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	<title>The Small BizNest &#187; Coworking</title>
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	<description>Hatching the Future of Your Business</description>
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		<title>Can Coworking Be a Profitable Business?</title>
		<link>http://www.thesmallbiznest.com/coworking/can-coworking-be-a-profitable-business/</link>
		<comments>http://www.thesmallbiznest.com/coworking/can-coworking-be-a-profitable-business/#comments</comments>
		<pubDate>Thu, 16 Apr 2009 00:13:12 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Coworking]]></category>
		<category><![CDATA[business owner]]></category>
		<category><![CDATA[co-working]]></category>
		<category><![CDATA[free agent]]></category>
		<category><![CDATA[shared workspace]]></category>
		<category><![CDATA[Small Business]]></category>
		<category><![CDATA[temporary workspace]]></category>

		<guid isPermaLink="false">http://thesmallbiznest.wordpress.com/?p=63</guid>
		<description><![CDATA[Almost every article I read seems to convey that coworking, as a business, is a break even endeavor at best.  I would like to have a coworking resource near me, out here in the burbs, but all of the &#8220;local&#8221; coworking facilities are in larger cities.  Maybe that&#8217;s the problem.  They all seem to be [...]]]></description>
			<content:encoded><![CDATA[<p>Almost every article I read seems to convey that coworking, as a business, is a break even endeavor at best.  I would like to have a coworking resource near me, out here in the burbs, but all of the &#8220;local&#8221; coworking facilities are in larger cities.  Maybe that&#8217;s the problem.  They all seem to be located in prime real estate with expensive furnishings and equipment.  That just doesn&#8217;t seem like the right way to model a new business in this economy.</p>
<p>Then there&#8217;s the for profit versus not for profit debate.  If you&#8217;re in business to turn a profit and you&#8217;re only able to break even, wouldn&#8217;t it make more sense to be a &#8220;non profit&#8221; since you would then have access to federal grants?</p>
<div id="attachment_79" class="wp-caption alignright" style="width: 250px"><img class="size-medium wp-image-79" style="margin:5px;" title="coworking2" src="http://thesmallbiznest.files.wordpress.com/2009/04/coworking2.jpg?w=300" alt="Collaborating and Networking with Like-Minded Business Owners" width="240" height="180" /><p class="wp-caption-text">Collaborating and Networking with Like-Minded Business Owners</p></div>
<p>I think sponsorships could be a creative way of subsidizing the operating costs associated with running a collaborative working facility.  I&#8217;m farily confident a local bank or business supply vendor would be interested in the naming rights of this new &#8220;business center&#8221;.</p>
<p>I&#8217;m testing the waters locally since there&#8217;s a substantial &#8220;free agent&#8221; population in my suburban community and I know I&#8217;m not the only one that would like to socialize and collaborate with like-minded people.  Once my preliminary research is done, I&#8217;m going to pick the brain of Alex Hillman who started www.indyhall.org down in Philly and is one of the few experts on the subject.</p>
<p>I&#8217;ll post updates as my efforts  progress and I welcome any feedback or suggestions you might have.</p>
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