Day: May 23, 2018

Community people at day of GCUC 2018
CoworkingGCUC2018Uncategorized

GCUC 18 – Day 2 – Community Purpose

 DC Editor  0 1172 

On day 2 of GCUC Nate Heasley, Executive Director of All Good Work, discussed how to give a coworking community purpose.  Social responsibility is becoming increasingly important and should be incorporated into coworking spaces. Social Responsibility Anti-Harassment and Equity When asked, very few people in the conference room confirmed that they have implemented an anti-harassment policy in their space.  A good space needs to be able to set standards for their community’s behavior and make sure that their members understand…

Jerome Chang at the GCUC 2018
CoworkingGCUC2018Uncategorized

GCUC 2018 – Day 2 – Financial Model

 DC Editor  0 1184 

The Founder of Blank Spaces, Jerome Chang, constructed a financial model for a coworking space with the GCUC attendants.  Below is a review of the lecture. Internal Rate of Revenue (IRR) is how much you want to earn on an annual basis based on the amount of money you put in. There are about five traditional ways generate revenue: Meeting Rooms Largest hourly revenue, largest upfront cost, and variable occupancy 6-8 people rooms tend to fair better than the larger…