Flex That Worx

Your Costs Are Rising, Is Your Space Ready? | S2 EP21

Baseworx Season 2 Episode 21

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0:00 | 18:50

If your energy bill doubled tomorrow, would your space still make money, and would you actually know why? It is the question Graham and Anne-Marie sit with this week on Flex That Worx, with single space coworking operators front of mind, because you are the one carrying this weight, in a building full of people you know by name and that takes its own kind of strength.

This is a practical chat about putting your experience to work, getting clear on what each part of your space actually costs to run, having the kind of conversation worth having with members who have been with you a long time and looking at the revenue lines that grow alongside your daily memberships. 

There is plenty here on staying useful to your local community when things get unpredictable and on holding tightly to the warmth of your space when the natural pull is to shrink back. You have weathered cost pressure before, the instincts are still in you and this episode is here to help you trust them.

Key takeaways for coworking & flexible workspace operators:

  • Visibility on your cost base, room by room, is the foundation for every other decision you make
  • Long-standing member pricing deserves a fresh, kind conversation, because the gap between what early members pay and what it costs to host them keeps widening
  • Revenue lines like registered addresses, day passes, meeting room hires and hybrid bundles can ease the pressure without changing the feel of your space
  • Being known to your local council, chamber and business community puts your space front of mind when disruption hits
  • The warmth and welcome of your space is what members are paying for, so it deserves protecting when the pressure is on

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