How to Start a Coworking Business in 4 Steps

If you’ve been researching investment opportunities, you’ve probably already realized that coworking spaces are an exciting frontier.  Since you have little experience in the field, you’re also probably wondering how to start a coworking business — that’s where Venture X comes in. We’ve opened cutting-edge, collaborative coworking spaces around the world, and we’re always ready to help qualified prospective franchisees get started. Here’s a quick look at the high-level steps in our process. 

Step 1: Contact Us

After you’ve reviewed our website and learned what we’re all about at Venture X, your first step should be to contact us. We’ll set up a time to talk and walk you through the requirements and steps of how to start a coworking business. We’ll also get to know more about you to see if you’d be a good fit for our brand.

Step 2: Reviewing the Details and Signing a Franchise Agreement

Step two could take place over weeks, even months. We want you to take ample time to get to know us by reviewing our franchise disclosure document, visiting our corporate offices, and getting to know our team. Once you have a thorough understanding of the investment and we’ve determined that you’re well-qualified to become a franchisee, you’ll be presented with a franchise agreement. Signing it means we can get started on opening your new location!

Step 3: Finding and Preparing the Perfect Location

If you’ve already started researching how to start a coworking business, you’ve likely already realized that location is key. Venture X partners with real estate experts all over the world in order to get our franchisees access to a variety of locations with great potential. We look for spaces that have plenty of room for conference and event areas, as well as shared workspaces. Locations in close proximity to restaurants and hotels make our coworking spaces attractive to business travelers. We also work with our franchisees throughout the process of furnishing and designing the interior of their location. High-end furniture, state-of-the-art technology, and collaborations with local artists make each Venture X a beautiful, collaborative space that’s a joy to work in. 

Step 4: Keeping Things Running Smoothly

Once your location has opened its doors, we’ll work with you to keep things running smoothly as your business grows. Between a cache of marketing materials, software that makes the booking and billing process simple, ongoing support, and business coaching services, you can rest assured that our team of experts is dedicated to helping you grow your investment. Best of all, each Venture X location has the benefit of multiple revenue streams. We’ll work with you to help you earn from event space rental, mailbox services, private office and conference room rentals, and much more. 

Ready to start the process? Contact Venture X today to learn how to start a coworking business!