Introduction
spacelogix
in the central part of North Carolina. After doing the standard
business plan, financing, research marketing and site location
scouting I feel that I am ready to launch. Now, the big question. How
profitable and sustainable has this been for those in this group that
have started a location? Important stuff I believe we would all agree.
Thanks!
Loretta Kane
> Date: Sat, 19 Dec 2009 10:23:05 -0800
> Subject: [Coworking] Introduction
> From: dar...@spacelogix.com
> To: cowo...@googlegroups.com
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Kelly Brown
there are so many factors that will determine success, failure, or
level of profitability.
Not the least of which is location, location, location -- and the
dynamics of your local economy.
i.e. Akron, Ohio doesn't have as many freelancers & independents per
capita as say....Seattle, San Fran or NYC.
That said - we're growing every month and people are excited about the
concept.
We've been at it 15 months and expect January to be our break-even
month....(wohhooo!)
Someone once told me -- 'double the time, double the expense & half
the profit you expected -- that's the reality most businesses are
faced with the early years of its launch.'
That has proven to be true for us.
We've had to adapt the model for a midwest sensibility about space &
privacy, while slowly introducing elements that our members can
embrace re: collaboration and education.
So -- yeah -- i'm confident we'll be profitable.
And once we get there -- given the steadiness of growth -- it will be
very sustainable.
Best of luck!
Kelly Brown
Office Space Coworking
www.officespacecoworking.com
spacelogix
Thanks for your input. Same here in the South as far as the dynamics
of a regional area. I believe we all do this not just for a business
but for some passion we have. That as well is a model for success.
This is not a whole new business idea but is a spin on an existing
model. Niche market that fills a need. Good stuff and best of luck.
Darryl
On Dec 20, 9:01 am, Kelly Brown <kelly.br...@officespacecoworking.com>
wrote:
Mike Pihlman
late March 2009). My plan was to give it one year.
My wife and I have decided to go past that even though the TVO is still
making us dip all too regularly into our savings.
Why?
1. We have a GREAT diverse core of members and a couple of "mascots"
(their term) who have come to understand and love coworking..
2. The past two months we have seen a marked increase in interest. (And
now a local Executive Office location started calling themselves Tracy's
Virtual Offices...interesting.). If everyone who has come in and
expressed interest in the past 2 months signed up, we'd be making a
profit now.
3. Commuters are starting to find us, and now the Air Quality board is
starting to push (however weakly) "telecommuting" in the Central
Valley...(Ricardo, we should chat!)
In short..even though we are in small town commuter heaven, and a
bedroom community, there are people out here (consultants, small
business, and maybe even commuters) who can cowork....it is just a
matter of, I THINK, hanging in there long enough.
Kelly: Congratulations on breaking even! I agree with your double
statement......but also double the satisfaction of finally doing what
you love. :-)
Happy Holidays to all....
Mike
On 12/20/2009 6:01 AM, Kelly Brown wrote:
> Hi,
> there are so many factors that will determine success, failure, or
> level of profitability.
>
> Not the least of which is location, location, location -- and the
> dynamics of your local economy.
> i.e. Akron, Ohio doesn't have as many freelancers& independents per
> capita as say....Seattle, San Fran or NYC.
>
> That said - we're growing every month and people are excited about the
> concept.
> We've been at it 15 months and expect January to be our break-even
> month....(wohhooo!)
>
> Someone once told me -- 'double the time, double the expense& half
> the profit you expected -- that's the reality most businesses are
> faced with the early years of its launch.'
>
> That has proven to be true for us.
> We've had to adapt the model for a midwest sensibility about space&
> privacy, while slowly introducing elements that our members can
> embrace re: collaboration and education.
>
> So -- yeah -- i'm confident we'll be profitable.
> And once we get there -- given the steadiness of growth -- it will be
> very sustainable.
>
> Best of luck!
> Kelly Brown
> Office Space Coworking
> www.officespacecoworking.com
>
>
> On Dec 19, 1:23 pm, spacelogix<dar...@spacelogix.com> wrote:
>
>> Hello my name is Darryl and I have been working to start a coworking
>> in the central part of North Carolina. After doing the standard
>> business plan, financing, research marketing and site location
>> scouting I feel that I am ready to launch. Now, the big question. How
>> profitable and sustainable has this been for those in this group that
>> have started a location? Important stuff I believe we would all agree.
>> Thanks!
>>
> --
>
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>
>
--
Mike Pihlman
TracyVirtualOffice
"A Coworking Community"
95 W. 11th Street, Suite 203
Tracy, CA 95376
Mobile: 209-608-4340
Web: TracyVirtualOffice.com
Twitter: @TracyVirtOffice
Skype: tracyvirtualoffice1
brian difeo
I've known about coworking for a couple of weeks and it is time for me
to formally introduce myself... I am the Community Manager at the Hive
at 55, a new coworking space in Lower Manhattan, NYC. I am learning a
lot from this group and the discussions you all are having, and I look
forward to positive collaboration in the future. If you want to
contact me directly you can email me at brian...@gmail.com, and if
you are in NYC stop by to see the space!
Cheers,
Brian