Coworking Membership Tulsa at Catalyst Coworking
In 2022, building out my Hotworx 24-hour infrared fitness studio cost me $415,000.
In 2024 with inflation, the minimum dollar amount needed is $700,000 for one of those studios, with $1,400,000 on the upper end.
While my Hotworx studio required specialized equipment, franchise fees, advertising, and three months of working capital, crazy high costs are normal for most businesses looking to get started in today’s market. The high barrier to entry includes:
- Expensive buildouts, often $30,000–$70,000 or more, to customize open spaces into usable offices.
- Responsibility for utilities, maintenance, and unpredictable repair costs like replacing HVAC systems.
- Triple net leases add property taxes, insurance, and maintenance fees on top of rent.
Of course, with any of these, there are exceptions to the rule, but a lot of times as an entrepreneur, you’re not going to find the exception. You’re going to be the rule.
You can finance all of this with SBA loans, which offer low interest rates, but now you’re starting a business with a lot of debt.
Fortunately, there’s a better way to start your business. Here’s how to do it.
1. Choose Coworking Membership Tulsa over traditional leases
A coworking membership in Tulsa caps your minimum fixed costs at a much more achievable number.
For example, a mortgage company client at Catalyst Coworking was paying $3,500 a month at their previous lease, along with taking care of triple net, utilities, cleaning, and unexpected repairs. He also started $60,000 in debt just to get his business going.
By using my coworking space with two full offices, access to all the amenities, and utilities all taken care of, his cost dropped to only $1,250 a month. With the $2,000+ a month he’s saving, he can now invest in improving his equipment, employee training, education, licenses, more ads, and ultimately acquiring new business.
Through a Coworking Membership Tulsa, you gain the finances needed to double down on what’s working in your business so you can grow.
2. Reinvest your savings into better CRM software
With the extra cash from a coworking membership, invest those dollars into superior Customer Relationship Manager (CRM) software to skyrocket your growth.
Using our CRM software at Catalyst Marketing Agency, our clients are growing 25% to 30% year over year. They have automation that communicates with their customers for them, automated reviews, email campaigns, tracking, SEO optimization, website creation, and more. Even their social media is connected, allowing the CRM AI to respond to leads commenting on posts and automatically adding them to their customer list.
All of that for a minimum of $157 a month.
I promise you, you won’t be able to get all of those tools in one place for that cheap. That’s why I built it.
With a powerful CRM software like ours helping you with automation, you will save tons of time, which you can further reinvest into your business through mentorship.
3. Reinvest extra capital from your Coworking Membership Tulsa in business coaching
Reinvesting any extra capital in business coaching will take your business to the next level.
I have worked with a business coach for years, and the ROI was well worth it.
The first year that I worked with a coach was for my gym business, where the majority owner was barely making $1,000 a month for himself. Our income was just beneath $16,500 per month, well below our expenses. But our coach showed us how to run ads, how to optimize our SEO and our marketing, and what to focus on to grow our business.
By the end of the year, the co-owner was making over $3,000 a month in his take-home pay. Our total revenue year over year increased by 50%, and by the time I left a few years later, we were making over $70,000 a month.
A business coach is essential, especially if you’re a startup, because you’re inexperienced and there are so many pitfalls that you can and will make.
Even if you are a seasoned entrepreneur, you should still invest in a business coach. They can teach you how to avoid the mistakes you’ll make when you scale and help you to make smarter decisions. You will save and make a lot more money.
I’ve seen this firsthand as a business coach, helping startups and seasoned business owners alike turn their challenges into opportunities to grow and make more money. If you’re ready to rethink how you launch or scale your business, a Coworking Membership Tulsa could be the turning point you’ve been looking for.
If you need to pick an expert’s brain on growing or starting your business, chat with me here.
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