320. Are Small Coworking Spaces Profitable?

This episode focuses on aligning your coworking space size with your goals. It covers topics such as the importance of understanding your business model, considering different goals for your space, diversifying income sources, and understanding the profitability of small spaces.

Highlights:

• Considerations regarding the cost and profitability of small coworking spaces.

• Learning from Brian Watson and his experience with smaller, automated locations.-

• Different goals for creating a coworking space, such as fostering community or generating profit.

• The need to align your business model and strategy with your desired goals.

• The importance of understanding real estate costs, pricing, staffing, and unexpected expenses.

Resources Mentioned in this Episode:

• Brian Watson's episode on automating small coworking spaces

Everything Coworking Featured Resources:

• Masterclass: 3 Behind-the-Scenes Secrets to Opening a Coworking Space

• Coworking Startup School - Phase 1: Validate

• Community Manager University

• The Everything Coworking Academy

• Follow Us on YouTube

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