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<\/figure>\n\n\n\nThey overestimate (or underestimate) how fast they\u2019ll grow<\/strong><\/h3>\n\n\n\nLeaders have to juggle a lot of factors to get their head count and available office space to match up. Say you\u2019re growing fast and have determined that you can hire 100 people between now and the end of the year. But because recruiting takes a while and the labor market is tight in your area, you end up hiring only 40. Now you\u2019ve got rows and rows of empty space that you\u2019re paying for.<\/p>\n\n\n\n
It can work the other way, too, of course. Circumstances can turn your way and suddenly you\u2019re growing faster<\/a> than you anticipated\u2014and you need more space to fit everyone in. Either way, there\u2019s a big margin of error in estimating the time it will take for your company to grow. <\/p>\n\n\n\nThey overcommit based on an optimistic view of the future<\/strong><\/h3>\n\n\n\nCongratulations, you just got a big round of funding! It’s worth celebrating\u2014but as tempting as it may be to also grab a flashy new office space, it\u2019s best to slow down.<\/p>\n\n\n\n\n\n
Companies that are growing fast and are flush with cash tend to overcommit to office spaces<\/a>. Either they get more space than they actually need or they sign a long-term agreement that locks them in for years. And when business conditions change, they\u2019re stuck with the outcome of a very expensive ego-driven decision. <\/p>\n\n\n\nThey underestimate the time it takes to move in<\/strong><\/h3>\n\n\n\nFinding a new office takes a lot longer than most people realize. It\u2019s not uncommon for the entire process to take a year or more<\/a> from the time you pick a location until you sit down at your new desk.<\/p>\n\n\n\nEach step along the way is complicated and involves multiple parties. To begin with, other companies are looking at the same spaces you are. There are only so many buildings, and the competition can be fierce to get into the most desirable areas.<\/p>\n\n\n\n
Working with a broker and negotiating terms<\/a> with a landlord for a suitable building may take three to six months. And that’s before you even start talking with architects, interior designers, and construction firms. For executives accustomed to moving quickly, that can be frustrating.<\/p>\n\n\n\nThey don\u2019t have enough people managing the move<\/strong><\/h3>\n\n\n\nGrowing companies don’t often have someone whose job is dedicated to managing their real estate portfolio. Your business may not have much of a portfolio at all yet\u2014possibly one or two locations. So the task falls to someone who already has a full-time job<\/a>, typically the office manager or chief financial officer.<\/p>\n\n\n\nIf you\u2019ve ever remodeled your house, you know what this is like. Meeting with contractors and managing bids starts to feel like a full-time job, and it distracts you from your real <\/em>job. In the end, it takes longer than you wanted, it costs more, and you may not be happy with the results.<\/p>\n\n\n\nThey see real estate as a fixed expense<\/strong><\/h3>\n\n\n\nMost people see real estate deals as fixed: You sign up for a lease and you know what your rent is for the next 10 years. But who needs a 10-year lease when your planning cycles rarely go beyond one year? With WeWork, real estate can be a flexible expense<\/a>. You will always have options to reduce or expand the terms of the agreement, change how you use the space, and more. <\/p>\n\n\n\nIt can be hard to prevent the mistakes that hypergrowth companies make with real estate, but we believe there is a solution. <\/p>\n\n\n\n
At WeWork, we believe there\u2019s a better way forward. We provide flexible spaces that fit the size of your growing company. We help you spend your money smarter to free up capital to invest in your business.\u00a0Get in touch to learn more about our real estate solutions for hypergrowth companies.<\/p>\n\n\n
They overcommit based on an optimistic view of the future<\/strong><\/h3>\n\n\n\nCongratulations, you just got a big round of funding! It’s worth celebrating\u2014but as tempting as it may be to also grab a flashy new office space, it\u2019s best to slow down.<\/p>\n\n\n\n\n\n
Companies that are growing fast and are flush with cash tend to overcommit to office spaces<\/a>. Either they get more space than they actually need or they sign a long-term agreement that locks them in for years. And when business conditions change, they\u2019re stuck with the outcome of a very expensive ego-driven decision. <\/p>\n\n\n\nThey underestimate the time it takes to move in<\/strong><\/h3>\n\n\n\nFinding a new office takes a lot longer than most people realize. It\u2019s not uncommon for the entire process to take a year or more<\/a> from the time you pick a location until you sit down at your new desk.<\/p>\n\n\n\nEach step along the way is complicated and involves multiple parties. To begin with, other companies are looking at the same spaces you are. There are only so many buildings, and the competition can be fierce to get into the most desirable areas.<\/p>\n\n\n\n
Working with a broker and negotiating terms<\/a> with a landlord for a suitable building may take three to six months. And that’s before you even start talking with architects, interior designers, and construction firms. For executives accustomed to moving quickly, that can be frustrating.<\/p>\n\n\n\nThey don\u2019t have enough people managing the move<\/strong><\/h3>\n\n\n\nGrowing companies don’t often have someone whose job is dedicated to managing their real estate portfolio. Your business may not have much of a portfolio at all yet\u2014possibly one or two locations. So the task falls to someone who already has a full-time job<\/a>, typically the office manager or chief financial officer.<\/p>\n\n\n\nIf you\u2019ve ever remodeled your house, you know what this is like. Meeting with contractors and managing bids starts to feel like a full-time job, and it distracts you from your real <\/em>job. In the end, it takes longer than you wanted, it costs more, and you may not be happy with the results.<\/p>\n\n\n\nThey see real estate as a fixed expense<\/strong><\/h3>\n\n\n\nMost people see real estate deals as fixed: You sign up for a lease and you know what your rent is for the next 10 years. But who needs a 10-year lease when your planning cycles rarely go beyond one year? With WeWork, real estate can be a flexible expense<\/a>. You will always have options to reduce or expand the terms of the agreement, change how you use the space, and more. <\/p>\n\n\n\nIt can be hard to prevent the mistakes that hypergrowth companies make with real estate, but we believe there is a solution. <\/p>\n\n\n\n
At WeWork, we believe there\u2019s a better way forward. We provide flexible spaces that fit the size of your growing company. We help you spend your money smarter to free up capital to invest in your business.\u00a0Get in touch to learn more about our real estate solutions for hypergrowth companies.<\/p>\n\n\n
They underestimate the time it takes to move in<\/strong><\/h3>\n\n\n\nFinding a new office takes a lot longer than most people realize. It\u2019s not uncommon for the entire process to take a year or more<\/a> from the time you pick a location until you sit down at your new desk.<\/p>\n\n\n\nEach step along the way is complicated and involves multiple parties. To begin with, other companies are looking at the same spaces you are. There are only so many buildings, and the competition can be fierce to get into the most desirable areas.<\/p>\n\n\n\n
Working with a broker and negotiating terms<\/a> with a landlord for a suitable building may take three to six months. And that’s before you even start talking with architects, interior designers, and construction firms. For executives accustomed to moving quickly, that can be frustrating.<\/p>\n\n\n\nThey don\u2019t have enough people managing the move<\/strong><\/h3>\n\n\n\nGrowing companies don’t often have someone whose job is dedicated to managing their real estate portfolio. Your business may not have much of a portfolio at all yet\u2014possibly one or two locations. So the task falls to someone who already has a full-time job<\/a>, typically the office manager or chief financial officer.<\/p>\n\n\n\nIf you\u2019ve ever remodeled your house, you know what this is like. Meeting with contractors and managing bids starts to feel like a full-time job, and it distracts you from your real <\/em>job. In the end, it takes longer than you wanted, it costs more, and you may not be happy with the results.<\/p>\n\n\n\nThey see real estate as a fixed expense<\/strong><\/h3>\n\n\n\nMost people see real estate deals as fixed: You sign up for a lease and you know what your rent is for the next 10 years. But who needs a 10-year lease when your planning cycles rarely go beyond one year? With WeWork, real estate can be a flexible expense<\/a>. You will always have options to reduce or expand the terms of the agreement, change how you use the space, and more. <\/p>\n\n\n\nIt can be hard to prevent the mistakes that hypergrowth companies make with real estate, but we believe there is a solution. <\/p>\n\n\n\n
At WeWork, we believe there\u2019s a better way forward. We provide flexible spaces that fit the size of your growing company. We help you spend your money smarter to free up capital to invest in your business.\u00a0Get in touch to learn more about our real estate solutions for hypergrowth companies.<\/p>\n\n\n
Each step along the way is complicated and involves multiple parties. To begin with, other companies are looking at the same spaces you are. There are only so many buildings, and the competition can be fierce to get into the most desirable areas.<\/p>\n\n\n\n
Working with a broker and negotiating terms<\/a> with a landlord for a suitable building may take three to six months. And that’s before you even start talking with architects, interior designers, and construction firms. For executives accustomed to moving quickly, that can be frustrating.<\/p>\n\n\n\n Growing companies don’t often have someone whose job is dedicated to managing their real estate portfolio. Your business may not have much of a portfolio at all yet\u2014possibly one or two locations. So the task falls to someone who already has a full-time job<\/a>, typically the office manager or chief financial officer.<\/p>\n\n\n\n If you\u2019ve ever remodeled your house, you know what this is like. Meeting with contractors and managing bids starts to feel like a full-time job, and it distracts you from your real <\/em>job. In the end, it takes longer than you wanted, it costs more, and you may not be happy with the results.<\/p>\n\n\n\n Most people see real estate deals as fixed: You sign up for a lease and you know what your rent is for the next 10 years. But who needs a 10-year lease when your planning cycles rarely go beyond one year? With WeWork, real estate can be a flexible expense<\/a>. You will always have options to reduce or expand the terms of the agreement, change how you use the space, and more. <\/p>\n\n\n\n It can be hard to prevent the mistakes that hypergrowth companies make with real estate, but we believe there is a solution. <\/p>\n\n\n\n At WeWork, we believe there\u2019s a better way forward. We provide flexible spaces that fit the size of your growing company. We help you spend your money smarter to free up capital to invest in your business.\u00a0Get in touch to learn more about our real estate solutions for hypergrowth companies.<\/p>\n\n\nThey don\u2019t have enough people managing the move<\/strong><\/h3>\n\n\n\n
They see real estate as a fixed expense<\/strong><\/h3>\n\n\n\n