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…
The second of the four major sessions at GCUC USA'17 CAMP this year was taken by Jerome Chang. He has been designing coworking spaces for almost a decade now. He founded Blankspaces in 2008 and also co-founded LExC.co and COSHARE.co in 2011 and 2013 respectively. Jerome shared his views about phone booths, windows and more concerning their contribution to the overall efficiency and privacy of the coworking space. The majority of this session was about the advantages, disadvantages and the…
