235. Your Coworking Scorecard Focus for Q1 2022
IN THIS EPISODE, I DISCUSS:
As a coworking business owner, you gotta know your numbers. Do whatever it takes to get into the habit of reviewing your goals and progress against those goals every single week.
The most important numbers on your score card at the beginning of 2022 are:
How many tours do I have booked?
How many show up?
How many convert?
Where are those leads coming from?
What “product” are they interested in?
Knowing these numbers will help you predict the time it will take to get to full occupancy (our goal!) if everything stays the same in your business. It will also give you the documentation and confidence you will need to sell a bank, an investor, a spouse, or a landlord partner, on funding for a new location.
The best way to know your numbers is to keep a scorecard of the important indicators of your business such as the ones listed above, Google reviews, etc.
Block out time in your calendar to review them each week so that you know if you are on track or off track. Better yet, get an accountability partner so that you can’t skip that meeting with yourself!
Everything Coworking Featured Resources:
Masterclass: 3 Behind-the-Scenes Secrets to Opening a Coworking Space
Creative Coworking Partnerships: How to negotiate and structure management agreements from the landlord and operator perspective
Resources Mentioned in this Podcast:
Not fancy tour scenario math that I ran through in the podcast
The book Traction (must read!! And get the paperback, not the Kindle version)
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