, it also provides concierge services for companies. 

Why play-zones are must in workplaces these days?

Do you know the secret of a workplace that keeps growing and glowing? The answer is ‘play-zone’. Workspaces these days know how to take care of its employees seriously. Everyone deserves some fun and relaxation in our lives, even at our workplaces. Having a play zone area inside a workplace is ideal for employees to recharge themselves. It is no surprise that activities like these allows workers to get away from their seats and have some fun during their office hours.

Blending work and play is a great way to keep a workplace environment perky and light. It helps employees to encourage creativity and good atmosphere in order to face the working day with more energy. Not only this, it makes employees feel at home while they are at work as a flexible environment gives out the homely-comforting vibes. Collaborative areas like these bring a lot of perks to its employees and in return a much productive and quality work.

There are numerous benefits of having a play-zone in a workplace. From job satisfaction, productivity, creativity, efficiency to morale; play zones are like magic. Sitting all day slogging in a place can hinder your work performance or productivity. In simpler words, balancing work and play can make a person productive automatically. Play zones are excellent in building up a collaborative environment and bringing out the best in employees. They seem to be working great for introverts to link up with everyone in the office. When someone is rewarded for their hard work or dedication, this ultimately leads to better performances.

A happy mind is a creative mind. Similarly, a fun work environment is the home of creativity, collaboration and innovation. A blend of formal and informal activities keeps employees motivated, happy and sane. When a company shows that they care for their employee’s requirements, their self-esteem builds up naturally. And when employees are contented with the work they do, they tend to develop loyalty for their workplace.

Adding on, gaming areas decrease employee absenteeism. The reason is positive environment and feel-good vibes. According to a study, it is seen that 90% of employees enjoyed working in a workplace that has fun zone and they performed well while working. Decrease in stress levels has also been observed in employees who belong to such places. Recreational zones reduce frustration and anxiety by channelizing negative energy in a playful way. Ultimately, the health care costs are reduced as a healthy environment is maintained. When workplaces allow for fun, people are more likely to be more motivated, less stressed, and more satisfied with their jobs. It is also an excellent way to improve company culture.

Is Flexibe space evolving more than the traditional space?

Employee demographics is the main driving force behind changing the workplace. The newer generations have different requirements and expectations from a company, and companies seeking to retain talent have started to change their workplace strategy for them.

“The amenities race has penetrated office environments, so much so that it’s now commonplace to see offices with perks ranging from additional amenities like Wi-Fi, air conditioning, housekeeping, electricity back up, printer etc.

But it’s not just changing demographics powering this change, it’s also important to note evolving work models. Working hours and locations have become flexible; professionals are no longer required to be in any specific place and time in order to work. This means that a company’s office needs and requirements need to change and evolve along with modern work models. 

To attract and retain the best talent, flexibility is key. But flexibility is also key in order to keep a company agile and resilient. Flexible workspaces are making company portfolios agile; to a certain extent, it’s these types of workspaces that are enabling change in the business world. 

Flexible workspaces are enabling companies to move fast, to keep up with emerging needs and trends. More importantly, they’re doing this while at the same time representing cost savings for companies. Change, and the ability to embrace and adapt to it quickly, can lead to growth. 

And while many companies see the benefit of moving into a flexible workspace when they don’t have a dedicated team (companies can save countless hours and budget by letting flexible workspace operators secure their furniture and take care of the layout), flexible workspace solutions can also benefit companies with dedicated teams and extensive portfolios. Also, flexible space boosts productivity because the space make employees feel motivated and energized to work.

Co-working spaces may become the first choice of Modern workers

It’s going to be very obvious that co-working spaces may become the first choice of Modern workers for mentorship opportunities and accessible spaces that anyone can take advantage of while fostering a collaborative mindset is something that can be gained through co-working.

Unlike working in a closed area, co-working spaces put employees in proximity with workers across a whole slew of industries. This gives employees mentorship opportunities that they wouldn’t have otherwise found anywhere else. Co-working spaces lead to a shift in mindset. The hierarchies established within a co-working space are less rigid, favoring collaboration and discussion that involves everyone.

Many people craving to work at home because it’s more “comfortable” and “productive.” That’s where people realized that spending a lot of time between the same walls can become a very boring and often depressing activity. Social interaction is a basic human need that needs to be met, and co-working can help us get that. A co-working space is a perfect solution for the modern workers to create a proper work-life balance because each day you get to decide whether to work at home or in a collective environment.

Co-working help a worker to work independently, together; to have a chat over coffee; celebrating birthdays and anniversaries together and milestones together; mourn losses together; supporting each other’s crowd funding efforts; knowing members’ children and dogs; taking walks together; stepping out for lunch together; going to social events together; slowly but eventually become a part of a strong, authentic community and that naturally leads to inner happiness.

Co-workies is a platform where you can connect with like-minded coworkers working in various co-working spaces. Further, you have an opportunity to grow your network. This will ultimately lead to more collaborations and development of your venture. 

Co-working is all set to soar

As more people are opting for the option of co working, its demand in the coming years is set to soar. Co-working is not just a working space, it’s a community movement to revolutionize work. Co-working provides flexible workspace along with top notch office infrastructure; members get access to a high speed internet, with multiple options to learn.  

Co-working is to provide you the most viable option for startup companies and professional who cannot afford to maintain an office because of high rentals and deposits as well as maintenance hassles. The spaces come in handy for all kinds of startups and free lancers due to their pay- as per use model. These spaces have gained popularity for their emphasis on collaboration and open learning

The culture of co-working is also becoming higher among big companies. It is clear that co-working is becoming more widely used and more positively talked topic. Companies those who currently utilizing co-working are significantly more likely to have a positive view of co-working when compared to companies that have not yet adopted this sector yet. It reinforces the brand and culture that is so important in maintaining company cohesion and a sense of purpose.

Co-working spaces cater to both internal and verbal processors — members can get down to business in quiet zones or choose to utilize the open floor plan to be more interactive during the workday. No matter their preferred work style, employees have endless options at co-working spaces to be productive in the manner that is best for their particular attention spans, levels of motivation, and general output.

Accessibility and convenience are huge benefits to co-working spaces, affording members all the basic resources found in a traditional office. This easy accessibility can also be advantageous to those, who are particularly juggling work with their personal life.