New Small Business Startup Idea: Coworking Space

It may be that you have some spare space in your house, out-building, or you even a whole house, you can’t or don’t want to sell or rent out, then you could generate income by setting it up as a coworking space, a coworking wiki-site explains it like this:

Coworking is cafe-like community/collaboration space for developers, writers and independents.
Or, it’s like this: start with a shared office and add cafe culture. Which is the opposite of most modern cafes.

All you need is tables, chairs, a WI-Fi setup and apparently a coffee machine and you are in business. But remember you will have people in your house every day, so make sure you are OK with that, before you start. Have a look at the website for coworking to get some more ideas, or read the blog.

It will be a great place for working, socializing, and getting ideas and help from others. ST.

NOTE: If you have any problems with setting something like this up, give our 24/7 live support a “click“, they can help you.

4 Responses to “New Small Business Startup Idea: Coworking Space”

1. Robert Moore
   http://www.business-sale.com
   
   Said on November 15th, 2007 at 12:12 pm

   Just remember that if you are setting up business activities in your house you could fall foul of the planning regulations. It is usually not a problem to have an office in your house but more than one could cause problems. The local authority could require change of use permission and you might have to pay business rates on the garage….

   The next issue is one of tax. Principal Private Residence capital gains tax 100% exemption could be compromised if you are running a business from the house. This may require an adjustment to be made and some tax being paid when or if you eventually sell it.

2. Stefan Töpfer
   http://www.winweb.com
   
   Said on November 15th, 2007 at 12:34 pm

   Yes Robert, very good point, it is important to see an accountant, since this involves your personal and business tax.

   Not every house will be suitable as a co-working space, true, but finding out if you could do it and generating some income could be profitable.

   And then there are countries where you do not get boxed in by the over-active paper-pushers and bureaucrats, I still have this “childish” believe we should support small business and business start-up with more than words, something that does not happen in Europe these days.

3. CatherineL
   http://www.cathlawson.com/blog
   
   Said on November 28th, 2007 at 7:14 pm

   Great info Stefan. I wish I could do this but we’re squashed up enough trying to run our own business from home. Maybe it’s something we’ll be able to do later.

4. Hayley
   http://www.basicswebdesign.co.uk
   
   Said on April 16th, 2008 at 1:56 pm

   Hi

   Just thought I’d tell you about Basics Web Design. We design websites for new/small business’ for just £140.

   For more information visit http://www.basicswebdesign.co.uk

   Or email enquiries@basicswebdesign.co.uk

   Thanks

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