The Benefit of Starting a Coworking Space
If you’re considering starting a coworking space as a business opportunity, now is the time to act.
Coworking spaces are the latest trend taking over the working world, but they aren’t just some fad that you expect to fade away. Instead, these unique opportunities are changing the way people work, and are beloved by the millennial generation—the largest generation in our nation’s history. With these combined factors alone, there’s never been a better time to consider starting a coworking space.
That’s where we come in. Venture X offers a unique franchising opportunity in the coworking space, and with the backing of franchise industry giant United Franchise Group, we have the means and processes to support franchisees like no one else.
Continue reading this page for more information on coworking spaces, the benefits of starting a coworking space, and why Venture X is the right franchise opportunity for you.
What Are Coworking Spaces?
In short, coworking spaces are the future of business.
Coworking spaces are free-wheeling, innovative environments that allow independent employees—or groups of workers—a place to work. They provide the structure that comes with the old-fashioned “going to the office,” while simultaneously eliminating the pressure and cumbersomeness of doing so.
They’re perfect for people like freelancers, entrepreneurs, and independent contractors who want to avoid the distraction of working from home and need a technology- and inspiration-friendly space.
Venture X hits the sweet spot at the intersection of business and community that engages people across age, experience, and status. And with our diverse membership profiles come the daily opportunity for organic networking, mentoring, and learning across the full spectrum of business.
Plus, by starting a coworking space, a Venture X franchisee helps support the local economy and provides an incubator for some of an area’s brightest thinkers and workers.
Benefits of Starting a Coworking Space
Let’s start with the volume and desire for coworking spaces: According to The Bureau of Labor Statistics, an estimated 65 million Americans will be freelancers, temps, independent contractors, or entrepreneurs—all occupations that allow the freedom (and have the personality types to desire) to work from home—by 2020. That’s approximately 40 percent of the American workforce, and they’re all going to be looking for a reason to get out of the house while they’re working from “home.” That’s a pretty solid foundation for a potential consumer base.
And of course, the ever-important millennial demographic love coworking spaces, but that’s really no surprise. Why? Consider some pillars of millennial research: they value experiences and want to be a part of something (and this up-and-coming coworking experience fits the mold by redefining the traditional work environment), and they often would rather pay for a convenience service than deal with the burdens of ownership—an umbrella category which renting coworking space falls perfectly under.
And industry statistics paint a clear picture of why starting a coworking space is a savvy investment: the business generated an estimated two billion in revenue in 2016, and has grown at a whopping average annual rate of 12.7 percent over the past five years, grossly outperforming the general economy.
Starting a Coworking Space with Venture X
If the previous data wasn’t enough to convince you that starting a coworking space was a good idea, here’s a few fun facts about our business model that might appeal to you.
As a franchise, we offer loads of support you won’t find anywhere else, essentially laying out the blueprint for how to run a successful business. With our proven model, we’ve taken a majority of the hassle of opening a business out of the equation for our franchisees.
Our training and support is world class and ranks among the very best offered in the franchising industry thanks to the experience and backing of United Franchise Group. Venture X is a turnkey investment for business-minded individuals ready to be their own boss and open a franchise.
Intrigued by the prospect of starting a coworking space franchise of your own? Download a copy of our FREE franchise brochure in the side column and contact us today to speak with a Venture X representative and get more information.