I love geeking out about this stuff and noodling on business plans. Count me in. We tend to lean on the simple side of things and only have one revenue stream: memberships. I think there are a lot of projects that fit the three points you bring up Craig that, if done right, bring in more members, and keep the members you have happy. Personally I find this approach easier to manage because there is only one source of revenue to track and individual initiatives don't have to live or die by the numbers. That's my take and I also have five years of numbers to play with.
Jacob --- Office Nomads - Individuality without Isolation http://www.officenomads.com - (206) 323-6500 On Wed, Nov 14, 2012 at 6:41 AM, Mojo <cr...@mojocoworking.com> wrote: > Hi Jeff, > > I own a space in Asheville, NC and recently expanded which has created a > bit of additional financial pressure - so I am always in the process of > noodling my coworking model as well. Fortunately I am founder and creative > director of Native Marketing (my day job) which helps balance out the > dollars. Now that I've been a coworking space owner for nearly 2 years > it's a lot easier to see the larger financial picture and learn from > mistakes. I agree that it would be a good idea to get together and share > with each other, but I believe having each member simply provide their > pricing models and operating expenses (vs. full open accounting) is all > that's really necessary. I'm also a fan of identifying and developing new > revenue streams that (1) benefit coworking members, (2) add to the > coworking space bottom line and (3) help build the coworking community. > I'm moving fast forward on one such idea now and hope to present at GCUC > in March. > > Jerome - please keep me posted on the timing specifics of the June SF get > together. > > - Craig > > > On Tuesday, November 13, 2012 11:29:43 PM UTC-5, Jeff Gunther wrote: >> >> Hello, >> >> I've been watching all of the Loosecubes news traffic today and >> reflecting on my own experiences over the past few years. >> >> Although I own a profitable space in Virginia, my ultimate conclusion is >> that coworking's business model is at best immature, at worst still >> unproven. We all know of spaces that have financially failed, but we still >> haven't done much as a community to change the outcome. >> >> Are any space owners interested in creating a private group of peers to >> study each other's financials? To join the group, each participating space >> would be required to openly share their income statement and balance sheet. >> >> If your interested, please email me offline. >> >> Best regards, >> >> Jeff Gunther >> OpenSpace >> 455 Second Street SE, Suite 100 >> Charlottesville, VA 22902 >> > -- > Visit this forum on the web at http://discuss.coworking.com > > > -- Visit this forum on the web at http://discuss.coworking.com
