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How Shared Services are Dominating the Outsourcing Industry

Outsourcing industry after 2014 is showcasing a strong trend of emerging traces of shared services over outsourcing a business process. While the outsourcing model is designed to receive a fee from the consumer for the services rendered, shared service model creates a continuum between two service providers along the service consumption cycle, hence reducing the cost incurred by the final service consumer. In the shared service model, two complementing service providers offer services under one
iKeva India's insight:

With emerging parallel trends apart from shared services, what is yet to be discovered is the sustainability of shared services model. One such trend supported by technology is SaaS which also focuses on reducing cost while delivering services.

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Sharing knowledge through shared office space in Bangalor

Here is a city trend in shared offices in Bangalore, replicated across several other cities. Shared office spaces not only have cost advantage, but also come with obvious advantage of network, know-how, common area usage and some other common resources. Bangalore, being the knowledge hub of IT has compelled the evolution of shared office spaces as a knowledge hub too.


Bangalore and knowledge sessions at shared office spaces

Today, Bangalore is a natural choice for establishing a startup. Interestingly, the city has been a technology capital much before Web-based companies and Internet firms were set up. In 1909, the country’s first Indian Institute of Science was established in Bangalore. Several advances have been made in nuclear technology, space technology, and advanced computing, since then. Today’s Bengaluru supports knowledge-sharing among and learning for startups through the city-based events like Boot Camp, Techcircle, Tech Startups, and so on.

Always hungry for knowledge, Bangalore has kept up the flavor of the season when it comes to startups.

BarCamp Bangalore is an event that hosts technology as well as non-technology sessions wherein participants discuss topics of their own interest. What makes the event different is that there is no fixed agenda – the speakers are free to discuss what they want to. As organizers of the event, BarCamp looks after the infrastructure. The rest is pretty much up to the participants. The freewheeling discussions promote an informal environment for learning and sharing, something that helps startups immensely.

Bangalore Entrepreneur Boot Camp hosts events that provide core entrepreneurial training to help people enhance their entrepreneurial skills. They also share tips and tricks for founders of startups and help them manage their limited capital and accelerate their time to market.

iKeva provides shared office space in Bangalore, which facilitates knowledge-sharing through events around topics like lean patenting products or inventions discussed by legal consultants at Patracode (in Bangalore), pollution check of vehicles in collaboration with HYSEA (in Hyderabad).

Since social media marketing is an integral part of every business, young or old, iKeva also hosted a session with Digital Marketing Consulting India in Hyderabad to share knowledge about how Facebook can be used to generate better leads as part of one’s social media strategy. To get a taste of the startup flavor in Bangalore, one can browse through the events listed here.

Knowledge ecosystem building outside startups too

Knowledge sharing is not a phenomenon unique to startups. Large enterprises need it too! Whether knowledge hoarding or knowledge management, many large organizations have a knowledge sharing issue. However, it has been observed that effective sharing of know-how helps large firms progress faster. The knowledge sharing spree among shared offices is also relevant to larger organizations.

As a freelancer or an lonely entrepreneur receiving the benefits of a larger know-how is a constant challenge. Working in a common space encourages a healthy and productive sharing of ideas and know-how. You can also enhance your skills as an entrepreneur and add value to your firm. You can begin your knowledge journey by subscribing to any of the sessions at iKeva’s shared office spaces in Bangalore, Hyderabad, or Chennai.

A world-class shared office space in Bangalore is also a smart way to launch your startup which come with network and membership benefits. Shared offices in Bangalore come with low costs are high benefits of networking and exchanging know-how with like-minded individuals are many, and resources such as common areas are available.


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Build a Virtual Office with Google Apps - iKeva - Quora

Build a Virtual Office with Google Apps - iKeva - Quora | Better Business Everyday | Scoop.it
iKeva India's insight:

The concept of virtual office is going to be even more familiar in the coming days. A recent survey conducted by Virgin Business Media revealed that 60% of employees working in offices would be working from homes by 2022. Of course, with the launch of user-friendly Google Apps, this prediction has a huge chance of coming true.

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Types of Office Rental Agreement You Should Know

Office Space for Rent, Rental Agreement, Leasing Office Space, Plug And Play Offices
iKeva India's insight:

iKeva provides serviced offices with just the right kind of infrastructure designed to be efficient and cost-effective, while ensuring that you can project the right professional image to your clients and employees

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Business Startup Costs, Estimating Startup Costs

Small business startup costs - Estimate the startup costs for your business by making use of simple worksheet to plan and record financing that helps you set up business balances
iKeva India's insight:

Some startup costs are evident and some are hidden, this diaspora compels small businesses to evaluate startup costs before starting. Don’t march off a cliff while planning to start a small business.

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iKeva Business Centre in Chennai, Managed and Serviced Office Space

iKeva opens its third business centre in Chennai - Great opportunity for individuals, Startups & SMEs to have a managed and serviced office space in well-connected and networked business zones with all facilities.

iKeva India's insight:

iKeva has anchored its presence at Chennai, a third city after Bangalore and Hyderabad in the Indian Deccan. iKeva constantly thrives to establish its facilities in well-connected and networked business zones, which ensure smooth facilitation of business for organizations that choose iKeva. It has created an exclusive serviced office space in the corporate hub on the Old Mahabalipuram Road, the Agnitio Park

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5 Trends Catching Up in the Virtual World Apart From Virtual Office Spaces

5 Trends Catching Up in the Virtual World Apart From Virtual Office Spaces | Better Business Everyday | Scoop.it
As cyberspace continues to expand at a rapid pace, companies worldwide are finally embracing the benefits of the virtual options that accompany this technological movement. While remote functionality continues to undergo perpetual transformations, virtual roles and techniques have already begun to change the face of business as we know it.
iKeva India's insight:

Today, even traditional businesses with a legacy are opting for the modern virtual options. The advantages and efficiencies of the virtual world are aplenty, flexible and undeniable, therefore, this is what makes it one of the most opted office solutions for startups. Especially for organisations who seek to push their limits with regards to geographic constraints.

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iKeva - Virtual Offices Packages and Pricing, Virtual Office Services, Virtual Address

iKeva - Virtual Offices Packages and Pricing, Virtual Office Services, Virtual Address | Better Business Everyday | Scoop.it
Ikeva's Virtual Offices packages provides you a professional business address with absolute flexibility to choose the package that best suits your need.
iKeva India's insight:

iKeva provides full furnished and managed office space for your business needs. With iKeva virtual offices, you have absolute flexibility to choose the package that best suits your need. Upgrade and downgrade within packages is equally easy.

iKeva provides full furnished and managed office space for your business needs. With iKeva virtual offices, you have absolute flexibility to choose the package that best suits your need. Upgrade and downgrade within packages is equally easy.
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Enterprise Mobility Solutions- iKeva

Enterprise mobile managament solutions are required by business owners to maximize the potential of their services and accomplish goals.
iKeva India's insight:

Enterprise mobile management solutions are required by business owners to maximize the potential of their services and accomplish goals.

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India's Outsourcing Model Migrating into SaaS Space

SaaS space has grown considerably over past few years and its evolution made investors to bet to find answers to complicated marketing challenges through big data.

iKeva India's insight:

SaaS based Business Intelligence (BI) is one such bulb, born with the action. After Saas, companies like Microsoft foresee the emergence of Software + Service (S+S). S+S combines software from desktop PCs, enterprise computing, the Web and devices while maintaining a rich client experience through various services

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World Top 10 Least Expensive Office Space Rental Cities of India

World Top 10 Least Expensive Office Space Rental Cities of India | Better Business Everyday | Scoop.it
Top Indian cities Hyderabad, Bengaluru, Chennai in the world's top 10 least expensive office space rental markets due to its well connected transport systems for both intra and intercity commutes.
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Hiring Trends in India, Employment Opportunities, Company HR solutions

Hiring Trends in India, Employment Opportunities, Company HR solutions | Better Business Everyday | Scoop.it
Hiring trends in India bringing optimism across business quarters. Companies are giving up special perks for new recruits with positive investments in the HR Solutions for better talent across India.
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iKeva Business Centre | Virtual Office Space in Hyderabad, Serviced Offices Hyderabad

iKeva Business Centre | Virtual Office Space in Hyderabad, Serviced Offices Hyderabad | Better Business Everyday | Scoop.it
iKeva provides serviced office spaces for rent, virtual office meeting rooms at prime business centre in Hyderabad. Startup entrepreneurs can setup plug and play office to kick-start their business.
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Networking 101: How to make a lasting impression

Networking 101: How to make a lasting impression | Better Business Everyday | Scoop.it

Networking can feel like the professional equivalent of speed dating. And, like speed dating, you don't just want to make a good impression — you want to make a lasting one. So, how can you present yourself well and make meaningful connections when it feels like you're making small talk with people who are only half-listening?

The first step is to reframe your concept of networking. At your next event, remind yourself that it's less about empty chit-chat and more about making connections.

How do you make those?

By forgetting everything you thought you knew about networking small talk and, instead, tapping into the science of good conversation! Here are six strategies for being the most popular person to talk to at your next networking event.


Via The Learning Factor
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Maggie Lawlor's curator insight, May 8, 2015 7:06 PM

Networking often feels challenging.  These are helpful tips....

Scott Brown's curator insight, May 10, 2015 4:21 PM

Impressions have an enormous impact!

BombshellConsultancy's curator insight, March 14, 8:27 AM

Here are six #strategies for being the most popular person to talk to at your next #networking #event!

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Large Enterprises also adopting Shared Office Space model

Large Enterprises also adopting Shared Office Space model | Better Business Everyday | Scoop.it
The shared office space model trend is a growing alike among startups and large enterprises. Leasing a shared office space promotes collaboration, it furnishes opportunities to share ideas with other people. The obvious advantage of the model is cost sharing – the expense associated with lease, office infrastructure, and other CAPEX is brought down. However, is that the only reason why coworking spaces appeal to large enterprises? Why is there a rate in increase of adoption in coworking space at Bangalore, Chennai, Delhi and other metropolitan cities? As you will find out, adopting this model provides a host of other benefits:

Create micro sites and mini projects with small budgets

Nowadays, there is a demand for shared office locations closer to their customer locations. Setting up a full-fledged office in a location where every customer resides is not pragmatic. Having understood this, large enterprises also look at project-based sites in a shared office. Such sites require small budgets and provide greater return on investment. It is noticed that large enterprises setting foot in large Indian cities are capitalizing on shared office space in Chennai, Bangalore, Pune, Hyderabad and many other metropolitan cities.

New markets and testing waters in a new country

Sharing office space allows businesses to test new markets with relatively little risk. The example of a multinational oil company is relevant here. The company used a shared office space to run a new market idea. It put together a creative project team consisting of 13 managers from the company and people from adjacent desks. In a few days, the company was able to come up with a set of new ideas to give shape to a new business offering.

Small scale operations or a satellite unit to propel with equal force and sustain the brand in a different location

In a multi-line business, it is important to highlight the company’s brand value in all parts of the world where it intends to conduct business. Engaging the shared office space model, small operating units can be set up in strategic locations. They may or may not follow different business models depending on the requirement and may have personnel working remotely. While such units do not generate huge revenues, they do not require large investments either. Thus, large enterprises find this a cost-effective method of sustaining their brand.

Work space that fosters similar thinking

According to DeskMag’s annual Global Coworking Survey, coworking spaces have been shown to boost the confidence of 90% workers due to the supportive community, as compared to a traditional office. Working from home can be isolating and working in public spaces is distracting. However, motivation and inspiration are always high in a shared space. Members can offer expert advice to each other and learn from informal conversations. Such spaces are based on three factors – participation, open-mindedness, and sharing.

Lease vs Purchase decision

Commonly, traditional commercial leases involve signing long-term leases for up to 24 months. The space leased out is also far more than actually required by the enterprise. Large enterprises that find themselves sitting on under-utilized office space which they cannot release because of the lease period, are increasingly opening them up to coworking. In this way, they can free up cash and increase their working capital.

Large enterprises have started engaging with other local companies by using shared office spaces in Bangalore, since it is onc of the most vibrant business location to start a new business.

Shared office space models have increased by 400% in the last two years due to two very important benefits they can offer – collaboration and community. This trend is set to be the primary means of exchanging know-how for major enterprises.
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Plug and Play Office Space, Traditional Office Space, Co-working Space

Plug and play office space offers variety of advantages over traditional office space to suit your startup needs.
iKeva India's insight:

Plug and play office is a trend growing by leaps and bounds internationally, having finally made its way to the Indian nation and is the perfect embodiment of the term, ‘efficient usage.

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iKeva - Co-Working Spaces, Flexible Office Space, Shared Office Space

iKeva - Co-Working Spaces, Flexible Office Space, Shared Office Space | Better Business Everyday | Scoop.it

Co-working spaces are best suited for those who want to run business on hourly basis from multiple locations like Hyderabad and Bangalore to manage cost and time in flexible environment.

iKeva India's insight:

iKeva's Co-working Spaces are designed to provide flexible use of space supported by uninterrupted internet connectivity. It is ideal for those who need space on an hourly basis, for those who work from multi-locations and those who look for a plug and play office to work flexibly.

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Ikeva Opens Third Centre in Chennai | PressReleasePoint

Ikeva Opens Third Centre in Chennai | PressReleasePoint | Better Business Everyday | Scoop.it
iKeva India's insight:

iKeva provides full furnished and managed office space for your business needs. With iKeva virtual offices, you have absolute flexibility to choose the package that best suits your need. Upgrade and downgrade within packages is equally easy.

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Factors Influencing Office Space in Bangalore

Look at the important factors that influence individuals, startups, corporate and SME's choosing office space in Bangalore.
iKeva India's insight:

Bangalore is a commercial hub and property prices here are at an all-time high. Scouting for the ideal space in the city may not only take a lot of your time, but may also prove to be a tedious task. Startups find it all the more difficult to zero down on an office space as their needs are constantly changing.

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Bitcoin in India

Bitcoin allows transactions from person to person without the need for a central bank or any other third party offering a secure and real time platform.
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Bitcoin allows transactions from person to person without the need for a central bank or any other third party offering a secure and real time platform.

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How Shared Services are Dominating the Outsourcing Industry

Outsourcing industry after 2014 is showcasing a strong trend of emerging traces of shared services over outsourcing a business process. While the outsourcing model is designed to receive a fee from the consumer for the services rendered, shared service model creates a continuum between two service providers along the service consumption cycle, hence reducing the cost incurred by the final service consumer. In the shared service model, two complementing service providers offer services under...
iKeva India's insight:

Shared services enable companies to enhance their capabilities and allow the firm to be more responsive to emerging market trends.While outsourcing would make the firm dependent on a third party, shared services allow the companies to monitor back-office functions and business processes

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Cloud Computing For Accountants - iKeva

Cloud computing has grown significantly over last few years and is now adopted by several business and specially for accountants for tax applications.
iKeva India's insight:

Cloud computing has grown significantly over last few years and is now adopted by several business and specially for accountants for tax applications.

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Shared Office Space in Chennai, Coworking Solutions, iKeva Business Centre

Shared Office Space in Chennai, Coworking Solutions, iKeva Business Centre | Better Business Everyday | Scoop.it
iKeva launched its third business centre in OMR, Chennai and provides shared office space with coworking network for startups who want to be part of successful entrepreneurial brigade.
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Positive Trend of Office Space Rental Market in India

Positive Trend of Office Space Rental Market in India | Better Business Everyday | Scoop.it

Positive trend in hiring and taking rental office space by startup entrepreneurs in Indian market is due to new government steps to focus on inclusive growth in all sectors through single window clearances.

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iKeva to Launch its Third Centre in Chennai

iKeva to Launch its Third Centre in Chennai | Better Business Everyday | Scoop.it
iKeva has announced the launch of its third centre in Chennai. Following successful endeavours in Hyderabad and Bengaluru.
iKeva India's insight:

Successful launch of third service centre in india with in gap of year.

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