That editgrid spreadsheet looks really helpful, thanks for sharing
it. Is there an easy way of changing the currency?
On 1 Feb 2011, at 13:52, kaan aksay wrote:
> check this out.
> On Feb 1, 1:26 pm, Michael <[email protected]> wrote:
>> Hey Jack,
>> Thanks for your detailed response, I really appreciate it.
>> Right now I am looking to write something which is more of a helpful
>> article, rather than anything too scholarly. I understand that when
>> comes to opening up a coworking space many factors
>> of community etc.) will effect how much it is going to cost to set
>> I would like to give the would-be coworking space founder a simple
>> idea of what kind of costs are expected when opening up a coworking
>> space. It is always great to have some examples from people who have
>> experience doing it and I thank you, Alex and Blair for giving them.
>> I did not initially consider ongoing costs for marketing and sales
>> related activities, but I guess for coworking spaces which are not
>> founded on an already established community they must be pretty
>> important too.
>> Did you have a community ready when you started or did you have to
>> build it?
>> On Jan 31, 11:29 pm, Jack Speranza > >> <[email protected]> > >> wrote:
>>> Hi Michael --
>>> I suspect the responses you're going to get on this will be wide
>>> ranging -- and they should be, as start-up costs will very much be a
>>> function of the location, size and objectives of each space. Also,
>>> you're going to need to translate the info you get into "apples to
>>> apples" comparisons for the data to be valid... for example, many
>>> folks who don't come at this from a business / accounting background
>>> will attribute both capital and operating expenses to "costs."
>>> In terms of my own space, I have chosen to bootstrap my endeavor.
>>> Consequently, my initial capital investment was limited, and I am
>>> using operational revenues to pay for additional capital needs as
>>> community grows. I did not have to undertake any leasehold
>>> improvements in my space. A portion of my furnishings and equipment
>>> were cannibalized from another business, and IKEA is my friend for
>>> what I have opted to purchase. My total investment for capital
>>> thus far is under $1,750 for a 1,000 square foot suburban space
>>> outside of Boston that maxes out at 10 concurrent users.
>>> Do you consider ongoing "costs" for marketing and sales-related
>>> activities part of the information you're looking to collect? If
>>> then how would you like to measure these (annualized gross costs
>>> or in
>>> some other fashion)? My pre-opening marketing expenses were very
>>> limited -- about $250 for some flyers, brochures and digital ads.
>>> As of the end of January, my space will have been operating for 4
>>> months. In terms of operational performance, we're almost at break-
>>> even (and even that's a bit misleading, as I haven't really been
>>> marketing aggressively).
>>> Hope this is helpful.
>>> Jack Speranza
>>> Principal, Main Street Ventures
>>> 15 Main Street, 2nd Floor
>>> Hopkinton, MA 01748
>>> T: 508.858.5440 x101
>>> F: 508.858.5441
>>> Toll Free: 866.472.1035http://mainstreetventures.comhttp://
>>> On Jan 30, 11:33 pm, Michael <[email protected]> wrote:
>>>> I was thinking about writing a blog article about the costs of
>>>> starting a coworking space on my website and I thought what the
>>>> Why not just start a thread here and get actual feedback from
>>>> who have been through all this before. This way i can get some
>>>> material for a killer blog post and this can also be an informative
>>>> thread for people who are thinking about opening their own
>>>> So here are my questions for anyone who has started a coworking
>>>> space :
>>>> 1)How much did it cost you to start your community coworking space?
>>>> 2)What was the cost breakdown?
>>>> 3)Were there any surprise costs which you never considered?
>>>> 4)If you has to do it again how would you spend differently?
>>>> 5)What were your smartest cost saving measures?
>>>> 6)What is your biggest on-going cost?
>>>> Please add any more questions you can think of!
>>>> Advertise your coworking spaces for FREEhttp://www.myecodesk.com
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