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Jerome Chang at the GCUC 2018

GCUC 2018 – Day 2 – Financial Model

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

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

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

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…

Mark Gilbreath, Brad Krauskopf, Mara Hauser, Ashley Proctor and Shlomo Silber on ASK US ANYTHING session

Ask Us Anything: Workplace Industry Icons – GCUC USA’17 Day 1

One of the driving forces behind coworking industry - Global Coworking Unconference or GCUC, arranged a 3-day long conference in the USA this May. It gave all the newbies in the industry an excellent opportunity to gain knowledge from the best in the business. During a session called “Ask Us Anything” held on day one, four workplace industry icons came together to share their insights about coworking workspaces and more.   The session started with moderator Mark Gilbreath, Founder, and…