Upstate entrepreneurs discover that the office space revolution can be rewarding – and costly
Once confined to megacities, coworking spaces are nothing new to the Upstate. They showcase the region’s burgeoning entrepreneurial community, they support new business with low-cost office space options and build startup culture, according to the people who run them.
They also tend to be the opposite of lucrative.
“If you’re trying to make money, it’s not a good business to be in,” said Chris Merritt, one of the coordinators behind CoWork, one of the first such businesses in Greenville. The 25-desk space has always been self-sustaining financially, but neither Merritt nor cofounder Matthew Smith get paid to coordinate everything involved in keeping the lights on.
“We’re not compensated for that, and that never really was our goal,” Merritt said. “We’re at a point of saturation that the bills are paid and we love the folks we work with. If someone leaves … we’re not pulling out our hair.”
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