21, launched my first physical business in London. Looking for advice from experienced business owners
I’m looking for mentorship from someone experienced in building and scaling businesses.
The concept is a 24/7 flexible workspace, starting with beauty. Our first London site is 600 sq ft with 7 workstations, bookable by the hour, day or monthly package.
The model is centred around utilisation. At 50%, the site represents 84 booked workstation-hours per day, or roughly £1,300 in potential daily workstation revenue at our standard £15.50 hourly rate.
We’ve built our own booking platform to track occupancy, repeat usage, revenue per workstation and revenue per sq ft. We also generate revenue through full-space hire.
We soft-launched with no paid advertising and generated £3,250 in our first week.
Beauty is the starting point. Longer term, I’m exploring whether the same technology and utilisation model works across other specialist commercial spaces.
I’m looking for a mentor who will challenge my assumptions, point out mistakes and help me think through scaling and unit economics.
If anyone here has relevant experience and would be open to mentoring me, or knows someone I should speak to, I’d love to connect.