Right. I'm not saying don't spend money, but work iteratively. We (Geoff and I, specifically, but many of us on this group) take the concept of "agile" for granted, because many of us work in software. If you're not familiar with the iterative process as related to planning, check out this video Geoff and I shot at SXSW09:
http://www.indyhall.org/blog/2009/04/07/indyhall-201-the-iterative-process/ -Alex -- ----- -- ----- Alex Hillman im always developing something digital: [email protected] helpful: www.unstick.me visual: www.dangerouslyawesome.com local: www.indyhall.org On Thu, Aug 20, 2009 at 10:32 PM, Tara Hunt <[email protected]> wrote: > It's a good lesson, though. Build slowly. I never took out loans, but used > my personal $$ to invest. Even so...over a 2.5 year period, there has been > about $40k invested personally (from myself, Citizen Agency and now Hillary > Hartley). > T > > On Thu, Aug 20, 2009 at 10:16 PM, Patrick Tanguay < > [email protected]> wrote: > >> >> To Alex's point about debt; bootstrap is certainly safer but in the >> case of Workspace it wasn't dept, it was massive debt that did them >> in. I don't know what the state of the debt was when Bill sold or when >> they closed shop but if I remember correctly, the setup was in the >> 180K range. (From memory, seen in an article on the wall at Workspace >> (interview with Bill)) >> >> For Station C we did get a loan but it was a minute fraction of what >> Workspace was facing. We managed to pay it back in less than a year >> and a half, it was planned for four years. However, we've done all the >> work, like most coworking spaces, for free. Workspace was a business >> with employees (great ones but still an expense). Dept + salaries; >> those are two big charges. >> >> If you can bootstrap, do. But small scale loans can help you work the >> whole thing without dipping in your personal savings. SMALL scale >> though. And try operating as long as possible as a hobby, get payed >> help only when absolutely necessary and workable within budget. >> >> >> Patrick >> >> > > > -- > tara 'missrogue' hunt > > Book: The Whuffie Factor (http://www.thewhuffiefactor.com) > Blog: HorsePigCow: Marketing Uncommon (http://horsepigcow.com) > Twitter: http://www.twitter.com/missrogue > phone: 514-679-2951 > > > > --~--~---------~--~----~------------~-------~--~----~ 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 -~----------~----~----~----~------~----~------~--~---
