As technology advances, those outside of the tech industry, including small business owners (SMB’s), are often left behind and competitively disadvantaged.
TBM, a prominent Japanese firm, facilitates the efficient identification and procurement of environmentally sustainable commodities by corporate businesses.
The office space provider operates across seven cities and 50 locations. It claims to have more than 70,000 members and 90,000-plus desks totalling to 6.5 million sq ft. Its member base includes around 80% enterprises with 20% clients coming from SMB, entrepreneurs and the startups segments. “We have seen average prices going up by 10% annually to Rs 20,000 per seat at our centre, with average occupancy of 82%,” said Virwani.
In the event of unexpected events such as natural disasters, accidents or legal liabilities, insurance can help cover the costs, preventing severe financial setbacks that could otherwise cripple an SMB.