We often talk about the lonely life of an entrepreneur or solo business owner. Long hours spent at the kitchen table with no social interaction.
It is a contributing factor to why 20% of startups fail in the first year. We are not solitary animals.
Research shows that solo founders take 3.6x longer to outgrow the start up phase of their business. A balanced team of hacker and hustler (tech and biz) has 2.7x more user growth than a one man band who is trying to cover all disciplines in the business.
When recently asked why our Hub and Lab members like working at SAS almost unanimously the answer was ‘to be part of a community’. ‘To bounce ideas off people who are walking the same path’.
‘Basing my business in the Hub at Shout About Suffolk means I benefit from and hopefully contribute to a motivational office space where ideas, problems and solutions are shared amongst like minded people. It’s also great for my sanity as the social interaction and atmosphere in the Hub is so much more of a positive influence than my kitchen walls! Having a physical office where I can hold meetings is also a bonus’. JIM FANSHAWE, YOUR EXPORT DEPARTMENT, HUB MEMBER
Is shared workspace therefore an important and much needed environment for business start ups? Should more space be available for entrepreneurs and one man bands?
If there was more free hot desking spaces would more local business start ups survive?
At SAS we think so; we see on a daily basis the difference being part of a community makes to our members.
‘What makes SAS special is that we all want each other to succeed. We take the time to support each other, make cups of tea, share problems and celebrate success. I can’t imagine building my business anywhere else. NINA CHRISTENSEN, STRAWBERRY LEMON, HUB MEMBER
With the huge amount of empty space on our high streets should we be calling on our local councils and M.Ps to make more free space available in our region for business start ups?
Imagine communities of like minded people coming together and making their business dreams happen. This can only benefit the region and our future business stars.
Lets turn those empty spaces into vibrant, exciting creative hubs that help Suffolk business grow!