The Paper Clinic
Though many businesses today are able to scale without a physical address, in most cases the virtual world gives way to the realities and necessities of an actual physical location. The dynamics of having meeting space to confer with clients and team members is an essential component in establishing and growing a small business. Yet, with office space commanding rents that are at an all-time high, that cost could sink a start-up versus catapulting its success. That is where The Paper Clinic provides a unique and much-needed alternative. The Paper Clinic (located at 7341 Office Park Place in Melbourne) aims to create an environment where professionals (CPAs/accountants, attorneys, business consultants, insurance agents, etc.) can start their business affordably, while also facilitating business connections and having access to critical resources and mentorship.
Members of the workspace can choose from a portfolio of options ranging from just $100. This includes the use of conference rooms and shared workspace, to a private closed office for under $1,000. These come complete with executive desks and a window overlooking a fountain or woodland.
Writing in Forbes, Larry Alton said, “Back in 2007, co-working spaces were almost unheard of, with only 14 documented in the United States. Now, there are more than 11,000. The industry is projected to see more than 26,000 spaces hosting 3.8 million people by 2020.”
Experts agree, one of the major factors energizing this trend is the emergence of millennials in the professional world. They are becoming entrepreneurs in record numbers and are building and joining startup spaces. So, what is the appeal?
Lower costs. These spaces are typically far less expensive than their full-office counterparts. In addition, they offer fewer responsibilities. Ammenities like cleaning, maintenance and utility overhead are taken care of by the building’s owners. One of the biggest advantages cited are networking opportunities. There are a variety of individuals using the space, it is ideal for meeting new people. This is especially true to social millennials looking to expand their professional network.
Idea To Realization
The labor pains that birthed The Paper Clinic came out of the experience Blake and Desiré Stewart had when Blake was building his law practice. “Blake started in our house. It took quite a while before we could afford an office with a receptionist,” explained Desiré. “We knew there were a lot of young professionals building their businesses who needed office space but struggled to cover the overhead expense.”
Desiré thought it would be a project she might work on when she retired. Instead, she and her husband were discussing the problem at a party when a developer offered to partner with them on a property he had. Desiré took hold of the opportunity, and in a relatively short time, they transformed the space into The Paper Clinic. They are already making plans to expand as the national trend gains traction here in Brevard.
“Back in 2007, co-working spaces were almost unheard of, with only 14 documented in the United States. Now, there are more than 11,000, and we’re projected to see more than 26,000 spaces hosting
3.8 million people by 2020.”
Larry Alton, Forbes