The Lowdown on HUBZone Office Space in DC

HUBZone-Washington-DC

September 17, 2019 | Business, Shared Office Space

If you have never heard of HUBZones and have no idea why you should even care, keep reading for a mini crash course. Although getting in bed with the government isn’t always a good thing, in this case, it could be beneficial for you and your business.

What is HUBZone Exactly?

HUBZone is an acronym that stands for Historically Underutilized Business Zone Initiative. It’s a program put into place by the U.S. Small Business Administration as a way to breathe life into rural and urban communities, including Indian reservations, that suffer from high unemployment rates and low incomes.Read More

Are You a Broker? Here’s Why You Should Partner with Coworking Spaces

Coworking-Broker-Partnership

August 16, 2019 | Shared Office Space

Coworking spaces have exploded in popularity over the past few years and are almost considered the new normal for most entrepreneurs. As a savvy broker, if you’re looking to make a play in the realm of startups and find the next business superstar, coworking spaces are where it’s at.

They are growing pools of entrepreneurial genius and potential, just waiting to be tapped. By creating solid relationships with up and coming clients in the early stages of their business, you position yourself as a trusted resource when that business grows. Fostering early relationships like this helps make way for more lucrative partnerships down the road.

Benefits of Working with a Coworking Space

Remember that rising tides lift all boats and there are a variety of ways brokers can benefit by partnering with a coworking space. Referral commissions for bringing in new clients is one example of a great perk that many locations offer.

No matter how involved you decide to be through the actual process, you essentially own the relationship and are compensated accordingly. You may also win brownie points with your client by offering them alternatives to the standard office and all the associated costs and risks.

Coworking spaces are renowned for offering clients superior flexibility when it comes to leasing terms, while still leaving plenty of room to grow. Many expansions and renewals are even built-in as part of the program.

Plus, coworking spaces are move-in ready. This is an attractive selling point for your clients that are looking to move fast but don’t want to invest in getting a place ready to meet their needs. It’s like you’re offering them an “office in a box.”

Another appealing aspect of brokering coworking spaces for your clients is that it gives you the ability to help them make waves in new locations they couldn’t otherwise penetrate, due to high real estate costs.

How do you do this? By offering them affordable, flexible options in a shared office environment, tailored to suit their unique needs. If that shared office space happens to be in a premium location for a market they want to break into, even better!

Look to Your Future

Always keep in mind that business is all about building relationships and making connections with people. This is particularly true in the startup sector. Entrepreneurs can be a funny lot.

By brokering coworking spaces for your clients during their startup phase, you can set yourself up to be their go-to person when they begin to outgrow it and need to find a more traditional office location. This is because you’ve already built that initial base of trust and rapport. The next step is fostering a long-term relationship that can evolve as the business evolves.

Remember that companies like Timehop, Instagram, and even Uber once operated from a shared office before moving up into a dedicated office space. Who’s to say you won’t find the next big startup poised to take over market share?

Ultimately, the main draw for most companies considering a coworking space for their base operations is the extreme flexibility that’s possible. Coworking membership packages can be tightly tailored to suit their business needs.

Couple that with a vibrant community, a sweet location, amenities your clients can take advantage of, and affordable pricing, and you’ve got a perfect package that virtually sells itself.

Reach out if you would like to learn more about our broker partnership program!

Tips for Networking at a Coworking Space

Networking-in-Coworking-Spaces

August 6, 2019 | Coworking, Shared Office Space

For the savvy entrepreneur, every activity outside the four walls of their home is a networking opportunity. Coworking spaces are excellent places for connecting with others because there are so many like-minded individuals gathered in one location. It’s a great environment to chitchat, trade ideas, get feedback and recommendations, and cultivate meaningful, authentic relationships.

Think about it. You’re working. They’re working. Conversations start happening and before you know it… everyone is networking, without even realizing it. Although there’s nothing innately better or worse than traditional networking opportunities, you might find the connections you forge are just a little deeper when they happen organically. Forced relationships never go the distance.Read More

District Offices’ Capitol Hill Location Wins 2019 Coworking Space Members’ Choice Awards for Coworking Spaces

Coworker-Members-Choice-Awards-Winner-Washington-DC

July 31, 2019 | In the News

Washington, DC – The results are in! District Offices’ Capitol Hill location has been recognized as a winner of the second annual Coworker Members’ Choice Awards (CMCAs) for Washington, DC.

Just a half-block from Union Station, our Capitol Hill (10 G St.) location is in a prime spot surrounded by hotels, restaurants, and shops. The building has top-notch amenities including a rooftop terrace, a walkway connected to Union Station, and on-site underground parking.

The “Best Coworking Space” award is given to only one coworking space in each city. Spaces were ranked this year by a combined, weighted score based on votes from members of the space, survey results, and reviews.Read More

Starting a Business? You Need a Business Plan!

Business-Plan

July 19, 2019 | Business

Fail to plan and plan to fail. Seems harsh, but it’s true. Every business needs a business plan. A business plan establishes order and helps you get organized and focused on your business goals so that you maximize your chances for success. Even companies that have been in business for a long time should be updating their business plan at least once a year to refocus.

A business plan helps you streamline marketing and growth strategies, detail business objectives, and outline the next steps you need to take. Crafting a business plan is also helpful for defining your target audience.

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The Benefits of Having a Business Address as a Startup

Business-Address-for-Startups

July 11, 2019 | Virtual Offices

If there’s one thing you should seriously consider, it’s getting an actual address for your business. Even if you do 95% of your work at home, in your underwear, propped up in bed, that’s okay. Your clients and partners don’t need to know the dirty details of how you serve them, only that you’re fab at it.

Keep it Separate

While it’s not unheard of to use your home address as your business address too, there are strong arguments against it, mainly centered around the issue of privacy. Public records will link to your address, and it’s much safer to have your business address listed publicly than your home address.

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Branding Your Private Office Suite

Branding-Your-Private-Office

July 8, 2019 | Private Offices, Shared Office Space

Congratulations, you’ve bitten the bullet and invested in your own private office. One of the glories of having your own office space is that you can make it your own. When someone enters your space, they should be able to tell exactly who they are doing business with.

We know its no easy feat in a location surrounded by other fellow entrepreneurs. When you’re renting a private office, you can’t exactly go for a major renovation, but there are plenty of ways to brand your space.

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Private Office or Dedicated Desk? What’s the Difference?

Private-Office-Dedicated-Desk

June 26, 2019 | Dedicated Desks, Private Offices, Shared Office Space

Entrepreneurship, freelancing, and remote work has been on the rise for years now. And with it, the trend of coworking has grown and become an entrepreneurial beast all its own, with various coworking locations opening up all over the world, catering to people who want the camaraderie of an office, without the commitment of an office.

With the increase in popularity, there are now multiple options of what kind of coworking space or office you want to rent. It’s no longer only about sharing a desk with people you don’t know. Coworking has gone mainstream and gotten an upgrade.

Keep reading for a brief breakdown of the differences between a private office and a dedicated desk. They are two of the most popular coworking options currently available and while they have some similarities, they are targeted at different folks, with different strokes.

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Questions to ask When Touring a Shared Office Space

Shared-Office-Space

June 20, 2019 | Coworking, Shared Office Space

So, you’re looking to move into your own office or coworking space. Congrats! However, choosing a place for your business to call home takes some consideration. You’ll want to confirm that you’ll be moving into a space that fits your business and your needs.

Before you sign on the dotted line, figure out exactly what you need from your new office space, and take a tour to confirm that the space is the right fit for you.

Here’s what to think about when touring a shared office or coworking space.Read More

A Phone Answering Service Equals Money in Your Pocket

Phone-Answering-Service

June 12, 2019 | Coworking, Dedicated Desks, Private Offices, Shared Office Space, Virtual Offices

Hold the phone, that’s money calling!

We all know that first impressions matter for every business. Simply put, if you make a poor first impression, you don’t get a do-over. That impression is for life and may drive new customers right into the arms of your competition.

What makes an impression better than excellent customer service? Part of excellent customer service is ensuring that when customers and potential clients call, someone answers the phone. If no one answers, people assume you’re just “not that into them” and the business they are looking to provide. So, they move on to another business.

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