All posts by Fully Promoted

One Year in a Coworking Space – How it Can Help Your Business

How coworking space can help your business

It seems that coworking spaces have made inroads into all workplace scenarios today. Initiated as a way for startups and entrepreneurs to sort out their business plans and work around other interesting, like-minded professionals, coworking spaces offer something for everyone, so it seems.  Small companies with a couple of employees can turn into a company with eighty employees, ready to make the move to open an office of their own. Instagram, Uber, and Spotify, among other mega companies, all started in coworking spaces. Other corporations are finding a niche in coworking spaces, as well. What can a coworking space do for your company in a year’s time? Plenty.

Easy to launch from a coworking space

Most companies and individuals just bringing their visions to life don’t feel the need to throw all of their efforts and a scary amount of money into sourcing an appropriate office space, building out a space and keeping up with the day-to-day of running and maintaining an independent office.

Save so much time and money getting up and running

Not only do young companies get a pass on deciding how they want to look when they grow up, but they also don’t have to worry about who will keep up with the coffee, water, and amenities they need for each day at the office. Ultimately, businesses working out of a coworking space save a ton of money, time and energy getting on their feet.

For larger established companies

Saving money on office overheads works great for new companies but coworking spaces are also popular with large companies, as they can save money not opening branch offices, as well as saving money not flying people into their corporate headquarters. Satellite offices work well in coworking spaces, where corporations can schedule a space for monthly meetings or provide a place for teams to work on a daily basis, with flexible monthly contracts.

Flexible monthly contracts let you grow at your own rate

Eliminating rigid, long-term leases can allow companies to grow organically, not restricted to fashioning their businesses around a space they may outgrow. Purchasing equipment and the most current technology, plus installing and setting up technology becomes a non-issue, saving on those giant purchases until you can actually afford them. Coworking spaces feature laser-fast Internet with all of the technology you need to run a business figured into monthly contracts.

Connecting to the community

Working at a coworking space for a year connects you not only to other business professionals in your area but the entire community as a whole. Building relationships with other coworking members can lead to new client introductions and/or potential team members for your business.

Networking

Networking events at coworking spaces go with the territory and help businesses grow, as well as providing social networking opportunities for members. Business-oriented workshops can provide insights into something you just can’t quite wrap your brain around about your business and connect you to other members who’ve been down that same road and are willing to share their experiences. Some coworking spaces offer their community areas as event spaces outside of business hours, providing an excellent venue for product launches and other promotional events for your business, with full-service kitchens for catered events.

Healthy food on the premises and catered in

A lot of coworking spaces feature their own full-service cafes and some provide catering every day or on certain days. Readily available, healthy food choices can keep teams on track when needed and can offer a way to relax and take a break from working.

Recruiting team members

Because coworking spaces offer a look into how people work, they are valuable over a year’s time in connecting you to the people you want on your team. When you already know someone’s work ethics and abilities, you can approach them for services you need and don’t want to master, such as web design, photography for your website, marketing, SEO content writing for your blog, and other various components you will find you need as your company begins to grow.

Collaboration

The motivating atmosphere in coworking spaces can get creative juices flowing and after getting to know other members, ideas for other companies may hatch into a business when members’ talents converge. Your best idea yet may come to light with the help of another member’s perspective.

Learning about your surroundings

If it’s your dream to find the perfect space for your company when you’re ready to move out on your own, you can take advantage of your coworking friends’ knowledge about good neighborhoods, buildings to avoid, nearby dining, shopping and entertainment venues and other things, such as parking availability in different areas.

Coworking going strong

Remarkably, coworking spaces grew from one space in 2005 to 14,411 spaces today, according to an allwork.space article. Once a trend bunking traditional office environments, coworking spaces have changed the way we do business. So well-received, large companies are taking advantage of the flexibility coworking spaces offer, with low overheads, well-appointed surroundings, and monthly contracts.

Join us at Venture X

Venture X makes a great starting place for your small company to get its feet wet, as you develop your company into a business that needs its own space. Spending a year or so at Venture X, you’ll be rubbing elbows with an impressive list of business owners from many industries, including tech innovators, financial planners, health and fitness publishers, independent attorneys, healthcare professionals, marketing pros, as well as freelance designers, photographers, writers and others, all working together in an atmosphere that inspires productivity and collaboration.

Come grow with us at a Venture X location near you. Contact us to request a tour!

Member Spotlight – Lindy Singer

Venture X Member Spotlight – Lindy Singer

Coworking spaces have grown tremendously in popularity in recent years and are the perfect solution for the changing needs of startups and other small businesses. Lindy Singer, a member at Venture X Richardson, TX, is Chief Marketing Officer and Chief of Staff for Modo. We spent some time getting to know Lindy and her story.

First things first, who is Modo?

Modo is a disruptive payments technology startup that “has been making waves in the payments industry since 2010,” shared Lindy. Lindy went on to explain, “We are focused on reducing friction throughout the payments industry in order to do the most good for the most people. Modo works to reduce the friction between payment connections for some of the largest players in the game including Bank of America, Merrill Lynch, Deutsche Bank, FIS, and Klarna.” There is no doubt that the way we make payments on a personal level and as entrepreneurs is changing tremendously.

Modo at Venture X Richardson, TX

Lindy shared that Modo moved into their Venture X space in Richardson in April 2018. They enjoyed customizing their space to fit their needs. Lindy said, “We have a different set up than most because there are 15 employees working out of our Venture X office. We have our own conference room and a central meeting area in a dedicated Modo office within Venture X.”

We asked Lindy some quick Q & As to get to know her and journey with Modo better. Here’s what she had to say:

  • What made you want to get involved in this line of work?

    I wasn’t looking for a job in the payments industry, but am so happy that the opportunity came my way. Fintech is buzzing because of the constant innovations we’re seeing in online and in-store checkouts and the changing ways people are sending and receiving money all around the globe. Although we are seeing tons of innovation, the legacy players such as banks and the networks still make up the backbone of the industry. Modo comes in to manage and optimize the connections necessary to bridge the gap between the old and the new.

  • What has been the most rewarding aspect of your job?

    Since Modo is still a small company with 28 employees around the globe, the work we are doing is setting the stage for the future of something greater, and we all truly believe that. That belief means that we are constantly testing our offerings and pushing the company into the next phase.

  • What’s the biggest challenge that you have faced in business and how did you overcome it?

    Modo’s technology can enable a wide variety of payments products and services, but that doesn’t mean we have the resources and bandwidth internally to pursue every project that comes our way. Knowing what challenges we should be focusing on and constantly aiming for excellence in our deliveries has given us a reputation for impressive and rapid deployments and has left us with a list of very happy clients.

  • Who or what was the greatest inspiration on your journey?

    One of our advisors is Dee Hock, CEO and Founder Emeritus of Visa. He is one of the most interesting people I have ever had the pleasure of meeting. The way he organized Visa in a ‘chaordic’ way was the inspiration behind many of Modo’s organizing principles. Modo employees (or ModoNauts as we call ourselves) are given a lot of freedom to make decisions and act on ideas.

A Personal Look at Lindy Singer

When we asked Lindy for business tips she could share, she kept it simple and yet, her message is quite profound, “People need a purpose. Is your company giving them one?” It makes you wonder when you look at your own team, what motivates these people? What drives them?

In her spare time, Lindy enjoys skiing and says she tries to get out to ski in Colorado as often as possible. She also enjoys working out, cooking semi-healthy meals, going on walks and meeting up with friends for meals. It seems to us like Lindy has found the work-life balance that many struggle to find and we hope that working at Venture X contributes positively to that sacred balance. On a lighter note, Lindy is one of 4 daughters in her family and is very proud of each of her sisters. Just ask her, she’ll tell you all about them!

If you’re looking for a great place to work where you can also network and share ideas with other people, Venture X might be just what you’ve been looking for. With new locations opening every month, our network is growing. Need to get your business or startup off the ground without the expense of renting an office space, with long lease commitments? You can’t beat working at Venture X with our easy to understand membership plans.

Contact Venture X today and schedule a tour!

Venture X® Denver Among Key Sponsors of Prestigious Holiday Gala

DMCAR and NAIOP Real Estate Membership Among Those To Attend

Venture X® Denver Among Key Sponsors of Prestigious Holiday Gala

DENVER, CO – Nov. 14, 2018 – Venture X® Denver, a premium membership-based workspace community for entrepreneurs and businesses, has announced that it will be a partner sponsor for the upcoming Denver Metropolitan Commercial Association of REALTORS® (DMCAR), NAIOP Holiday Party. The event takes place from 5 p.m. to 8 p.m. on Thursday, Nov. 29, at the Archetype Distillery, 119 S. Broadway in Denver.

“It is an honor to be included among the major sponsors of this prestigious event,” said Michael Patton, who along with Kate Patton co-owns the 13,000-square-foot coworking facility in South Denver. “We’ve made a significant investment in the upcoming holiday party, and both organizations are very pleased that we will have a presence there because of the tremendous networking possibilities.”

The Denver Metropolitan Commercial Association of REALTORS® (DMCAR) is the oldest and largest commercial real estate trade association in the United States, and represents 2,000 commercial real estate professionals throughout Colorado. NAIOP is the leading organization for developers, owners and investors of office, industrial, retail, and mixed-use real estate, and dedicated to excellence and the entrepreneurial spirit.

“This holiday gathering of professionals is an excellent opportunity for us to build upon our recent grand opening and spread the word about all that we offer the South Denver business community,” said Kate Patton. “NAIOP is an organization with unparalleled networking opportunities, educational programs, research on trends and innovations, and strong legislative representation.”

Venture X Denver, a brand of the United Franchise Group, is committed to luxury, collaboration, and creativity. Membership services include front desk greeting, a best-in-class network including: hi-speed WiFi service, event space with the latest technology, conference rooms with video conferencing capability, ultra-modern furniture, printing and scanning, concierge-style services, 24/7 keycard access, social events, a café and a lounge. Membership plans start at $40 per month, and vary based on need.

The Venture X franchisees have a combined 50 years of experience in the fast-paced technology market, and experience that uniquely qualifies them to meet needs of members. “We see tremendous growth ahead in the flexible workspace market,” said Michael Patton.  “Our members work within a community of like-minded individuals that take advantage of world-class services in a very professional working environment.”

Inc.  has recognized the Venture X  brand as one of the best co-working spaces in the United States, and additional locations will open by the end of 2018, with more to follow in 2019. Venture X has opened its first international location in Canada, and is projected to expand into Australia in the near future.

About Venture X

Venture X is s a shared workspace and community that is a blend of boutique hotel and modern office styles with a high level of design that feels professional and welcoming. We are designing beautiful spaces and developing an environment and community that people love coming to work to every day. Founded in 2012 by entrepreneurs, father and son, David and Brett Diamond, Venture X is recognized by Inc. as one of the best co-working spaces in the United States. For more information, visit Venture X.com

About United Franchise Group

Led by CEO Ray Titus, United Franchise Group is home to a variety of internationally recognized brands including Signarama, Fully Promoted, Experimac, Jon Smith Subs, Venture X, SuperGreen Solutions, Transworld Business Advisors, Accurate Franchising, and The Great Greek Mediterranean Grill. With more than three decades in the franchising industry, and 1,600 franchisees in 80 countries throughout the world, United Franchise Group offers unprecedented leadership and solid business opportunities for entrepreneurs.

7 Amazingly Successful Businesses that Started in a Coworking Space

7 Amazingly Successful Businesses that Started in a Coworking Space

Coworking spaces provide low-cost office space alternatives to startups who want to focus on growing their business instead of spending time and money setting up an office to keep up with their growing needs. Established businesses are using coworking spaces for remote teams and meeting spaces to save time and travel expenses. Coworking spaces offer opportunities to connect with a diverse community of business professionals in your area. The collaborative, electric atmosphere has proven to attract a growing list of startups that include these successful businesses:

  1. Instagram

    Who doesn’t use or at least know about the app that inspired the selfie, along with providing a visual platform for photographers, food and travel bloggers, as well as social influencers? After a number of preliminary ventures, in 2010, Kevin Systrom and Mike Krieger launched the wildly popular photo-sharing app. Working in a San-Francisco coworking space, the team spent eight weeks developing the app that first launched on Apple’s iOS® operating system and was sold one and a half years later to Facebook for a cool $1 billion in cash and stocks.

  2. Uber

    A year earlier, also starting out in a San Francisco coworking space, co-founders Travis Kalanick and Garrett Camp hatched an idea that would help with the horrendous taxicab problem in the San Francisco area. Their little idea, Uber, put the brakes on traditional taxicab services, opening up a convenient, affordable way to get around San Francisco.

    Operating in 633 cities worldwide, according to Market Realist.com, Uber is funded by big names, such as Google Ventures and Fidelity Ventures. Uber has also teamed up with Amazon Flex to deliver packages and now offers a service called UberEats to deliver food to hungry consumers.

  3. Spotify

    After launching in Sweden in 2006, Spotify finally launched from San Francisco’s RocketSpace in the US in 2011 after long and arduous negotiations with US record labels. The popular music streaming service has a long-term goal “to get everyone in the world to use Spotify,” Daniel Ek, Spotify’s chief executive, told the Financial Times. Spotify is now worth about $8 billion, with over 180 million active monthly users, in more than 61 countries, including 71 million who subscribe to Spotify Premium.

  4. Timehop

    Originally called 4SquareAnd7YearsAgo, Timehop was created at Foursquare’s Hackathon in February 2011. A nostalgia app for the digital age, Timehop allows Facebook users to share any previous posts and pics they’ve ever shared on Facebook. Users find Timehop a fun way to share memories and reconnect with others in their photos and posts.

    Jonathan Wegener says that the coworking space “gave him a real platform to launch from” and sees coworking spaces as technology hubs of the future. “Having an awesome home for independent workers and entrepreneurs is crucial to New York City’s goal to become a major technology hub,” Wegener said.

  5. Wanderfly

    In 2011, Christy Liu, along with three other co-founders and a small staff working at Soho’s Prospective Space in lower Manhattan, set out to create a platform she described as, “a travel inspiration site that helps people discover new experiences based on their budgets and interests.”

    Liu believed that something needed to be done about the restrictive search parameters available to travelers planning trips. She thought by working with a close-knit team and other creative types, in a shared space, her team could find a way to broaden search parameters and results in order to inspire travelers planning trips. In the space of a year after Wanderfly launched, TripAdvisor purchased the travel app for an undisclosed sum.

  6. Indiegogo

    Launched as a way to fund independent film projects at 2008’s Sundance Film Festival. Co-founder Danae Ringelmann, a Wall Street analyst, along with co-founders Eric Schell and Slava Rubin, wanted to find a way to democratize fundraising. Now, Indiegogo has raised over $800 million for 600,000 projects in some 223 countries. One of the biggest crowdfunding portals to date and a go-to portal for startups and entrepreneurs, Indiegogo supports a broad range of startups, in all phases of development, from the idea process to the marketplace.

  7. Charity: Water

    Not all coworking space members are involved in business ventures. Scott Harrison’s non-profit brainchild of an idea to supply clean water to developing countries launched in 2006 in a New York coworking hub. Since then, Charity: Water has funded over 27,000 projects, providing clean water to 84 million people around the globe. Harrison was recognized by Fortune Magazine’s 40 under 40 list, in addition to Forbes Magazines Impact 30 list. Currently a World Economic Forum Young Global Leader, you can pre-order Harrison’s new book, Thirst to support this cause.

Venture X Naples offers the space you need to bring your entrepreneurial dreams to life.  Upscale, yet affordable, Venture X Naples connects you with the resources to grow your business in a well-appointed contemporary shared office environment. Working around other like-minded professionals, you can connect and collaborate in a welcoming community with flexible monthly contracts. If motivation and productivity that leads to success is your jam, come visit Venture X Naples to schedule a tour of your new workplace. Located in the Mercato neighborhood near outstanding shopping, dining, and entertainment venues, you can also stand on Naples’ white, sandy beaches, only a matter of minutes and a short bike ride from our location. Truly motivating.

Help Your Business Grow with Coworking Spaces

How Coworking Spaces Help You Grow Your Business

In the US alone, coworking spaces jumped from a grand total of one in 2005 to 781 in 2017, with no signs of slowing down, according to Inc.com. Originally geared towards startups and entrepreneurs as a solution to working from home or brainstorming at a coffee shop, coworking spaces are now changing the face of the traditional office. Even corporations are getting in the game, using coworking spaces as convenient, cost-effective satellite offices. Besides the built-in social networking, community spirit, and collaborative nature coworking spaces offer, the new normal in office environments can actually help you grow your business.

Coworking vibe motivates like-minded professionals

While you might think the energy level, the social element and just working around a lot of other people may be distracting for individuals, as well as businesses using coworking spaces as branch offices, the truth is, studies have shown that the open coworking space vibe increases members’ productivity and success.

A February 2017 Business.com article reported that research by DeskMag and Deskwanted revealed that:

  • 74% of coworkers are more productive
  • 86% have a larger business network
  • 93% have a bigger social network
  • Over two-thirds feel more creative and collaborate more on projects
  • A third reported an increase in income

Also, a Harvard Business Review study showed that people who were members of coworking spaces reported levels of thriving that approach an average of 6 on a 7-point scale. That’s at least one point above folks working in traditional spaces. “Unheard of,” said Harvard Business Review, as they double-checked their data just to be sure. Along with working in motivating, inspirational spaces, businesses, and individuals like the idea of saving money and avoiding the pitfalls of setting up and maintaining an office space.

Getting right down to business without overhead expenses

When you’re just starting to grow into your success, fledgling businesses often take a hit to their productivity and overheads by setting up an office. Skipping the stress that goes along with long-term leases, outfitting a space and setting up technology keeps your business on track. Coworking space members enjoy all of the appointments of an upscale office space, with laser fast Wi-Fi, plus all of the services and amenities you need to keep on, keeping on, towards more success at a fraction of what it costs to maintain a traditional office space. According to a MakeOffice.com article, “coworking spaces have been proven to reduce expenditures of small companies by as much as 75 percent.”

Coworking spaces equal flexibility

Another coworking space perk that helps companies grow revolves around the fact that whatever space needs your company encounters during different growth phases, coworking spaces deliver. You might need to rent a large space to brainstorm ideas with remote team members once a month, or you may want a private office for yourself and semi-private spaces for other team members.  Short term rentals are available whether you need to rent a conference room for a product launch or for training sessions on a new system. Coworking spaces redefine flexibility.

Most coworking spaces feature boutique hotel lobby-like community areas, with sofas and chairs that make an ideal place to meet with new clients or just to take a break from it all. Flexibility means that you aren’t stuck in a space that doesn’t fit the needs of your company as it grows. Speaking of stuck, the intrinsic, collaborative spirit of coworking spaces can help you hurdle business obstacles, as well.

Consulting, conversing and collaboration

The diverse community of coworking spaces lends itself to helping other members out. You may find answers to your specific hurdle by consulting with a business owner who’s been down the same road already. When creative ideas start bouncing around from one coworking member to another, the synergy can create new ideas, new business relationships, and new businesses. Not a bad perk.

Also, a number of freelancers working at coworking spaces can provide the support your business needs in the way of websites, marketing, photography, and other components of your business that may not be your specialty. Saving time choosing a web designer or an IT guy to set up your e-commerce site saves money and allows you to do what you do best, keep growing your business . . . even when you’re not feeling so productive.

Coworking energy is contagious

Working from home can present a plethora of distractions that can easily take a big chunk out of your work schedule and result in frustration with further distractions and down the rabbit hole your day goes. Coworkers often surprise themselves when they show up for work, not really feeling it that day and can’t help but get into their business goals because others around them are so jazzed about what they’re doing that it just rubs off on them. Then, maybe there’s a community event that day that addresses something you’re trying to figure out and . . . there it is, problem solved. Or maybe you attend a community event that day where you meet someone with an idea that grows into a new business opportunity. You gotta be in it, to win it.

Hone your skill sets

Because coworking lets you network at the business level in a professional environment, you are ideally positioned to learn how to expand your business skills and learn new skills you may not have deemed necessary before. Your whole day could turn into a series of learning opportunities that inspire you to break through the barriers that affect your progress moving forward.

Venture X Naples offers everything you need to save money while growing your business in today’s marketplace. Affordable, upscale digs with flexible monthly contracts, an open, welcoming community of like-minded professionals that motivates you and promotes productivity, with the same goal of continuing success. Visit Venture X Naples to schedule a tour of your new office space. Located in the heart of Naples, the Mercato neighborhood features top of the line shopping, dining, and entertainment venues. Take a client to lunch or take a walk on the beach in the morning – a mere five-minute bike ride away from our location. Just another perk.