I own Cubes&Crayons (not a traditional coworking space because we have drop-in childcare on site.) I do take a modest salary which is starting to grow, although I may give up some of it to funnel back in the business.
Again, we aren't quite the same model in terms of revenue stream. Unlike many other coworking space owners, I do not have a side job. I have young kids (those with kids, get that.) Having said that after 2 years of business, we run well enough for me to take on other projects and am now doing web app development and writing a book and site management is left largely to staff with my focus being primarily on our overall vision and marketing. Best, Felicity Cubes&Crayons (coworking + childcare) Outside the Cube (coworking + entrepreneurship) On Mar 22, 7:01 pm, Liu Yan <liuyan.dat...@gmail.com> wrote: > Susan, we have three co-founders at Xindanwei, since last July we set up > this coworking space in downtown shanghai, we have been working voluntarily > without any payment. I don't know how others have been doing with their > space, but two of us have been working completely full-time since the first > day, and the third person too has spent 50% of his time. > > Starting this month, we have hired a full-time space manager to work behind > the desk and handle all the coordination works for events and daily > activities. So three of us could get our hands free to focus on the new > marketing and expansion strategies of coworking concept in the entire > Shanghai. We pay the space manager some basic salary plus the bonus for each > purchase. We also started to claim some small amount of salary(small enough > to sustain the cash flow) for the hours we spend on Xindanwei. > > The reasons are: > 1. We consider our Xindanwei as a social enterprises, not a charity work. > An enterprise must be run like an enterprise. The expenses vs income plan > and report must be complete(human resource cost are the highest one in the > entire expense sheet), so you won't be fooled by the low amount of monthly > cost of running of coworking space, meanwhile, you must give yourself > pressure to sustain the breakeven and set up sales objectives. > 2. In our case, our landlord will have a percentage from the total amount of > profit, so our cost must be counted in in the expenses. > 3. Our experience: People take more responsibility and take their work more > seriously when they get paid, even for a small fraction of their work. > 4. Last but not least, three co-founders must also be able to supervise each > other for their contribution, payment is one of the methods. > > Cheers, Yan > > 2010/3/23 Jacob Sayles <jsay...@gmail.com> > > > > > Susan I don't collect salaries at Office Nomads currently. We started this > > both having part time jobs supporting us and now we have left those and are > > doing this full time. That's obviously not a sustainable solution so we are > > looking at our options. We'll know a lot more in a year. What I know now > > is that this one space does not have enough overhead to tack on two more > > salaries, and never will. We pay Alexandra to work behind the desk part > > time, my sister Kara to handle the books, and Grego to clean up every other > > week. That said, after two years we have made some great connections and > > have found ourselves deep within a tight community of amazing people. We've > > also learned a heck of a lot about how to start and run coworking spaces. > > We have already started expanding our gaze and just today launched > > coworkingseattle.org to help foster the local coworking movement... > > although that's not a money making venture either. Instead it's the first > > step to building a broader community because as we've seen many times over, > > start with the community, and then see where you can go with it. > > > Stay tuned. > > > Jacob > > > --- > > Office Nomads - Individuality without Isolation > >http://www.officenomads.com- (206) 323-6500 > > > On Sun, Mar 21, 2010 at 8:59 AM, Tara Hunt <horsepig...@gmail.com> wrote: > > >> The owners of Citizen Space, including myself, have never taken a salary, > >> but we've used some of the overage to pay for a part time space manager so > >> that we can focus on our own businesses. > > >> Tara > > >> On Sat, Mar 20, 2010 at 3:30 PM, ourspacefortwa...@gmail.com < > >> ourspacefortwa...@gmail.com> wrote: > > >>> If you run a space, I would like to know if you take a salary? > >>> For myself, I am looking at the having a small percentage of the > >>> membership fees turn over to a salary for myself, and with those fees > >>> I plan to development a handful of businesses. The salary will be > >>> seed money, not a get rich program, so I can build a better community > >>> - internally and externally. > > >>> Thanks, > > >>> Jodi Dean, Founder > >>> OurSpace Fort Wayne > >>>www.ourspacefw.com > > >>> -- > >>> You received this message because you are subscribed to the Google Groups > >>> "Coworking" group. > >>> To post to this group, send email to cowork...@googlegroups.com. > >>> To unsubscribe from this group, send email to > >>> coworking+unsubscr...@googlegroups.com<coworking%2bunsubscr...@googlegroups.com> > >>> . > >>> For more options, visit this group at > >>>http://groups.google.com/group/coworking?hl=en. > > >> -- > >> tara 'missrogue' hunt > > >> Company: Shwowp (http://www.shwowp.com) > >> 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 cowork...@googlegroups.com. > >> To unsubscribe from this group, send email to > >> coworking+unsubscr...@googlegroups.com<coworking%2bunsubscr...@googlegroups.com> > >> . > >> For more options, visit this group at > >>http://groups.google.com/group/coworking?hl=en. > > > -- > > You received this message because you are subscribed to the Google Groups > > "Coworking" group. > > To post to this group, send email to cowork...@googlegroups.com. > > To unsubscribe from this group, send email to > > coworking+unsubscr...@googlegroups.com<coworking%2bunsubscr...@googlegroups.com> > > . > > For more options, visit this group at > >http://groups.google.com/group/coworking?hl=en. > > -- > Liu Yan 刘妍 > CEO/Co-founder > Xindanwei 新单位 > 4C,Bld 4, Dingxi Rd 727, Shanghai,CHINA > 中国上海定西路727号四栋4C > (+86) 135 2429 5509 > @theliuyan > @xindanweihttp://xindanwei.com -- You received this message because you are subscribed to the Google Groups "Coworking" group. 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