Sign up to save your podcasts
Or
Share 3 Tips to Avoid Business Failure in the First Two Years #coworking #community
Share to email
Share to Facebook
Share to X
Share to email
Share to Facebook
Share to X
Or
3 Tips to Avoid Business Failure in the First Two Years #coworking #community
🔔Boost your #coworking & #community building skills with my 2-min daily #email: https://berniejmitchell.com
So, how can you stop your coworking space from failing within the first two years?
In the U.K., 20% of businesses fail within the first two years, and 60% fail within the first five years.
When you open your coworking space, you get all razzed up.
It's exhausting to open it, figure out how to do it, and put all the s*** in.
Think of it like launching a book.
It's a considerable effort to write a book, but the work comes in promoting it constantly.
And you always need to be launching.
One powerful way to avoid failing is to come together and share stories about what's working and what's not. This creates a sense of community and support, knowing that you're not alone in your challenges.
The second thing is managing cash flow - which is a whole post in itself.
The third thing is to constantly learn.
Regarding learning, F.F.S. DON'T spent time understanding how A.I. works on Mars or some distant future magic.
Instead, focus on what's relevant for you in the next 12 weeks - this approach keeps you purposeful and on track.
🔗 Links and Resources:
- 🛜 https://berniejmitchell.com
- 🎙️ https://coworkingvaluespodcast.substack.com
- 🎪 Luma: https://lu.ma/LondonCoworkingAssembly
- 🟢 Grammarly https://bit.ly/FreeMonthOfGrammarly
📚 Recommended Reading:
➡️ The Mom Test Book - https://amzn.to/3XBtdWr
➡️ Peter Block: Community: The Structure of Belonging - https://amzn.to/3XuBfR1
➡️ Will Guidara: Unreasonable Hospitality - https://amzn.to/3KWFgpH
➡️ Jon Alexander: Citizens: Why the Key to Fixing Everything Is All of Us - https://amzn.to/4cdhlye
💬 Join the Discussion: Leave your comments and questions below!
We love hearing from you; it helps us make videos to help you.
👍 Like, Share, and Subscribe: Enjoyed the video?
Give it a thumbs up, share it with your network, and subscribe to the channel for more insights on coworking and community building!
📢 Follow Me on Social: Don't miss the Bernie magic!
- LinkedIn: https://www.linkedin.com/in/berniejmitchell/
- X/Twitter: https://x.com/berniejmitchell
- Tiktok: https://www.tiktok.com/@berniejmitchell_
- Join 7K + people in the LinkedIn Coworking Group - https://www.linkedin.com/groups/33807/
🔔Boost your #coworking & #community building skills with my 2-min daily #email: https://berniejmitchell.com
#CoworkingCommunity #Communitybuilder #CommunityCohort #CoworkingGrowth #CommunityBuilding #CoworkingSpaces #CoworkingSupport #CommunityConnections #SmallBusinessSupport #CoworkingSuccess #coworking #communityisthekey #coworkinglondon #Collaboration #Entrepreneurship
*When you purchase a recommended resource via any of our affiliate links, we receive a very small commission at no extra cost to you.
This helps us fulfil our mission to provide you with quality free education, content and guidance.
🙏 Thank you.
Subscribe to Coworking Community Builder Daily on Soundwise
View all episodes
By Bernie J Mitchell🔔Boost your #coworking & #community building skills with my 2-min daily #email: https://berniejmitchell.com
So, how can you stop your coworking space from failing within the first two years?
In the U.K., 20% of businesses fail within the first two years, and 60% fail within the first five years.
When you open your coworking space, you get all razzed up.
It's exhausting to open it, figure out how to do it, and put all the s*** in.
Think of it like launching a book.
It's a considerable effort to write a book, but the work comes in promoting it constantly.
And you always need to be launching.
One powerful way to avoid failing is to come together and share stories about what's working and what's not. This creates a sense of community and support, knowing that you're not alone in your challenges.
The second thing is managing cash flow - which is a whole post in itself.
The third thing is to constantly learn.
Regarding learning, F.F.S. DON'T spent time understanding how A.I. works on Mars or some distant future magic.
Instead, focus on what's relevant for you in the next 12 weeks - this approach keeps you purposeful and on track.
🔗 Links and Resources:
- 🛜 https://berniejmitchell.com
- 🎙️ https://coworkingvaluespodcast.substack.com
- 🎪 Luma: https://lu.ma/LondonCoworkingAssembly
- 🟢 Grammarly https://bit.ly/FreeMonthOfGrammarly
📚 Recommended Reading:
➡️ The Mom Test Book - https://amzn.to/3XBtdWr
➡️ Peter Block: Community: The Structure of Belonging - https://amzn.to/3XuBfR1
➡️ Will Guidara: Unreasonable Hospitality - https://amzn.to/3KWFgpH
➡️ Jon Alexander: Citizens: Why the Key to Fixing Everything Is All of Us - https://amzn.to/4cdhlye
💬 Join the Discussion: Leave your comments and questions below!
We love hearing from you; it helps us make videos to help you.
👍 Like, Share, and Subscribe: Enjoyed the video?
Give it a thumbs up, share it with your network, and subscribe to the channel for more insights on coworking and community building!
📢 Follow Me on Social: Don't miss the Bernie magic!
- LinkedIn: https://www.linkedin.com/in/berniejmitchell/
- X/Twitter: https://x.com/berniejmitchell
- Tiktok: https://www.tiktok.com/@berniejmitchell_
- Join 7K + people in the LinkedIn Coworking Group - https://www.linkedin.com/groups/33807/
🔔Boost your #coworking & #community building skills with my 2-min daily #email: https://berniejmitchell.com
#CoworkingCommunity #Communitybuilder #CommunityCohort #CoworkingGrowth #CommunityBuilding #CoworkingSpaces #CoworkingSupport #CommunityConnections #SmallBusinessSupport #CoworkingSuccess #coworking #communityisthekey #coworkinglondon #Collaboration #Entrepreneurship
*When you purchase a recommended resource via any of our affiliate links, we receive a very small commission at no extra cost to you.
This helps us fulfil our mission to provide you with quality free education, content and guidance.
🙏 Thank you.
Subscribe to Coworking Community Builder Daily on Soundwise