Business deals are just one side of this equation.
Just doubling a community in short time is hard. I’ve done it myself more than once, and each time it’s created more than a years worth of cultural work just to recover from the impact of rapid growth. Going from a 20 person setup (presuming ~2k sq ft) to 10x that sounds like suicide.
I was working with someone just yesterday who took over a space that had just doubled in size and to fill it they made a TON of short term decisions that they still haven’t recovered from over a year later. Exponential growth is extremely, extremely hard on communities.
Is there potential for you to take a smaller portion of that 20,000 sq ft now, and potentially expand it incrementally over time? I’d be looking for ways to develop that kind of deal where it’s not just designed to relieve the pressure to make rent, but designed to relieve pressure of filling an empty room.
On Wed, Apr 5, 2017 at 3:46 AM, [email protected] wrote:
I started a coworking space around 6 months ago, a small setup for 20 people.
Fast forward today, the space is running at 50% capacity, break even and slightly cash flow positive.
I have an opportunity to expand to a 20,000 sq. ft space, where I have to pitch to the owner.
Wondering if there are any proposals or deals which are already done by people here, and if you can share it with me?
Thanks in advance.
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