Heard of virtual office space?

As the world becomes more and more digitized, an increasing number of people are working remotely. According to GlobalWorkplaceAnalytics.com, telecommuting has grown by 103% since 2005. And according to a study by FlexJobs.com, the number of people who worked from home at least part-time increased by 115% between 2005 and 2015. In a post-Covid 19 world, these figures have touched an all-time high.

So, what’s a virtual office?

Virtual office space is a type of office space that allows you to work from anywhere with an internet connection. This could be your home, a co-working space, or any other location that has the necessary equipment.

With a virtual office, you have access to all of the necessary tools that you need to run your business, including a physical address for your business and mail handling.

This is an excellent option for entrepreneurs and small businesses who want the perks of working from an office without the hassle or expense. A virtual office can be used by entrepreneurs and small businesses as a way to project a professional image and enable them to take advantage of all of the services offered by a physical office, such as answering phones, mailing addresses, and meeting spaces.

What are the benefits?

The benefits of virtual office space are many. Perhaps the most obvious benefit is cost savings. With no need to pay for or maintain a physical office space, companies can significantly reduce expenses related to occupancy, equipment, and supplies. Moreover, by utilizing advanced technology tools such as video conferencing and online meeting software, workers can collaborate with colleagues and clients from anywhere in the world at any time. This flexibility allows employees to work from home, save on commute costs, and balance work and family responsibilities more easily.

What is a Collaborative Workspace?

Creativity flourishes in an environment of collaboration. A great deal of evidence corroborates this, both for individuals and teams. When people come together to share their diverse ideas, they can generate more novel solutions. The reason for this is that we are constantly influenced by the thoughts of those around us. Our brains are hardwired to constantly scan our environment for information that is relevant to our current task. When we expose ourselves to a variety of different viewpoints, we increase the number of potential connections between ideas. And this is one of the main reasons why collaborative workspaces are in high demand now.

A collaborative workspace is a work environment where like-minded entrepreneurs, teams, and digital nomads from a wide variety of industries work side by side and share ideas and collaborate on projects. The physical space might be an office, a cubicle, or even just a designated corner of a room. The important thing is that the space is designed for collaboration, with suitable furniture and equipment, and that team members are encouraged to use it. Such workspaces can help team members feel more connected and engaged in their work, which can lead to better results.

Key benefits of a collaborative workspace are

  • Access To New Ideas
  • Networking opportunities
  • All-inclusive amenities & Cost-efficiency
  • Agility to move at the speed of business
  • Tech-enabled workspace in prime locations

At Kerala IT, we understand that collaborative workspaces are in huge demand. We have great collaborative workspaces – including warm shell offices and plug and play spaces at all three tech parks in the state. Do get in touch with us for more details.

3 creative ideas for resumes

A resume is your first step in making an impression for the dream job you want. Every company goes through a thousand applicants when they are hiring. In that frenzy, you’d want yourself to stand out. To make an impression or to be unique is a daring task to do, and that’s why here are 3 creative ideas for resumes to help you make an outstanding impression.

Use designing software
Try to use graphic design software or templates when you’re making your resume. If you are applying for the job of a designer or want to stand out as a creative person, a creatively designed resume will give you more chances than the regular, conventional ones

Express yourself
Showcase who you are and your unique skillsets to make you stand out from the sea of applicants

Focus on the company
Focus on what kind of resume your target company might be interested in and tailor your resume around that. A well-designed resume can grab the attention of a designing company, whereas a video resume format can impress people looking to hire video creators.

What are the 3 major skills required for entrepreneurs?

Since entrepreneurship has grown to be a kind of lifestyle rather than a business, there is a need to properly acknowledge the skills an entrepreneur should require to begin their journey. The process of entrepreneurship entails much higher risk than any other business as they might be progressing through unconventional routes. To achieve success in the journey, every entrepreneur should have skills that can make them stand out from the rest. From those, the main 3 identifiable skills are:

Communication skills
It is essential for an entrepreneur to have strong communication skills to properly convey ideas to clients, interact with teammates and become a good leader. A higher degree of verbal and non-verbal communication skills is key.

Business skills
It will allow entrepreneurs to properly manage a business and to identify that the business goals are being met. Business skills include proper team management, multitasking, and taking crucial business decisions.

Critical thinking skills
It is an extremely important skill for an entrepreneur to have critical thinking skills as it will help them to make rational decisions by objectively analyzing information.

The way to master the art of time management

Time mastery is possible for anyone willing to learn the art. Unfortunately, many people go through life feeling rushed and constantly behind schedule. This is often because they have not learned how to effectively manage their time. Time management is not a skill that comes naturally to most people; it must be learned. And once it is mastered, it can be applied to every area of your life, from work to family responsibilities to personal time.
There are a few steps you can take to improve your time management skills and utilise the maximum of your day.

  • Set defined goals
    Setting well-defined goals on what you want to achieve can massively impact your productivity and improve your overall wellbeing
  • Take things one at a time
    Trying to handle everything at a time will be exhausting and time-consuming. It is efficient to take on one thing at a time.
  • Manage your priorities
    Have a clear idea of your priorities. Keep watch on them and do things accordingly. Learn how to do certain things effectively. This can help you to achieve maximum results in a minimum amount of time.
  • Have a routine
    Having a routine will clear the uncertainty from your mind to work at the time where you feel most productive. Have consistent results and, over time, achieve significantly greater results.

In short, it is about how smart you work!

What are the different types of NFTs?

Cryptocurrencies and blockchain technology have brought about a new way of conducting transactions, and with it, a wave of digital assets. These assets take many forms, but one of the most interesting is that of non-fungible tokens or NFTs. NFTs are unique in that each one is different from the next, and they can be used to represent anything from digital Collectibles to real-world assets. In this article, we’ll take a look at the different types of NFTs.

The 5 prominent entries in a non-fungible tokens list would include the following,

Collectibles & Artwork
Scarcity, uniqueness, and proof of ownership were traits associated with art in the physical world. With Digital art being popular, there are more who go the NFT way. As a result, creators are able to own and sell their digital work, which leads to a whole new market for original digital art and collectables.

Event tickets
Picture this. There is an event you are planning on attending. The event manager could mint a certain number of NFT tickets on a blockchain platform of their choice. Tickets could be purchased through an auction and stored in the customers’ wallets for easy access via mobile devices. How cool will that be?

Music and media
Music and media are also performing experiments with NFTs, thus leading to another category of NFTs. And Bollywood celebrities are also hopping on this bandwagon.

NFTs have attracted a great deal of interest among game developers.
By allowing users to access ownership records for in-game items, they can encourage the growth of in-game economies.

This does not mean that we are leaving out other types of NFTs. You can also see that NFTs are revolutionising Virtual items, Real-world assets, Identities, Memes and Domain names too!

Three Steps in Startup Acquisition

If you thought that COVID 19 brought the world to a standstill, think again. According to a White & Case report, mergers and acquisition activity in India recorded 598 deals valued at $112.8 billion during 2021, which is a new record. This year, they say, will not be any different.

These days, mergers and Acquisitions are the norms, especially in the startup ecosystem! In simple terms, an acquisition involves buying a company that has gained traction in the market by another company with similar interests. However, there are cases where startups acquire new startups too. So, what are the steps in an acquisition? Let’s take a look.

Step 1 is always about having the right plan

Why are you thinking about buying a new company? It could be for finding new markets, getting advanced technology, geographical growth, or increasing the Geographic growth strategy and market share. This makes defining the plan an essential component.

Step 2 Research and build an Acquisition Team

Once you have a plan in place, you need to find which startup will suit your requirements. This needs research. Once you have identified what you need, you build a team of negotiators who can make the deal.

Step 3 Signing on the dotted line

Once you have everything in place, make the deal, negotiate the terms, check the paperwork, and sign the contract.

Reference: India M&A sets new records in 2021

How to use blockchain in financial services

One of the leading innovations in the finance industry, Blockchain technology is decentralised, distributed, and is a public ledger that promises to reduce fraud, ensure quick and secure transactions and trades, and ultimately help manage risk within the interconnected global financial system.

Blockchain technology impacts Capital markets by its decentralization feature. By providing portfolio digitization and transaction confidentiality, it makes a huge impact on the asset management of stakeholders. Quick and secure transaction facilities provided to retailers, wholesalers, and banking institution makes the practice of global payment transaction seamless.

The digitization of assets makes the process of verification and transaction of documents so much easier. This can aid in the creation of efficient and reliable financial structures. The technology affects insurance by automating claims processing and efficient payouts; this results in breaking away from the traditional brokerage systems.
All these above-mentioned processes encourage the importance of adopting blockchain into the financial system, where people can break free from the shackles of traditional establishments and have the freedom to choose.

How to become a web3 Developer

The introduction of web3.0 has shattered the idea of the internet, which we have all known for a long time. The introduction of blockchain technology has changed everything from the usage and ownership of digital assets to financial institutions.

Before you begin your journey of becoming a web3 developer, there are a few prerequisites, such as knowing JavaScript and web development in general.

Having a proper foundation is necessary so that you can being to learn the fundamentals of blockchain. Even though the name sounds harmless, you should not be taking it lightly. It is a complex piece of tech that requires extensive knowledge to master.

After understanding blockchain, you should learn about smart contracts. Which is code deployed onto the blockchain. Following smart contracts, you can learn solidity, a language that is used extensively, which allows developers to build smart contracts on Ethereum VM.
And after gaining thorough knowledge on all of these, you should be able to create a proper portfolio and deploy your test net to showcase your skills and put yourselves out there so the right people can find you.

Types of Office Spaces

While much has been written about the post-pandemic workspaces, there is no denying the fact that offices will continue to play a crucial role in our lives. Here’s a deep dive into the types of office spaces and the transitions that will define the future of workspaces.

1) Traditional Office
The most basic of office layouts, there is no doubt that the traditional office space is the most functional one. An open floor plan. Rows of desks and furniture arranged to enhance the productivity and performance of the teams involved were the hallmark of this layout. However, this layout is undergoing a sea of change in the post-Covid 19 world.

2) Business Centers
A business centre is a physical place providing office solutions to all types of businesses and organisations. They are generally a group of buildings that houses many smaller offices located in premium areas of any city and provide premium services to their tenants.

3) Shared or Coworking space
As the number of web-based -entrepreneurs and freelancers grew, they needed an alternative to working from the garage or the coffee shops – the result was the coworking space. Since its birth in the 2000s, coworking spaces have now evolved into a global phenomenon. If you are someone who swears by flexibility, along with convenience, coworking is the way to go. And it is a great value proposition too, especially if you are a startup. The IT parks across Kerala offer co-working and plug and play office spaces. Contact us for more details

4) Future-ready workspaces
Rows of desks. An open floor plan. Teams sitting and working together. This was the all-familiar sight before the Covid 19 pandemic changed life as we knew it. We have moved on. The office spaces of the future will follow the go green philosophy, flex for success and embrace outdoor spaces. Read more about the changes that the big names in tech have already adapted here.