Crafting a Successful Coworking Business: Uncover your 'Why', 'Who', and 'Profit Goal'

Dive into this concise guide on building a coworking business with Jamie Russo of Everything Coworking and Michael Everts with OfficeRND. This video provides key insights on defining your business objective, understanding your target customers, setting achievable profit goals, and choosing the right space size. Learn how to validate your customer base and optimize your revenue. Ideal for those interested in developing a coworking space with a strong foundation and clear direction.
00:00 - Introduction to Flex Academy
02:44 - Determine the “Why” for your space
07:58 - Who are you serving?
13:59 - What is your profit goal?
Additional Resources:
Coworking Startup School™ www.everythingcoworking.com/c...
Free Download: How Big Should My Coworking Space Be?
www.everythingcoworking.com/c...
Podcast episode: 5 Reasons Coworking Spaces Fail
www.everythingcoworking.com/e...
OfficeRnD offers award-winning coworking space management software that helps operators run their space smoothly. Startup operators can now get a 50% annual discount through our Flex Startup Program. Plus more perks. Click here to learn more and apply now:
www.everythingcoworking.com/ornd
Everything Coworking gives new operators all the tips and tricks they need to run a space and delivers a complete coworking space startup framework including a coworking space startup plan that covers everything from lease negotiations to marketing strategies.
www.everythingcoworking.com/c...

[@codergarcia3387]

What is the size of an average private office space at a coworking location?

[@everythingcoworking]

HI Coder - it really depends :) The size should be based on who your ideal customer is, what they value in terms of office size and then how many desks you want to fit in the office. WeWork has "micro offices" that are 36 square feet. A typical one person office is about 80 square feet. A four-person office might be 200 square feet. It also depends on the size of desk....are you going with 30x60 or 24x48...