Franchise Spotlight: Kyle Timmons

Tell us a little about your background

After college, I worked for 10 years as an actuary for insurance companies before leaving to work on my own as an actuarial consultant while staying at home with our children as a stay-at-home dad. Eventually, I started my own mediation company and provided a wide variety of mediation services for businesses, litigants, divorcing couples and EEO complainants. While meditating, I became a member of Office Evolution, eventually retiring from the mediation business and purchasing with my wife OE franchises for the Southeast Valley of the Phoenix area.  Married, two allegedly grown kids, one dog.

What makes you unique?

The variety of jobs that I have had. Everything from janitor to farmhand, ironworker to an actuary, stay-at-home dad to a mediator and now once again, entrepreneur. 

Why did you decide to open an Office Evolution franchise?

At the time we saw OE as an opportunity to provide investment and retirement income on an ongoing basis as we neared and entered retirement.

Tell us a bit about your Business Center Manager

Rebecca Alden, is the true heart of Office Evolution Phoenix. I met her through someone I knew at the Chamber of Commerce who happened to be her boyfriend. She interviewed, was hired and the members of OE Phoenix love her. She is always super helpful to them and has an infectious laugh and personality that brightens everyone’s day. She also has an extensive background in retail sales that helps her help our members find just the right fit for them and their business. 

Tell us a bit about your members

We have a huge variety of occupations and businesses represented at OE Phoenix. Programmers, bookkeepers and accountants, attorneys, audiologists, engineers, therapists and counselors, hair products, renewable and recycling products, financial advisors, tech companies, a kids’ taxi service and many more. One of the best advantages of being a franchisee is watching the culture and relationships of our site develop.

What makes your location unique?

We are located in the very southern part of Phoenix which is known as Ahwatukee. Ahwatukee has been described as the world’s largest cul-de-sac as it has traditionally been a neighborhood with very limited access to two major interstates. The approximately 85,000 people that live in Ahwatukee have high regard for their neighborhood yet are very, very welcoming to any and all newcomers. Due to our proximity to interstate highways, we also draw from a large number of neighboring communities in the valley. 

How were you able to see success?

I would not say we have seen success to date with our location but continue to make slow progress toward that goal. We will see success when as a location we are realizing real returns on the investment we have made.

Advice for future Office Evolution franchise owners?

Above all else, hire the right BCM. Work and understand your Proforma calculations backward and forwards, worst-case to best-case and everywhere in-between and know your numbers.

Be very conservative in your assumptions for development, sales, and expenses.

Find the right location at a good or great deal, don’t be too anxious and agree to a bad deal.

 

A/C Out? Leverage Private Workspaces to Keep Your Cool This Summer

A/C Out? Leverage Private Workspaces to Keep Your Cool This Summer 

As a freelancer or solopreneur, you’ve spent countless hours figuring out every little piece of your business. You know your product inside and out, have a target market, a business strategy, and a plan for everything from marketing to distribution.  

One detail that often goes overlooked is what to do when something unexpected happens to your office, and you need a temporary space to work. 

It might not happen often, but things do happen that can force you out of the comfort of your home office. 

Ideally, you’ll always have a backup plan in mind when the worst-case scenario strikes. Many companies include the use of temporary office space so that when the need arises, they aren’t left scrambling to find a solution. Planning ahead can help you save money, time, and plenty of frustration in the long run. 

Discover the advantages of temporary office space here. 

Coworking franchisor lands in Folsom, looks at Roseville

Coworking franchisor lands in Folsom, looks at Roseville

A company touted as the largest franchise coworking operator in the U.S. has jumped into the Sacramento region, with one location finalized and another in the works.

Marcus and Jennifer Cain are the local co-owners and operators for Office Evolution, which has leased 7,200 square feet at 50 Iron Point Circle in Folsom.

Because it’s franchised, Marcus Cain said, there’s a group of people he can reach out to once Office Evolution opens in Folsom in November.

“You can tackle some of the same problems they’ve had and you have people you can rely on,” said Cain of Louisville, Colorado-based Office Evolution. The company was founded in 2003, began franchising in 2012 and now has 64 locations open and almost 80 more under development.

In Folsom, Office Evolution will have enough space for 28 to 30 private offices, along with conference rooms and membership options for drop-in workspace, a business address for mail and an answering service.

Both national and local coworking firms have moved into the region or expanded in the last year. But Cain said Office Evolution has its own niche: local entrepreneurs in more suburban locations rather than corporate outposts or urban areas.

At 50 Iron Point Circle, the benefit is visibility from nearby Highway 50 and proximity to both other offices and Folsom’s Palladio at Broadstone shopping center, he said. Folsom was actually the second place Cain and his wife planned to open Office Evolution, but it became the first after a year of searching in their own city, Roseville, didn’t result in a good option.

“We kissed a lot of frogs,” he said, adding they’ll pick up the Roseville search again, for space of up to about 10,000 square feet, after the Folsom location is up and running. “The market’s got to get a bit better there. Just now we’re on a short pause.”

Counting the Cost of Your Office Space Choices

Counting the Cost of Your Office Space Choices

Budgeting for office space in Office Evolution isn’t always intuitive. Many companies use a general rule of 100-150 square feet per employee and work backward, but that isn’t always the best rule to use. In addition to the size of the space, things like layout, amenities, and share areas should also be factored into your decision.

When you’re determining how much you’re paying for an office, it’s important to consider more than just the rent. Taking into account the price you pay per square foot, in terms of both usable and rentable space, is a good start. You also need to consider how much you’ll need to spend to get your office ready for business, as well as how much your landlord is charging you for maintenance, taxes, and other expenses.

Many companies have found it more financially favorable to use a coworking space instead of a traditional office because of the costs involved. Rather than negotiating lease terms, paying for more space than you need, and having to spend thousands of dollars on renovations and furniture, you pay a flat fee that’s a fraction of the cost of what you’d expect to pay with a traditional office.

Here’s how you can do a quick cost analysis for yourself and see how the numbers stack up. Read more.