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…
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…
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…
In the "Coworking in the Future City" panel consisting of Jayson White, Executive Director of Adaptive Office Resources, Cat Johnson of Cat Johnson Co., Neal Gorenflo, Co-Founder, Chief Editor, and Executive Director of Shareable, Liz Elam, GCUC Executive Producer, and Ashley Proctor, Executive Director of 312 and Executive Producer of GCUC Canada. The panel discussed how to use coworking to build a world more focused on humans. The Future City The panel started the conference off by stating the need…
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…
