Yes, the space is very small...so we are starting out small...bootstrapping the whole thing. One of the reasons I did these calculations is to see if it would be economically viable if the time comes that we grow out of the space, to move into a larger space. According to this, it is.
On Feb 5, 12:43 am, Chris Kerins <[email protected]> wrote: > Mike, > > I'm happy to see you run the numbers and share with the group. > Hopefully more people will chime in on this thread with their numbers. > There seems to be a spectrum of views on coworking as a business vs. a > social movement. I think it's OK to run through the business side of > things. If coworking is dependent on someone's sacrifice, it's not > very viable in the long term. Even without a cash flow sacrifice, the > are plenty of other areas to give like time, labor, passion, etc. > > I think it would be great in the longer term if these sort of data and > wisdom get collected into a coworking business manual of sorts. > > On another note, your numbers making up your community seem small. I > wonder what the minimum number of members are needed for critical > mass? At the low end, it's just a few friends sharing an office, and > at the high end people start to slip into anonymity. I'd be interested > in hearing what others think about this or should this be another > thread? > > Chris > > On Feb 3, 12:23 pm, turbo2ltr <[email protected]> wrote: > > > Haha, thanks for the reply Paul. > > > I do have an anchor tenant.. me. The first phase of the plan will be > > to utilize my existing space that I use for an unrelated company. I > > realized I am under utilizing the current space and there was room to > > take half of it (after a lot of "do I really need this" cleaning..) > > and dedicate it to coworking. So I am not necessarily concerned with > > cashflow right now. My company is taking care of the bills and I want > > to use this "free" space to build the community and see if there is > > really a market for a larger space.... so I do want to see that it's, > > at least in theory, capable of flowing cash in the long run. While I > > want the community to be first and foremost when it comes to the > > space, I'm not independently wealthy that I can support a space that > > has negative cashflow. > > > -Mike > > > On Feb 3, 1:08 pm, "[email protected]" <[email protected]> wrote: > > > > Holy Crap ---- Thats a lot of numbers..... > > > > From my perspective if you're worried about cashflow....build the > > > network and get the commitments ahead of time. > > > As many of us here can attest opening the doors does not equate to the > > > space being utilized. > > > We have been open since November and have 3 full time members, 3 part > > > time, 3-4 who only use the conference room once or twice a month. > > > We have 5-6 people who have dropped by more than once but don't want a > > > committment. > > > > Now all that said, from our perspective we're okay because our > > > overhead is mostly absorbed by my "day job". But if you don't have > > > the luxury > > > of having a built in "anchor" tennant I would imagine you'd be > > > stressing to put together an accurate useage model without the network > > > being their first... > > > > Just my humble opinion. > > > > Paulwww.businessplayce.com > > > 703-623-5804 > > --~--~---------~--~----~------------~-------~--~----~ 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 -~----------~----~----~----~------~----~------~--~---
