4 Questions You Might Have About the Franchise Process

If you’re looking to open a remote office franchise, Venture X is the franchisor for you. Our company has the flexible workspace agreements to help establish remote office locations, give freelancers a place to work at their leisure, and everything in between. Here’s a quick look at some frequently asked questions regarding opening one of our locations.

#1. How Much Should I Expect to Invest?

The estimated initial investment in a new Venture X location is between $600,000-$800,000. As a turnkey franchise, we anticipate this investment will cover nearly everything you’ll need to get your business up and running: from a lease agreement, to infrastructure, to equipment, and more.

remote office venture x

#2. What Kind of Experience Do I Need?

Running a Venture X remote office locations doesn’t require a specific background. Having experience in the hospitality industry, customer service, and real estate may be beneficial to our franchisees, but these skillsets are by no means required. One of the best parts of becoming a Venture X franchisee is the comprehensive training program we’ve designed to get you up to speed on exactly what it means to run a co-working space.

#3. What Support Can I Expect?

Opening a new business can be stressful, and requires time and effort to accomplish everything from finding the perfect location to marketing. When you franchise with Venture X, you can expect to receive startup support (finding a new location, comprehensive training, and so forth) as well as ongoing support (marketing assistance, regional meetings, and more). If you’re thinking of opening a remote office franchise, partnering with Venture X is a great way to break into the industry as efficiently as possible.

#4. Who Will My Clients Be?

The co-working industry is getting more popular, and professionals in a range of sectors are potential Venture X clients. Whether it’s a large corporation looking for a great place to set up a remote office, entrepreneurs looking for a great workspace to meet with clients, or a freelancer looking to pay for only as much workspace as they need, our flexible options have just these workers are looking for. Our clients love our beautiful and collaborative co-working spaces that are designed to foster inspiration and fun throughout their work day.

Venture X is a great franchisor for anyone looking to break into the remote office industry as well as the co-working industry. Contact us today to learn more about what it takes to become a franchisee!

 

4 Things to Look for in a Good Location for Your Franchise

Are you thinking of opening a co-working franchise with Venture X? If so, choosing a great location is key. Fortunately, part of the start-up support you’ll receive when you become a Venture X franchisee is site selection. Still, as you’re considering this exciting business opportunity, keep these criteria in mind while you’re considering a Venture X co-working franchise in your community.

#1. Centrally Located

A good Venture X co-working franchise should be centrally-located, and easily accessible to those who take public transit or drive to work. Along these lines, having a parking lot nearby is also important. Since Venture X caters to all types of freelancers and entrepreneurs, it’s important that the location be central for their convenience. Urban and suburban hubs are great options due to their prime locations adjacent to other businesses.

co-working franchise Venture X

#2. Large Enough to Suit Your Clients’ Needs

A key feature of Venture X co-working spaces is that we offer a range of workspaces to our clients. Whether it’s a shared desk in a common area or a dedicated office, our clients all have different needs when it comes to their jobs. It’s important that the location you choose be well-suited to a variety of different workspaces, allowing you plenty of space to build up different work areas. Furthermore, Venture X is well-known because of our amenities such as cafes and areas to relax. Be sure your building is spacious enough to account for all of these features.

#3. Room for High Design

Another feature Venture X is famous for is the inspired design we utilize in all of our co-working spaces. Unlike the boring white offices of the past, Venture X strives to create an environment were creativity and collaboration are fostered. Modern art, comfortable lighting, and innovative interior design are just a few ways we work towards creating spaces that make work fun. When you choose a location, see if you can envision the Venture X style at work in the space. Don’t worry, our interior design experts will help you to make your vision a reality.

#4. A Clean, Safe Neighborhood

Choose a neighborhood that your clients will be comfortable going to work in, day or night. Take into consideration the other businesses around and the clientele they attract. Consider how well a co-working space will fit in in the neighborhood you’ve selected.

These are just a few points to keep in mind when you start a co-working franchise with Venture X. Contact us today to learn more about how we support our franchisees as they find just the right location for their new business!

More Than One Investment to Oversee? Why Venture X Is a Perfect Fit

Starting a co-working space with Venture X is a great way to break into an exciting new industry, even for busy investors with more than one investment to oversee. In this post, we’ll review some of the ways Venture X strives to make franchise ownership as easy as possible for our investors.

#1. A Turnkey Investment

At Venture X, we believe that it’s so easy to open one of our co-working space locations that we call it a “turnkey investment.” When you invest in one of our franchises, your investment covers just about everything you’ll need to get your location up and running. We know what it takes to open a brand new co-working space, and we’ve worked many of these costs into your estimated initial investment. The result is a hassle-free experience for our franchisees with fewer unexpected costs.

co-working space venture x

#2. Comprehensive Support

One of the best parts of starting a Venture X co-working space is that we’ll be there to support you throughout the whole process. When you take part in our training program, you’ll learn the ins and outs of what it takes to run a co-working space with as little hassle of possible. Best of all, we’ll be there to offer you startup support when it comes to everything from marketing to on-site training. Independent business owners spend countless hours on factors like developing a targeted marketing campaign, setting up their location, hiring staff, and so forth. When you franchise with us, we’ll be there to make this process as simple as possible — freeing you up to focus more time on your other investments, even while your location is still being opened.

#3. Delegate to Your Employees

For franchisees who are looking for a more hands-off role in their co-working space, finding a staff they can trust is an important consideration. Once you have a strong staff in place, you’ll be able to delegate many of your operations to them, freeing you up to decide when you’d like to work on-site and when you’d like to focus on your other obligations. When you franchise with Venture X, it’s important to spend time at your location, but we want you to enjoy the freedom to decide for yourself when you’ll be at your business.

Venture X supports our franchisees who want to run a co-working space but also have other obligations to attend to. Contact us today to learn more about the ways we support our busy franchisees!

3 Great Ways to Delegate Tasks to Your Managers and Employees

When you sign up to run a Venture X office franchise, there will be plenty of work to be done. The good news is that you don’t need to do it all yourself. When you become a franchisee, you’ll be able to rely on your managers and employees to handle plenty of your day-to-day operations. Delegating tasks will help you to take more time for yourself focus on whatever is most important: family, hobbies, church — whatever it is that matters to you! Here are a few ideas for delegating tasks as a Venture X franchisee.

#1. Opening and Closing Routines

Develop a routine list of opening and closing procedures for your location. These could include things like sweeping and mopping, completing paperwork, preparing food in the cafe, and so forth. Different employees should be familiar with their role, and should understand what their role should be in completing these routines. For instance, managers should complete paperwork and other employees can take care of sweeping and mopping. Developing regular routines is a great way to keep your office franchise running like clockwork.

office franchise venture x

#2. Keep Experience in Mind

When delegating tasks to your employees, keep their level of experience in mind. It’s likely that employees who have worked with you for a long time can be trusted to complete more important tasks, like managing bookkeeping. As employees become more experienced, trust them with more important tasks and train them to complete them so that they can fill in or step up when needed. Honor your employees’ experience by trusting them to help you complete more important tasks, freeing you up to spend time on what’s important to you.

#3. Take Advantage of On-the-Job Training

Let your experienced employees help to share the work of training new employees. A great way to onboard new employees is by having them shadow more experienced employees, giving them  the opportunity to see and experience the correct processes and procedures as they go. This hands-on experience will have a big impact on your new employees, and will minimize the amount of time they need to spend completing initial training before getting out on the floor. Why shoulder the burden of training new employees all on your own when you can rely on experienced employees to help guide them?

These are just a few ways our franchisees delegate tasks to their managers and employees. Contact us today to learn more about what it takes to franchise with Venture X!

Put Your Business Experience to Good Use with Franchising

Are you looking to open a co-working space business of your own? If you come from a corporate or business background, you may find yourself especially well-prepared to franchise with Venture X. Here’s a quick look at how some of the skills you’ve already mastered could be of use to you as a Venture X franchisee.

#1. Managing Schedules

An important component of running a Venture X co-working space is managing complex schedules. What makes our co-working space so appealing to entrepreneurs and freelancers are the flexible plans we offer. That means that our schedule is something of a revolving door: clients will use their workspace a set number of times per week or month, and the rest of the time it will be vacant for others to use. If you have experience writing schedules, this will come in handy running a co-working space business with Venture X.

co-working space business venture x

#2. Staying on Top of Paperwork

One of the best parts of franchising with Venture X is that you get to step right into our established business model. We’ve already figured out the most efficient ways to manage bookkeeping and paperwork for our franchises, making it especially simple for our franchisees to adopt our systems. Still, if you come from a business background, learning the ropes of our bookkeeping systems may be even simpler for you. If you have experience in accounting or payroll, put those skills to use by becoming a Venture X franchisee.

#3. Anticipating Your Clients’ Needs

If you come from a business background yourself, you may find yourself especially adept at anticipating the needs of the clients you serve. At Venture X, it’s important that our customers are able to work productively at our locations. As a former businesswoman or businessman yourself, you probably understand what it takes to stay productive at work. Whether it’s making sure your internet connection is as steady as possible or organizing the layout of your location, your insights will help your clients to work efficiently, helping to ensure repeat customers at your co-working space business.

#4. Customer Service

Many business and corporate jobs depend on customer satisfaction. If you have experience working directly with customers, this experience will be an asset to you as a Venture X franchisee. Attending to your customers needs and listening to their feedback will help you to develop lasting relationships as you grow your business.

Contact us today to learn more about putting your experience to use as a Venture X franchisee!

Why Realtors Make Some of the Best Venture X Franchisees

If you’re searching for great franchise opportunities for realtors, look no further than Venture X. At Venture X, our co-working spaces are leading the charge into the future of business worldwide. We believe that our franchisees who started out as realtors are especially well-prepared to run Venture X co-working spaces. Here’s a  quick  look at how the skills you picked up as a realtor will be a benefit to you as a Venture X franchisee.

#1. Finding the Right Space for Each Client

Just like realtors, Venture X franchisees need to listen to their clients in order to determine just the right workspace arrangement for their needs and budget. Just like property seekers, Venture X clients will have unique needs in terms of how often they’ll need to use the space, how much privacy they need, and how much they’d like to spend. As the franchise owner, you’ll get to know your clients and help to match them up with the best possible co-working space plan. This attention to the needs of clients is a well-developed skill among experienced realtors.

investment franchise opportunities for realtors venture x

#2. Finding the Best Possible Location

As a realtor, you likely have your finger on the pulse of your community. While Venture X is proud to help our franchisees to find the best possible location for their co-working space businesses, your knowledge of your community will help you to find the best location to reach the entrepreneurs and freelancers in your community. It’s important that Venture X locations be centrally located and easily accessible by car and public transit in order to attract the best number of clients. Realtors’ ability to scope out locations like this in their community is just another reason that Venture X has great investment franchise opportunities for realtors.

#3. Excellent Customer Service

For realtors, customer satisfaction is of the utmost importance. Realtors know that happy customers are repeat customers, and the same is true for Venture X franchisees. Satisfied entrepreneurs are more likely to continue coming to work at Venture X, and experienced realtors understand how to give customers the individual attention they need in order to feel valued and at-home in their workspace. If customer satisfaction has been important to you in your career as a realtor, put those skills to use in a new career as a Venture X franchisee.

As you can see, Venture X has great investment franchise opportunities for realtors. Get in touch with us today to learn more about becoming a Venture X franchisee!

What Is a Co-Working Space and How Does it Work?

What is a co-working space, you ask? Simply put, a co-working space is a workspace that entrepreneurs, freelancers, corporate teams, and others can rent to use every day, week, or a few times a month. At Venture X, our co-working spaces stand apart because of their innovative design and flexible contracts. Learn more about co-working spaces and how they work below.

What is a Co-Working Space?

A co-working space is a communal workspace where clients can decide how much time they’d like to spend, and how much privacy they’d like to have. This flexibility is great for entrepreneurs and freelancers who don’t need to be in an office every day, but could use a dedicated workspace some of the time. At Venture X, our co-working spaces are beautifully designed with creativity and functionality in mind, making our locations a a far cry from the cubicles and office spaces of the past. Beautiful artwork, rich wood grain, and an open atmosphere make our spaces fun to work in! Our clients love being able to visit our in-house cafes to order coffee and pastries whenever they need a pick-me-up.

co-working space venturex

How Does it Work?

The beauty of our business model is that we offer flexible contracts to meet the needs of all kinds of professionals. First, they decide how often they need a workspace. Whether it’s weekly, monthly, or all the time, we have contract options available that can accommodate them. Next, they’ll decide what kind of workspace they’d like. Whether they’re comfortable working in a communal environment or need a private office, Venture X has a range of workspaces available to suit their needs. One of the benefits of this model is that many of our workspaces are constantly available- if someone only needs a space once week, that means it’s available for others to use six days of the week. You can capitalize on this rotating schedule by booking each of our workspaces to capacity. Having plenty of customers means that none of your spaces will stay empty for long.

This is just a basic look at what is a co-working space, and how they work. There are plenty of workers who take advantage of these spaces, and projections indicate that this population is growing. Help to accommodate the flexible needs of this next-generation workforce by offering them flexible workspaces that they’ll look forward to spending time in. Reach out to us today for more information on starting your own Venture X franchise!

As an Experienced Investor, Will a Co-working Franchise Work for You?

Experienced investors will be delighted by all Venture X has to offer. Our strong support for franchisees along with the growing popularity of our industry make ours a great company to team up with. Here’s a closer look at the benefits of franchising with Venture X.

A Growing Industry

Experienced investors understand the importance of conducting thorough research before they invest. If you’ve done research on co-working spaces, you already know that the industry has been growing steadily since 2012. Freelancers and entrepreneurs love the flexibility of co-working spaces which allow them to access the workspace they need, when they need it. With freelancers becoming an increasing force in the market, the demand for co-working spaces will continue to grow.

experienced investors VentureX

A Top-Notch Franchise

Experienced investors know that they need to carefully choose the companies they do business with. When you franchise with Venture X, you’re joining a well-established company that understands what it takes to help our franchisees grow their businesses. You’ll enjoy an intensive week of training at our headquarters and flagship store in Naples, Florida. Afterwards, you’ll enjoy start-up support to help with getting your new business up and running. One of our corporate representatives will be right there with you, helping you get your location set up. You’ll also enjoy ongoing support — including marketing support — from our team of experts. We’ll give you the resources you’ll need to generate a buzz about your exciting new business.

The Support of a Powerful Parent Company

When you franchise with Venture X, you’re also joining the United Franchise Group (UFG) family. Our company has been helping franchises grow for years, and we understand what it takes to get a new franchise venture going strong. When you join Venture X, you’ll also be taking advantage of UFG’s 30 years of experience and growth. Why start a business from scratch when you can invest in our experienced and tested system?

As you can see, there are many reasons why Venture X is a great investment for experienced investors. Strong industry growth combined with the support you’ll receive from our brand and our experienced parent company make for a great potential investment. Continue to do research on the co-working space industry, and review some commonly asked questions on our website. We’re confident that you’ll like what you discover! If you have any questions or are ready to get started on your franchising journey with Venture X, don’t hesitate to reach out to us today for more information.

Why Realtors Make Some of the Best Venture X Franchisees

There are many possible investment franchise opportunities for realtors. We at Venture X are confident that our comprehensive training and support program can equip anyone to become a franchisee. That being said, we feel that franchisees with a real estate background will be particularly well-equipped to run a Venture X co-working franchise. Here are a few reasons why we believe their experience will be an asset.

Finding the Right Match

Realtors have experience helping people find the right match for them when it comes to locating a great space. We believe that your experience as a realtor will be an asset as you listen to the needs of your customers and find them just the right workspace for their needs and budget. But instead of contracting just one workspace and moving on, keep in mind that many of our workspaces are only in use one or two days a week. That means that you’ve got plenty of space and time to contract out!

investment franchise opportunities for realtors VentureX

Customer Service

It’s important that realtors have strong “people skills,” taking the time to get to know their clients. Similarly, franchisees with Venture X need to provide exceptional customer service. By getting to know your clients and what they value, we believe that your customer service skills will be an asset to you as you work to create lasting working relationships. In a co-working space like Venture X, amenities are important. Our clients love that they can stop by the cafe for a hot drink and take advantage of the amenities we offer. Making sure your customers are comfortable and satisfied is important to being a Venture X franchisee.

A Good Feel for Your Area

Realtors know everything there is to know about the communities they serve. This will be an asset to you as you develop lasting relationships with your customers and work to find new ones. Having a good understanding of trends in your community as well as the needs and desires of your local business scene will help you to scout out a great location, and to make sure that it offers just the services your clients are looking for.

These are just a few reasons why we believe that Venture X is one of the best investment franchise opportunities for realtors. Reach out to us today to learn more about the similarities between these two careers, and to get started on the path to opening your own co-working franchise.

Top Coworking Spaces Worldwide

top coworking space venture x

The need to work from a remote, professional environment isn’t unique to Americans, but working from home isn’t always the most productive option. It can start to feel stuffy, claustrophobic, and isolating, or on the other side of the coin, there can be a variety of distractions. For those who work remotely, a coworking space is a welcome alternative. Coworking spaces give our clients a comfortable, distraction-free environment designed to maximize their productivity, as well as facilitate connections with other remote workers. The demand for this kind of communal setting has boomed in recent years, leading to the expansion of coworking spaces from Los Angeles to Thailand. While we think VentureX is pretty cool, take a look at some of these other top coworking spaces worldwide for some inspiration.

Thailand

One of the best parts about owning a coworking space is the degree of flexibility allowed for customization and creativity. The character of your space will often be determined by your site location, and phrases quickly learn to enjoy the challenge of creating a fun, relaxing, unique environment. One of the most unique coworking spaces is located on the beaches of Thailand, and boasts shared beachfront desks, beach shower access, and fine dining at adjacent restaurants. The coworking space also provides hammocks for lounging and working. It’s venues like these that provide truly useful inspiration to Venture X franchisees trying to conceptualize their coworking space business.

Hollywood, California

Another inspirational location can be found in Hollywood. This particular space is tailored to artists, film and fashion designers, and architects. The space itself is designed to cater specifically to those in need of studios, or large areas to pursue their creative work. It’s a great example of how a coworking space can assume a unique character, and cater to a specific target demographic. 

Barcelona, Spain

Barcelona boasts an indoor-outdoor coworking space that spans six floors. It has a cafe and patio downstairs, while upstairs you can find meeting rooms, terraces, and even a “siesta club,” where workers can take relaxation to a whole new level. While we don’t encourage clients to sleep on the job, this unique space should give you an idea of exactly what is possible when you design your own coworking space.

San Francisco, California

This space in San Francisco decided to make dogs part of their coworking family too. A dog-friendly business, this location also offers bike parking, complimentary breakfast every morning, and a dynamic work environment. This San Francisco location is a great example of environmental awareness, and offering services designed to attract your target demographic.

Johannesburg, South Africa

Speaking of the power of amenities, this coworking space in Johannesburg offers a coffee bar with member-only prices, and an indoor putting green. Features like these can make your coworking space stand out from the rest, and give you an edge on your competition.

While we certainly don’t expect our franchisees to replicate the models above, it’s useful to keep in mind how some of the world’s top coworking spaces operate and innovate. If you’re excited by the prospect of launching and customizing your own coworking space with Venture X, reach out to us here.