Furniture poses many challenges to coworking spaces - the biggest two are:
1) Furniture is a significant start-up cost for coworking and other space-as-a-service offerings.
2) It’s pretty hard to predict exactly what pieces you need to best support your future membership.
If you want to run any sort of custom, “HQ”-type model for your space-as-a-service customers, you need access to the right furniture at the right time. Feather solves this problem and WeWork is all over it.
Everything Coworking Featured Resources:
Masterclass: 3 Behind-the-Scenes Secrets to Opening a Coworking Space
Creative Coworking Partnerships: How to negotiate and structure management agreements from the landlord and operator perspective
Resources Mentioned in this Podcast:
Ilyse Kaplan, President, and COO at Feather, gives us the details on how their model works and how you can participate.
On this episode, I answer three questions from the Everything Coworking Facebook Group on working with investors, using a management agreement template from someone else's deal, and managing phone booth usage.
Everything Coworking Featured Resources:
Masterclass: 3 Behind-the-Scenes Secrets to Opening a Coworking Space
Creative Coworking Partnerships: How to negotiate and structure management agreements from the landlord and operator perspective
As a coworking business owner, you gotta know your numbers. Do whatever it takes to get into the habit of reviewing your goals and progress against those goals every single week.
The most important numbers on your score card at the beginning of 2022 are:
- How many tours do I have booked?
- How many show up?
- How many convert?
- Where are those leads coming from?
What “product” are they interested in?
Knowing these numbers will help you predict the time it will take to get to full occupancy (our goal!) if everything stays the same in your business. It will also give you the documentation and confidence you will need to sell a bank, an investor, a spouse, or a landlord partner, on funding for a new location.
Here are the resources we mention in the podcast if you want to grab them:
Everything Coworking’s Ultimate Guide to Coworking KPIs
Not fancy sample Coworking Scorecard
The book Traction (must read!! And get the paperback, not the Kindle version)
Also….while you’re here…if you’re on Apple Podcasts, go back to the main screen for this show, scroll down past the episodes and leave us a rating and review! To leave a written review, you have to click the “Write a review” link under the sample rating you see on the screen.
Thank you in advance!
Jim Heid is my guest on this episode. Jim has accumulated 40 years (yikes!) focused on the built environment - how we build community, how we improve the quality of life in towns and cities, and how real estate development can and should play an outsize role in improving people's lives.
From consulting, founding innovation companies, to real estate development for my own account, common threads are innovation, sustainability, creating stronger connections to the environment, and helping clients and communities make better decisions through improved processes, better information, and constructive examples and dialogue.
Jim is….
A built environment entrepreneur
Author of Building Small
Founder of Craftwork Coworking in Healdsburg, CA
In this episode, Jim and I talk about:
- Jim’s background
- The value of building small
- Why coworking for small developers - how it fits in to the value system of building small
- Why coworking for Jim in Healdsburg
Everything Coworking Featured Resources:
Masterclass: 3 Behind-the-Scenes Secrets to Opening a Coworking Space
Creative Coworking Partnerships: How to negotiate and structure management agreements from the landlord and operator perspective
Resources Mentioned in this Podcast:
Jim’s Book: Building Small