When operators/owners hire Community Managers, they have often been running the space themselves for some time and get really anxious about replacing themselves with someone who cares as much as they do about the business.
One way to align interests is to create a bonus structure that rewards the community manager based on revenue, or memberships closed. On this episode, I consider the Community Manager role and determine what type of compensation structure aligns well with the responsibilities of the typical Community Manager.
Selling 5/10 Day membership passes can be dangerous to your coworking business...specifically your bottom line.
In this episode, we discuss:
- Why we are tempted to sell uber flexible memberships
- The math that makes them dangerous
- When there's a time and a place for very "light" membership options
For the full show notes click here.
Dan Zakai has been busy. He co-founded the first Mindspace location in 2014 and has grown the brand to 30 locations across multiple countries over the past 6 years.
- His vision for the business as they opened their first location and how that's evolved
- How he thinks 2020 will play out for the coworking industry
- What it's like to operate a team across multiple countries
- How Europe and the U.S. coworking markets are different
- How they are leveraging management agreements to continue their profitable growth
- And more...
View the full show notes here
What's the goal of focusing on the right things in your coworking business in 2020?
1. Get more members
2. Keep more members
3. Make a bigger impact and meet your financial goals
In this episode, Jamie Russo provides a detailed walkthrough of the five things you can focus on in your business this year to get results.
1. Creating systems in your business that help you to consistently hit the fundamentals that drive your business forward
2. Training and developing your team so that you can work "on" the business while they work "in the business," and so that you can support their professional development and retain your strong team, longer.
3. Getting found first! Consistently focusing on local search will help you get found first so that you can get potential members through your door and wow them with your tour.
For the full show notes click here