A few months ago, I decided that Beijing really needed a coworking location, and I would be the one to build it. I immediately started to look at office leases here and quickly became discouraged because of the extremely high cost. At the same time, however, I’d been reading about lean startup techniques and customer development for my own startup. Lean startups focus on ensuring product-market fit before investing a lot of resources, so I decided to apply some of these ideas to my coworking project. I’m glad I did, because they forced me to slow down and saved me from making an expensive mistake.
If you’re also starting a coworking space and would like to know how I’m starting small and building up, here is the process I’ve used so far: Read the rest of this entry »