About 50% of U.S startups prefer to operate their business from home, however, your home may no longer be a suitable environment especially when your business starts to grow and you need to meet with customers or bring more people on board. Moreover, separating home from work life can be very challenging, and this can increase your risk of burnout.
This leads us to coworking spaces which are actually open offices with a huge number of independent and shared desks where startups, freelancers, and early stage companies can work. Some coworking spaces also offer private offices for your company's privacy.
Why should you consider coworking?
Improved facilities for your home office or local coffee shop
Let's be honest, a coffee shop or your home office can exhibit a few challenges to professionalism such as nonbusiness interruptions and noise. However, with coworking spaces you are provided with all that you have to complete your work such plenty of desk space, an abundance of power sockets, functional furniture, and high-speed Wi-Fi connections which come standard in most coworking spaces.
Flexible and cost-effective solution
A conventional office space rental can help you with your startup needs, but they usually require a long term commitment regarding finance. However, coworking enables your startup to be agile as it develops and changes.
You can make use of the space as and when you have to on a daily or monthly basis. You can also rent meeting rooms when you have to. You would likewise be free from being stuck on a lease you are not ready for.
Networking on a whole new level
Cooperating spaces are utilized by a group of entrepreneurs, freelancers, and small businesses; therefore there are a lot of networking opportunities with individuals who are also endeavoring build a business.
Access to lots of business advice
A coworking space can provide you with the opportunity to receive advice on your startup. First, there is a community of coworkers with varied skills and experience that you can have access to. Second, these spaces are often managed by a group of enthusiastic community managers who can lead you the correct way, help you think logistics through or give you some advice.
Coworking grows as your business grows
Another reason why you should consider a coworking space is that you can scale up as at when you have to. Whether you abruptly require more facilities to employ more staffs to assist you when you are busy or match a peak in demand, it's more likely that a coworking space can be more flexible and nimble than a traditional office.
2017 is the year for women founded companies to thrive. Why? Because women bring innovation, new perspective, and new voices to the business world.
Here are three companies to look out for this year!
After working for years in the film industry, Rebekah Renne started her own film company to shake up the industry which places men in the majority of leadership roles.
Pictoclik is a collective for filmmakers, talent and movie lovers alike. Founded in 2012, our goal is to unite emerging and established industry professionals through fun and engaging events, workshops, screenings and our annual film festival.
We are team of passionate individuals that believe in community and the collective wealth of ideas. The Bay is a wonderful place conducive for innovative and creative possibilities. We also want to provide filmmakers and talent with a dependable foundation. Our board members and creative team are a band of talented established industry professionals that genuinely want see more creative collaboration. Most of all, we believe in others capabilities. We are artists, filmmakers, advertising and marketing professionals; together, we plan to build a foundation that unites filmmakers and get more people to actively join and participate in the process.
Grace and Catherine were both working in venture capital in Silicon Valley when they realized that there were better alternative ways to fund a business. Driven by their passion for investment but being non-accredited investors themselves, the two spent their free time brainstorming out-of-the-box investing models to build a new way where small businesses and individuals can potentially profit together.
Blending the Title III of the JOBS Act and revenue sharing was the answer. The new legislation allows new financing models that leverage the crowdfunding capabilities of the Internet. This funding mechanism has been exploding since millennials have entered the economy – and Title III is opening new opportunities to democratize markets by better aligning community and capital. Revenue sharing helps align the interests of investors and entrepreneurs without involving equity, therefore providing an alternative exit strategy.
And this is how Startwise came to life – the platform enables individuals to invest in companies they are passionate about and if companies generate revenue, investors may receive a portion of those amounts. Entrepreneurship keeps evolving, innovation will keep happening – and the finance industry will have to keep up.
3. Naturella Made
Naturella Made was founded in December of last year out of one woman’s frustration with the current status of the feminine health industry. Nicole began researching a cure to her own reoccurring issues with feminine health when she came across an article featured in Glamour. In the article, a woman expressed her trials in finding a solution to her recurring struggles with BV. After reading about how this woman used probiotics to support her vaginal and urinary tract health, Nicole had an a-hah moment. She asked herself: why aren’t there any trustworthy probiotics on the market catered to women? That is when she decided to bring them to market herself. Sourcing quality products and providing education about feminine health to her customers were just the beginning for this young entrepreneur. Starting a feminine health company opened her eyes to the opportunity for innovation in this industry. In addition to running Naturella Made, which has seen a loyal following of women who are trying probiotics for the first time, Nicole also started an initiative to create dialogue surrounding the taboo nature of feminine health topics and how to improve accessible and affordable women’s health care. Her new initiative is called My F Health and the new project has already held two impactful open panel discussions, one of which featured the VP of Medical Services at Planned Parenthood, Lisa Stern.
Yuppies and Alibaba
Lately freelancers and entrepreneurs have been getting a lot of flack for being nothing more than lazy, gullible, cubicle escapees. To an extent, the naysayers are right, there is no light at the end of the tunnel for yuppies that have been sold the idea of a mindless passive income scheme. You have to admit the market for selling commodity products you barely ordered wholesale from Alibaba for a miniscule margin on Amazon is slightly oversaturated. Still, so many spaces continue to sing the praises of Side Hustlers who broke the mold and made millions from their college dorm room selling their SEO services or the like.
Connect with Real People
So what are these successful Side Hustlers getting right? For starters, they believed in their Side Hustle, and they made others believe in it too. Today it is too easy to go online and within a few clicks have a Facebook page or even a simple website. While these things are great to have, they mean nothing if all you do is sit behind the computer screen and wait for traffic. You can have the best product in the world, or the most poignant blog posts around, but if you aren't connecting with REAL people, you're wasting your time. You can't even buy the traffic you need because everyone and their mother is outbidding you on Google Adwords.
Automate and Outsource
Don't get me wrong, if you know what you are doing, you can definitely make passive income with minimal effort online. Expert Side Hustlers can swiftly go from idea to income. The difference between you and the serial Side Hustler lies in their ability to automate and outsource. The number one red flag for me when I see someone hustling is when they are using their home as a personal warehouse. You only have so much space and time, if you're playing the role of distributor in this day and age, you'll only make as much money as you can dedicate time and space. There is no room for scale and you might as well be running a lemonade stand (with the right permit), you'll have less headaches and more free space.
When we eliminate the hands on of the Side Hustle through outsourcing and take away the busy work with automation, what are we really left with at the core of our business? What is it exactly that you are doing in this version of a Side Hustle? The answer is: curating. At the core you are providing your services as curator for your target audience (and you better have a target audience.) You are cutting through the noise and finding that niche product or service at the right price, or more importantly to you, the right margin. You could take a whole course on each and every element of the Side Hustle; from your initial desire to make a few extra bucks to the first automatic deposit to your bank account. The formula is simple though, and if you follow it you WILL have passive income.
Viability and Flexibility
Start with a little research, maybe you already have an idea or you're just interested in the idea of starting a Side Hustle. Use a combination of online research and talking to real people to discover whether or not your idea is viable or if there is an underserved market. If you can't come up with a tangible target audience, then stop right there and start over. Once you have a viable idea and audience, you're ready to go to market. Don't hesitate, don't spend months dragging your feet. Put your idea and product/service out there so that you can make the minor tweaks and improvements that your target audience desires. If you don't hype of your business, no one is going to do it for you. When the stars align and you have all the right elements of a successful side hustle, you'll make money while you sleep.
Go For It
As a final note, this advice is not meant to criticize people for trying to hustle. I respect anyone who has the guts to think outside the box and who is working towards passive income. I've just seen too many people working way too hard and not seeing a return. I would never want to discourage someone from going for something they believe in. If you want to make homemade soap from fresh herbs you grow in your own garden, more power to you. Most people don't want to make soap though, they don't even want to look at soap, or have a garden. I'm talking to those people. The people that really want to hustle, they just need the right tools.
Imagine earning side income from a smart business idea that doesn’t require much investment while you sit in front of the TV and have a bowl of cereal. Sounds too good to be true, doesn’t it? In reality, this incredible money-making opportunity does exist and you can make the most of it to earn a target monthly income.
According to ‘The Four Hour Workweek’ author Tim Ferriss, a muse business is an automated business that gets you a target monthly income without making a huge investment and requires minimal effort.
With that being said, are you ready to get on the entrepreneurial roller coaster? In this blog, we will discuss in detail how to discover your muse and successfully start up your very own muse business
Think Of What People Want, Not What You Want
Generic products are dime a dozen and the profit margin for creating such products is significantly lower than niche products. Discovering your muse has got nothing to do with finding your passion or doing something that interests you. Your muse business idea requires extensive research so you can tap into a niche opportunity and create a product that appeals to the people i.e. your target audience.
A smart trick to discover your muse is to find out what’s trending on Kickstarter and which products are people willing to spend their money on. Focus on creating a solution to a real problem and you’ll have a solid muse business idea to work on.
Don’t Jump To Conclusions Just Yet
Don’t quit your job as soon as you find a great muse business idea. Create a prototype of your product and test it with real users before you launch it. The last thing you want is to create a product that people are not willing to buy.
Learn from your customers and the reviews you get on Kickstarter to make adjustments to your product before launching the perfect product.
Take The Plunge
The future is uncertain and you cannot afford to miss out on the window of opportunity so launch your product once you’ve completed your survey and research and then listen to what your customers have to say. Once the product is launched and you realize one aspect of the product is more desired by the customer, take this as a learning opportunity and make necessary adjustments accordingly.
Remember, you cannot force your will on the market, you will have to go with the flow as you learn more about the niche market.
Design Is The Key To Success
Initially, entrepreneurs don’t focus on the design and that is one of the factors that inevitably lead to product failure. We’re humans and we’re hardwired to judge a book by its cover so it is important to make your product look awesome.
Design your product in a way it is minimalist, sleek and modern without any compromise on quality and you have a winner.
Being an entrepreneur is all about taking the leap before the window of opportunity is slammed shut. Follow these steps, think of an idea and start working on your muse to make easy side income. To learn more about starting a muse business, refer to Tim Ferriss’ ‘The Four Hour Work Week’.
The traditional office setting is becoming obsolete as more and more people give up their 9-5 jobs to earn money while travelling or in the comfort of their own homes. Just because you’ve bid adieu to your corporate job doesn’t have to mean you’ll have to compromise on efficiency and productivity.
The use of technology has tremendously changed the way we live, work and most importantly, do business. Whether you’re running your small online business or freelancing, read on to know all about the 5 incredibly amazing tools every digital nomad should try.
Managing projects was never this easy! A great new alternative to conventional project management softwares, Trello lets you create several boards and notes to keep your ongoing projects on track. This app is compatible with iOS and Android, so you can stay connected on the go. From collaborating with your clients to maintaining files, comments and exchanging ideas, Trello has got it all.
Managing multiple applications for communicating with clients and team members can be a daunting task but Slack makes this time consuming process a breeze. This clever messaging platform integrates with your existing communication channels so you can send instant messages, have group discussions and share files - all in one place.
The best part yet, you can download the Slack app on your iPhone or Android device so you can communicate with your team effortlessly, no matter where you are.
The one common problem that all digital nomads face is keeping up with deadlines. Proper time management often becomes a struggle and that’s where Rescue Time steps in to solve all your time management woes. With Rescue Time, you will be able to set more realistic deadlines for completing all your tasks of the day.
All you have to do is install it on your laptop or mobile device and it will tell you exactly how much time you spend on the internet doing certain activities such as browsing, reading articles, etc.
You’ll never be late for your conference calls and Skype sessions once you start using Schedule Once. Create your very own sleek, pre-set calendar and prepare to be amazed.
With this amazing app, you can schedule online meetings and conferences in an interactive manner by sending a link of your schedule to your team members or clients to select a suitable time to connect.
When your Skype calls keep dropping and there’s no other way to connect, use Spaxtel. What’s even more surprising is, you don’t need have internet access or download any software to use this cool service.
You can make landline quality calls with crystal clear sound via callback. Also, the rates are quite Skype-affordable for an overall better calling experience.
These 5 tools are designed especially for digital nomads. Once you start using them, you’ll be amazed at how it will increase your productivity and help you manage time better than before.
Making a logo for your business could be a nightmare for a person without any design skills or even Adobe suite to begin with. But having a great logo is extremely important for your business. This is a blog on some tools you could use to get started.
1. Design Mantic- https://www.designmantic.com/
Plug in your company name and bam, you get pages of logos to choose from. The great thing about this is that once you choose your logo, you can get a branding toolkit to keep your branding consistent for all your marketing material.
Below is an example when we typed in Treehouse Space.
2. Logo Makr- https://logomakr.com/
You can play around with this tool until you are happy with the result. It is free unless you want to download it as a vector image.
3. Graphic Springs - https://www.graphicsprings.com/
Same idea as Logo Makr, but a bit more graphics to choose from and it is $19 to download the vector image.
4. Canva - www.canva.com
This is one of the best design tools for non designers out there. In fact, this is my favorite tool. They have templates from logo to fliers to social media templates. You could choose free designs or designs that cost $1 or $2. If you are subscribed to a plan, you could add teammates as well as your marketing kit all the same way.
Try it out!
5. 99 Designs - https://99designs.com/
I first learned about this service from Tim Ferriss's 4-Hour Work Week. If you go to 99designs.com/tim , you could even get a special deal on a package.
This is one of the more affordable ways to get your logo outsourced. Basically, you describe your product, and 99 Designs run a contest for you to pick. You will pay when you pick your favorite design out there.
6. Cloudpeeps https://www.cloudpeeps.com/
Quality freelancers you can depend on. Cloudpeeps comes with a concierge service to make sure that you are matched with the best designer for your company. They are really a great community of talents to get your business to the next level.
Kanye West's pop up shop in San Francisco is happening in our alley. If you are unsure of what a Kanye West pop up shop is, check here.
The store is currently bringing people into Chinatown. Most people in line had never even been to this side of the city. It is a way not only to put vacant spaces to use, but also bring people into our neighborhood.
August 18th, 6pm
Fans were camping and chilling in our alley.
August 18th, 9pm
August 19th, 10am
August 19th, 11am- The line wrapped around Washington Street, and it is now wrapping around Grant Ave.
If you have been watching the Olympics 2016, you gave seen red marks on all the swimmers' bodies. What is that?
For more info, check here.
In fact, Michael Phelps swears by cupping! http://www.huffingtonpost.com/entry/michael-phelps-swears-by-cupping-should-you-try-it_us_57a8c9e0e4b0aae2a5a0ad06
Of course, since cupping originated from China, you could get it done in Chinatown in San Francisco. Try one of these places next time before you attend an event or after you cowork out of Treehouse Space.
1. Helen Health Restoration Clinic Center
2. Ching's Chinese Medicine and Therapy
3. Golia Beauty Center
Thank you KTVU, KQED, Singtao, and World Journal for covering this story! Below was the original press release with a map of vacancy stores.
For Immediate Release: Chinatown Community Expressing Needs for Revitalization
While the rest of the Bay Area seems to be prospering, Chinatown’s economy has been decaying for the last 5 years. While the median income in San Francisco is around $77,000, in Chinatown it is less than half of that at $36,000. All it takes is a quick walk through to see how worn down and dilapidated this neighborhood has become. Our research found at least 46 storefronts that were vacant or about to become vacant on the main streets of Chinatown including Stockton, Grant, Kearny, and Powell in the 1.34 sq miles radius of the neighborhood. The median age in Chinatown is 50 years old, by far the oldest in a city where the median age is only 36. Current shop-owners are retiring, and there have been only a handful of young shop owners who are currently opening stores in Chinatown. Adrian Chang, whose family owns one of the vacant storefronts will be speaking at the conference. It is imperative to revitalize the area to make sure it will survive the 21st century.
We at Treehouse Space are committed to creating an initiative to revive Chinatown while still making sure it retains its proud and beautiful Chinese American heritage. We have been holding Diversity Panels to discuss current issues that resonate with current residents. There are also monthly art shows which we partner with local artists to add to the culture scene of emerging Chinese American artists. Alfred Twu, who has held a few art shows at previously 1920C, and will hold an art show on September 9th, titled FRESH, will be speaking at the press conference. We are also working on a community initiative called Chinatown Codes, which will empower local kids by providing technological education, including Internet of Things. Given the increase of the income inequality, it is important to educate the next generation of low income minorities.
“Chinatown needs to change now. I have lived here for over 60 years. I’ve seen the golden days of Chinatown. We used to have a great nightlife, more than 6 theaters. Now we are left with a theater that is barely standing. I am excited on the life that Treehouse Space had brought back to Chinatown,” stated Richard Ow, a long time resident of Chinatown.
1.34 square miles
Biggest chinatown outside Asia
Most densely populated place in America other than Manhattan
30% of residents below the poverty threshold
Median age is 50 years old, oldest neighborhood in SF