Introducing
The Everything Coworking
(LIVE) Pro Forma Workshop
THURSDAY, APRIL 30TH 12 PM PST / 3 PM EST
Approximately 2 hours
Get the financial confirmation you need to confidently move forward with designing your successful coworking business.
Over the past two years, I have helped dozens of coworking space owners launch their dream coworking businesses. Generally, one of the biggest barriers to progress is feeling confident that you can create a pro forma that represents a realistic coworking business and is customized to fit your specific location. I'm here to help.
I've owned and operated coworking spaces for eight years. In my past life, I earned an MBA from the best business school in the country. I have some spreadsheet super powers that I like to use to help people like you move forward and pursue your dreams.
The Everything Coworking Pro Forma Live Workshop (via Zoom) will:
1. Give you a coworking pro forma template that you can use to confidently build out your own pro forma.
2. Give you the comfort level that you need with your financials to have productive conversations with potential lenders and investors.
3. Demystify the process of making product mix and start-up cost assumptions so that you can draft your pro forma and then update it as your inputs change.
4. Walk you through examples of how lease term, product mix and size of space impact your pro forma.
5. Help you feel prepared to move forward with your coworking space project!
So if you’re ready to get some clarity on the coworking business financials without spending hours researching facebook groups and wondering if you're on the right track, this is for you.
Here's how we'll help you get here:
Module 1
Conquer the 10 Year Pro Forma
You've likely drafted your own pro forma already. In this module, let's make sure that yours includes all of the line items required for a coworking space and that your assumptions are aligned with industry averages.
Module Highlights:
This will be short and sweet but will lay the foundation to ensure that you can build in your own assumptions and look like the coworking expert that you're about to become.
- Review detailed revenue line items
- Review detailed expense line items
- Discuss the core drivers to achieving your target margin
Module 2
Test and Update Your Assumptions Like a Boss
You'll meet with investors, lenders, architects, or general contractors that will give you numbers that factor into your startup costs and your revenue potential. Throughout this process, you want to be able to update your pro forma to test any new input and respond quickly to an investor request for scenario-planning.
Module Highlights:
We'll walk through how to load your product mix assumptions as well as your start-up cost assumptions into a tab that will use the data to populate your pro forma.
- We'll cover how to get your product mix (revenue generating seats, event income, meeting room income, etc.) assumptions.
- We'll learn how to estimate typical start-up costs and how to update those numbers as you refine your inputs from general contractors, furniture plans, etc.
- We'll review how these inputs feed into your first year and full ten-year pro forma.
Module 3
Make Decisions and Take the Actions that Lead to the Outcome you Want
It's important to test your financial model and understand how factors such as size of space, product mix and lease term can impact your business.
Module Highlights:
By deeply understanding how to interact with your pro forma, you can experiment with how different decisions lead to financial outputs.
- For example, what is the impact of a 5-year lease vs. a 10-year lease?
- What is the impact of 60% offices vs. 60% open space?
- What is the impact of a 10,000 square foot space vs. a 4,000 square foot space?
Here’s what you’re getting when you enroll today:
The Everything Coworking (LIVE via Zoom) Pro Forma Workshop - $699 Value
- Follow-up 60 minute Pro Forma Q&A session (via Zoom) - $297 Value
- Recording of the workshop - $97
- How to choose your Product Mix Guide - $97 value
Total Value: $1,190
When you add it all up, that’s a value of $1,190.
But when you enroll today, you’ll get access to everything for just:
Early Bird Workshop Price
$97
Frequently Asked Questions
What people asked before signing up for the Everything Coworking Pro Forma Workshop?
Industry optimists like myself think this might be the best time in history to open a coworking space. Many expect great real estate deals to start emerging as well as unprecedented demand for flexible office space over the next year. Carpe Diem!
Yes, we talk a lot about pro formas in the Coworking Startup School, but I find that many of you want a higher level of comfort with your pro forma before enrolling. So if you take the workshop and sign up for the course, I will credit your workshop enrollment fee to the course price.
The workshop will run about 2 hours including time for Q&A.
This workshop is designed for those that are pre-launch. However, If you feel like you really want a formal training on the pro forma and are thinking about expanding and want to make sure you have the tools you need to secure funding, you're welcome to join us.
Here’s what you’re getting when you enroll today:
The Everything Coworking (LIVE via Zoom) Pro Forma Workshop - $699 Value
- Follow-up 60 minute Pro Forma Q&A session (via Zoom) - $297 Value
- Recording of the workshop - $97
- How to Choose your Product Mix Guide - $97 value
Total Value: $1,190
When you add it all up, that’s a value of $1,190.
