Digital technologies have been rapidly embraced all over the world. In effect, it has changed the way in delivering business, work, and services. It not only enhances development, it can create revenues through innovation, diminishing exchange costs, boosting effectiveness and productivity, and making services less expensive.
As a startup founder based in Singapore - one of the top business hubs in Asia's emerging market - should you share an office space or lease one of your own? In these modern days, the traditional office seems to be blurring. We live in an environment that is always evolving, and the concept of where we work is similarly subject to change.
People may think about an office as a dull, laugh-less jail where such lives and breathes are those who stuck to their work desk from 9 to 5, typing rhythmically on keyboards. Well here's a reality. It's 2019 and that concept of an office is woefully outdated. We're now moving forward to flexibility, convenience, and efficiency!
With Singapore’s emergence as a ‘Key International Business Centre’ and ‘Asia’s Regional Business Hub’, the growth of business enterprises has never been greater. One of the prerequisites for expanding business in Singapore is that it ought to have a registered office address.
Coworking is simply putting your pants on, grabbing your laptop, leaving the procrastination‐hole you call your home‐office behind and proceeding onward to a proactive environment. It's where you are encompassed by individuals, Wi‐Fi, and coffee. It's where you get propelled by the mere presence of efficiency and your social network is real! It’s teaching, learning, and sharing. In brief, it's where ideas go to grow and dreams go to become reality.
Coworking is a modern working style that first begun in Malaysia around 2010 - but only from 2016 onwards is the concept getting popular among local people and of course foreigners in Malaysia. It has been relentlessly developing in recent years with the amount of coworking spaces in Kuala Lumpur multiplying every single year. The shared workplace turned out to be alluring to work-at-home experts, self-employed entities, freelancers, and even conglomerates - Petronas has signed up for office spaces with Common Ground.
We lead hectic lives and there always seems to be insufficient hours in a day for us to strike the balance between work and personal life, particularly when you mull over the commute time that most of us face. In Singapore however, things are improving.
WeWork, Equitorial Plaza
Thanks to technology, the world we live and work in today has changed dramatically, and the shape of the workforce is changing with it. Technology is enabling an increasingly mobile workforce. It’s not just employees who are mobile, the makeup of workers is also changing - dubbed the "gig economy."
Co-Labs, Utropolis Shah Alam
Without a doubt, there are a few people who need to make tracks in an opposite direction from work while they're out of town. Yet, an increasing number of individuals, whether digital nomads or business travellers, need to discover approaches where they can find a balance with working and being on holiday.
It’s no secret anymore that this is an Asian century. Singapore is one of the emerging economic countries, attracting companies from all over the world to take advantage of its high productivity, skilled manpower, and booming infrastructure.