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Ten Step Guide
to the Perfect
Coworking Space
Introduc)on	
  
With	
  almost	
  2,500	
  coworking	
  spaces	
  worldwide	
  since	
  DeskMag’s	
  last	
  
coworking	
  survey	
  in	
  February	
  2013,	
  the	
  quality	
  of	
  coworking	
  spaces	
  is	
  
impera)ve	
  to	
  fulfill	
  their	
  mission	
  and	
  ensure	
  that	
  they	
  keep	
  their	
  doors	
  open.	
  
	
  
	
  
	
  
	
  
	
  
	
  
	
  
	
  
This	
  guide	
  highlights	
  key	
  takeaways	
  from	
  Steve	
  Glaveski’s	
  Ten	
  Step	
  Guide	
  to	
  
Perfect	
  Coworking.	
   	
   	
   	
   	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  Image:	
  DeskMag	
  
	
  
Step	
  One	
  –	
  Iden)fy	
  Your	
  Market	
  
Who	
  are	
  you	
  targe@ng?	
  
Your	
  market	
  dictates	
  everything	
  you	
  do.	
  Your	
  name,	
  logo,	
  website,	
  loca)on	
  and	
  fitout.	
  
Basically,	
  everything	
  that	
  defines	
  your	
  brand.	
  	
  
	
  
Iden)fy	
  Your	
  Market	
  (cont.)	
  
Pick	
  a	
  niche	
  
Choose	
  your	
  target	
  market	
  carefully	
  based	
  on	
  the	
  following	
  factors.	
  	
  
	
  
•  Industry	
  
•  Business	
  maturity	
  
•  Size	
  of	
  the	
  business	
  
•  Loca)on	
  
•  Age	
  
•  Culture	
  	
  
•  Values	
  	
  
•  Demand	
  prospects	
  	
  
	
  	
  
“While	
  it’s	
  good	
  to	
  push	
  some	
  people’s	
  boundaries,	
  it’s	
  also	
  true	
  that	
  we	
  have	
  very	
  
individual	
  ways	
  of	
  working	
  and	
  we	
  should	
  feel	
  comfortable	
  to	
  gravitate	
  to	
  the	
  
community	
  that	
  suits	
  us	
  best”	
  –	
  Lauren	
  Anderson,	
  Collabora)ve	
  Labs	
  
Iden)fy	
  Your	
  Market	
  (cont.)	
  
Open	
  door	
  policy?	
  
	
  
Decide	
  on	
  whether	
  you	
  will	
  run	
  an	
  
open	
  door	
  policy	
  or	
  review	
  
applica@ons.	
  
	
  
Businesses	
  at	
  the	
  same	
  stage	
  of	
  the	
  
business	
  maturity	
  lifecycle,	
  for	
  
example,	
  will	
  be	
  going	
  through	
  similar	
  
growing	
  pains,	
  and	
  have	
  a	
  lot	
  to	
  gain	
  
through	
  sharing	
  insights	
  with	
  each	
  
other	
  and	
  helping	
  each	
  other	
  along	
  
the	
  way.	
  	
  
	
  
The	
  same	
  cannot	
  be	
  said	
  about	
  
businesses	
  in	
  vastly	
  different	
  stages.	
  
Step	
  Two	
  –	
  Loca)on,	
  Loca)on	
  
Where	
  are	
  you	
  seFng	
  up	
  shop?	
  
As	
  with	
  buying	
  a	
  home,	
  loca@on	
  is	
  king	
  when	
  it	
  comes	
  to	
  coworking	
  spaces.	
  	
  
	
  	
  
The	
  hustle	
  and	
  bustle	
  of	
  the	
  CBD	
  or	
  the	
  edginess	
  of	
  the	
  inner	
  city	
  suburbs?	
  
	
  
Whatever	
  the	
  case,	
  ensure	
  that	
  the	
  loca)on	
  selected	
  is	
  the	
  best	
  fit	
  for	
  your	
  market.	
  
	
  
	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
   	
   	
   	
   	
   	
   	
   	
  Image:	
  St	
  Kilda	
  Hub	
  
	
  	
  
Step	
  Two	
  –	
  Loca)on,	
  Loca)on	
  (cont.)	
  
Surroundings	
  count!	
  
Coworkers	
  want	
  more	
  than	
  just	
  a	
  place	
  to	
  work.	
  
	
  
•  Public	
  transport	
  
•  Car	
  parking	
  
•  Cafes	
  
•  Retail	
  stores	
  
•  Restaurants	
  
•  Bars	
  
	
  
	
  
Step	
  Two	
  –	
  Loca)on,	
  Loca)on	
  (cont.)	
  
Read	
  the	
  fine	
  print	
  
Ensure	
  you	
  have	
  the	
  right	
  to	
  alter	
  the	
  look	
  and	
  feel	
  of	
  the	
  venue	
  if	
  taking	
  out	
  a	
  lease	
  
	
  
Park,	
  river	
  or	
  beach	
  views	
  are	
  a	
  bonus!	
  
	
  
Step	
  Three	
  –	
  Fitout	
  
Clothes	
  maketh	
  the…space.	
  
First	
  impressions	
  count,	
  get	
  the	
  right	
  look!	
  
	
  
Step	
  Three	
  –	
  Fitout	
  (cont.)	
  
The	
  look	
  dictates	
  the	
  feel.	
  
A	
  coworking	
  space’s	
  fitout	
  should	
  reflect	
  the	
  space’s	
  principles	
  and	
  values.	
  
	
  	
  
Fitout	
  influences:	
  
•  The	
  work	
  environment	
  
•  Member	
  aFtudes	
  
•  Opportuni)es	
  for	
  conversa@on	
  and	
  collabora@on	
  
•  Member	
  aNrac@on	
  and	
  reten@on	
  	
  
	
  
	
  
Step	
  Three	
  –	
  Fitout	
  (cont.)	
  
Mix	
  it	
  up!	
  
•  Casual	
  hotdesks	
  	
  
•  Permanent	
  desks	
  
•  Dedicated	
  open	
  plan	
  team	
  spaces	
  
•  Private	
  team	
  spaces	
  
	
  
	
  
•  Quiet	
  spaces	
  	
  
•  Mee)ng	
  and/or	
  conference	
  
rooms	
  
•  Breakout	
  areas	
  
•  Open	
  collabora)ve	
  areas	
  
	
  
Most	
  successful	
  coworking	
  spaces	
  have	
  a	
  mix	
  of	
  the	
  following:	
  
Image:	
  Moboff.co.jp	
  
Step	
  Three	
  –	
  Fitout	
  (cont.)	
  
Coworking	
  should	
  inspire.	
  
Artwork	
  is	
  important	
  –	
  it	
  can	
  be	
  funky,	
  post-­‐modern,	
  conserva)ve…whatever.	
  It	
  all	
  
depends	
  on	
  your	
  market.	
  In	
  all	
  cases	
  though,	
  it	
  should	
  inspire	
  and	
  not	
  distract.	
  
	
  
Image:	
  Startupvitamins.com	
  
Step	
  Three	
  –	
  Fitout	
  (cont.)	
  
Avoid	
  unnecessary	
  noise	
  
Bad	
  acous)cs	
  can	
  make	
  a	
  coworking	
  space	
  sound	
  like	
  a	
  boiler	
  room	
  straight	
  out	
  of	
  	
  
The	
  Wolf	
  Of	
  Wall	
  Street.	
  
	
  	
  
Consider	
  the	
  following:	
  
•  Sound	
  deadening	
  floor	
  coverings	
  
•  Ceiling	
  treatments	
  
•  Sound	
  clouds	
  
•  Wall	
  panels	
  
•  Individual	
  work	
  areas	
  
•  Varying	
  ceiling	
  and	
  wall	
  surface	
  angles	
  
Step	
  Four	
  –	
  Branding	
  
What’s	
  in	
  a	
  name…	
  
Your	
  name,	
  logo,	
  marke)ng	
  materials	
  and	
  digital	
  iden)ty	
  say	
  a	
  lot	
  about	
  your	
  
coworking	
  space	
  and	
  its	
  members.	
  
	
  
	
  
	
  
	
  
	
  
	
  
	
  
Shakespeare	
  taught	
  us	
  that	
  a	
  rose	
  by	
  any	
  other	
  name	
  would	
  smell	
  just	
  as	
  sweet.	
  	
  
	
  
While	
  that	
  may	
  be	
  true,	
  you	
  can’t	
  smell	
  the	
  rose	
  unless	
  you	
  venture	
  into	
  the	
  garden,	
  
so	
  a	
  less	
  than	
  engaging	
  name	
  may	
  have	
  your	
  target	
  market	
  searching	
  elsewhere	
  and	
  
never	
  gedng	
  close	
  enough	
  to	
  smell	
  the	
  proverbial	
  rose.	
  	
  
	
  
Step	
  Four	
  –	
  Branding	
  (cont.)	
  
Your	
  online	
  iden@ty	
  
•  Your	
  website	
  is	
  most	
  prospec)ve	
  members	
  first	
  contact	
  with	
  your	
  coworking	
  space	
  
•  If	
  it	
  sends	
  the	
  wrong	
  message	
  you’ll	
  lose	
  them	
  forever	
  
•  On	
  social	
  media,	
  if	
  you’re	
  using	
  it	
  (which	
  you	
  should)	
  don’t	
  just	
  post,	
  be	
  sure	
  to	
  
engage!	
  
	
  
	
  
Step	
  Four	
  –	
  Branding	
  (cont.)	
  
Adver@sing	
  plaTorms	
  
There	
  are	
  many	
  pure-­‐play	
  shared	
  office	
  space	
  plaforms	
  such	
  as	
  LiquidSpace	
  in	
  the	
  
United	
  States,	
  HotDesk	
  in	
  Australia	
  and	
  Seats2Meet	
  in	
  Europe,	
  among	
  others.	
  While	
  
not	
  absolutely	
  cri)cal,	
  having	
  the	
  plaform	
  align	
  with	
  your	
  brand	
  is	
  an	
  advantage.	
  	
  
	
  
	
  
Step	
  Five	
  –	
  Community	
  and	
  Culture	
  
Build	
  a	
  tribe!	
  
The	
  difference	
  between	
  a	
  coworking	
  space	
  and	
  a	
  shared	
  office	
  space	
  is	
  community.	
  	
  
	
  
The	
  key	
  to	
  airac)ng	
  people	
  may	
  lie	
  in	
  branding,	
  but	
  the	
  key	
  to	
  reten@on	
  is	
  in	
  
community.	
  	
  
Step	
  Five	
  –	
  Community	
  snd	
  Culture	
  (cont.)	
  
Tools	
  of	
  the	
  trade	
  
It’s	
  all	
  about	
  inclusivity!	
  
	
  
•  Photo	
  boards	
  comprised	
  of	
  space	
  members	
  	
  
•  Regular	
  newsleiers	
  	
  
•  Events	
  and	
  workshops	
  
•  Special	
  member	
  only	
  offers	
  
•  Spotlights	
  on	
  members	
  and	
  their	
  businesses	
  
•  Engaging	
  with	
  members	
  on	
  social	
  media	
  
•  Friday	
  night	
  drinks	
  and	
  pizza	
  	
  
•  Beer	
  fridges	
  
•  The	
  occasional	
  lunch	
  
•  Alterna)ve	
  currencies	
  
	
  
Step	
  Five	
  –	
  Community	
  snd	
  Culture	
  (cont.)	
  
Community	
  management	
  
If	
  economically	
  viable	
  and	
  if	
  you	
  don’t	
  have	
  the	
  )me	
  to	
  build	
  the	
  community	
  yourself,	
  
consider	
  hiring	
  a	
  community	
  manager.	
  A	
  great	
  community	
  manager	
  will	
  be	
  worth	
  
their	
  weight.	
  	
  
	
  
	
  
Step	
  Six	
  –	
  Events	
  and	
  Educa)on	
  
Educate	
  the	
  tribe	
  
Events	
  are	
  a	
  great	
  way	
  to	
  earn	
  addi@onal	
  revenue	
  and	
  market	
  your	
  space	
  to	
  
outsiders.	
  
	
  	
  
	
  
	
  
Step	
  Six	
  –	
  Events	
  and	
  Educa)on	
  (cont.)	
  
Be	
  strategic.	
  
Align	
  the	
  nature	
  of	
  events	
  with	
  your	
  brand	
  and	
  target	
  market.	
  
	
  	
  
For	
  example,	
  if	
  your	
  coworking	
  space	
  focuses	
  on	
  public	
  prac)ce	
  professional	
  services	
  
such	
  as	
  accountany,	
  law	
  and	
  company	
  planning,	
  hos)ng	
  talks	
  related	
  to	
  topics	
  such	
  as	
  
‘how	
  to	
  maximise	
  your	
  tax	
  return’	
  will	
  only	
  serve	
  to	
  build	
  your	
  brand	
  further	
  and	
  
solidify	
  your	
  reputa)on	
  as	
  the	
  public	
  prac)ce	
  coworking	
  space.	
  
	
  
	
  
Step	
  Six	
  –	
  Events	
  and	
  Educa)on	
  (cont.)	
  
Member	
  par@cipa@on	
  
Let	
  members	
  aiend	
  for	
  free	
  as	
  a	
  membership	
  value-­‐add	
  and	
  encourage	
  them	
  to	
  
organise	
  their	
  own	
  events.	
  The	
  resident	
  tax	
  consultant	
  will	
  not	
  only	
  boost	
  his	
  public	
  
speaking	
  creden)als	
  by	
  holding	
  a	
  workshop,	
  but	
  could	
  also	
  generate	
  addi)onal	
  leads	
  
and	
  customers.	
  Another	
  value	
  add.	
  
	
  
	
  
Step	
  Six	
  –	
  Events	
  and	
  Educa)on	
  (cont.)	
  
Networking	
  drinks	
  
Whatever	
  the	
  event	
  and	
  whoever	
  the	
  organiser,	
  a	
  30	
  to	
  60	
  minute	
  block	
  of	
  
networking	
  drinks,	
  generally	
  aler	
  the	
  presenta)on,	
  is	
  a	
  must.	
  
	
  	
  
	
  
	
  
Step	
  Six	
  –	
  Events	
  and	
  Educa)on	
  (cont.)	
  
Ongoing	
  educa@on	
  and	
  insights	
  
Educa)on	
  also	
  extends	
  beyond	
  workshops	
  to	
  sharing	
  informa)ve	
  blog	
  posts	
  on	
  topics	
  
such	
  as	
  efficiency,	
  collabora)on	
  and	
  remote	
  working	
  tools	
  via	
  your	
  website,	
  social	
  
media	
  accounts	
  and	
  newsleiers.	
  	
  
	
  	
  
A	
  library,	
  whether	
  digital	
  or	
  hardcopy,	
  of	
  books,	
  journals	
  and	
  general	
  value	
  adding	
  
insights	
  is	
  also	
  very	
  useful.	
  	
  
	
  	
  
	
  
	
  
Step	
  Seven	
  –	
  Administra)on	
  
Boring	
  but	
  important!	
  
In	
  the	
  digital	
  age,	
  you	
  don’t	
  want	
  people	
  to	
  deal	
  with	
  hardcopy	
  paperwork,	
  manual	
  
payments,	
  difficulty	
  gedng	
  in	
  and	
  out	
  of	
  the	
  venue	
  or	
  issues	
  connec)ng	
  to	
  the	
  
wireless	
  internet.	
  
	
  	
  
	
  
	
  
Step	
  Seven	
  –	
  Administra)on	
  (cont.)	
  
Suppor@ng	
  technologies	
  
While	
  technologies	
  in	
  this	
  space	
  are	
  not	
  mature	
  yet,	
  they	
  do	
  make	
  life	
  easier!	
  
	
  
From	
  managing	
  user	
  registra)ons	
  and	
  access	
  to	
  coworking	
  spaces	
  and	
  wifi	
  services	
  to	
  
facilita)ng	
  mee)ng	
  room	
  bookings,	
  invoice	
  genera)on,	
  direct	
  debit	
  of	
  member	
  
payments	
  and	
  the	
  subsequent	
  provision	
  of	
  receipts,	
  tools	
  such	
  as	
  COBOT	
  and	
  
Nexudus	
  can	
  help	
  make	
  your	
  job	
  easier.	
  	
  
	
  
Plus,	
  you’ll	
  save	
  some	
  trees	
  along	
  the	
  way!	
  
	
  
	
  	
  
	
  
	
  
Step	
  Eight	
  –	
  Music	
  	
  
Everyone’s	
  a	
  DJ	
  
Introduce	
  a	
  Bluetooth	
  ready	
  speaker	
  system,	
  invite	
  each	
  member	
  to	
  contribute	
  songs	
  
to	
  a	
  Spo)fy	
  playlist	
  and	
  keep	
  the	
  volume	
  to	
  an	
  appropriate	
  level.	
  
	
  
	
  Background	
  music	
  may	
  not	
  be	
  suitable	
  for	
  every	
  space	
  so	
  think	
  about	
  your	
  members!	
  	
  
	
  
	
  
	
  	
  
	
  
	
  
Step	
  Nine	
  –	
  Ameni)es	
  
A	
  home	
  away	
  from	
  home	
  
As	
  alluded	
  to	
  in	
  previous	
  steps,	
  coworkers	
  will	
  expect	
  a	
  minimum	
  set	
  of	
  ameni)es	
  at	
  
most	
  spaces.	
  	
  
	
  
•  Ergonomic	
  chairs	
  and	
  desks	
  
•  Wireless	
  internet,	
  printer	
  and	
  copier	
  access	
  
•  Basic	
  kitchen	
  facili)es	
  
•  Coffee	
  machine	
  
•  Showers	
  
•  Lockers	
  
•  Change	
  rooms	
  
•  Lavatories	
  
•  Nerf	
  guns	
  op)onal	
  
	
  
	
  
	
  	
  
	
  
	
  
	
  	
  
Step	
  Ten	
  –	
  Pricing	
  and	
  Flexibility	
  
Don’t	
  forget	
  why	
  you	
  exist	
  
Coworking	
  is	
  meant	
  to	
  be	
  flexible...and	
  affordable.	
  
	
  
Deskmag	
  found	
  that	
  the	
  most	
  important	
  factors	
  for	
  coworkers	
  are	
  convenience	
  and	
  
affordability.	
  
	
  	
  
Don’t	
  lose	
  sight	
  of	
  this	
  fact	
  and	
  be	
  sure	
  to	
  create	
  a	
  number	
  of	
  packages	
  to	
  suit	
  
different	
  member	
  needs.	
  From	
  casual	
  drop-­‐ins	
  to	
  1,	
  3	
  and	
  5	
  day	
  a	
  week	
  passes,	
  be	
  
flexible.	
  	
  
	
  
	
  
	
  	
  
	
  
	
  
	
  	
  
	
  
	
  
Step	
  Ten	
  –	
  Pricing	
  and	
  Flexibility	
  (cont.)	
  
Compare	
  the	
  market	
  
Assess	
  what	
  other	
  spaces	
  are	
  charging,	
  and	
  based	
  on	
  your	
  target	
  market,	
  loca)on,	
  
fitout,	
  community	
  and	
  overall	
  brand,	
  determine	
  a	
  reasonable	
  price	
  point	
  for	
  member	
  
packages	
  as	
  well	
  as	
  short-­‐term	
  daily,	
  weekly	
  and	
  monthly	
  bookings.	
  
	
  	
  
Offer	
  24-­‐7	
  access	
  where	
  possible.	
  	
  
	
  
	
  
	
  	
  
	
  
	
  
	
  	
  
	
  
	
  
Step	
  Ten	
  –	
  Pricing	
  and	
  Flexibility	
  (cont.)	
  
Be	
  crea@ve	
  
Consider	
  whether	
  or	
  not	
  you	
  will	
  charge	
  for	
  mee)ng	
  room	
  use	
  and	
  whether	
  this	
  will	
  
form	
  part	
  of	
  user	
  packages.	
  
	
  	
  
Find	
  that	
  the	
  space	
  is	
  most	
  quiet	
  on	
  Mondays	
  and	
  Fridays?	
  Consider	
  offering	
  a	
  cheap	
  
drop-­‐in	
  pass	
  for	
  those	
  days.	
  
	
  
	
  
	
  	
  
	
  
	
  
	
  	
  
	
  
	
  
About	
  the	
  Writer	
  
	
  
Steve	
  Glaveski	
  is	
  the	
  founder	
  and	
  managing	
  director	
  of	
  HotDesk,	
  a	
  shared	
  office	
  space	
  and	
  
coworking	
  plaform	
  focused	
  on	
  op)mising	
  distressed	
  office	
  and	
  improving	
  cashflow	
  for	
  both	
  
landlords,	
  lessees	
  and	
  users	
  of	
  space	
  by	
  developing	
  collabora)ve	
  and	
  innova)ve	
  coworking	
  
spaces.	
  	
  
	
  
Feel	
  free	
  to	
  contact	
  Steve	
  at	
  any	
  of	
  the	
  below.	
  
	
  
Steve	
  Glaveski	
  |	
  Founder	
  and	
  Managing	
  Director	
  
Hotdesk	
  -­‐	
  find	
  a	
  working	
  space.	
  
T	
  @steveglaveski	
  
E	
  steve@hotdesk.com.au	
  
W	
  www.hotdesk.com.au	
  

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Ten Step Guide to the Perfect Coworking Space

  • 1. Ten Step Guide to the Perfect Coworking Space
  • 2. Introduc)on   With  almost  2,500  coworking  spaces  worldwide  since  DeskMag’s  last   coworking  survey  in  February  2013,  the  quality  of  coworking  spaces  is   impera)ve  to  fulfill  their  mission  and  ensure  that  they  keep  their  doors  open.                   This  guide  highlights  key  takeaways  from  Steve  Glaveski’s  Ten  Step  Guide  to   Perfect  Coworking.                                                    Image:  DeskMag    
  • 3. Step  One  –  Iden)fy  Your  Market   Who  are  you  targe@ng?   Your  market  dictates  everything  you  do.  Your  name,  logo,  website,  loca)on  and  fitout.   Basically,  everything  that  defines  your  brand.      
  • 4. Iden)fy  Your  Market  (cont.)   Pick  a  niche   Choose  your  target  market  carefully  based  on  the  following  factors.       •  Industry   •  Business  maturity   •  Size  of  the  business   •  Loca)on   •  Age   •  Culture     •  Values     •  Demand  prospects         “While  it’s  good  to  push  some  people’s  boundaries,  it’s  also  true  that  we  have  very   individual  ways  of  working  and  we  should  feel  comfortable  to  gravitate  to  the   community  that  suits  us  best”  –  Lauren  Anderson,  Collabora)ve  Labs  
  • 5. Iden)fy  Your  Market  (cont.)   Open  door  policy?     Decide  on  whether  you  will  run  an   open  door  policy  or  review   applica@ons.     Businesses  at  the  same  stage  of  the   business  maturity  lifecycle,  for   example,  will  be  going  through  similar   growing  pains,  and  have  a  lot  to  gain   through  sharing  insights  with  each   other  and  helping  each  other  along   the  way.       The  same  cannot  be  said  about   businesses  in  vastly  different  stages.  
  • 6. Step  Two  –  Loca)on,  Loca)on   Where  are  you  seFng  up  shop?   As  with  buying  a  home,  loca@on  is  king  when  it  comes  to  coworking  spaces.         The  hustle  and  bustle  of  the  CBD  or  the  edginess  of  the  inner  city  suburbs?     Whatever  the  case,  ensure  that  the  loca)on  selected  is  the  best  fit  for  your  market.                                        Image:  St  Kilda  Hub      
  • 7. Step  Two  –  Loca)on,  Loca)on  (cont.)   Surroundings  count!   Coworkers  want  more  than  just  a  place  to  work.     •  Public  transport   •  Car  parking   •  Cafes   •  Retail  stores   •  Restaurants   •  Bars      
  • 8. Step  Two  –  Loca)on,  Loca)on  (cont.)   Read  the  fine  print   Ensure  you  have  the  right  to  alter  the  look  and  feel  of  the  venue  if  taking  out  a  lease     Park,  river  or  beach  views  are  a  bonus!    
  • 9. Step  Three  –  Fitout   Clothes  maketh  the…space.   First  impressions  count,  get  the  right  look!    
  • 10. Step  Three  –  Fitout  (cont.)   The  look  dictates  the  feel.   A  coworking  space’s  fitout  should  reflect  the  space’s  principles  and  values.       Fitout  influences:   •  The  work  environment   •  Member  aFtudes   •  Opportuni)es  for  conversa@on  and  collabora@on   •  Member  aNrac@on  and  reten@on        
  • 11. Step  Three  –  Fitout  (cont.)   Mix  it  up!   •  Casual  hotdesks     •  Permanent  desks   •  Dedicated  open  plan  team  spaces   •  Private  team  spaces       •  Quiet  spaces     •  Mee)ng  and/or  conference   rooms   •  Breakout  areas   •  Open  collabora)ve  areas     Most  successful  coworking  spaces  have  a  mix  of  the  following:   Image:  Moboff.co.jp  
  • 12. Step  Three  –  Fitout  (cont.)   Coworking  should  inspire.   Artwork  is  important  –  it  can  be  funky,  post-­‐modern,  conserva)ve…whatever.  It  all   depends  on  your  market.  In  all  cases  though,  it  should  inspire  and  not  distract.     Image:  Startupvitamins.com  
  • 13. Step  Three  –  Fitout  (cont.)   Avoid  unnecessary  noise   Bad  acous)cs  can  make  a  coworking  space  sound  like  a  boiler  room  straight  out  of     The  Wolf  Of  Wall  Street.       Consider  the  following:   •  Sound  deadening  floor  coverings   •  Ceiling  treatments   •  Sound  clouds   •  Wall  panels   •  Individual  work  areas   •  Varying  ceiling  and  wall  surface  angles  
  • 14. Step  Four  –  Branding   What’s  in  a  name…   Your  name,  logo,  marke)ng  materials  and  digital  iden)ty  say  a  lot  about  your   coworking  space  and  its  members.                 Shakespeare  taught  us  that  a  rose  by  any  other  name  would  smell  just  as  sweet.       While  that  may  be  true,  you  can’t  smell  the  rose  unless  you  venture  into  the  garden,   so  a  less  than  engaging  name  may  have  your  target  market  searching  elsewhere  and   never  gedng  close  enough  to  smell  the  proverbial  rose.      
  • 15. Step  Four  –  Branding  (cont.)   Your  online  iden@ty   •  Your  website  is  most  prospec)ve  members  first  contact  with  your  coworking  space   •  If  it  sends  the  wrong  message  you’ll  lose  them  forever   •  On  social  media,  if  you’re  using  it  (which  you  should)  don’t  just  post,  be  sure  to   engage!      
  • 16. Step  Four  –  Branding  (cont.)   Adver@sing  plaTorms   There  are  many  pure-­‐play  shared  office  space  plaforms  such  as  LiquidSpace  in  the   United  States,  HotDesk  in  Australia  and  Seats2Meet  in  Europe,  among  others.  While   not  absolutely  cri)cal,  having  the  plaform  align  with  your  brand  is  an  advantage.        
  • 17. Step  Five  –  Community  and  Culture   Build  a  tribe!   The  difference  between  a  coworking  space  and  a  shared  office  space  is  community.       The  key  to  airac)ng  people  may  lie  in  branding,  but  the  key  to  reten@on  is  in   community.    
  • 18. Step  Five  –  Community  snd  Culture  (cont.)   Tools  of  the  trade   It’s  all  about  inclusivity!     •  Photo  boards  comprised  of  space  members     •  Regular  newsleiers     •  Events  and  workshops   •  Special  member  only  offers   •  Spotlights  on  members  and  their  businesses   •  Engaging  with  members  on  social  media   •  Friday  night  drinks  and  pizza     •  Beer  fridges   •  The  occasional  lunch   •  Alterna)ve  currencies    
  • 19. Step  Five  –  Community  snd  Culture  (cont.)   Community  management   If  economically  viable  and  if  you  don’t  have  the  )me  to  build  the  community  yourself,   consider  hiring  a  community  manager.  A  great  community  manager  will  be  worth   their  weight.        
  • 20. Step  Six  –  Events  and  Educa)on   Educate  the  tribe   Events  are  a  great  way  to  earn  addi@onal  revenue  and  market  your  space  to   outsiders.          
  • 21. Step  Six  –  Events  and  Educa)on  (cont.)   Be  strategic.   Align  the  nature  of  events  with  your  brand  and  target  market.       For  example,  if  your  coworking  space  focuses  on  public  prac)ce  professional  services   such  as  accountany,  law  and  company  planning,  hos)ng  talks  related  to  topics  such  as   ‘how  to  maximise  your  tax  return’  will  only  serve  to  build  your  brand  further  and   solidify  your  reputa)on  as  the  public  prac)ce  coworking  space.      
  • 22. Step  Six  –  Events  and  Educa)on  (cont.)   Member  par@cipa@on   Let  members  aiend  for  free  as  a  membership  value-­‐add  and  encourage  them  to   organise  their  own  events.  The  resident  tax  consultant  will  not  only  boost  his  public   speaking  creden)als  by  holding  a  workshop,  but  could  also  generate  addi)onal  leads   and  customers.  Another  value  add.      
  • 23. Step  Six  –  Events  and  Educa)on  (cont.)   Networking  drinks   Whatever  the  event  and  whoever  the  organiser,  a  30  to  60  minute  block  of   networking  drinks,  generally  aler  the  presenta)on,  is  a  must.          
  • 24. Step  Six  –  Events  and  Educa)on  (cont.)   Ongoing  educa@on  and  insights   Educa)on  also  extends  beyond  workshops  to  sharing  informa)ve  blog  posts  on  topics   such  as  efficiency,  collabora)on  and  remote  working  tools  via  your  website,  social   media  accounts  and  newsleiers.         A  library,  whether  digital  or  hardcopy,  of  books,  journals  and  general  value  adding   insights  is  also  very  useful.            
  • 25. Step  Seven  –  Administra)on   Boring  but  important!   In  the  digital  age,  you  don’t  want  people  to  deal  with  hardcopy  paperwork,  manual   payments,  difficulty  gedng  in  and  out  of  the  venue  or  issues  connec)ng  to  the   wireless  internet.          
  • 26. Step  Seven  –  Administra)on  (cont.)   Suppor@ng  technologies   While  technologies  in  this  space  are  not  mature  yet,  they  do  make  life  easier!     From  managing  user  registra)ons  and  access  to  coworking  spaces  and  wifi  services  to   facilita)ng  mee)ng  room  bookings,  invoice  genera)on,  direct  debit  of  member   payments  and  the  subsequent  provision  of  receipts,  tools  such  as  COBOT  and   Nexudus  can  help  make  your  job  easier.       Plus,  you’ll  save  some  trees  along  the  way!            
  • 27. Step  Eight  –  Music     Everyone’s  a  DJ   Introduce  a  Bluetooth  ready  speaker  system,  invite  each  member  to  contribute  songs   to  a  Spo)fy  playlist  and  keep  the  volume  to  an  appropriate  level.      Background  music  may  not  be  suitable  for  every  space  so  think  about  your  members!                
  • 28. Step  Nine  –  Ameni)es   A  home  away  from  home   As  alluded  to  in  previous  steps,  coworkers  will  expect  a  minimum  set  of  ameni)es  at   most  spaces.       •  Ergonomic  chairs  and  desks   •  Wireless  internet,  printer  and  copier  access   •  Basic  kitchen  facili)es   •  Coffee  machine   •  Showers   •  Lockers   •  Change  rooms   •  Lavatories   •  Nerf  guns  op)onal                  
  • 29. Step  Ten  –  Pricing  and  Flexibility   Don’t  forget  why  you  exist   Coworking  is  meant  to  be  flexible...and  affordable.     Deskmag  found  that  the  most  important  factors  for  coworkers  are  convenience  and   affordability.       Don’t  lose  sight  of  this  fact  and  be  sure  to  create  a  number  of  packages  to  suit   different  member  needs.  From  casual  drop-­‐ins  to  1,  3  and  5  day  a  week  passes,  be   flexible.                        
  • 30. Step  Ten  –  Pricing  and  Flexibility  (cont.)   Compare  the  market   Assess  what  other  spaces  are  charging,  and  based  on  your  target  market,  loca)on,   fitout,  community  and  overall  brand,  determine  a  reasonable  price  point  for  member   packages  as  well  as  short-­‐term  daily,  weekly  and  monthly  bookings.       Offer  24-­‐7  access  where  possible.                        
  • 31. Step  Ten  –  Pricing  and  Flexibility  (cont.)   Be  crea@ve   Consider  whether  or  not  you  will  charge  for  mee)ng  room  use  and  whether  this  will   form  part  of  user  packages.       Find  that  the  space  is  most  quiet  on  Mondays  and  Fridays?  Consider  offering  a  cheap   drop-­‐in  pass  for  those  days.                      
  • 32. About  the  Writer     Steve  Glaveski  is  the  founder  and  managing  director  of  HotDesk,  a  shared  office  space  and   coworking  plaform  focused  on  op)mising  distressed  office  and  improving  cashflow  for  both   landlords,  lessees  and  users  of  space  by  developing  collabora)ve  and  innova)ve  coworking   spaces.       Feel  free  to  contact  Steve  at  any  of  the  below.     Steve  Glaveski  |  Founder  and  Managing  Director   Hotdesk  -­‐  find  a  working  space.   T  @steveglaveski   E  steve@hotdesk.com.au   W  www.hotdesk.com.au