When It's Time to Own Your Space

It’s a question many business owners eventually face…does it make more sense to own commercial space or rent it? Both arguably have equal pros and cons. In this episode I talk to Jenny Poon, founder of eeko studio and Co+Hoots, about her decision to purchase the next space that is soon to become the new home of Co+Hoots. She talks about what ultimately drove their decisions and some of the biggest hurdles they had to overcome on the road to securing the building. Jenny also talks about the need to get creative around the loan structures and even funding the building…they launched a crowdfunding campaign (check it out!). Show references: Co+Hooots I'm in Co+Hoots Crowdfunding Campaign Quote of the Week: “Success is simple. Do what’s right, the right way, at the right time. ~ Arnold Glasow Next week I’m in the lab with Nick Loper, founder of Side Hustle Nation. We talk all things side hustle of course! Be sure to tune! Until then, have prosperous week!