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Community people at day of GCUC 2018

GCUC 18 – Day 2 – Community Purpose

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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

GCUC 2018 – Day 2 – Financial Model

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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…

Jamie Hodari talking about securing investors unding at GCUC 2018

GCUC 2018 – Day 2 – Funding

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On day 2 of GCUC Jamie Hodari, CEO and Cofounder of Industrious, talked about how to secure investor funding. About Industrious Industrious was launched when Jamie was running a hybrid, half online and half offline university network in East Africa.  He reported having done five fundraising rounds totaling $150 million. Industrious now has locations in 25 locations. Five Steps to Raising Capital When trying to find capital, there are five basic steps.  The first step is to determine if you…

Participants at Day 2 at the GCUC 2018

GCUC 2018 – Day 2 – Attract New Members

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On Day 2 of GCUC, participants broke into groups to discuss tactics they have used to attract new members. Businesses The group recommended one on ones with business owners first.  If you solidify a relationship with them, they become a sales person because they tell others about what you are doing.  When pursuing these types of relationships, it is more beneficial when you can share your passions. It is hard to blow off personal stories. During the recruitment process, create…

GCUC provides an insight on coworking awesomeness

GCUC 2018 – Day 0 – Community Talk

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On day 1 of GCUC a conference was led by speakers Ashley Proctor, Executive Director of 312 and Executive Producer of GCUC Canada, and Tony Bacigalupo, Founder of New York Cities.  The two talked about how to build and monetize community. About Ashley: Ashley got into coworking when she was a student at Ontario College of Art and Design.  The students came to her when they lost all of their communal space during a renovation project called “superbuild.”  Ashley created…