A common question I often receive when working with a client is, “I love the COG Space idea, but, how can it help me?” This makes perfectly good sense, especially to the small business owner.
Let me answer this question by demonstrating where the COG Space adds value to small businesses and startups:
1. Cost Reduction
Whether it’s office space, resources, or even bulk purchasing of parts or labor, the COG Space offers an opportunity for small businesses to save money and increase their bottom line. The main opportunity is through resource, product, or service sharing rather than traditional one-size-fits all consumption. Think a collaborative ownership model, where resources are spend money on what you actually need, rather than buying the whole sum. For example, group purchasing of liability insurance rather than single coverage.
2. Shared Services
All businesses have a need for typical adminsitration functions of an organization like accounting, financials, marketing, social media, etc. However, most organizations don’t have the time, expertise, or know-how to execute their admin funciotnality properly. The COG Space connects members to those who specialize in their respective admin areas. The added value here is that a small business shouldn’t spend their precious doing something they’re really aren’t good at. The COG Space has already built a roster of trusted resources or organization that can support small businesses and startups. For example, connecting a COG Space member to an accountant or legal advisor.
3. Small Business Accelerator
Members of the COG Space have an opportunity to apply and particiapte in a formal accelerator program. The six week journey matches participants with business advisors and mentors with the intent of achieving targeted goals. Each participant is partners with the COG Space to crowd-source the associated tuition and plan theirs goals of the program.
Depending on the needs of the community, the COG Space organizes ongoing educational events. For example, a workshop on DIY public relations or a how-to session on managing a positive social media presence.
Happy hours! The COG Space delievers monthly happy hours for members with the intent on connecting the dots. Think world café Portland style. Get a chance to have a conversation with other members of the bike community and make fruitful connections.
In addition to the intangible conversations that occur at the COG Space, members also have access to the partnership/skill share board. This is creates a unique opportunity for members to build mutually benefical relationships.
Whether it’s coaching other businesses, adovocating for social change, or improving the society’s quality of life, members at the COG Space have a direct impact on the community. Be at the center of innovation for America’s cycling industry in Portland’s backyard.