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Ten Below at the broadband conference 2018

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Ten Below at the broadband conference 2018

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Broadband is essential to a thriving community – but it is not a panacea and it won’t work in a vacuum. Like a treadmill in the basement, broadband is only helpful when you use it. In this session, panelists from a variety of organizations working to support tech-based economic development strategies will discuss their own efforts, and provide the audience with ideas on how they can engage with their own providers around broadband-fueled economic development.

Broadband is essential to a thriving community – but it is not a panacea and it won’t work in a vacuum. Like a treadmill in the basement, broadband is only helpful when you use it. In this session, panelists from a variety of organizations working to support tech-based economic development strategies will discuss their own efforts, and provide the audience with ideas on how they can engage with their own providers around broadband-fueled economic development.

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Ten Below at the broadband conference 2018

  1. 1. Hello! I’m Richard Stuart from Ely. I’ve been helping good people grow great businesses using internet marketing since 1996. I’m the Project Coordinator & Community Manager for Ten Below Coworking in Ely. 2
  2. 2. Coworking 3 1 2 3
  3. 3. What is Coworking? 1
  4. 4. “ Coworking is about creating a better place to work, and, as a result, a better way to work. Coworking spaces provide more than just office space. They are community centers, friendly gathering places, think tanks. When you rent a desk or an office, you gain coworkers to bounce ideas off and that support you professionally in a way that you can’t find working from home or in the corporate office. Coworking connects you to a global network of professional peers. 5
  5. 5. Startups > Coworking is the perfect option because it gives the ability to scale up or down, minimal set- up costs due to shared infrastructure, a built in community to network with, and quite often links to in-house expertise. Subject Matter Experts > Coworking spaces contain overhead costs, there are no long leases to commit to and everything to run a business is usually available on site in a high-profile central business areas with easy access to recreation, restaurants, and shopping where renting independently would be cost prohibitive. Who and Why do people use Coworking spaces? 6
  6. 6. Freelancers > Coworking spaces equate to “freedom” of where and when they work with all of the benefits of a productive office environment plus the perks of being part of a community of like- minded people. Corporations > Large forward thinking companies are jumping on board with coworking spaces due to the benefits to their employees, from increased happiness and productivity to networking opportunities with people outside of their own domains. Who and Why do people use Coworking spaces? 7
  7. 7. Lawyers Learning Specialists Medical Professionals Entrepreneurs Software Engineers Consultants Small Business Owners Resort Owners Geographers Who is using Ten Below Coworking in Ely? Members are predominately out of town guests that require stable reliable internet to facilitate online meetings and teleworking in a semi-private office environment. 8
  8. 8. Coworking by the numbers 2
  9. 9. 1.7 million coworkers by the end of 2018 ○ Approximately 33% of working America is now self-employed. ○ 40% of self-employed people report that they have struggled with loneliness and isolation is leading many entrepreneurs to seek out communal work spaces. 10
  10. 10. “ 11 There are 11,000 U.S. coworking spaces - roughly the number of U.S. Starbucks. The number of coworking members will rise to 3.8 million by 2020 and 5.1 million by 2022. By 2020 50% of large companies will have some form of shared office space.
  11. 11. 66 desks 1.6 Members per desk. 12 8,975 square feet 149 square feet per desk. 93 members Average number of coworking members per space. The average coworking space in the US has.
  12. 12. $135 per desk 13 $1.30 per square foot Coworking spaces on average break even and begin turning a profit in 15 months. $89 per member The average monthly coworking profit is.
  13. 13. Coworking models to support economic development 14 Coworking For ProfitNon Profit Governmental Other
  14. 14. 13% are Non-Profit 15 82% are For-Profit Coworking business models in 2018 1% are Governmental 4% are Other
  15. 15. 17% < 50 - 90 Mbps 16 25% < 50 Mbps Coworking download speeds in Mbps 27% < 100 - 199 Mbps 18% < 200 - 499 Mbps 12% < 500 Mbps
  16. 16. Notable numbers Tech-giant Microsoft allows 30% of their employees to use WeWork coworking spaces around New York. Uber was founded in a coworking space and currently has staff working in coworking spaces in 51 countries. Instagram was created in 8 weeks in a coworking space and was sold to Facebook for $1 billion. 17
  17. 17. Lessons learned in Ely 3
  18. 18. “ Start where you are. Use what you have. Do what you can. 19
  19. 19. High level hurdles The concept of coworking is often not understood. Engaging established community groups is critical. Operational budget limitations to cross the 15 month threshold. Seek local partnerships early while establishing a clearly articulated vision. Building community prior to opening is imperative. Don’t wait. 20
  20. 20. Current initiatives Ten Below Coworking is facilitating FREE Professional Development Skillshares for local businesses to leverage the power of the internet and social media to drive engagement and sales year round. These skillshares powered by Incredible Ely are specifically designed to support economic growth in the Ely area by connecting people, knowledge, ideas and resources. 21
  21. 21. “ Coworking spaces have the potential for huge impact on cities and local neighborhoods. They can create wellbeing, connection, and yes, communal happiness. Coworking spaces can help communities, thrive! 22

Notas del editor

  • Coworking is about creating a better place to work. They are community centers, business incubators, think tanks, boardrooms, and classrooms.
  • Ten Below Coworking has been open for 5 months and we have 28 members in 875 square feet with 6 desks!
  • Ten Below Coworking is averaging $72 per member!
  • Ten Below Coworking is averaging $72 per member!
  • Ten Below Coworking is averaging download speeds of 168 Mbps using fiber from Consolidated Communications
  • As Arthur Ashe clearly stated
  • By serving not selling we seek to establish long term relationships with local businesses so that we may understand how to meet their needs.
  • In conclusion.

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