Flex That Worx
Welcome to Flex That Worx, a podcast for anyone building, managing or growing a flexible workspace without making things more complicated than they need to be.
If you're running a single coworking space, juggling multiple locations, or overseeing a growing network of spaces across towns or cities, this is your space. It’s for the operators, managers, decision-makers, the people doing the work to make these places run.
Each week, we’ll share focused, no-fluff episodes with practical insights on how to run a better workspace. We’re talking about smoother operations, happier members, stronger systems, and sustainable growth. Think of it as your shortcut to learning what actually works.
At Baseworx, we work from coworking spaces ourselves. We see the wins, the mess, and everything in between. This podcast is a way for us to share what we’re learning, chatting with the people doing good work in this industry and helping you simplify how you scale.
Episodes are short, so you can fit them into your week easily. You’ll hear from workspace operators, industry experts, and our team. No jargon, no filler. Just useful ideas you can actually apply.
If that sounds like your kind of thing, hit follow or subscribe so you don’t miss an episode. You can also find us on LinkedIn, YouTube, or check out free tools and resources over at Baseworx.co
Thanks for listening. This is Flex That Worx, scaling your workspace, made simpler and less stressful.
Flex That Worx is powered by Baseworx
Flex That Worx
Mastering Pricing Reviews, Adjustments & Bundling for your Coworking & Flex Space | S1 EP9
In this episode of Flex That Worx, we delve into the intricacies of pricing reviews, adjustments & bundling for coworking and flexible workspaces. As costs fluctuate, from coffee to energy, maintaining a balanced pricing model becomes crucial.
Graham & Anne-Marie discuss the importance of regular pricing reviews and the challenges of adjusting prices in a service industry where costs are ever-changing.
Key Points
- Pricing Reviews
Regularly assess your cost base to ensure your pricing reflects current market conditions. Annual reviews are recommended to avoid alienating members with frequent changes.
- Cost Management
Implement a robust cash flow model and contingency plans to stay ahead of rising costs. This proactive approach helps in making informed pricing adjustments.
- Bundling & Flexibility
Explore tiered pricing models and bundles to cater to diverse client needs. Offering add-ons like meeting room time or equipment can enhance value without complicating pricing structures.
- Communication
Clear communication with members about pricing changes is essential to maintain trust and avoid confusion.
Conclusion:
Adapting to market changes is vital for the success of coworking spaces. By understanding your costs, implementing flexible pricing models, and maintaining open communication with members, you can ensure your space remains competitive and profitable.
Tune in to learn how to navigate the complexities of pricing in the coworking industry and position your space for success. Don't forget to subscribe for more insights and strategies to simplify and scale your workspace operations.
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Watch the full episode on our YouTube, explore free tools and resources over at Baseworx.co.
This is Flex That Worx powered by Baseworx — scaling your workspace, made simpler and less stressful!
Keywords: coworking, flexible workspaces, pricing, coworking operators, cowork, coworking space, flex work, flexible workspace