There are as many types of business models as there are types of business, each of them showcasing distinguishing traits of its own. What are these business models?
In simple words, a business model refers to a type of business conducted in order to earn profit. This model describes the way a business will take its product, offer it to the market, and drive sales.
A business model determines:
what products make sense for a company to sell
how it wants to promote its products
what type of people it d try to cater to
and what revenue streams it may expect.
Types of Business Models:
Retailer- Retail traders are responsible for selling the end product to customers. They usually operate by selling individual products as required rather than selling in confined bulk like wholesalers. They require quite a chunk of space to store their inventories which may not be ideal to be operated from a coworking space, since a coworking space is not a perfect cut-out to stock-up inventories.
Manufacturer- Manufacturing products is done at an industrial setup. Hence why it falls under the category of not being an ideal business model for a coworking space.
Fee-for-Service- A fee-for-service business model may charge by an hourly rate or a fixed cost for a specific agreement. These companies are often specialised, offering insight that may not be common knowledge or may require specific training.
Such a business model includes consultancies offering services in aspects of Real Estate, Chartered Accounting, Certified Financial Analysts, Marketing and PR agencies and so on. A Coworking Space is just as ideal for this model as a traditional office.
However, coworking proves to be a better option of the two since it doesn’t block any capital regarding down payment like with a traditional office.
Fascinatingly enough, a Coworking Space itself can be considered as a Fee-for-Service type of Business Model.
Subscription- They are mostly a software based product/service that try to attract clients in the hopes of luring them into long-time customers. This is done by offering a product that requires ongoing payment, usually in return for a fixed duration of benefit.
Though largely offered by digital companies for access to software, subscription business models are also popular for physical goods such as monthly recurring agriculture/produce subscription box deliveries.
Again, a coworking space and traditional office are both suitable for this since the work-staff require proper internet access and devices to carry on their activities. However, blockage of capital redirects people to pick a coworking space.
Did you know? Uber, Spotify, Instagram and others were founded at a coworking space.
Conclusion:
Working from a designated office can get monotonous after a while whereas working from a coworking space keeps one on their toes. There’s always something new to explore, out of the workstation. A new face to talk with, a new place to visit within and around your workplace. It’s a breath of fresh air waiting to be inhaled by the respiratory system of coworkers.
And we at OurDesk strive to provide nothing but an experience as refreshing and comforting as taking a breath of fresh air after reaching the top of a mountain while on a trek.
About OurDesk
OurDesk - A brand new 52-seater coworking space/reading room is now OPEN FOR BUSINESS! Located in Khar West, OurDesk is just a short walk from Khar railway station (300m) & near SV Road (75m). High-speed internet, ergonomic furniture & abundant natural light are on the house! We also have an on-site pantry & separate toilets for men/ women on the same floor. Flexible membership plans are offered to solopreneurs, freelancers, entrepreneurs, management consultants, chartered accountants, marketing agencies, small businesses, startups, and professionals seeking shared office space or a flexible workspace for remote work.
OurDesk is more than just a coworking space; we are an initiative of Mataji Rampyari Bai Trust, a registered not-for-profit organisation with a rich history of assisting members of the community for over 50+ years. Our commitment to fostering collaboration, innovation, and growth in the business community is driven by our longstanding mission to empower professionals like you. By choosing OurDesk, you not only gain access to a dynamic workspace but also contribute to the meaningful initiatives and support provided by the trust. Together, let's positively impact the business world while uplifting our community. Join us on this journey of empowerment and transformation.
To inquire:
Call: +91-88507-84440
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Email: hello.ourdesk@gmail.com
Click here to visit our website or here to visit our Instagram Profile.
Explore our modern office space in Khar West, Mumbai, conveniently situated near the Khar Train Station, offering location advantages for professionals seeking work-life balance in a community-driven space. Take advantage of our meeting rooms, hot desk options, dedicated desk setups, virtual office services, and business support offerings. Join us at OurDesk for networking events in a professional environment, and experience an affordable workspace designed to boost productivity and collaboration.
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