Serious newbie question

I’m doing some academic work around coworking, and I’m really interested in how a coworking space founder sets up the initial business plan. What do the documents look like? What kind of startup budget , what kind of spreadsheets… what kind of information would you share with a bank or a potential landlord?

Also, what does an operational budget look like?

I realize that this information might be right in front of me, but I’m missing it!

Would anyone be willing to share the documents they used in the implementation and operation of a space?

I’ve been in contact with Anne Kirby and her amazing space in Lancaster PA called “The Candy Factory”… amazing.

-vern-

We started Betacowork with a simple spreadsheet. Here's an example you can use : http://www.betacowork.com/can-you-make-money-with-coworking/

More coworking finance resources here: http://coworkinghandbook.com/finance/

I've also included a finance chapter in The Coworking Handbook that will help you too: http://coworkinghandbook.com

Good luck with your research, :slight_smile:

Ramon

THANKS Ramon! Wow. Diving in. This is so helpful.

···

On Saturday, May 7, 2016 at 6:04:16 AM UTC-4, Ramon Suarez wrote:

We started Betacowork with a simple spreadsheet. Here’s an example you can use : http://www.betacowork.com/can-you-make-money-with-coworking/
More coworking finance resources here: http://coworkinghandbook.com/finance/

I’ve also included a finance chapter in The Coworking Handbook that will help you too: http://coworkinghandbook.com

Good luck with your research, :slight_smile:

Ramon

Thanks Ramon,
very timely discovery for me. I’ve hit the wall a bit this week and now wondering if my expectation and reality were even closely aligned. So I have to go over all the baselines again.

Ana.

Only reality can tell :slight_smile: Practice always trumps theory

Ramon Suarez

Serendipity Accelerator, Betacowork

Author: http://coworkinghandbook.com

···

On May 27, 2016 04:14, “Anakowi Paul” [email protected] wrote:

Thanks Ramon,
very timely discovery for me. I’ve hit the wall a bit this week and now wondering if my expectation and reality were even closely aligned. So I have to go over all the baselines again.

Ana.

Visit this forum on the web at http://discuss.coworking.com


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We used standard business plan and cashflow model documents as the starting point and customized from there as we learn’t more. After all the business side of a coworking space is just that, business. You have overheads and outgoings. You have revenue. You have to make the latter larger than the former or you’re hooped in the long run and your vision won’t see the light of day.

These guys have some great resources (Canadian but the principles apply everywhere): http://www.futurpreneur.ca/en/resources/start-up-business-planning/

···

On Friday, 6 May 2016 07:46:18 UTC-7, Vern Hyndman wrote:

I’m doing some academic work around coworking, and I’m really interested in how a coworking space founder sets up the initial business plan. What do the documents look like? What kind of startup budget , what kind of spreadsheets… what kind of information would you share with a bank or a potential landlord?

Also, what does an operational budget look like?

I realize that this information might be right in front of me, but I’m missing it!

Would anyone be willing to share the documents they used in the implementation and operation of a space?

I’ve been in contact with Anne Kirby and her amazing space in Lancaster PA called “The Candy Factory”… amazing.

-vern-

Hi Ramon,

The GCUC 2014 finance workshop link isn’t working. Please advise. Thanks!

···

On Saturday, May 7, 2016 at 6:04:16 AM UTC-4, Ramon Suarez wrote:

We started Betacowork with a simple spreadsheet. Here’s an example you can use : http://www.betacowork.com/can-you-make-money-with-coworking/
More coworking finance resources here: http://coworkinghandbook.com/finance/

I’ve also included a finance chapter in The Coworking Handbook that will help you too: http://coworkinghandbook.com

Good luck with your research, :slight_smile:

Ramon

I just checked with an incognito window and it worked fine. Anybody with the link can view it. To edit the form you have to either copy it to your own Google Drive or download it.

···

On Wed, Jun 1, 2016 at 12:52 AM, Patrice Cameau [email protected] wrote:

Hi Ramon,

The GCUC 2014 finance workshop link isn’t working. Please advise. Thanks!

On Saturday, May 7, 2016 at 6:04:16 AM UTC-4, Ramon Suarez wrote:

We started Betacowork with a simple spreadsheet. Here’s an example you can use : http://www.betacowork.com/can-you-make-money-with-coworking/
More coworking finance resources here: http://coworkinghandbook.com/finance/

I’ve also included a finance chapter in The Coworking Handbook that will help you too: http://coworkinghandbook.com

Good luck with your research, :slight_smile:

Ramon

Visit this forum on the web at http://discuss.coworking.com


You received this message because you are subscribed to a topic in the Google Groups “Coworking” group.

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Ramon Suarez
Serendipity Accelerator, Betacowork
Author: http://coworkinghandbook.com
email & hangouts: [email protected]

Phone: +3227376769

GSM: +32497556284

Twitter:http://twitter.com/ramonsuarez
Skype: ramonsuarez

Try coworking: http://betacowork.com