FYI, the hotels do it via some data company(ies) who then sell the data so everyone knows the competition. Anyone know how they initially got started way back when?
JEROME CHANG CENTRAL: Mid-Wilshire 5405 Wilshire Blvd (2 blocks west of La Brea) | ph: (323) 330-9505 EAST: Downtown 529 S. Broadway, Suite 4000 (@Pershing Square) | ph: (213) 550-2235 NORTH: Pasadena (Opening 2016 Q2!) 600 E. Colorado Blvd. (@Los Robles) On Jan 11, 2016, at 9:15 AM, Jacob Sayles <ja...@officenomads.com> wrote: > We use our own system, Nadine, and Xero, and Excel. I like the idea of the > dashboard, but the monthly meeting really is key. It takes a little time and > attention to look through the numbers. > > Some time ago I was pitching the Open Coworking Database where we all feed > numbers in to a central, neutral repository for data analysis. I even > started working with Steve King on this but we found people have a hard time > being so totally open with their data, even if their identity is shielded. I > still like the idea and think there is a way to do it. > > Jacob > > On Mon, Jan 11, 2016 at 4:48 AM, Matt D. <m...@theskillery.com> wrote: > Thanks, Tabari. > > We use a few main tools to track our data: > > First, we use Cobot to manage our coworking space, and Cobot does provide us > with some basic analytics. We export information about the number of members > we have, and we've just begun to make use of their accounting codes to allow > us more granular tracking of how our revenue breaks down. > > Second, as I mentioned in the post, we hired an accountant this year, and we > use a mix of Xero and Google Spreadsheets to keep track of our financials on > a regular basis. Our accountant does his magic in Xero, and then once a month > we dump the data in a Google Spreadsheet so we can talk about it. In this > spreadsheet we track revenue, expenses, and much of the data you saw in my > blog post. (I plan to share some of our Google Spreadsheets soon... stay > tuned.) > > I would love to create some sort of dashboard software that magically pulls > all of this info together, but, alas, I don't think it exists. For now, it's > a combination of some custom reporting from Xero and Cobot, some manual entry > in a Google Spreadsheet, and a monthly meeting to make sense of it all. > > Holler if you have additional questions. Happy to answer! > -Matt > > > > > > On Saturday, January 9, 2016 at 8:59:06 PM UTC-6, Tabari Brannon wrote: > Excellent read. One of the goals I have for 2016 is to track everything. I > would be interested to see what systems you have in place to track all this > data. Thanks! > > On Friday, January 8, 2016 at 4:21:04 AM UTC-8, Matt D. wrote: > Hey everyone. > We just hit the 18-month mark, and we decided to take an honest look at how > we're doing. Turns out we've had some nice growth, but were still losing > money. > > We've laid it all out - data, financials and some honest analysis of what's > still gotdoing we're in our coworking business/operations in order for us to > find profitability - which we will! If you're interested, please take a read: > > http://www.theskillery.com/blog/2015/12/29/we-doubled-our-revenue-in-2015-but-were-still-losing-money-heres-why > > Hope you find it useful. Let me know if I can answer any questions! Thanks! > > -Matt @mattdudleytn, from The Skillery @theskillery > > > > > > > -- > Visit this forum on the web at http://discuss.coworking.com > --- > You received this message because you are subscribed to the Google Groups > "Coworking" group. > To unsubscribe from this group and stop receiving emails from it, send an > email to coworking+unsubscr...@googlegroups.com. > For more options, visit https://groups.google.com/d/optout. > > > -- > Visit this forum on the web at http://discuss.coworking.com > --- > You received this message because you are subscribed to the Google Groups > "Coworking" group. > To unsubscribe from this group and stop receiving emails from it, send an > email to coworking+unsubscr...@googlegroups.com. > For more options, visit https://groups.google.com/d/optout. -- Visit this forum on the web at http://discuss.coworking.com --- You received this message because you are subscribed to the Google Groups "Coworking" group. To unsubscribe from this group and stop receiving emails from it, send an email to coworking+unsubscr...@googlegroups.com. For more options, visit https://groups.google.com/d/optout.
