In this episode, explore the end-to-end process of selling a coworking space. We dive into when to sell, preparing your space, valuing your business, identifying potential buyers, and negotiating the deal. Whether you're considering selling due to personal life changes, retirement, or a shift in business interests, this episode is designed to prepare you for each stage of the process.
Resources Mentioned in this Episode:
Business Made Simple Podcast on Selling your Business
Everything Coworking Featured Resources:
Masterclass: 3 Behind-the-Scenes Secrets to Opening a Coworking Space
The Everything Coworking Academy
Creative Coworking Partnerships: How to negotiate and structure management agreements from the landlord and operator perspective
This podcast episode is Part II of a two-part series. If you missed Part I, go back to episode 307!
Brian Watson is the founder of Alt Space.
Alt Space has 7 locations, no employees, and hundreds of happy customers...
In Part II of this series on automation, I talk with Brian about how automation makes sub- 5,000 sq/ft coworking financially sustainable while increasing reliability and consistency for customers.
He walks through the four customer types that the Alt Space automation program ideally serves.
He describes how the automation frees up the human ambassador or Community Manager to focus on hospitality, community building, etc.
Resources Mentioned in this Episode:
Book a Demo: https://altspacecowork.com/early-access
Brian and Everything Coworking’s first episode on Youtube: Making Small Coworking Spaces Sustainable Through On-Site Automation
Everything Coworking Featured Resources:
Masterclass: 3 Behind-the-Scenes Secrets to Opening a Coworking Space
The Everything Coworking Academy
Creative Coworking Partnerships: How to negotiate and structure management agreements from the landlord and operator perspective
This episode has two parts - this is Part I of two.
Brian Watson has been iterating an approach to "ambassador" staffed coworking. He centralizies and automates as much of the sales process, operations, marketing, etc. as possible and lets his on-site ambassador focus on meaningful human interactions.
The template for a coworking business model includes a full-time Community Manager.
But we know that Community Managers spend a lot of time on things that aren't...community-related. In our conversation, we talk about the systems and technology Brian is putting in place to create alternative staffing models.
Resources Mentioned in this Episode:
Book a Demo: https://altspacecowork.com/early-access
Brian and Everything Coworking’s first episode on Youtube: Making Small Coworking Spaces Sustainable Through On-Site Automation
Everything Coworking Featured Resources:
Masterclass: 3 Behind-the-Scenes Secrets to Opening a Coworking Space
The Everything Coworking Academy
Creative Coworking Partnerships: How to negotiate and structure management agreements from the landlord and operator perspective
In this episode, we feature a special guest: a female coworking space owner who has created a coworking space specifically for women. Join us as we explore her journey, discussing the motivations behind her space, the unique offerings it provides, and the challenges she has faced. Gain valuable insights into the benefits of coworking for professional and entrepreneurial women, and discover how this dedicated space fosters a supportive and empowering environment.
Whether you're a coworking space operator, an entrepreneur, or simply interested in the coworking phenomenon, this episode offers a glimpse into the experiences and successes of a woman who is making her mark in the industry. Tune in for an insightful conversation about the evolving landscape of coworking and the impact it has on women in the workforce.
Resources Mentioned in this Episode:
Everything Coworking Featured Resources:
Masterclass: 3 Behind-the-Scenes Secrets to Opening a Coworking Space
The Everything Coworking Academy
Creative Coworking Partnerships: How to negotiate and structure management agreements from the landlord and operator perspective