GlossGenius’ Post

Do you think Adam Neumann should be bidding $600 million for WeWork? Bob Iger back at Disney isn’t exactly rocking But Steve going back to Apple did the trick Adam, If you do go back, I’ve got an idea for you Rebrand WeWork to Enjoy Work I was part of the Wolff Olins team (with Robert Jones) that created Enjoy Work (for Stanhope PLC) 10 years before you started WeWork Enjoy Work is a better brand, proven to help: – build a community culture – promote guest interactions  – improve productivity It’s ripe for expansion While you were busy positioning serviced offices as a technology business, Enjoy Work has been consistently fully let to happy ‘guests’ including CBS, Danone, Discovery, Pernod Ricard, Pokemon and Regus You should make the China Investment Corporation an offer for the brand (maybe even the site?) They bought it from Blackstone for £780m in 2013 Enjoy Work: Chiswick Park Enjoy Work: Meatpacking Enjoy Work: La Défense Enjoy Work: Huangpu It still works beautifully Or WeEnjoyWork® as collabs seem to be a thing right now If you want to kick the idea around a bit more you know where to find me #adamneumann #enjoywork #wolffolins #robertjones #corkewallis #chinainvestmentcorporation

🦄 📣 𝐂𝐨𝐧𝐟𝐢𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐨𝐟 𝐖𝐞𝐖𝐨𝐫𝐤’𝐬 𝐩𝐥𝐚𝐧 𝐨𝐟 𝐫𝐞𝐨𝐫𝐠𝐚𝐧𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐦𝐞𝐚𝐧𝐬 𝐭𝐡𝐚𝐭 𝐰𝐞 𝐡𝐚𝐯𝐞 𝐬𝐮𝐜𝐜𝐞𝐬𝐬𝐟𝐮𝐥𝐥𝐲 𝐜𝐨𝐧𝐜𝐥𝐮𝐝𝐞𝐝 𝐨𝐮𝐫 𝐨𝐩𝐞𝐫𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐚𝐧𝐝 𝐟𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐫𝐞𝐬𝐭𝐫𝐮𝐜𝐭𝐮𝐫𝐢𝐧𝐠 𝐚𝐧𝐝 𝐞𝐱𝐩𝐞𝐜𝐭 𝐭𝐨 𝐨𝐟𝐟𝐢𝐜𝐢𝐚𝐥𝐥𝐲 𝐞𝐦𝐞𝐫𝐠𝐞 𝐟𝐫𝐨𝐦 𝐂𝐡𝐚𝐩𝐭𝐞𝐫 11 𝐢𝐧 𝐦𝐢𝐝-𝐉𝐮𝐧𝐞 𝐝𝐞𝐛𝐭-𝐟𝐫𝐞𝐞. Moving forward, our top priority is continuing to provide world-class services, spaces and products to our members, supported by a strengthened real estate portfolio comprising our best and strongest buildings. 🚀 𝐖𝐇𝐀𝐓’𝐒 𝐍𝐄𝐗𝐓 𝐅𝐎𝐑 𝐖𝐄𝐖𝐎𝐑𝐊? WeWork will continue as the leading global flexible space provider. We deliver unmatched global scale, beautifully designed flexible work spaces and exceptional hospitality, all underpinned by our cutting-edge technology solutions. We remain focused on investing in the spaces and services that our members value most, growing sustainably and remaining your trusted workspace partner for many years to come. 𝘔𝘰𝘳𝘦 𝘍𝘈𝘘𝘴 𝘪𝘯 𝘵𝘩𝘦 𝘧𝘪𝘳𝘴𝘵 𝘤𝘰𝘮𝘮𝘦𝘯𝘵 𝘣𝘦𝘭𝘰𝘸 𝘵𝘩𝘪𝘴 𝘱𝘰𝘴𝘵. #workplacedesign #realestate #employeeengagement #collaboration #globalaccess #remote #hybridwork #modernworkspace #fle

Accelerate Success at Quest CoWorks At Quest CoWorks, every element of our workspace is designed to amplify your efforts and enhance your results. Our thriving community and state-of-the-art facilities provide the perfect backdrop for professionals who are driven to excel. What We Offer: Dynamic Spaces: From private offices to open coworking areas, find the space that matches your work style. Full Support: With top-tier amenities and on-demand assistance, your focus remains uninterrupted. Innovative Environment: Surround yourself with the energy of like-minded entrepreneurs and creatives who are just as dedicated and eager to discover as you are. Step into Quest CoWorks, where your drive meets our dedication, and together, we discover new heights of achievement. #QuestCoWorks #AccelerateSuccess #WorkSpaces #DynamicSpaces #PrivateOffices #CoWorking #InnovativeEnvironment #ProfessionalCommunity #TopTierAmenities #WorkSmart #EntrepreneurLife #CreativeWorkspace #AchieveMore #WorkInStyle #OfficeLife #BusinessGrowth #WorkplaceExcellence #TeamQuest #DriveAndDedication #DiscoverSuccess

#WeWork's potential #bankruptcy looms large, sparking questions about its impact on #officevacancy rates. With WeWork's extensive footprint and presence in prime locations, the #coworking giant's struggles could send ripples through the #commercialrealestate market. As the industry watches and waits, the outcome could reshape the way we view office spaces and coworking dynamics. One question remains unanswered, can larger coworking companies ever realize, in practice, the economies of scale that this business should offer in theory? The track record is not good, with WeWork’s failure today following on from #HQGlobalWorkplaces’ collapse twenty-odd years ago. Only #IWG has managed to stay the course, and its performance has been no more than lacklustre for its shareholders. Read the full article here🔗: https://bit.ly/3KMPeu3

We worked... “Just two years after it went public, the once high-flying real estate business WeWork Inc. filed for bankruptcy without ever having figured out how to make flexible workspaces into a profitable enterprise. [..] Instead of boring cubicles surrounded by beige walls, Neumann’s firm promised a fun space to spend time with colleagues, with beer on tap, ping-pong tables and plenty of cushy hang-out spaces for dreaming up the next big thing. In the process, it voraciously snapped up office space around the world, at one point becoming the largest private-sector tenant in cities including New York and London. [..] WeWork was never a conventional business — for a portion of its existence, it operated with a stated mission to 'elevate the world’s consciousness.' But the spiritual ethos, along with high-profile marijuana and tequila consumption by Neumann, didn’t always seem compatible with actually making money. In a matter of months in 2019, the company went from planning an IPO to laying off thousands and procuring a multi-billion-dollar bailout from SoftBank, whose reputation suffered amid bad bets on WeWork and other high-flying tech names.” -  Amelia Pollard, Ellen Huet and Ethan M. Steinberg, Bloomberg (November 7, 2023). #remoteworking #smartworking #flexibleworking See also https://lnkd.in/d6x-KnMy

WeWork might be done for. Today TechCrunch reported that the office rental firm is struggling to survive in a post-pandemic world, with WeWork itself announcing “substantial doubt exists about the company’s ability to continue as a going concern.” This company has been a part of my entrepreneur journey long before I launched my first MVP. During one of my earlier sales roles, I lived in Kent but travelled into London one day a week to be around the buzz of WeWork Southbank. I met many founders such as Oleg Fomenko and heard inspiring stories of people doing extraordinary things. It broadened my thinking and made me believe that I could be an entrepreneur one day, ultimately prompting me to move to London as I believed being in the city would give me a better shot. In 2019 I launched my first presentation analytics startup and despite the monthly cost, I purposefully chose to base myself in a WeWork in Paddington. It gave me a daily routine, made me work twice as hard than I would have done at home and it was there that I might many other inspiring founders (Jamie B. Nicholas Bransby-Williams Tonisha Tagoe FHEA Mark Rushmore to name but a few). I learned so much from this community of founders and owe so much of my journey to them. When I became sick of working from home during my time at Hopin (a fully remote role), WeWork became an outlet to get together with other colleagues once a week and decompress. Have water cooler conversations. See a cool new part of the city. Take a table tennis break. Friday beers. Be human again. So I for one hope it finds a way to renogotiate its leases, increase sales, decrease churn and finally turn a profit to make it through. What’s been your experience of #WeWork?

WeWork is a cautionary tale of what can wrong - but it's also a story of a business leader who took risks, and who, at times, was on top of the world. As it says in the article, in 2010 when WeWork launched the conditions were perfect - but did they adapt as the conditions charged? Arguably not. So when was the last time you really looked at your business - whatever the size; what do you really need to be doing, what do your team spend time on that could be better spent elsewhere. Working with the team at Juggling Octopus is an opportunity to delegate those tasks that are taking up your time to ensure that you are on track, that you can evolve and that you are confident in your future. Oh, and if you need help with looking at what to delegate from a strategic perspective - we're happy to help and chat it through. 🐙 #JugglingOctopus #VirtualAssistant #Adaptability #Flexibility

“Thrilled to share my fantastic experience at WeWork! 🌟 Over the past several months, I’ve found a second home for work with an amazing community, top-notch facilities, and endless networking opportunities. From collaborative spaces to game zones, WeWork has truly redefined my work-life balance. And let’s not forget the coffee – a perfect fuel for productivity! 🚀 How has your experience been? Share your WeWork stories below! 👇 #WeWork #WorkspaceExcellence #weworkindia #CommunityMatters”

😱 Breaking News Alert! 🚨 WeWork, the pioneering co-working firm that reimagined the office space, has just filed for bankruptcy in the US. 😮 This once-promising company has faced numerous financial challenges 😔 that eventually led to this unfortunate outcome. 💔 #WeWork #Bankruptcy The rise and fall of WeWork has been nothing short of a rollercoaster ride 🎢. Many people initially viewed them as the future of work, with their hip office spaces and collaborative environment. ✨ But alas, it seems their ambitious vision couldn't overcome the harsh reality of financial turmoil. As employees, entrepreneurs, and freelancers, we've witnessed the impact WeWork had on the modern workplace. It undoubtedly paved the way for alternative workspaces and encouraged a more flexible, community-centered approach. 🏢👨💼👩💼 However, this turn of events is a reminder that even the most innovative ideas can be vulnerable to economic challenges. 💸 It's a stark reminder that financial stability is just as crucial as creativity when it comes to building a sustainable business. 📈 Let's hope that this serves as a wake-up call for all companies to focus not only on groundbreaking ideas, but also on building solid financial foundations. 💪🏽💰💼 In this ever-evolving world, adaptability and sustainability go hand in hand. Remember, setbacks are just opportunities for comebacks! 💪 #StayStrong #KeepPushingForward #AdaptAndThrive

Is WeWork’s situation an indication of the overall health of the coworking industry? Cynthia Ng from Astro AWANI recently conducted an interview with our co-founders, Stephanie Ping and Andrew Yeow on WeWork’s recent development. Key Takeaways: • The “Grow-at-all-cost” model is not sustainable. In order to survive, especially for startups, we have to focus on the profitability and operational efficiency of the business. • Consistency is key. You cannot chase growth if you do not have consistent profitability. Growth and profitability are synonymous, thus you have to ensure your business generates profit before looking at growth. • How does WORQ grow sustainably? We are demand-driven, we first secure the demand before we expand. This ensures our profitability as we achieve a high occupancy rate before our outlet even opens. • Many corporations are moving to flexible working because of benefits such as easy access to amenities, reduced rental cost and reduced ownership to maintain their office.    • WORQ is able to work with landlords to provide these coworking spaces because we bring in more rental yield, branding and vibrancy into the space. Moreover, we can also provide access to more tenants which the landlord previously did not have.   • WORQ plans to deploy 100k to 150k square feet of our spaces by the next two years. By 2025, we will see 450k square feet available for our clients. Watch the full video by AWANI Review for a deeper understanding. https://lnkd.in/g8re_6pk #CoworkingFuture #FlexibleWorkspaces #BusinessTrends #WORQInsights