What does it take to open and run a profitable coworking space?
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What does it take to open and run a profitable coworking space?
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You've got vacant space, and you're weighing whether to run coworking yourself or bring in an operator. Before you decide, you need a clear picture of what running a good space really takes.
In this episode, Launch Workplaces CEO Mike Kriel walks building owners through everything that sits behind a well-run coworking center: the technology backbone, the software, the right person on the floor, the community and events, the day-to-day nuts and bolts, and the marketing it takes to keep the space full. He also explains why the best operators make all of it look easy, and why that should make an owner more cautious, not more confident.
For Launch, it takes more than 240 tasks and 90 days just to open a single location. Going in eyes wide open is the whole point.
Want to learn more about what it takes to open and run a profitable coworking business, and whether it makes sense for your portfolio? Download The Commercial Landlord’s Guide to Flexible Office Space. It's 50+ pages built for landlords exploring flex:
https://launchworkplaces.com/landlords/
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Connect with Mike
https://launchworkplaces.com/
https://www.linkedin.com/in/mike-kriel-a43994/
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About Flex in Five with Mike Kriel
How do you make money in the flexible workspace industry? Mike Kriel, CEO of Launch Workplaces, breaks down the opportunities, trends, and strategies that are working right now, in five minutes or less.
Honest and unfiltered, each episode tackles one focused topic, from what's working in coworking to emerging opportunities for commercial landlords, brokers, developers, and operators.
Drawing from real-world experience and conversations across the industry, Mike delivers actionable insights designed to help you grow your piece of the pie in this ever-evolving market.
🔔 Hit subscribe to make sure you don't miss an episode.
Want to learn more about how to add a profitable coworking operation to your building? Download our free eBook: https://launchworkplaces.com/landlords/