Managing Your Coworking Finances

This video is part 12 of our series on building a profitable coworking business with Jamie Russo of Everything Coworking and Michael Everts with OfficeRND. In this video, we talk about how to manage your coworking finances. 00:00 - Set the stage 00:13 - Hire a Bookkeeper Right Away 03:30 - Manage to Profit Goal 05:58 - Track Revenue by Product Category 09:05 - Track Your Expenses and Create Policies Additional Resources: OfficeRnD offers award-winning coworking space management software that helps operators run their space smoothly. Startup operators can now get a 50% annual discount through our Flex Startup Program. Plus more perks. Click here to learn more and apply now: https://www.everythingcoworking.com/ornd Coworking Startup School™ https://www.everythingcoworking.com/coworking-startup-school Free Download: How Big Should My Coworking Space Be? https://www.everythingcoworking.com/coworking-resources-coworking-space Podcast episode: 5 Reasons Coworking Spaces Fail https://www.everythingcoworking.com/episodes/262 Everything Coworking gives new operators all the tips and tricks they need to run a space and delivers a complete coworking space startup framework including a coworking space startup plan that covers everything from lease negotiations to marketing strategies. https://www.everythingcoworking.com/coworking-startup-school