Everything Coworking

In this episode, we dive deep into the dynamic world of commercial property ownership and the opportunities it presents for creating and managing coworking spaces. Jerry shares his wealth of knowledge, discussing the emerging trends, challenges, and strategies he's observed in the industry.

Discover the advantages and considerations of owning the property that houses a coworking space, and how it can impact the overall business model and success. Jerry sheds light on the symbiotic relationship between commercial property ownership and the coworking ecosystem.

Gain valuable insights into optimizing space utilization, designing flexible environments, and attracting and retaining members in a competitive market. 

Resources Mentioned in this Episode:

Jerry on LinkedIn

Jerry’s Website: Commercial Property Investor

Jerry’s Links:

https://www.instagram.com/jerryalexander.commercial/

https://podcasts.apple.com/ie/podcast/commercial-property-investor-podcast/id1502254406

https://libertyspace.co.uk/

https://flourmilldundee.co.uk/

https://commercialpropertyinvestor.co.uk/

Everything Coworking Featured Resources:

HIDT Series - Register Now!

The SEO Action Guide

Masterclass: 3 Behind-the-Scenes Secrets to Opening a Coworking Space

The Everything Coworking Academy

Community Manager University

Creative Coworking Partnerships: How to negotiate and structure management agreements from the landlord and operator perspective

Follow Us on YouTube

Have you thought of adding a course or membership as a new revenue stream?

In their upcoming workshop for coworking space owners, Jess Bommarrito and her business partner Crystal are going to share 

Our simple 5-step recipe to create and launch your course like a pro with zero time and money wasted

How to fast-track your results by avoiding common pitfalls in the early stages, and what to focus on instead

The secrets to selling your course before it's even created (nothing lights a fire under your butt to get it done like eager fans waiting for your course to drop!)

BONUS: Discover how a coworking space owner used flex and dedicated desks to skyrocket their business. No private offices needed (psst: this is a game changer!)

Date: Wed May 17, 2023 

Time: 1-2pm ET

Link to register: https://messybutdone.com/everythingcoworking

Resources mentioned in this podcast:

Messybutdone Workshop

Groundswell Coworking

Everything Coworking Featured Resources:

HIDT Series - Register Now!

The SEO Action Guide

Masterclass: 3 Behind-the-Scenes Secrets to Opening a Coworking Space

The Everything Coworking Academy

Community Manager University

Creative Coworking Partnerships: How to negotiate and structure management agreements from the landlord and operator perspective

Follow Us on YouTube

I think we’re going to see demand for third spaces that are more of a work club approach than the traditional coworking/flexible office space that we see today.

Questions I’m asking:

• How strong will the demand for third places that are not just designed for work, but designed for social/play/community events?

• How will this business model work? What will drive profitability?

• What will the offer mix look like? Food and beverage? Event space? Lounge space that looks more like the lobby at the Hoxton? 

• What markets will support social/work clubs?

• What’s the minimum viable size for a social/work club model?

• Who will take the risk and experiment with these models?

Resources mentioned in this podcast:

Soho Works

Groundfloor club

https://www.groundfloorclub.com/membership/

From Here

Colette Club

Everything Coworking Featured Resources:

HIDT Series - Register Now!

The SEO Action Guide

Masterclass: 3 Behind-the-Scenes Secrets to Opening a Coworking Space

The Everything Coworking Academy

Community Manager University

Creative Coworking Partnerships: How to negotiate and structure management agreements from the landlord and operator perspective

Follow Us on YouTube

Coworking space operators tend to think that community integration happens organically for new members. That’s generally not the case. 

Get intentional about setting your new members up for success. What is your Member Success Path? 

What are the milestones that tend to get a member integrated into the community, and the space and yield longer retention?

How can you systematize those experiences to make sure they happen?

How can you train your team on those systems?

Listen to this episode for some thought starters.

Interested in our training on integrating a Membe Success Path into your coworking space? Join our Community Manager University or our Everything Coworking Academy for operators.

Everything Coworking Featured Resources:

HIDT Series - Register Now!

The SEO Action Guide

Masterclass: 3 Behind-the-Scenes Secrets to Opening a Coworking Space

The Everything Coworking Academy

Community Manager University

Creative Coworking Partnerships: How to negotiate and structure management agreements from the landlord and operator perspective

Follow Us on YouTube

Wondering how Community Manager University works and who it’s best for?

This bonus episode is for you.

You can get all of the details about the Community Manager University program and register for it here.

Everything Coworking Featured Resources:

HIDT Series - Register Now!

The SEO Action Guide

Masterclass: 3 Behind-the-Scenes Secrets to Opening a Coworking Space

The Everything Coworking Academy

Community Manager University

Creative Coworking Partnerships: How to negotiate and structure management agreements from the landlord and operator perspective

Follow Us on YouTube

If you’re a coworking space owner, or thinking about starting one, attending a conference can be a great way to stay up-to-date with the latest trends and developments in the industry. But how do you measure the return on investment of attending a conference? That's what we'll be exploring today.

Benefits of attending a coworking industry conference:

• Learning about the latest trends and best practices in coworking.

• Getting access to insights and actionable tips that can be applied to your own coworking space.

• Networking with peers in the industry, including other coworking space operators, vendors, and investors.

• Potential for new business opportunities, such as partnerships and collaborations.

Costs of attending a coworking industry conference:

• Registration fees: GCUC and the GWA are in the $500 to $800 range for early bird tickets.

• Travel expenses: If the conference is out of town, you'll need to factor in the cost of airfare or transportation, as well as lodging and meals.

• Time away from work: Attending a conference can mean taking time off from your regular duties, which can impact your business operations.

Calculating the ROI of attending a coworking industry conference:

To calculate the ROI of attending a coworking industry conference, consider both the costs and the potential benefits. Some factors to consider include:

• Cost of attendance: How much did you spend on registration fees, travel, and lodging?

• Value of knowledge gained: What new skills, insights, or best practices did you learn that can be applied to your own coworking space?

• Potential for new business opportunities: Did you make any new connections that could lead to partnerships or collaborations?

Case studies:

I share a few case studies from coworking conferences that I’ve attended -  partnerships formed, collaboration ideas sparked, and introductions that led to new job opportunities

Tips for maximizing the ROI of attending a coworking industry conference:

• Plan ahead - Set specific goals for what you want to achieve at the conference.

• Go beyond the content - attend social events and make connections with other attendees.

• Schedule time to follow up with new connections after the conference to maintain those relationships.

Sometimes you know the “what” but not the “how.” Jamie and David Orr knew they wanted to expand their original CoWork Tahoe coworking concept started in South Lake Tahoe in 2012…but they didn’t know where or how until they encountered a local entrepreneur that was buying a building and wanted to bring coworking to a gem of a town about 20 minutes from South Lake Tahoe. Jamie & David entered into a management agreement with the owner to create Untethered - Outdoor Inspired Workspace. In this episode, Jamie shares their journey on how they’ve created their second thriving coworking space in a small market. 

Resources Mentioned in this Episode:

Jamie Orr on LinkedIn

Untethered

Cowork Tahoe website

Everything Coworking Featured Resources:

HIDT Series - Register Now!

The SEO Action Guide

Masterclass: 3 Behind-the-Scenes Secrets to Opening a Coworking Space

The Everything Coworking Academy

Community Manager University

Creative Coworking Partnerships: How to negotiate and structure management agreements from the landlord and operator perspective

Follow Us on YouTube

In this episode, we talk about:

• The total addressable market for coworking is larger than ever with remote employees free to decide where they work and small businesses giving up their long-term leases.

• Even with this influx of potential customers, some coworking spaces are struggling to fill dedicated desks and flex memberships. 

• That is likely because these new potential customers aren’t aware that there are solutions to the challenges they feel in their current working environment. They don’t know that feelings of loneliness, loss of productivity, lack of mojo, etc. can be improved by joining a coworking space (and not paying for an office). 

• They aren’t solution-aware and therefore aren’t searching for you…

• So how do we connect the dots?

Resources Mentioned in this Episode:

296. Part I: Why the Best Business Models are Known Prescriptions for Known Problems

Everything Coworking Featured Resources:

Masterclass: 3 Behind-the-Scenes Secrets to Opening a Coworking Space

The Coworking Startup School

The Everything Coworking Academy

Community Manager University

Creative Coworking Partnerships: How to negotiate and structure management agreements from the landlord and operator perspective

HIDT Series - Register Now!

The SEO Action Guide

Follow Us on YouTube

In this episode, we talk about:

1. Why your coworking business needs to focus on solving a problem for a customer that they are aware they have.

2. Why your solution set should be grounded in solutions that they are already aware of.

Everything Coworking Featured Resources:

Save 50% on your first year with OfficeRnD Flex and grow your coworking space. Apply now!

Masterclass: 3 Behind-the-Scenes Secrets to Opening a Coworking Space

The Coworking Startup School

The Everything Coworking Academy

Community Manager University

Creative Coworking Partnerships: How to negotiate and structure management agreements from the landlord and operator perspective

HIDT Series - Register Now!

The SEO Action Guide

Follow Us on YouTube