Posted 3.09. 2019 by Cekindo / Last update on 27.12. 2019
Every startup success has a humble beginning. We are sure that you have heard stories of the movers and shakers who used to work from their basement or garage. Then, they finally made great stuff and went on to conquer the world – it sounds all too familiar. However, as an entrepreneur in Ho Chi Minh City, Vietnam, you don’t need to work from a messy basement anymore in the very early stages of your startup in this era. Over the years, the way we work has evolved to a point where almost everyone can start their own business anywhere, anytime with minimum investments, by leveraging the advanced technology and coworking space in Ho Chi Minh City.
Known as the “workplace of the future”, coworking spaces are springing all over Vietnam, especially in Ho Chi Minh City, because of the attractive benefits they provide. In this article, you will know why coworking spaces are ideal for early-stage startups.
It is Affordable
A startup doesn’t gain profit at the early stages. It takes time for a business to make a presence and earn its reputation before the money starts rolling in. In this case, a coworking space is a perfect option where they can get all the convenient amenities and facilities similar to a traditional office at a much affordable price.
So, what to do with the rest of the cash? You can use them on your product development and marketing to grow your business.
It Enables You to Test the Market
Do you know that 50% of startups will not survive after four or five years? It may be shocking to you but it’s a hard fact. Therefore, the flexibility and lower commitment that a coworking space in Ho Chi Minh City provides enable you to test the market of your industry.
You can also use this opportunity to study the factors why some businesses of the same industry failed and identify the potential risks that may arise in the future. Coworking spaces buy you both time and money for your startups to build a more solid foundation and sustain longer in the competitive business environment in Vietnam.
You Have the Most Flexibility
We all know that change is the only constant thing. So do expect that you are going to grow your business at some point in the future (or scale down due to the change of business environment or business model). However, the future is not what we can control when it comes to business.
Therefore, having your own office at the early stages of your startup is considered a huge commitment in terms of costs and responsibilities, not to mention the legal risks if you’re not familiar with the local regulation.
By opting for a coworking space in Vietnam, you have more flexibility than you can imagine. You only use it when you need it, and you can come and go when you want without the office hour restriction.
The best part is when you are ready to have your own physical office in Vietnam, you can leave the coworking space with no string attached while enjoying the benefits, i.e. profit generation, brought by the contacts and foundation you have built during your time at the coworking space.
Cekindo offers different coworking space membership options that are tailored to fit different startup requirements in Vietnam.
Our coworking space solutions in Ho Chi Minh City come with benefits that enable your business to be flexible and your team to be more productive:
Get in touch with us today to know more about our coworking space by filling in the form below.