“Oasis Enterprise lets building owners deliver what their customers increasingly are looking for: a hub-and-spoke office option that offers a consistently high-quality experience across satellite locations,” said Jamie Hodari, Co-Founder and CEO of Industrious. His first company became Kepler. Opinions expressed by Forbes Contributors are their own. © 2021 Forbes Media LLC. You just have to show them that you are the best. But there’s a lot of questions around whether that’s sufficient, and whether it’s less about that and more about air circulation, and disinfecting contact points, and protocols for shared spaces. The long term impact is, I think, this is going to accelerate the way companies have organized their workforces over the last 20 or 30 years. If that headquarters was in Armonk, New York, tough luck. Having other competitors in the market making that case at the same time, running digital ads against that, getting press against that, people show up at meetings at one of those competitor spaces all open their eyes to the possibility. Justin was running the U.S. arm of a Chinese Real Estate company and was working in a shared workplace provider with very similar experiences. And what kind of engagement are you seeing from your members in these virtual services? Jamie Hodari, Industrious chief executive officer, discusses the company's competitive environment and expansion plans with Bloomberg's Caroline Hyde, … So that’s the part that I think is getting the most love right now. In terms of [tactical] intervention, you need to minimize the chance that someone with COVID enters the work environment in the first place. “There’s little to no skepticism about … I am an active speaker and have given guest lectures at the Wharton School of Business, Columbia Business School, and at NYU Stern School of Business. Happy 2021! "About eight weeks ago, companies said to us that once things reopen, people will want to go to work but no one wants to go to work five days a week," Industrious CEO Jamie Hodari said In the average workplace, the work environment is shared. You want to create distance between employees and I think that’s probably where most attention has been paid today. They don’t start with the fundamental question of why would someone want to return to work in the first place? You may opt-out by. Given the amount of effort it seems it would take to really get people to be working again from the office and the fact that currently, people are managing their businesses from home, why won’t businesses just keep working from home until this is truly over? So we’ve become a particularly important partner in navigating all of it. There are very few challenges you're going to face that a thousand people haven't already faced before. Listen in to the full podcast episode to find out more, including: I am a serial entrepreneur and the author of the The Art of Startup Fundraising. This certainly not only applies to customer acquisition but raising venture capital too. It’s the easiest to visualize, it’s easiest to write an article about, and it’s the easiest for landlords and for the CBREs of the world to talk about, because that’s a space problem, and landlords and real estate services firms are in the business of space. Where a lot of spaces are opening up in highly amenitized beautiful retail spaces. They were struggling to manage everything going on in their life in a way that didn’t feel unsustainable. Industrious' co-working space will join the mix in January. Brooklyn's Wythe Hotel has teamed up with workplace designer Industrious to create rentable offices in its guest suites to cater to those who are … Right now, the company’s focus is primarily on serving our members virtually. The return to work is going to be very complicated. They had a good fit in terms of skill sets. Founded in 2013 by Jamie Hodari and Justin Stewart, the company provides members with stunning offices, inviting hospitality, and inspiring communities. Industrious is the premium coworking company of choice. I’ve always found that the best founders are not the best visionaries or people that just sell, sell, sell. With a foreword by ‘Shark Tank‘ star Barbara Corcoran, and published by John Wiley & Sons, the book was named one of the best books for entrepreneurs. He attended Columbia, Harvard, and Yale. Commercial Observer caught up with Hodari to hear about how Industrious is engaging with their members now, how they’re prepping for the return to work, and the lasting ways in which pandemic will change the way we work. They ended up getting 600 applications for their first coworking spaces before they even opened their first 60-something spots. The office — on your terms. That prospect does excite some rivals. Industrious CEO Jamie Hodari (pictured) told PitchBook that he expects his company to become profitable as early as 1Q 2020. Despite crossing a lot of early business ideas off the list due to others becoming the first movers, Jamie Hodari has come to appreciate the value of competition, and even moving into town with them. "Our offices were in a shared space and one day, I had an extremely important meeting with the president of our largest funder." Jamie Hodari is CEO and co-founder of Industrious, a national coworking and workplace-innovation company. We have an entire program in place called Continuous that is a wrapper for all of our COVID-19 response initiatives, and it involves everything from virtual assistance for our members, work from home kits, Slack communities for all of our locations that enable people to stay connected. Prior to CoFoundersLab, I worked as a lawyer at King & Spalding where I was involved in one of the biggest investment arbitration cases in history ($113 billion at stake). Tuition was just $1k a year, with IKEA becoming a big funder for the initiative. Without that, you are spending a lot more time and money on customer education, on describing why they would want to work with you in the first place before you ever get to why you should be the partner they pick. It’s funny, it’s been surprising the degree to which supporting customers virtually has resembled supporting customers in person. Most recently, I built and exited CoFoundersLab which is one of the largest communities of founders online. A native of Detroit and a self-professed night owl who finds his most productive times are from 11:30 a.m. until 2 a.m., Hodari holds a J.D. How do you figure out how to minimize distractions, keep up energy levels and focus on what can be a really complicated way to be working? So I think you’re gonna see the shift to workplaces-as-a-service probably accelerate coming out of this crisis relative to what would have been the trajectory before. Nobody can credibly say right now, “We got this, this is gonna be easy.” That being said, outside of Google and Facebook and the Goldman Sachs of the world that have 18-person disaster planning teams and all the resources in the world. By comparison, WeWork lost more than $1 billion last year. There will be a negative impact of what looks to be a protracted recession, including customers who are shrinking or who go out of business altogether. Kepler reversed the lecture-homework standard, creating video-based lectures at home, and group exercises at school. Looking ahead at the return to work, what are you working on now to prepare for the transitionary period as we move from working from home full-time to going back to the office? With a foreword by ‘Shark Tank‘ star Barbara Corcoran, and published by John Wiley &…. | Industrious is the largest premium flexible workspace provider in the U.S. with over 95 locations in more than 50 cities. We have an entire program in place called Continuous that is a wrapper for all of our COVID-19 response initiatives, and it involves everything from virtual assistance for our members, work from home kits, Slack communities for all of our locations that enable people to stay connected. What’s next for hardware, software, and services. He continues to love education and hasn’t ruled out going back to it one day. The vast majority of Kepler’s headcount was in East Africa. Last week L.L. Industrious is now even putting co-working spaces in malls. It’s good to get tactical and start focusing today on what the actual set of interventions are going to be, but for most businesses, they haven’t yet even set up a strategic plan to navigate this. Our professional atmosphere and thoughtfully-designed workspaces can accommodate companies of all sizes and stages — from startups to Fortune 500s. This mass national natural experiment with the entire country, or, all white-collar office workers working from home for months at a time, is going to dramatically accelerate that shift. I think the best plans are going to start and end with what is different about a workplace than working from home, what are the reasons someone would want to return to that kind of environment? Read the latest edition of the Commercial Observer online! In his exclusive interview on the DealMakers Podcast , Hodari streamed us his scoop on the future of work … In his exclusive interview on the, The pros and cons of a lawyer brain in entrepreneurship, Fundraising and relationship building with investors, Why managing people is 90% of your business’ success, America's Top Givers: The 25 Most Philanthropic Billionaires, EY & Citi On The Importance Of Resilience And Innovation, Impact 50: Investors Seeking Profit — And Pushing For Change, Looking Past The Pandemic: ESOPs, Employee-Ownership Companies Set To Outperform In Anticipated 2021 Recovery, How A Cook From NYC Turned His New Restaurant In Arkansas Into A Pandemic Haven, Diverse Teams Help Leaders Evolve, Especially In Troubled Times, 4 Hot SaaS Startups That Are Paving The Way For Effective Remote Teams. It's people that are really good at storytelling. And the interaction points are private, like the meeting room, the cafe, etc. Jamie Hodari, chief executive of Industrious, a rival co-working business, said Mr. Neumann had tried hard to tempt his customers away. He says going to markets where you have other players actually works in your favor. It’s basically focused on how to make working from home a less isolating, more productive and engaging experience. But This Alexandria Baker Wasn’t About To Let Her Employees Down. (Source: Bloomberg) Industrious | 28,640 followers on LinkedIn. It’s moments like this that most powerfully push companies away from saying, “This is something I should be doing myself,” to think, “This is something I should hand off to an expert.”. One way to think of it is in a co-working space, your workspace, where you spend 90 percent of your day is private, and the shared experiences are shared, but you can turn those off. First of all, companies need a plan. 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