Coworking and Event Spaces: Unleashing Your Inner Entrepreneur

If you are tired of the same routine of working from your home office or battling for a spot in a crowded coffee shop, a coworking space is just for you! Well, today we’re diving into the exciting world of coworking spaces, entrepreneurship, and event spaces. A balance of these will help you and your business grow while taking it to a whole new level!

Coworking spaces

The greatest gathering of entrepreneurial energy. Gone are the days of boring cubicles and fluorescent lights; coworking spaces are the epitome of creativity. With this in mind, picture yourself working from an office with a great view and fun people all around.

But what’s the big deal with coworking spaces, you ask? Well, let me break it down for you. These vibrant hubs are not just places to work; they’re also communities that nurture collaboration, networking, and inspiration. Need advice on your marketing strategy? Boom! There’s a marketing expert working just a few desks away. Looking for potential partners or investors? Some of the spaces also have a team for that! The person sitting next to you might be your ticket to entrepreneurial stardom. It is a pool of talent, ideas, and endless possibilities. At Itnig Spaces we value authenticity and having a functional ecosystem. Providing support and resources to every startup so they can reach their goals is our passion! Being partners is being Itnig.

Event Spaces

Now, imagine you’ve got an amazing concept for an event that’s going to blow people’s minds. Your hosting place could be right in front of you! These versatile venues are like blank canvases waiting for your creative brushstrokes. From hosting conferences, workshops, and product launches to throwing unforgettable parties, event spaces have got your back.

Mixing Both

But here’s the real magic: combining coworking spaces with event spaces. It’s a match made in entrepreneur heaven! Imagine working on your big project during the day, surrounded by motivated souls, and then transforming the same space into an event venue. Coworking spaces normally also have an event space – which is the case at Itnig Spaces. Talk about maximizing the use of space and keeping the entrepreneurial spirit flowing all around!

The beauty of coworking and event spaces is that they’re not just spaces; they’re centers for collaboration and innovation. They encourage a sense of community and create an environment that fuels productivity. Plus, the networking opportunities are simply off the charts! Who knows, you might meet your next business partner while waiting for your turn at the ping pong table or bonding over a cup of our Specialty coffee.

So, embrace the dynamic world of coworking spaces, entrepreneurship, and event spaces. Trade in your office walls for vibrant murals, surround yourself with ambitious visionaries, and let your creative juices flow. The possibilities are endless, and success is just around the corner.

Remember, entrepreneurship is not a solo journey; it’s a rollercoaster ride best experienced with a group of like-minded individuals. So, strap in, fasten your seatbelts, and get ready to embark on an exciting adventure in the realm of coworking spaces, entrepreneurship, and event spaces. Your future awaits!

Improve your Productivity in a Coworking Space

Concentrating is hard, especially when you are in a place where it is common to have overstimulation. It is now normal to work from anywhere since the pandemic. But being productive is not the easiest task. We are sharing our favorite tools to improve your productivity.

IFTTT (If This Then That)

An automation App that makes your life easier. It has 500+ tasks that you can automate. IFTT works well for both personal and work-related tasks. You can automate turning the lights off when you leave home, or social media posting and saving. The App automates any action you want once you set one that triggers it. They just launched 3 AI services:

HIVE

A Project Management App that makes teams Move Faster. It makes team collaboration as easy as it sounds! Features different team project views that one can personalize to taste because not everyone understands the same way. The App works around Projects & Tasks, Goals, Team Work, Visibility, and Analytics, which means targeting every step of the way.

Mural

A digital whiteboard that helps teams do their best at any project. It is a space for your team to work together in coming up with ideas, connecting as a team, making a plan, and coordinating and aligning! The best part is that anyone on the team can be connected and contribute from their own homes.

Toggl

Tracking time is a tedious job, but not with Toggl. It is software to boost performance and be able to get paid for every billable minute. It also boosts accountability across teams in your company. They have three plans:

  • Toggl plan
  • Toggl Track
  • Toggl Hire

They all have different actions and are recommended by some of the world’s biggest companies!

Sanebox

AI tool that will help you better organize your email! It is compatible with iCloud, Office360, and Gmail. It will learn how to prioritize your emails and will automatically organize your inbox. You will never miss anything important since you will receive daily updates about your inbox.

There are a lot of tools that will help you improve your productivity in a coworking or at home. Even if you’re working digitally you can be efficient with your tasks! Try out these tools and see how they better your productivity.

Coworking and Technology Empowering Employees

The traditional concept of work has been changing, especially in the last 5 years. With the rise of technology and the growth of coworking spaces, work as we knew it has been ceasing to exist. These factors have created a shift towards remote and flexible work arrangements, offering a new kind of freedom to workers.

The Rise of Remote Work

The COVID-19 pandemic accelerated the trend toward remote work, but the concept has been around for several years. The growth of the Internet and the availability of cloud-based tools have made it possible for workers to work from anywhere. As long as they have access to the Internet, working is possible. This flexibility has empowered workers to balance work and personal life, leading to higher productivity and job satisfaction.

Technology Empowering Workers

Advancements in technology have also given workers access to tools that make them more productive and efficient. From communication tools like Slack and Zoom to project management software like Asana and Trello. Workers can collaborate and work together seamlessly from the commodity of their home. Cloud-based storage solutions like Google Drive and Dropbox enable workers to access and share files from anywhere, eliminating the need for physical office space.

Coworking Spaces as a Hub for Innovation

Coworking spaces have also played a significant role in empowering workers. These shared workspaces offer a flexible and affordable alternative to traditional office spaces. Coworking spaces provide workers with access to high-speed internet, meeting rooms, and other office amenities, making it easier to work from anywhere.

But coworking spaces are more than just physical. They also provide opportunities for workers to connect and collaborate with others. Coworking spaces host networking events, workshops, and other activities that foster innovation and creativity. Workers can exchange ideas and knowledge, leading to the development of new products and services.

The Future of Work

The future of work is uncertain, but one thing is clear: technology and coworking spaces will continue to play a critical role in empowering workers. The rise of remote work and flexible work arrangements will continue to reshape the labor market, leading to new opportunities for workers. Coworking spaces will become even more important as hubs for innovation and collaboration, connecting workers with new ideas and technologies.

Technology and coworking spaces are empowering workers to shape the future of work. From remote work to cloud-based tools and coworking spaces, workers have more flexibility, autonomy, and opportunities than ever before. The future of work is exciting, and we can expect to see even more advancements in the coming years.

Capital Funding for Startups; Non-Series Funding

In terms of financing your startup, it is crucial to understand the capital funding available for startups. There are a lot of ways to fund your startup and finding one that fits you best is key.

Self-Funding

Self-funding a startup is when the startup founder(s) invest their own capital fund or find other ways of funding without the involvement of a third party.

Bootstrapping

It is the practice of using your own funds to finance your startup venture. Bootstrapping can be utilized in various stages of your startup! For example, you can use your own savings to build your business and when you already have an established company, you can re-invest the revenue into the company’s growth. One of bootstrapping’s most attractive features is the fact that you have complete control of your startup since there is no exchange of capital for equity. On the other hand, it is more likely for the startup to have a slower growth rate at the beginning while the founder(s) take a bigger financial risk.

Bartering

Bartering is an exchange of goods and services without the exchange of money. It is a way of funding your startup since you can reduce costs by exchanging, for instance, your service in return for the lending of a local. In addition, is necessary to know the monetary value of your services before exchanging them for it to be a fair trade between parties. This method helps startups to reduce costs and expenses; nonetheless, it also means having to provide, in some cases, more services than expected.

Credit Cards

Using personal credit cards to fund a startup is a recurring practice but the biggest downside is having high-interest rates. To do it, make sure you first know the amount of interest you would have to pay, as well as the penalties and repayment plans you get.

Angel Investors

Angel investors are high-net-worth individuals who provide financial backing to entrepreneurs and startups. This type of investor usually looks for riskier ventures mostly in their starting stages and is interested in a high ROI (Return On Investment). They are also on the lookout for interesting and feasible opportunities. In some cases, the Angel Investor is part of the founder’s closest circle of family and friends who make a one-time investment.

Crowdfunding

Crowdfunding means having involvement in some digital platforms. These platforms can have a global reach to potential investors. for your early-stage startup that seeks a part of your equity. To go more in-depth on crowdfunding check this out!

Venture Capitalists

On opposite ends of angel investors, Venture Capitalists, usually referred to as VCs, are private equity investors that provide capital to companies. VCs want a high growth potential in exchange for an equity stake. They tend to find young businesses with a high potential for growth and development. Additionally, VCs are known to normally invest through a firm.

Incubators & Accelerators

Both incubators and accelerators have a thorough applying process. When looking be sure to look into the network and mentors that can be found in the chosen solution. As far as timelines, accelerators have a set one while incubators do not. Above all be sure to join the one that fits your specific needs. Ask yourself where your startup is in terms of growth since that could determine the best choice for you.

As can be seen, there are many different paths to finance a startup. Notwithstanding, there are more solutions that are not mentioned! Do your research on capital funding to know which one works best for your situation. Furthermore, always keep in mind what you feel most comfortable with.

How Series Startup Funding Works: Explained by Phases

One of the critical parts of starting a business is having the capital to back it up. There are many ways of funding startups that can potentially help you that you may not know of. No startup is the same; It is essential to choose the right type of funding, one that adjusts to your own startup – and you! For series startup funding it is essential to understand where your company stands financially and in terms of growth.

To know which one adjusts to your business, you have to think of having a Business Valuation. This will determine the value and worth of your company which is of great impact on investors. It considers the track record, profits unit then and the projected, the risk of investment it represents, market size, etc. Once the valuation is done, startups proceed to the funding rounds. Remember that each business is different and there is no exact timeline for the process!

Series Funding rounds

Funding rounds are a lengthy process with a lot to cover. Most commercial funding comes from outside investment. Which is typically when investors exchange capital for equity in the company.

Funding phases

Pre-Seed Funding

Think of the whole funding process as planting a tree. The pre-seed part is the preparation of the terrain and needed materials. It is the most crucial part and could take years. Funding the start of your company, purchasing the necessary materials, and finding money. Usually, the investment comes from people around you – yourself, parents, friends, and other founders.

Seed Funding

Your startup is starting to sprout and more capital is probably needed at this point. However, it will now come from potential investors who’d like a piece of your company in return – equity. The capital invested is intended to finance R&D. You should use it to research your market, product, and audience while also developing your product and even launching it.

Series A Funding

After sprouting comes growing which is what it is all about from here on! It is the most common to use this funding, which usually comes from investors in private equity firms. Series A funding is normally to expand the products offered, gain a bigger clientele and build a projection or forecast for future years.

Series B Funding

When your tree is already a little sturdy, you water it for fruits. In this funding phase, the capital goes towards growing. The purpose is to have the possibility to boost sales, develop marketing campaigns and implement strategies, have tech development, and nurture as much as possible the customer service.

Series C Funding

At this moment it is common to have big investors such as investment banks and private equity firms. Your tree is blooming and now you focus on keeping it alive and well. The capital would be going towards creating new products, acquiring another business, expanding into new markets, etc.

Series Startup funding and how it works a key knowledge when in need of capital for a project. Every business needs investment, understand it to get the most out of every round!