Im happy to share that the International Business Innovation Association (InBIA) will kick off its 30thInternational Conference on Business Incubation with Alex Osterwalder as the opening keynote. Osterwalder invented the Business Model Canvas and is the lead author of the Business Model Generation and Value Proposition Design books, which sold over a million copies in 37 languages. I was fortunate to have taken Osterwalders masterclass and have been teaching the methodology to Business Incubators all over the world. Having him speak at the largest gathering of business incubator managers in the world is very good news indeed.
Read InBIA’s press release here.
The conference will take place April 16-20, 2016 in Orlando, Fla. Registration for the conference is now open, click here for more information.
We’ve developed an exciting and unique process for evaluating and implementing new coworking spaces within business incubators that we call “design-build-execute.” The process is already in effect and showing great success. The three-stage process allows us to help you to decide if you have all the information and resources you need in order to foster a successful and fun coworking space within your incubator, and then to proceed with building and implementation.
In the design phase, we factor in all the qualities that make up an effective coworking space, and then utilize these factors in designing your own totally unique workspace. These factors include traffic flow, creation of different types of offices, resident and rotating desks, conference rooms, and casual spaces, special lighting, access to business equipment—overall efficiency of the entire space. Also extremely important is the human appeal factor—how desirable the space is in terms of comfort, stimulation, relaxation, community-building, and esthetic appeal—and how good the coffee is! (See our last Blog, Why Some Coworking Space Fail and others Prevail.)
In the build phase, we monitor every step in the construction of the coworking space according to the design parameters we have agreed upon, to create with you a beautiful, user-friendly, efficient, appealing space that will encourage both members and clients to linger and continue to enjoy the space. Finding the right Community Manager also becomes critically important in this phase. We also help you to implement a champion-growing program, in which particularly enthusiastic members of the community are trained and groomed to take on more and more responsibility, with the goal of them eventually becoming managers themselves.
In the execute phase, we launch your coworking model into a beta space, during which everyone involved discovers what works and what may need to be improved upon. A period of beta time is critical in order to create a truly effective coworking space that genuinely meets the needs of all its members. Changes can still be implemented during this phase, according to feedback and input from everyone involved in the project.
For a coworking space to truly succeed, member (and client) needs and desires must be considered and factored in, and changes made organically. Management must be willing to listen to members’ input, and flex along with it, if the space is going to evolve into a beautiful, community-minded, and highly desirable place to work, a space in which members can meet and greet and share information and new ideas, and stimulate each other to call upon their own creativity to solve their work and/or design challenges. Above all, a good coworking space should be a fun place to work, such that members and clients go home at the end of a busy day feeling good about themselves and the way they have just passed their time!
You are busy advising your clients, promoting your program in the community and keeping income and expenses balanced. Do you have time to scour the hundreds of magazine articles, blogs and research papers available to keep yourself current in the entrepreneurship support field?
Over the past 7 years, since I founded Varela Consulting, I have worked with many of you on projects, leading trainings and supporting your programs. I have enjoyed visiting your facilities, getting to know your teams and more than anything watching your programs evolve.
This year, I have set out to find a way to make the information you need available to more entrepreneurship professionals. Until today only those who brought us on for a project or to train on a particular topic could access our specialized and curated knowledge base.
Today I am happy to introduce our new newsletter and redesigned website where we will deliver the most up to date information about developing and managing your entrepreneurship program.
I also want to issue a warm welcome to Varela Consulting’s new team member Stephanie Bermudez. Stephanie has a successful background in coworking and will be sharing her experience and best practices with our community. You can read her bio on our website and feel free to reach out to her at sbermudez@varelaconsulting.com.
Enjoy this first issue of our newsletter and please let us know if you have suggestions for what you would like to see in future editions.