Course Summary
How long will it be until you break even? How much should you expect to profit from your coworking space? What should your pricing be for memberships, reservations and amenities? These questions are answered by having a strong financial plan in place. You'll also likely be asked for a pro forma by lenders, investors and on grant applications. Get a head start by taking this course.
What You'll Learn
This course helps coworking and flex space operators to:
- Understand what a pro forma is and what you'll use it for
- Create a membership pricing structure you'll input into your pro forma
- Determine pricing for offerings including meeting room reservations, event space and other amenities you'll offer
- Make reasonable estimates for sales and retention in order to forecast future revenue
- Build a pro forma in a format that is easy for others to read and understand
Course time to complete: 39:40