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Best Tips for Increasing Profitability at Your Coworking Space

Nearly 9 in 10 coworkers say they feel happier after joining a flexible coworking space in Dublin, California.

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Best Tips for Increasing Profitability at Your Coworking Space

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  1. Best Tips for Increasing Profitability at Your Coworking Space

  2. INTRODUCTION Nearly 9 in 10 coworkers say they feel happier after joining a flexible coworking space in Dublin, California. • In this ppt, we’ll walk through proven strategies for how to make a coworking space business more profitable, while retaining existing members and attracting new ones.

  3. HOW TO INCREASE PROFITABILITY AT YOUR COWORKING SPACE : 1. Put yourself in your members’ shoes : One of the best ways to pinpoint opportunities to boost revenue in your space is to try to see your coworking space from your members’ perspective. After all, they’re the ones — not you — who drive the revenue. For instance, ask yourself if the pricing structure is fair, given the median wages in your region. 2. Explore creative ways to staff your coworking space : Beyond covering rent for the building space and utilities such as high-speed internet, one of the bigger costs associated with managing a coworking space business can be staffing. Having someone on-site to open the doors, make the coffee, keep everything neat and tidy and check people in, can help create a warm and welcoming atmosphere in your space.

  4. 3. Prioritize customer service : Like any other business, customer service is the lifeblood of a coworking space. Truthfully, these days, many people are more comfortable with self-service than with actually talking to a human staff member. 4. Upgrade to the best technology : Technology and coworking software are foundational components of any coworking office space. While investing in a top-tier coworking management platform such as Proximity might feel like a purchase that can be delayed for when cash flow is stronger, the earlier on you can implement it, the better.

  5. 5. Host events your members care about : Planning events is a lot of work and requires a lot of time, even if only two people show up. So if you’re going to make that investment, it’s important to understand up front who you’re planning the event for. 6. Set up an ergonomically-friendly space : Ergonomics is the science of altering your workspace to maximize your comfort. Whether it’s supplying your space with chair cushions, laptop stands, ergonomic keyboards, or something else, these subtle upgrades can help your members ward off pain and other risks associated with working desk jobs.

  6. 7. Get regular feedback from your coworking space members : While it’s never a bad idea to put yourself in your members’ shoes to try to get a gauge on what needs improvement, you can also just ask them directly. Whether it’s an informal in-person conversation or a carefully crafted SurveyMonkey survey, polling your coworking space members on their unique experience is an invaluable tool for refining your revenue strategy.

  7. Thank You For your Attention Contact Us: +1 925-548-9290 https://dublintechcenter.com/ sales@dublintechcenter.com 6200 Village Parkway, Dublin, CA 94568

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