Hi Marius,
I think your analysis misses a great deal. It's part of what bothered me so
much about the original article: I expect the average person thinking about
this business casually to dramatically underestimate the costs and
overestimate the revenue. You probably haven't been through the
That is fascinating. That's what I've been seeing as well but was trying to
figure out if it was a localized thing or a trend. Thank you.
___
Aaron Cruikshank
Principal, CRUIKSHANK
Phone: 778.908.4560
email: aa...@cruikshank.me
web: cruikshank.me
twitter: @cruikshank
book a meeting:
Thanks Andy for sharing these data. In our coworking the trend is a bit
different.
The average churn rate is 5% on all our memberships except the full time
coworking (different from resident/dedicated desk) which has a churn rate
of 8%. We don't have data around the main reason for living,
Hi Marius,
I hear your sarcasm so hesitate to reply, but you seem to be sincerely
missing the key point: After operating costs, a space like that could
easily be running at a net loss without paying the owner a penny. The idea
that the average owner of a space with that capacity is taking 25%
Since Will beat me to the send button, I needn't point out the math. I'll
share my personal experience: I left a $100k+ job to open Cowork Frederick.
I have yet to draw a salary and am doing part-time consulting while growing
our cowork community, which slows down the growth of both efforts.
Thanks for more first hand information.
/*
Personally I found this part particularly interesting.
Even if you're talking about a space that has 100 full-time members at
$200 per member in a big city, you are very likely not looking at a
coworking space where the owners are making what they
praise
Oren- +10. Thanks for clearly articulating the hard work (and joy) of
being an owner/operator. As one myself, I have yet to meet anyone who has
started a space to make crazy money who was still with it for very long.
I also think it is fine for us to reinforce that coworking is not for
I'm the Executive Director of a coworking space in the Chicago suburbs.
We've been here since 2010.
I realize this thread is older but did a search of the group and wanted to
bring up the conversation again.
Through the years, we have discovered that people in the suburbs tend to
want private
In my analysis of the article I tried to be objective, impartial. (I don't get
which great deal I've missed, but no worries there.)”
The “great deal[s]” you’ve missed are:
overestimated # of memberships
overestimated take-home pay of $5k, or 25%
wrong math of
Maria,
Thanks for your answer.
We still have 14 days left to complete our goal, and we have 40% of the
goal as of today. We are still waiting for the local television to
broadcast the reporting they did about us. And within the next few days, we
have two meeting with two potential (quite big)
Oops, sorry about the bad math (the vision of the 2 and the 5 there
took over the 12 not there)
I kind of stand by my non-numerical opinions, but no big issue, just
philosophy in very early state, it's a long way to the truth, and you guys
are incredibly helpful, thanks.
As said opinions are
We're testing this in two other cities right now, one will be in a suburb
of Toronto and one will be in a suburb or burrough of Montreal. They both
have their challenges, particularly the one outside of Montreal where it is
90% francophone and I am not (why do I do this to myself?). We're nearing
Cedric,
It sounds like you are off to a good start. I hope you meet your goal. I
guess we just have to keep chipping away it. At some point, the concept
will stick in people's minds. Best wishes! Maria
On Thu, Feb 5, 2015 at 12:36 PM, Cédric aky...@gmail.com wrote:
Maria,
Thanks for your
Right on, Aaron!
On Sun, Feb 8, 2015 at 12:06 AM, Aaron Cruikshank aa...@cruikshank.me
wrote:
I want to respond to this directly because I have been involved in running
and setting up both non-profit and for-profit coworking spaces. The social
economy does not equal giving things away for
As a reminder. Here is a link to my experience for 5 years and 7 months at
AltamontCowork in small town Tracy, CA
COWORKING in a Small Town: Lessons Learned - http://wp.me/p4w4ad-14L
On Mon, Feb 9, 2015 at 12:15 PM, Mike Pihlman mikepihl...@gmail.com wrote:
As a reminder. Here is a link to
I find it sad that this discussion of whether or not coworking is worth it
is now based on shallow quantitative analysis of coworking's profitability.
Marius is more off-base with his accusations than his numbers. As far as I
understand it, his grievances with coworking are: 1. Coworking is
Oh, and a year ago the CoworkingCanada group was talking about spaces in
rural or small cities in a Twitter chat. Have a read:
http://bit.ly/CdnCoworkingFeb192014
In it, I also linked to a great post by Beth Buczynski on How to Start a
Rural Coworking Community:
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