287. How Dorothy & Dan Grew to Three Locations in a city of 28,000 in Upstate NY
Dorothy had to talk Dan into turning the building they had just bought from Skidmore College into a coworking space. It took convincing over one, maybe two, bottles of wine….and then it took six months to get members. But here they are, a few years later, filling up space #3, and this one is another addition to their LL portfolio.
Insights from Dorothy and Dan:
It is possible to build a multi-site coworking portfolio and run another significant business.
There is no one-size fits all model - they own 2 locations and lease another.
Always be learning - they’re super stoked about the new platform they’ve used to fit out their latest location - see the link below to learn more. The future of flex is flexible…and good for the environment.
You don’t have to be 100% sure before you take the leap, but you have to know what’s at stake.
Sometimes you have to negotiate with your business/life partner over wine to get your way.
You can have multiple locations in a smaller market if you get the product/market fit right.
Resources Mentioned in this Podcast:
Everything Coworking Featured Resources:
Masterclass: 3 Behind-the-Scenes Secrets to Opening a Coworking Space
Creative Coworking Partnerships: How to negotiate and structure management agreements from the landlord and operator perspective
Looking to connect with other podcast listeners? Join us in the Everything Coworking Facebook Group!
If you enjoyed the podcast, please leave us a review on Apple Podcasts. It’s the best way to help others find our content!
For the transcription of this episode, click here.
Looking for a specific episode? Go to the episode index here.