Hey guys, My name is Jay and I'm thinking of opening a coworking facility later this year or early next year in Louisville, KY. Opening my own place is something I've thought about doing for a long time (even before I heard the term "coworking"). I know a lot of people that run their own businesses and prefer not to work at home. As far as I know there's nothing like this anywhere around here. I've enjoyed reading through the posts in this group and checking out many of your Web sites. I'm learning a lot.
I have some basic questions that I'd like to throw out there: 1) I've read posts about other places having multiple people on staff full-time. Is it really possible to bring in that much income to pay operating expenses plus staff salaries and make enough for the runs actually running the operation? For example, I'm looking at a 2,500 square foot space. Based on the formulas I've seen on here, I should be able to accommodate approximately 25 people comfortably. If I can get $200 a month from 25 people, that would bring in around $5000. That would probably cover most of my operating expenses but definitely not staff. I guess I'm trying to get a feel for what percentage of total income comes from memberships vs. things like conference room rental, cafe, events, etc. My plan is to have a couple of partners involved in the business to help cover the workload. 2) Do most of you that run your own coworking facilities have other businesses on the side to supplement the income? I'm trying to figure out if this would be a way for me to make a living or if I need to have a consulting business focusing on other things. I realize I'm being kind of broad in my questions. I'm just trying to make sure that I'm considering opportunities for revenue. I'm not looking for a way to get rich or anything. I just want to be able to support my family and control my own destiny so-to-speak. Any feedback or advice would be GREATLY appreciated. Thanks so much! Jay --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Coworking" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/coworking?hl=en -~----------~----~----~----~------~----~------~--~---
