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Message from discussion Business Model Study Group
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Alex Hillman  
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 More options Nov 14 2012, 1:49 pm
From: Alex Hillman <dangerouslyawes...@gmail.com>
Date: Wed, 14 Nov 2012 13:48:54 -0500
Local: Wed, Nov 14 2012 1:48 pm
Subject: Re: [Coworking] Re: Business Model Study Group
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Brilliant observation Jacob, 100% agreed.

--
/ah
indyhall.org
coworking in philadelphia
Got Community? http://masterclass.indyhall.org

On Nov 14, 2012, at 1:38 PM, Jacob Sayles <ja...@officenomads.com> wrote:

> Keeping expectations in check is key!  It's hard to know how many spaces that have closed are because they expected huge returns or blew their budget building infrastructure that didn't pan out.  These are not examples of how coworking isn't profitable but it's hard to sort that kind of thing out from only headlines.

> Jacob

> ---
> Office Nomads - Individuality without Isolation
> http://www.officenomads.com -  (206) 323-6500

> On Wed, Nov 14, 2012 at 8:39 AM, Craig Baute - Creative Density Coworking <baut...@gmail.com> wrote:
>> I do think the coworking business model is immature but proven to work. The coworking world has many successful stories and many failures, but we are within the failure and success rates of any other business and in many cases doing better. What I think the coworking business model does need to explore is additional revenue sources beyond just memberships that benefit the members. There have been several previous discussions in this groups about alternative sources - sponsorships, classes, add ons like mail or printing - but these models and the process of launching them have not fully developed. I think these need to explored more in the open because I don't think a lot of us share these stories.

>> I also think keeping new spaces expectations in check and doing a proper cost and revenue analysis combined with proper runway funding would be the biggest benefit to discuss. My gut instinct is that a coworking space is many space owners first time taking on a large sum of fixed expenses versus having a service based company and can have new challenges.

>> I'm finishing up a book right now and Alex is working on one as well that discusses the business aspect of coworking to address some of these problems. I would be happy to contribute some of the spreadsheets and pricing models and insights that will be in the book to the conversation.

>> Craig
>> Creative Density
>> --
>> Visit this forum on the web at http://discuss.coworking.com

> --
> Visit this forum on the web at http://discuss.coworking.com


 
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