Inform Yourself. The Latest News in the Coworking World.

Coworking as the alternative to the old way of doing business is here to stay. Keep up to date with coworking trends in Austin and around the world.

 

Interested? Find out more.

 

member success stories

full member list

  • Give Realty

    Where heart and sold do community good. A different type of real estate company making a difference in the community.

  • Pink Kisses

    Forget your ex and find your inner bombshell! If you are going through a breakup, Pink Kisses can help!

  • CB Research Services

    Offering a full-range of customized marketing research solutions to uncover insightful, actionable results.

  • ReconMR

    Get a new point of view in 2012. ReconMR helps the leading businesses of Texas with custom marketing research solutions.

Coworking News @ Link and Beyond

They're low-cost, and provide the typical office amenities--conference rooms, photocopiers, etc. But there are other less tangible benefits for entrepreneurs.


Gangplank co-working space in Chandler, Arizona.
 

Garages and bedrooms may be the archetypal home of scrappy new ventures, but these days entrepreneurs have another option when it comes deciding where to locate a fledgling business: coworking spaces. These communal offices draw independent workers and start-ups to a shared office environment, usually at relatively low-cost, providing conference rooms and photocopiers as well as other less tangible benefits for entrepreneurs.

What are these? CNBC recently rounded up a few ways co-working spaces help new businesses succeed, including low overhead and networking, but to get a fuller picture of the advantages these spaces offer entrepreneurs we went straight to the horse's mouth, emailing a handful of space owners and start-up founders who built their businesses at coworking spaces for their perspective on the coworking experience for entrepreneurs.

Liz Elam, founder of Link Coworking in Austin and an organizer of the upcoming Global Coworking Uncoference Conference, who also wrote the CNBC piece, expanded on the networking benefits of spaces like hers when we got in touch, noting that interactions with fellow coworking members often go beyond what we traditionally think of as networking to encompass emotional 'support.' This reflects the community focus of many involved in coworking. She writes:

The number one reason that a new business should join a coworking space is for the community support. Opening your own business is scary. It’s a huge risk personally and professionally. Coworking members will support you. They will let you bounce your ideas, give you honest feedback, and cheer you on when you have a success. It’s a ready-made, diverse support mechanism just waiting for you to walk in and join. We have named numerous businesses, changed website flow and even tasted products at Link.

Casey Bernard, who started her business CheckInsights out of Link, backs up Elam's assertion that coworking is a valuable source of support for entrepreneurs, both for the touchy feely emotional benefits and nuts and bolts exchange of skill. "I was working at home alone after moving to Austin from Dallas," Bernard explains. "I felt so isolated and wasn't meeting people in meaningful ways through the typical networking events and by working at coffee shops." So she joined Link and saw benefits:

One day someone was in for a tour and Liz found out he is an IP attorney. She introduced us and we chatted about my concept and he helped me file a provisional patent. Since then, just being around other entrepreneurs who share ideas and provide support has helped. Before I did my first demo of my product with a potential client, I grabbed a conference room with another marketing research professional who gave me feedback and support.

Craig Baute, owner of Creative Density in Denver, agrees that freely flowing feedback is a key benefit for entrepreneurs. "In a coworking space lunch time or anytime can become brainstorming sessions with some pretty smart people. The startup doesn't have to wait for a pitch night to get feedback," he says.

Another way to look at the community benefits of a coworking space is as a way to encourage serendipity. "You are able to quickly build out a diverse social network, which can potentially leads to new clients, new investors or resources to help you get the work done. This is what some in the coworking movement refer to as 'accelerated serendipity,'" says Don Ball, co-founder of CoCo in Minneapolis and St. Paul.

"In our space we have seen networking and relationships happen faster than in other environments," says Noelle Stary, co-founder of Launchpad Creatives in New Jersey, echoing Ball's sentiment.

But space owners aren't only interested in selling the intangible benefits of coworking. Like the CNBC piece they also point out that working in one can save cold hard cash for strapped entrepreneurs. "The best part of starting a business in a coworking space is the ability to be flexible and quick," writes Baute. "If you need a task done outside the partners' skill set then there is likely someone in the community that could help you out for a few hours. If you were working on your own, the startup would have to create a job posting or search Elance or oDesk and hire someone. This takes valuable time and hires someone with questionable skills." 

Have you considered housing your business at a coworking space?

---

Jessica Stillman is a freelance writer based in London with interests in unconventional career paths, generational differences, and the future of work. She has blogged for CBS MoneyWatch, GigaOM, and Brazen Careerist.

By Liz Elam, founder/curator of Link Coworking

I don’t have anything bad to say about my time in Corporate America. I will tell you that I now enter my work day excited to go greet my members and provide a place for them to get their work done, whatever it maybe.

I like to call myself a Curator and I’ll tell you why – it’s because I’m a keeper of a collection.
 

Design your space for people not numbers.

I have meticulously designed a space that not distracting and yet beautiful in its simplicity. I took all the meeting rooms and pushed them up against the wall and left the windows open for viewing the beautiful courtyard. I arrange the work areas so that most all seats can take advantage of the view and don’t get glare on their screen. I put plugs all over the place so that no one would ever have to look for them. Whenever possible I bring the plug up so that no one needs to crawl around the floor. I bought chairs that were designed for an office environment so that people would feel comfortable all day. I probably have more density than a typical office building but people don’t feel stacked on top of each other.

I have lots of choices for people you can work at a desk or you can work in a lounge chair, it’s up to you. I also change the configuration of the furniture on a regular weekly basis. It keeps the space fresh and keeps people from getting in a rut. I also sprinkle the space with whimsical items to make people laugh, pause or smile.

Foster collaboration.

As the Curator, I take the time to introduce members to each other and assist them in finding common ground. People are actually looking for a reason to connect and will delight in finding that connection. We provide an internal email system for them to post, connect and collaborate. You’ll find everything from very technical questions to cars for sale.

We also hold events that help people to learn about each other. We recently introduced the 2N2 – members get up at a happy hour and they have 2 minutes and 2 slides to tell the community who they are. Once members feel comfortable around each other the magic starts to happen. People hire each other. People advise each other. People encourage each other. People recommend things to each other. Stop sending your people to their homes, the place that should be their personal haven – give them an alternative workplace where they can soar.

Nothing, absolutely nothing can replace face to face.

I’ve heard Andrea Bocelli on a CD but 2 nights ago I paid to see him live and it was worth every penny. I’ve seen pictures of Michelangelo’s David but I remember distinctly, like it was yesterday, when I stood in awe and took his beauty in with a gasp. Phone calls and videos are not the same as being with a person. You miss key visual cues and narcissist like me are continually distracted by our own image on the screen.

People need to meet and meeting in the home is creepy. Meeting in the coffee shop is loud and lacks any privacy. Make is easy for your people to meet not only with clients but with one another. As we bring out more and more ways to connect digitally the real value will become more and more in the places where people can connect physically (get your mind out of the gutter).

So, I Curate my space. I invite people to a beautiful place to connect, collaborate and get done whatever it is they need to get done – you should too.

---

Liz Elam is the founder/curator of Link Coworking, which has been featured in the New York Times and listed among Inc. Magazine’s “16 Cool Coworking Spaces.” She’s also a primary curator of the Global Coworking “Unconference” Conference taking place March 8, 2012, just prior to South by Southwest in Austin, Texas.

 

 

Seeking a break from both the roar of crowded coffeehouses and the maddening silence of working from home, freelancers, entrepreneurs and other professional one-man (and -woman) shows have begun embracing a new concept: co-working.

The idea is simple enough: A curator provides a professional workspace — usually an open floor plan with separate spaces for private meetings — and handles all the details of maintaining the space while charging a nominal fee for members from all professional walks of life to use the space as much or as little as they’d like.

These spaces have been especially valuable to entrepreneurs, who have learned how to use the concept of co-working to help their small businesses grow. Here are five reasons small business owners should explore co-working opportunities.

Networking

A co-working space is far better than any happy hour or three-day conference for good, old-fashioned networking. Leads are everything when it comes to growing a start-up. And in a co-working space, members get to know one another in a zero-pressure environment. Once rapport begins to build, members naturally become each other’s brand ambassadors, spreading the word about one another’s businesses to new audiences. In a short amount of time, members begin to instinctively take care of their own, and if it takes a village to keep a small business running, a co-working space is a phenomenal place for one to take root.

Perspective

There’s a fascinating sameness disguised in the diversity of the people who choose to work in co-working spaces. Link Coworking in Austin, Texas, for example, has entrepreneurs, writers, attorneys, marketing consultants and more; someone gearing up to launch a start-up can simply stroll into the kitchen on any given morning and ask a veteran for advice on anything under the sun.

A second opinion can be priceless when a tough decision is on the table. If a quick replacement is needed for an assistant, there may not be any need to formally advertise the position; several people in the same room may have strong candidates in their back pockets. Surrounded by such a deep well of human resources, big problems seem to shrink over time and become far more manageable than they ever were before.

Work/life balance

The consistency of casual daily or weekly interaction with fellow professionals helps to defray burnout. When a small business owner is able to separate the boundaries between work and home life, a better balance can be achieved. Eventually, even the most dedicated small business owner begins to realize the value of an occasional night off with friends and family — never a bad thing for sanity and happiness; along with a foundation for endurance and, ultimately, success.

Efficiency

Small business owners wear an infinite number of hats, and rarely is there enough time to get everything done. At a co-working space, most essential needs are met without having to lift a finger. In addition to the basics — utilities, facilities, hot coffee and strong wi-fi — most co-working spaces offer printing and mailing services, interns, healthy snacks and other perks. Co-working curators generally act as cruise directors, taking care of little details that could otherwise eat up a business owner’s morning. There’s no need to spend half a day dealing with an IT nightmare or fixing the office fridge; it’s already taken care of, leaving entrepreneurs to focus on more important things, like living out their wildest dreams and achieving world domination.

Money

Overhead gets expensive quickly, and rent isn’t cheap. For a fraction of the cost of traditional office space, small business owners and staff can enjoy a clean, safe, professional environment when they report to a co-working space. Laptops won’t be stolen like they might be in a coffee shop; parking, wi-fi and other services are generally included at no extra cost; there’s no pressure to buy food every day in exchange for taking up space; and there’s always an electrical outlet available within arm’s reach.

Running a small business is rarely a picnic. Given the stress relief that comes with positive social interaction, reduced monthly bills, and an overall feeling of community and support, the savings some co-working members experience on therapy bills is nothing to sneeze at, either.

Liz Elam is the founder/curator of Link Coworking, which was listed among Inc. Magazine’s “16 Cool Coworking Spaces.” She’s also a primary curator of the Global Coworking “Unconference” Conference on March 8 in Austin, Texas.

Photo credit: Getty Images

When it came time for Warecorp to finally have a physical headquarters, CEO Chris Dykstra decided against the traditional office space route. Instead, the software and web services company bought a group membership at a downtown Minneapolis coworking space for its 10 U.S. employees to use when they aren’t visiting clients.

"I just thought, you know, there's really no reason why you couldn't just embed all of your infrastructure in existing coworking spaces," says Dykstra, whose office is now a “campsite,” a hexagon-shaped pod partitioned from others like it with semi-transparent screens.

Coworking spaces were initially conceived to give independent workers an alternative to the coffee shop, providing reliable Internet connections, printers, meeting space and other office amenities. Today, there's growing interest in coworking spaces from larger companies as an alternative to the cube farm, as a way to lower real estate overhead, boost sustainability and stimulate workers who thrive on the spaces’ entrepreneurial energy.

Dykstra's workspace sits inside a three-story-high, gymnasium-sized room shared with dozens of freelancers and entrepreneurs, giving the space a pulse that would be hard to replicate in a standalone office for ten people. It was once the trading floor of the Minneapolis Grain Exchange; today, people call it the "brain exchange." Officially, it's the CoCo Coworking and Collaborative Space, which has fast become a social and networking hub for Twin Cities entrepreneurs and freelancers (including this writer).

Last week CoCo and five other U.S. coworking spaces announced they've formed the League of Extraordinary Coworking Spaces (LEXC), which means they will honor each other's memberships and let users reserve spaces online. The move is aimed in part at making it easier and more appealing for larger companies to get into the game.

The concept has existed informally in coworking culture from the beginning. If you're traveling and drop by another city's coworking hub, they're likely to welcome you for the day. LEXC is an attempt to make that process more simple and transparent, while also adding a layer of formality expected by many larger companies.

Kyle Coolbroth, one of CoCo's co-founders, says they've been approached locally by most of the Twin Cities' Fortune 500 companies, including US Bank, which has purchased memberships and rented meeting space at CoCo, a short walk from the bank's headquarters. "They understand that there is a fundamental shift of culture, and they understand they need to create and provide a collaborative environment for their work teams," says Coolbroth. "The problem with coworking, prior to LEXC, was that it lacked a central organization for corporations to engage in."

That culture shift is the growing expectation among employees that they be able to work when and where they want to. More than four out of five companies on Fortune's "Best Places to Work" list offer some type of alternative workplace program. For some workers, this means telecommuting on days when it is more convenient. Others simply feel happier (and more productive) working outside the traditional cube-farm.

Nine percent of regular users at U.S. coworking spaces already work for companies with more than 100 employees, according to Emergent Research. But there are more than a billion mobile workers worldwide, and one study by Telework Research Network estimates that 45 percent of U.S. jobs could be done with at least part-time telework.

As the economy improves, some of the independent workers who have populated coworking spaces are likely to be snapped up as larger companies begin to hire again. Co-working organizers are looking to corporate customers to provide a longer-term revenue stream.

"I think the potential there is extraordinarily large," says Mark Gilbreath, founder and CEO of LiquidSpace, whose technology serves as the online reservation platform for LEXC. "There's a seismic shift underway in large companies with respect to how they are envisioning their own internal real estate. That shift is toward mobility."

That new thinking is being driven by everything from real estate uncertainty to sustainability goals—shared workspaces often mean smaller environmental footprints. But above all it's being viewed as a recruiting and retention strategy.

"It's easier to recruit top talent, because they're already there," says Dykstra, referring to the freelance developers, engineers and other skilled entrepreneurs working in these spaces. Warecorp's coworking experiment in the Twin Cities was so successful that Dykstra decided to convert the company's 60-employee office in Minsk, Belarus, into a coworking space, too.

LEXC's founding members include NextSpace in Los Angeles and the San Francisco Bay Area; BLANKSPACES in Los Angeles; Link Coworking in Austin; WorkBar in Boston; CoCo in Minneapolis and St. Paul; and 654 Croswell in Grand Rapids, Mich. The league is looking to expand and is already recruiting and vetting new members in the top 25 metro areas in North America.

Coworking is a "radically fast growing" niche, but so is telework, says Gilbreath. A the mobile workforce outgrows home offices, coffee shops and airport lounges, LEXC and LiquidSpace hope to be part of the new infrastructure that will support our desire for the necessary parts of an office—without, you know, the office itself.


Coworking Space: Link Coworking
Location: Austin
Cost: Monthly memberships start at $200, plus a one-time $200 membership fee.

Considering that Austin averages 300 sunny days a year, it makes sense that this coworking spot gives people who work there free run of its outdoor space—“rogue squirrels and birds that are fun to watch” are complimentary, says owner Liz Elam, who also rents it out for events. Inc. heard from several Link users who raved about coworking there, including event planner Claire Rodriguez who particularly likes the quirky additions Elam often makes to the décor just to keep things interesting. Oh, and the red step-in phone booth comes complete with a Superman cape.

Spurring the coworking phenomenon are: an army of young entrepreneurs creating their own jobs, workers tired of home offices, and the plethora of empty commercial and retail space leasing at cut rates.

WeWork co-founder and CEO Adam Neumann, 32, says he started taking over empty buildings in 2009, a year after he sold another coworking startup, Green Desk in Brooklyn, to the building's owner.

He and partner Miguel McKelvey started with a six-floor building in Manhattan's Soho. Their last project opened in the trendy meatpacking district.

Empty space at an Austin, Texas, shopping center suited Link Coworking, open a year Friday. The club aims to provide a place to interact. Nick...

Empty space at an Austin, Texas, shopping center suited Link Coworking, open a year Friday. The club aims to provide a place to interact. Nick... View Enlarged Image

Like Neumann, most operators are startups themselves, taking advantage of market conditions to lock in long-term leases at low rates.

Last year Liz Elam, a former account manager at Dell, started Link Coworking in empty ground-floor retail space at the Village Shopping Center in Austin.

"I worked out of my home all alone and I wanted a place like Link Coworking but it didn't exist. So I built one," she said.

Today, 34 "members," including a pastor, attorney and employees of a small company, pay Elam $200 to $475 a month for open desk space. They also get access to meeting rooms and an intern to help them on projects, plus coffee and snacks.

In Miami, former hotel consultant Michael Feinstein, 36, took a long-term lease on two floors of a new mixed-use building in the up-and-coming Midtown area to start Buro. Open less than a year, the fully leased space features communal desk stations and private glass office pods designed by Herman Miller.

Buro was the first commercial tenant in the building, which was developed by New York-based Midtown Equities.

"We involved top architects and designers to create a cutting-edge, modern workspace that would appeal to a creative, entrepreneurial demographic," Feinstein said. "There was not a lot of office space in Miami that would appeal to this demographic."

Coworking spaces are popping up so quickly that it's hard to keep track. Elam and others who keep tabs estimate 1,200 to 1,400 are open worldwide, with about half in the U.S.

"There are 12 right now in Austin and just today another coworking space was announced," Elam said.

Service is a key selling point. Feinstein says his hotel background helps.

"You can earn higher rates per square foot than a typical office lease would yield but it's an operation," he said. "You have to understand service. You have to have staff. We have people making coffee all day, fixing equipment, setting up video conferencing. This isn't for all types of landlords."

Coworking Scales Up

As operators expand, coworking brands are starting to emerge, says Julie Clark, founder of Seattle-based SharedBusinessSpace.com. They include NextSpace and Sandbox Suites in Northern California, Blankspaces in Los Angeles and Green Desk in Brooklyn.

Green Desk is about to open its fourth location in Brooklyn and WeWork will soon branch out of Manhattan to open its fourth location in San Francisco.

"The future is community," said WeWork's Neumann. "The past 10 years was the decade of 'I.' This decade is the decade of 'we.'"