Archive for May, 2009

Office Space: A Recession-Time Boom

Friday, May 15th, 2009

The recession has definitely provided an opportunity for people (myself included) to freak out. With massive layoffs, high unemployment rates, plummeting real estate values, and streets lined with shuttered storefronts—just to name a few of the recession’s impacts—who wouldn’t be worried? But, as much as the recession has created a hostile environment for economic and business development for many, it has also created opportunities for others.

One such “other” is business center companies (also known as executive suites) which offer small office spaces or even cubicles for rent—for both short and long term lease—and usually offer Internet and telephone access as well as other support services.  Some of these companies include: Green Desk, Wurk Environments, Rockefeller Group Business Centers, and Regus Group.

A NY Times article’s title on the growth of this sector during the recession, “For Tight Times, Office Space on Flexible Terms”, says it all: due to a new set of circumstances (i.e., lack of financial and job security), businesses and entrepreneurs are looking to low risk, low investment, creative, and affordable solutions to their everyday business operations.

Green Desk “really simplified the process of opening an office,” Mr. [John] Humphrey [co-founder of Sustainable Energy Partners, which operates out of Dumbo's Green Desk] said. “Sizing is flexible–if I grow, I can move into a larger space. And they handle office stuff, like receiving packages and making sure the Internet and phone work.”

Green Desk’s other tenants include “a calligrapher, a tour operator, an investment manager and a fashion designer.” Flexible office space is an obvious choice for entrepreneurs and new small business owners–whose numbers have been growing due to large layoffs. Small Business Labs’ top ten list, “2009 Top 10 Small Business Trends”, includes (#1) The Recession Drives Small Business Innovation and (#7) Generation Y Will Turn to Small Business, as well as:

(#4) The Number of Small Businesses Will Increase in 2009: With job losses high and traditional employment options limited, many will turn to self-employment and small business in 2009. The prior three recessions have seen small business formation rates increase. And with it easier and cheaper than ever to start small or personal businesses, we expect a strong year for small business formation – especially personal businesses. Failure rates will also increase, but not enough to offset the number of new small and personal businesses.

These three factors contribute to a growing market for flexible and affordable, yet modern office space. (See the rest of the top 10 for more information on small business trends during the recession.) Not only are these trends indicators of what small businesses should be doing now (for example, being innovative), but they also provide a description of a new, perhaps more resilient business market: (in the case of the three listed above) a potential business client in 2009 is innovative, young, and small.  So what should businesses be doing? After begrudging the fact that business is bad, unemployment is high, layoffs are occuring left and right, real estate is down, and the business next door shut its doors–businesses should re-calibrate in order to take advantage of the new opportunities and trends that have grown out of the recession.

Be cool: Skateboarding in Afghanistan

Friday, May 8th, 2009

Even though I can’t skateboard, I have always been fascinated by skateboarding. Why? It’s definitely not because I fancy the idea of speeding down concrete on a slab of wood with wheels, exposed to road rash, gashes, and broken bones. It’s because skateboarding is cool. I think so and so do kids and teens.

This is the reason why I am particularly interested in organizations that have inserted “coolness” into their equation for addressing youth development. Being cool does two things: (1) It’s great marketing. Everyone wants to be a part of something that is cool. (2) It’s great program development. It shows that your organization is carefully listening to its audience. Things are considered “cool” because people are interested in them and therefore more likely to be invested in participating, resulting in service delivery and mission fulfillment.

I first read about Stoked in Time Out New York’s Cause of the Week (which, as a side note, I think is an awesome feature). Stoked is a “nonprofit action sports organization for at risk youth with the mission of developing successful teens with opportunity, knowledge, experience, and determination through the use of action sports, mentoring, and coaching.”

Stoked offers a one-year program that matches pre-screened mentors and mentees–who agree to meet a minimum of 4 hours per month and receive ongoing training and coaching by Stoked Program Managers. During the year, mentoring pairs skateboard, surf, and snowboard–what could be cooler than that? Operating out of both Los Angeles and New York City, Stoked gives urban American youth an opportunity to participate in very cool, skill-based, and age-appropriate activities that often have barriers to entry (i.e., equipment, transportation, knowledge).

On the other side of the Atlantic Ocean, a 34-year-old Aussie skateboarder, Oliver Percovich, unintentionally discovered, while skateboarding around Kabul, that Afghan youth think skateboarding is cool too. The New York Times article, “Skateboarding in Afghanistan Provides a Diversion from Desolation,” describes Percovich’s mentorship to Afghan youth who have shown an interest in skateboarding. After a couple years of showing up to an empty concrete fountain with half a dozen skateboards strapped to the back of his motorcycle, Percovich started Skateistan, Afghanistan’s first co-ed skateboarding school that “engages the growing numbers of urbanized youth through skateboarding and provides new opportunities in cross-cultural interaction and education.”

The construction of Skateistan’s 1,750 square meter indoor skate complex is underway and will include professionally-manufactured ramps, two classrooms, girls’ and boys’ locker rooms, an office, and a canteen. Skateistan’s “About Us” page is particularly impressive and clearly outlines the organization’s mission and philosophy as well as the need for youth development programming in Afghanistan. They also nail the question “What are the benefits of skateboarding to youth?” right on the head:

Skateboarding in a non-competitive global sport requiring minimal supervision and resources. Achievements in skateboarding are individual and depend on balance, creativity and personal expression. Skating can be practiced anywhere there is a smooth surface and gets young people active and engaging with each other.

Both Skateistan and Stoked are using skateboarding (and in Stoke’s case snowboarding and surfing) as a means to an end: the positive development of youth. And, much of the brilliance in this approach is its irony: that skateboarding for a long time was associated with a subversive, delinquent and rebellious subculture–which made it cool.