C4 Workspace

An oldey but goody from the Business Pundit blog.

Coworking vs. the Coffee Shop: Who Wins? | Business Pundit

Enjoy!

Web Worker Daily put up this post afew days ago, Justifying Coworking As an Investment. It flashed across the coworkingverse like wildfire and it has some great points.

We’re always looking for information about coworking that we can share. But I thought it might be good to make this one relevant to C⁴ Workspace. So here goes.

Point by Point

WWD laid the post out in three points.

Step 1: Identify What You Have to Gain from Coworking
We like to think of these in terms of our name:

• Collaboration
• Cooperation
• Community
• Connection

Put those together and you have what we could call “opportunity investment.”

Step 2: Assess the Risks and Costs Associated with Coworking
WWD didn’t really address the “risk” part of that so we will. The biggest risk of coworking is that you will run into someone who isn’t about the community so much as about themselves. They could steal an idea or a client. This is a case of what I call the 99-1 rule. Don’t spend all you time planning and worrying about the 1% of worst case scenarios. Plan for the 99% you’ll run into and deal with the 1% when they come along. You are more likely to have an idea or client stolen at a coffee shop by someone you don’t know eavesdropping on your conversation. (We take the “Co-” in community seriously. If you need a private conversation speak more softly or use a one of the phone rooms.)

Costs always have to be considered. It was one of the first things we thought of when we stated to think about opening a space: will people pay for professional workspace? We answered it in one of our initial presentation slides titled “Whadya Nuts?”. The answer is that as a small business or a freelance or solo you have no choice but to grow your business, especially in a down economy. To grow you will need to attract new clients and appear more professional than the next guy. That requires an investment in time and money.

You also have to consider what operating out of your home costs you now. You’re driving to meet clients. If you work (ethically) in a coffee shop you’re buying drinks and food. You’re paying for WiFi in some fashion. So, add up those hard costs for gas, drive time, WiFi, food and drink. You probably spend about $20 a day for little to no privacy, no connection to others, noisy meeting space and overpriced WiFi and beverages.

Coworking at C⁴ Workspace starts at $20 a day and goes down from there. Last I checked Starbucks didn’t give you volume discounts on lattes.

Step 3: Make an Informed Decision

Absolutely. The best way to do that is to “try before you buy”. Drop in on the Second Thursday for Jelly San Antonio all day free coworking. Better yet, just drop in and sit down. Talk to us about what you need and we can work something out. Remember, it’s all about the community. Essentially, everyone is a customer, a participant, a contributor. Even us.

No Hard Sell

Because it’s not necessary. Try coworking one day and you’ll be hooked. Yes, it costs money and money is dear right now. But if you are serious about your business and want to be a player in our economic ecosystem we think it’s an investment worth making.

A short post with some good points about why coworking could be right for you.

• It creates accountability, which can help prevent procrastination.
• Coworking inspires creativity by giving you an opportunity to work in proximity to other like-minded professionals.
• It provides social benefits that are typically absent when working from home.
• It gives you the opportunity for professional networking while you work.
• Coworking can help you learn from others, collaborate and grow.
• It develops a community-like atmosphere where you can find support and encouragement.
• It fulfills the basic human need of working side-by-side with others, and can help you enjoy your work more.

In the 8 weeks I’ve been working full time in the space I’ve found one more: credibility. Because I have an “office” clients and prospects seem to take me more seriously. And I get to work with some great people. 

Some good comments on the post as well.