In this episode, we talk about why WeWork failed (the simplified version) and why WeWork’s failure isn’t correlated to the ability of an independent operator to be profitable and successful.
We cover:
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The short version of the rise and fall of WeWork
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WeWork’s historical focus on growth over unit economics.
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How independent operators and asset owners can focus on unit economics, local market knowledge and sustainable growth to create and grow a profitable business
Resources Mentioned in this Episode:
How I Did This: Expanded to Multiple Locations
Lemonade stand plans on Pinterest
Our lemonade stand! We had to transport it to the park where we could access foot traffic :)
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