12 factors that predict whether coworking is right for you
From Flex in Five with Mike Kriel · 12:41
Show by Mike Kriel
What does a coworking operator actually look for in your building?In this episode, Mike breaks down Launch's proprietary 12-point evaluation system. This is the weighted criteria we use to determine whether a building is set up to succeed with flexible workspace.From competition proximity to amenity activation, capital strength to tenant mix, this is the same scoring system Launch has used for 10 years to predict financial performance.The 12 points are:1. Proximity of competition2. Quality of competition3. Professional management services4. Entrepreneurial strength and mindset5. Capital strength6. Risk tolerance7. Building class8. Operator alignment with building class9. Parking10. Amenities in the building11. Activation of those amenities12. Vacancy and tenant stackHow do your business and your building stack up against these criteria?---------------------------------------------------------------------------------------------------------------------------Connect with Mikehttps://launchworkplaces.com/https://www.linkedin.com/in/mike-kriel-a43994/ ---------------------------------------------------------------------------------------------------------------------------About Flex in Five with Mike KrielHow 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.Want to learn more about how to add a profitable coworking operation to your building? Download our free Commercial Landlord's Guide to Flexible Office Space: https://launchworkplaces.com/landlords/
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