• Thursday, March 28, 2024
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Work Hive opens opportunity for millennials to start business without office space cost

Work Hive Co-Work Space

In response to globalization and the dire need of technological-driven office space at reduced cost by Nigerian millennials, Work Hive Co-Work Space  has opened in a serene Ikeja area of Lagos, Nigeria.

The co-work space which is a product of the corporate innovativeness of Nikoy Nigeria Limited is aimed to enable these millennials and start-ups begin their business without undertaking the burden of renting an office and providing all the needed facilities along with security.

Nikoy Nigeria Limited is the parent company of Work Hive Co-Work Space and, according to Olawale Oyedele, chairman of the parent company, the co-work space was intended to create a global working environment for these millennials  who are the future drivers of Nigeria’s economy.

Mojisola Oyedele, the managing director of the new company, affirmed that their target market were the millenials within the ages of 21 and 24, start-ups and young professionals. “The young professionals can come to Work Hive and rent a space for one hour or two; they can also go for daily or monthly rate. It all depends on the work. All the facilities which are obtainable in a conventional office are available here including internet facilities, power supply, and furniture”, she assured.

According to her, Work Hive takes away all the burden and challenges associated with renting and managing an office space, assuring further that their services which are unique in that part of Lagos was affordable  in all the rates they offer—hourly, daily, monthly and annual rates.
Work Hive Co-Work Space was unveiled at the weekend along with a sister company, Ace Wash N Laundrumat which, in its basic form, is an advanced dry cleaning method that is in  vogue in the developed economies. It focuses on the imperative of modern-day technology which is the love of the millennial teeming population.

Laundrumat which is a self-service business of dry cleaning which can be done at the shortest possible space of time and at affordable cost is gradually emerging in Nigeria. The concept of  is not new in developed economies but it is in Nigeria.

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“The difference between Laundrumat and the normal laundry services that people use is that it allows you to bring your clothes by yourself, do the washing and drying by yourself. All these services are supposed to be completed within one hour unlike the normal laundry services that take some days before clothes get back to the owner”, Oyedele explained.

“This innovation is cheaper”, he said, adding that 25 pieces of clothes cost less than N2,000 for both washing and drying. “This is because we are using advanced technology and also applying the law of large number which means that the higher the number, the lower the price. Advanced technology gives less cost per unit. It takes an average of 25 minutes to wash your clothes and another 20 to 25 minutes to dry the clothes. So, everything is done under one hour”, he assured.
Oyedele also informed that Laudromat provides a wide range of cleaning and drying all categories of clothes, including bed sheet, pillow cases, towel etc. Apart from self-service, there is drop-off laundry which is handled by a professional for just an extra token. The new dry cleaning method saves cost, reduces stress, turns around time and minimizes stockpile of dirty clothes.

Olusegun Osunkeye, who chaired the event, commended the initiatives, and urged the government to create enabling environment for entrepreneurs through the provision necessary infrastructure.

“The industrial sector is facing problems of access to finance, power, skills and infrastructure”, he noted, describing  the government’s new Housing Bill that requires banks and insurance companies to set aside 10 percent of their profit before tax for national housing fund as vexatious.

 

CHUKA UROKO