We use our own system, Nadine, and Xero, and Excel. I like the idea of the dashboard, but the monthly meeting really is key. It takes a little time and attention to look through the numbers.
Some time ago I was pitching the Open Coworking Database where we all feed numbers in to a central, neutral repository for data analysis. I even started working with Steve King on this but we found people have a hard time being so totally open with their data, even if their identity is shielded. I still like the idea and think there is a way to do it. Jacob On Mon, Jan 11, 2016 at 4:48 AM, Matt D. <[email protected]> wrote: > Thanks, Tabari. > > We use a few main tools to track our data: > > First, we use Cobot to manage our coworking space, and Cobot does provide > us with some basic analytics. We export information about the number of > members we have, and we've just begun to make use of their accounting > codes <https://www.cobot.me/guides/accounting-codes> to allow us more > granular tracking of how our revenue breaks down. > > Second, as I mentioned in the post, we hired an accountant this year, and > we use a mix of Xero and Google Spreadsheets to keep track of our > financials on a regular basis. Our accountant does his magic in Xero, and > then once a month we dump the data in a Google Spreadsheet so we can talk > about it. In this spreadsheet we track revenue, expenses, and much of the > data you saw in my blog post. (I plan to share some of our Google > Spreadsheets soon... stay tuned.) > > I would love to create some sort of dashboard software that magically > pulls all of this info together, but, alas, I don't think it exists. For > now, it's a combination of some custom reporting from Xero and Cobot, some > manual entry in a Google Spreadsheet, and a monthly meeting to make sense > of it all. > > Holler if you have additional questions. Happy to answer! > -Matt > > > > > > On Saturday, January 9, 2016 at 8:59:06 PM UTC-6, Tabari Brannon wrote: >> >> Excellent read. One of the goals I have for 2016 is to track everything. >> I would be interested to see what systems you have in place to track all >> this data. Thanks! >> >> On Friday, January 8, 2016 at 4:21:04 AM UTC-8, Matt D. wrote: >>> >>> Hey everyone. >>> >>> We just hit the 18-month mark, and we decided to take an honest look at >>> how we're doing. Turns out we've had some nice growth, but were still >>> losing money. >>> >>> We've laid it all out - data, financials and some honest analysis of >>> what's still gotdoing we're in our coworking business/operations in order >>> for us to find profitability - which we will! If you're interested, please >>> take a read: >>> >>> >>> http://www.theskillery.com/blog/2015/12/29/we-doubled-our-revenue-in-2015-but-were-still-losing-money-heres-why >>> >>> Hope you find it useful. Let me know if I can answer any questions! >>> Thanks! >>> >>> -Matt @mattdudleytn, from The Skillery @theskillery >>> >>> -- > Visit this forum on the web at http://discuss.coworking.com > --- > You received this message because you are subscribed to the Google Groups > "Coworking" group. > To unsubscribe from this group and stop receiving emails from it, send an > email to [email protected]. > For more options, visit https://groups.google.com/d/optout. > -- Visit this forum on the web at http://discuss.coworking.com --- You received this message because you are subscribed to the Google Groups "Coworking" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. For more options, visit https://groups.google.com/d/optout.
