Hi, - Don't count the free months in your calculations. It's a ramp up time that wont come again next year so count everything as if you were paying the 12 months, which you will do in the future.
- At $5/sqft what kind of furniture do you have? Where will the outfitting of the space come from and if you have to pay for it how is it figured in your monthly cost? For example our space was naked and we have been paying 100s of dollars a month to payback the loan we took to pay for outfitting like we wanted it. That adds to our operating costs. - If everyone has unlimited access, how do they get in? Everyone has a key? Or do you count on yourself and/or partners to open the space? Might be a good idea to start thinking how much it would cost if you needed to pay someone. If everyone has keys, are you properly insured? (needed for any setup but, in my opinion, even more if you have that many people able to open the space (or forget to close it properly)) If you are insured, are they aware 60 people will have keys? - Unless the member providing it is one of the founders, I would suggest including internet fees in your operating numbers, even if it's free for now. If that member goes, you might not get the same free deal. - How are you going to do invoicing and have you planned for the time to handle it if needed? It's easy to plan on doing a bunch of things yourself but it might get to be a bit much at some point and planning your numbers to allow for paying someone is a good idea, especially when invoicing 60 people regularly (unless you have a perfectly automated system). - How many tables do you have for those 60 members? What happens if you have 30 tables and 40 people coming in a lot? Who leaves or is turned back? Having 60 members at $50 with potential scheduling conflicts might be more trouble than 30 members at $100... As Tara said, the vast majority of space operators don't make money on their spaces so the difference isn't us making loads of cash. Try to envision all possible combinations and options for your space, we are not making a lot (any?), you are benifitting from rent roughly half what most are paying and using a pretty different model that from the outside and without all the details seems open to some scheduling, invoicing and space entry issues, all of which can affect how much you should charge. We are paying around $12/sqft and will possibly add a $100/125 a month plan which is proportionnaly as cheap as your $50 so it's possible for us too to arrive at numbers in your range. We just don't want to base the whole model on it because of scaling issues and because we feel some more established members are good for the space, hence the Residents. Patrick http://station-c.com --~--~---------~--~----~------------~-------~--~----~ 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 -~----------~----~----~----~------~----~------~--~---
