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…
CAMP GCUC is a unique experience GCUC offers every year. It aims to give the new enthusiasts coming into the coworking sphere a one-day crash course covering four major areas of the business – finance, design, community, and technology. It has been a vital force behind the rise of many new creators in the past years. GCUC USA’17 CAMP started with Liz Elam – the Executive Producer of GCUC and Link Coworking – giving a brief idea about how coworking…
On the second day of GCUC USA 2017, Frank Cottle of Alliance Business Centers Network and Martin Senn of Davinci Virtual Office Solutions engaged themselves in a spontaneous conversation with the audience. They shared various experiences and strategies regarding different models of growing and expanding a business in the coworking industry. Felina Hanson of Hera Hub explained how her company got the money from SBA’s business acceleration fund. She decided to invest it into a coworking space for special programming,…
