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WeWork could have been successful if they focused on the core business and operated lean and mean. While they didn’t invent the co-working space model there wa
by code4tee 7y ago
WeWork could have been successful if they focused on the core business and operated lean and mean. While they didn’t invent the co-working space model there was certainly room to improve it.
However the company was just simply not run very well, was very unfocused on all sorts of random side businesses/acquisitions, and was massively bloated in terms of its team.
Ultimately it was a good idea poorly executed from a business standpoint. The market has clearly turned (for the better most would say) in that people want to see real businesses with real sustainable business models. Fruit water on tap and glossy marketing materials don’t replace the core fundamentals of a good business. It’s refreshing to see the market finally calling BS and expecting more.