Circular economy is a term that THECUBE coined to articulate the benefit of creating economy amongst its members and partners.
As most entrepreneurs who start a business post employment have great contacts, we believe that it is more valuable at the start to create economy for each other based on contacts.
For example, you are starting a business in fashion and you have great fashion industry contacts, you meet a young fashion designer that has developed a great software programme for the industry, which you need. Instead of paying them for their time, why not connect them with valuable industry contacts in exchange for their time. This way its a win/win, you help each other by giving a service but also creating a potential economy.
As a start-up ourselves this has been really valuable to us, we have been able to give away our time in exchange for great IP and contacts, helping us move faster.
We are also working with ‘interns’ who are looking to start a business. They gives their time to help run the business and we give them space and help them lift their start-up off the ground.
About THECUBE
THECUBE coworking space in east London offers its members an affordable office space, in house consultancy, and a diverse community of idea makers.
We also offer meeting space hire and virtual office services.
I totally agree. We’ve seen that in L.A. An SEO team needed more turnkey services for various clients so they enlisted their neighbors for graphic and web design, and other IT back-end programming.