Bonus: Closing My Coworking Space (Is Quitting Bad?)

Cubicle to CEO

Ellen Yin

Entrepreneurship, Business, Marketing

5.0 • 580 Ratings

🗓️ 29 March 2023

⏱️ 20 minutes

🔗️ Recording | iTunes | RSS

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Summary

Hear how Ellen opened the Clubhouse on a $7K budget: https://cubicletoceo.buzzsprout.com/820498/11250852-behind-the-business-opening-my-oregon-coworking-space-7-months-ago-on-a-7-000-budgetGet the book mentioned in this episode 'Start More Than You Can Finish: A Creative Permission Slip to Unleash Your Best Ideas': https://amzn.to/3zbL6hg Access the transcript of this episode HERE: https://otter.ai/u/5PKFO2B1YFnu_-jqfnpoS19f87E?utm_source=copy_url If you enjoyed today's episode, please: Leave a positive review or rating at www.ratethispodcast.com/cubicletoceo Sign up for our text notifications at ellenyin.com/superfan so you can be the first to know when a new case study has dropped! Post a screenshot & key takeaway on your IG story and tag us @missellenyin & @cubicletoceo so we can repost you. Follow (+) our show for new episodes every Monday & Wednesday Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Hey, welcome back to another bonus episode of Cubicle to CEO, the podcast where we ask
0:10.9	successful entrepreneurs, the business questions you can't Google. I'm your host, Ellen Yin,
0:16.3	and today I have some bittersweet news to share with you all that may come as a shock to some of you.
0:22.7	But after a year and a half, I have decided to close down my clubhouse at the end of next month.
0:30.0	And for those of you who are new to our community, the clubhouse is my women's co-working space here in Oregon that I officially opened the doors to in
0:40.1	2022. And this decision was not easy. As you can imagine, it was very emotional. It was something
0:47.7	that I had sat with for a few months before finally coming to this decision earlier this week. So I am still
0:56.2	very much in the moment processing everything. So I don't have a whole lot of insights to share with
1:02.8	you in this moment, as I may in a few months or even years down the line. But there is one clear
1:09.8	lesson that has come to light in this decision
1:13.5	that I feel is important to share with you today because it may be encouraging to some of you
1:18.1	walking through a similar season in your life. So let me back up for a second and give you a bit
1:23.3	of context. If you are new to our show or our community and you're curious about the origin
1:30.2	story of the clubhouse, how it came to be, why I decided to open a co-working space here in
1:34.6	Salem, and all of the details that went behind actually building and operating this business,
1:40.0	I will link below an in-depth episode that I recorded earlier last year that covered more
1:46.4	of that starter story.
1:47.7	So that, again, will be below in the show notes if you want to listen.
1:50.5	But as far as what brought me to this decision today, it ultimately came down to me having
1:56.1	to be really honest with myself that I have overextended my capacity to run two businesses, two completely
2:06.4	separate businesses, because the clubhouse is legally a different entity than cubicle to
2:12.7	CEO and this media business. So to be able to run two separate businesses the way that I wanted to
	...

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