Chris, et al' THANKS!!! >From a business sense it is working! I still have a day job and to be honest don't see how this model would work without it. (That is if I wanted a salary) However Business Playce is self sufficient... i.e. turning a profit each month. My other company (Arbotek) paid for all upfront costs, equipment, furniture, etc.. but we kept costs extremely low, total start up costs were well under $10k Instead of Business Playce repaying the start up costs to Arbotek, my business partner and I have written that off, and essentially have used the profits to seed further improvements, (adding a 2nd flat screen, projector, DVD players, etc. etc..) In addition now there is money in the Business Playce Bank Account so that when we have an open house the money doesn't come out of our pocket.
Monthly membership fees now fully cover expenses, with room for growth. For us, our profit growth is coming from and will continue to grow from use of our conference rooms by outside groups. Our 2 conference rooms are currently generating nearly as much revenue as membership fees with room to grow! While our usage model is somewhat different than those in city centers (due to our less densely populated region), or goals are still the same. Provide a low cost, creative, community oriented environment to let cool things happen. As I said earlier, I can't quit my day job.... but this creative part of my "NEW JOB" sure is a lot more fun and I'm having a blast with Business Playce! Way worth the extra time and effort! Paul www.businessplayce.com twitter: businessplayce -- 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.
