The Network Hub- StartUP Guide
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This document provides information for property owners on Vancouver Island interested in partnering to establish a coworking space through The Network Hub. It outlines the benefits of coworking spaces and statistics on coworking trends. The Network Hub's vision is to build a network of coworking spaces in partnership with conscious capitalism-minded property owners. The document then describes the roles of the property owner, management team, and The Network Hub in the partnership. It provides a step-by-step process for setting up the coworking space and includes checklists for member and public spaces and services. Marketing strategies and launch timelines are also addressed.
![What people are saying
I’m a people person so
working alone is no
fun. I love the
flexibility of some
days working beside
creative people; and
other days staying at
home.
Jamie Cruickshank
C4 Travel &
Adventures
We recently joined The
Network Hub to service
our expansion on the
Island & love their
professionalism and
social media savviness.
Paul Holmes,
Smart Dolphins IT
More testimonials online - www.thenetworkhub.ca/about/community
We’ve been using The
Network Hub for years
as a corporate mailing
address for stability.
Our company engages
freelancers [worldwide]
- many working in
coworking spaces - & I
love my new desk here.
Stu Wenschlag,
Animation Studio](https://image.slidesharecdn.com/8128738d-124a-47eb-8440-3272ad834bed-170211015837/85/The-Network-Hub-StartUP-Guide-20-320.jpg)
The Network Hub- StartUP Guide
- 1. Community Hub & Coworking StartUP Guide For Property Owners on Vancouver Island
- 2. overview The Network Hub is a coworking space business model that is 100% brand managed and systems supported by effectual entrepreneurs. Our vision is to build a network of coworking spaces in partnership with property owners with a conscious capitalism mindset looking to make a financial, social and community impact.PACTIG IDEA pact.YOUR BIG IDEA OUR CO WORKING IMPACTFUL COMMUNITY RETURN ON INVESTMENT
- 3. Coworking statistics ● 40% of the workforce will be freelancers, temps, independent contractors, & solopreneurs by 2020 ● 70% of coworkers reported they felt healthier than they did working in a traditional office setting ● 91% have better interactions with others after coworking ● 78% of coworkers are under 40 ● 90% said they feel more confident when coworking ● 50% report higher incomes ● Only 30% prefer to work during normal business hours Source: Huffington Post Business
- 4. The resident population of Vancouver Island is approx. 785,000 and is projected at 850,000 by 2025 Vancouver Island services 3.8 million overnight visitors Estimated 10,000 international students reside temporarily on Vancouver Island The Network Effect Members of The Network Hub have access to over 1022 coworking space partners internationally for up to 3 days for free! The Network Hub helps put Vancouver Island on the map for global workers and travelers while servicing local business owners. Source: viea.ca/business--living-on-vancouver-island/
- 5. Top Reasons to add coworking to your property 1. Bring suppliers & contractors closer. Proximity breeds efficiency when regular conversations are required to progress business/projects. 2. Enhance your work environment for your own team. Coworking spaces are inherently innovative, social, inspiring, and productive - all of which are infectious! 3. Business building culture. Your business relies on collaboration, fostering entrepreneurial thinking internally & externally, building an impactful brand, and getting work done. So does ours. Let’s work together. 4. Turn under utilized spaces into revenue streams. Board Room(s), Reception Areas, Work Room(s) can earn revenue when not in use by your team. Let’s work together to create new revenue. 5. Use small business to attract big business. Compliment your offer of big ‘leasable space’ by offering offices, desks, work passes, meeting, event and training space to Members and public. 6. Benefit from increasing square footage return-on-investment. Reap the benefit of increasing return- on-investment on your spaces over time.
- 6. You know you want a coworking space onsite. So, let’s do business together.
- 7. STEP 1 Sign a Letter of Intent with The Network Hub Vancouver Island licensee Angie Barnard. angie@thenetworkhub.ca 250-591-8847 (Nanaimo office)
- 8. ➔ Property owner INFRASTRUCTURE - START UP LABOUR & SET UP - LOCAL PARTNERSHIPS ➔ Management team DAILY OPERATIONS - SALES - MARKETING - LOCAL PROGRAMS & EVENTS ➔ The Network Hub BRANDING - REGIONAL PARTNERSHIPS - TRAINING & IT SUPPORT - OPERATING SYSTEMS - REGIONAL PROGRAMS & EVENTS Snapshot of Partner Roles Depending on your timing, capacity and needs, The Network Hub can help with design, operational set up, management, programming; and in select cases day-to-day management.
- 9. STEP 2 Confirm which MEMBER* SPACES you will offer on location: Meeting Room(s) Office Space (S, M, L) Desk Space Work Pass PopUP Pass *Members sign an Agreement for regular access to the space on a monthly+ basis
- 10. ➔ 1 or 2 high rsolution photos of EACH rentable space without people The photos will show highlights of the space (e.g. Meeting room tables, chairs, whiteboard ➔ Booking rates/prices To be confirmed, but the following is a recommended starting price: Work Desks ($250), Small Office ($500), Medium Office ($750), Large Office ($1,000), Work Pass ($200). ➔ Establish “Member Agreement” template Edit our template to reflect location specific inclusions and shared amenities - at a minimum: printer/scanner, high speed wifi, use of meeting room, full or restricted access (i.e. 24/7 or 9- 5pm), kitchen use, mailbox service, key/access details, key contacts. Plus a description of nearest parking. ➔ Create a location specific Member Handbook This is to be co-developed with property owner and will include location logistics, protocols, training and additional offerings. Checklist - Member spaces
- 11. STEP 3 Confirm which PUBLIC SPACES* you will offer on location: Meeting room(s) Event space Training space Studio space Drop In desks PopUP Shop** *No membership is required, so consider parking, security and access requirements, **PopUP shop ideal for high traffic locations.
- 12. ➔ 1 or 2 high resolution photos of EACH rentable space without people The photos will show highlights of the space (e.g. Meeting room tables, chairs, whiteboard ➔ Booking rates/prices To be confirmed, but the following is a recommended starting price: Meeting Room Small ($15/hr), Meeting Room Large ($25/hr), Event/Training Space ($45-100/hr), Studio Space (varies based on technology/equipment), Drop-In ($5/hr) ➔ Establish Start & End times for public access Daily times (i.e. 8am - 9pm...or 9am - 4pm) ♦ Weekend times (if applicable) ➔ In-house staff training to book spaces This is important if internal staff i) are responsible for ‘live reception’ of the spaces, and ii) need access to space but will not be charged for usage. ➔ Create ‘Public Users Handbook’ - location specific A template is available, but will need to include/consider local logistics, catering, security and access, parking, etc. Checklist - Public spaces
- 13. STEP 4 Confirm which SERVICES you will offer on location: MailBox Rental Reception A/V Catering Parking Consulting or Training Other: Other:
- 14. ➔ 1 or 2 high resolution DESTINATION photos Ideally, an iconic symbol of your city/location (to easily differentiate between other locations). ➔ Mail Service These are standard rates offered at all locations of The Network Hub: Mail Box Rental ($30/month), Mail/Scan ( $50/month), Mail/Scan/Forward ($75). www.thenetworkhub.ca/mailbox-rental ➔ Local services, programming and event Service information should be included in Staff and Member Handbooks for consistency of access to information. These are promoted location specific. ➔ Scalable services If you are able to provide an additional ‘Service -on-demand’ suitable for all locations of The Network Hub, we are happy to consider it as a value-add offering - www.thenetworkhub.ca Checklist - Services
- 15. Create a Marketing Campaign. To be developed between property owner, on site management team and The Network Hub. The campaign will highlight location specific priorities, messaging; and identify costs and responsibilities of partners.
- 16. Confirm launch dates. Soft launch date ____________________. Systems to be in place to allow for early Member sign-ups of Office, Desk and Work Pass users. Full launch date ____________________. Systems to be in place for all full Member and Public use of rental spaces; plus launch of marketing campaign. Sample Ad for demonstration purposes only
- 17. Top Reasons to partner with The Network Hub 1. We operate as a business. The Network Hub opened its first location in 2006 (before coworking was popular) so we know the business. We are a for-profit enterprise and expect the same results for our business partners. 2. Our team is committed to building your business. Our partnership agreements are based on a shared risk and shared revenue model, so we only invest with those partners where a win-win potential exists. 3. We are set to scale. Our systems, our Membership network and our brand DNA have the potential for you to open a turn-key coworking space within weeks or months. 4. Our leadership team knows the region. Our leadership team is well connected in the BC business community in Vancouver, Whistler, New Westminster, Nanaimo, Richmond. 5. We can deliver or license our PROGRAMS. We have the license for programs that can add value to your coworking space to service niche markets. This includes, but is not limited to: Artist-2- Entrepreneur; Kick for StartUPs (available outside Capital region), Event Transformer. More information is available on request.
- 18. The Network Hub location milestones Sept 2006 Vancouver opens Sept 2011 New Westminster opens Dec 2013 June 2015 Nanaimo opens 2006 2011 2013 2015 2016-2017 Whistler opens Which month? Your location opens
- 19. Meet Angie Angie’s passion is community building leveraging the power of coworking, coliving and coproduction facilities & events to foster cashflow, equity, sustainability happiness return-on-investment - 1 property, 1 community, 1 distinct industry at a time. Working locally as the Vancouver Island licensee, Angie works to enhance spaces and communities with the The Network Hub team, brand and business model. www.thenetworkhub.ca Working globally, Angie has partnered with coworking & collaboration experts in Toronto, San Franscisco to value-add to infrastructure projects through Thrive Junction. www.thrivejunction.com
- 20. What people are saying I’m a people person so working alone is no fun. I love the flexibility of some days working beside creative people; and other days staying at home. Jamie Cruickshank C4 Travel & Adventures We recently joined The Network Hub to service our expansion on the Island & love their professionalism and social media savviness. Paul Holmes, Smart Dolphins IT More testimonials online - www.thenetworkhub.ca/about/community We’ve been using The Network Hub for years as a corporate mailing address for stability. Our company engages freelancers [worldwide] - many working in coworking spaces - & I love my new desk here. Stu Wenschlag, Animation Studio
- 21. Let’s get work done! If you are a property owner or are driving economic development for your industry on Vancouver Island and would like more information about establishing a coworking location for YOUR community I would love to connect with you. Angie Barnard ca.LinkedIn.com/in/:/angiebarnard | /company/the-network-hub www.Facebook.com: /angie.barnard.102 | /TheNetworkHubNanaimo Twitter: @AngBarnard @NanaimoTNH @SOHOSummit www.thenetworkhub.ca/nanaimo | www.thrivejunction.com