Glossaries

Accelerator

An accelerator works as a program that accelerates the process of the growth of externally...

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Accommodation Address

An accommodation address is a service similar to post office boxes to deliver mail in...

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Acquisition

Taking ownership of another business. Acquiring another company.

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Activity Based Working

A practice that provides your workforce with a range of settings for a variety of...

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Adventure Capitalist

An adventure capitalist is an entrepreneur who helps other entrepreneurs financially and often plays an...

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Agile Pods

A small group of individuals put into a team or ‘pod’, all members have complementary...

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Agile Working

A way of working in which an organisation empowers its people to work where, when,...

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Agile Workspace

A typical agile workspace strays away from the desk setting and allows residents to work...

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Amenities

Amenities at a coworking space are the facili ties and services provided to enhance the...

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Angel Investor

Once, an unrelated individual investing monies in a business venture, often later than founders, friends...

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Angel Round

A round of investment into a startup company from angel investors not previously affiliated with...

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API

Application Program Interfaces (APIs) make it possible for programs to interact with each other. An...

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Assigned Workspace

A dedicated workstation for individual employees.

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Audio visual equipment

Any system which enables audio and visual communication.

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Auto Release

Workplace industry term: A function within workspace booking software, that will automatically release a booking...

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Baby Boomer

Baby boomer term (first used in 1970 in a Washington Post article) refers to people...

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Beacon Technology

Beacons transmit small amounts of data via Bluetooth Low Energy (BLE) up to 50 meters,...

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Blind-managed Booking

Where resources are automatically allocated based on user-requested features or attributes, a user has no...

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BMS

Building Management System otherwise known as a building automation system (BAS), is a computer-based control...

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Booking Kiosk

A user-friendly touch screen that enables your employees to book the workspace they want as...

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Booth Space

A dedicated private space for focused meetings.

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Bootstrapping

Starting your business the good old fashioned way: with little (own) money and sweat capital,...

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Breakout Spaces

Any space open to the workforce, visitors and partners which is separate from the usual...

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Broker

Brokers help match businesses or individuals with available flexible workspaces globally. They work as a...

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Bubble

Concept that is being on debate at the moment and is related with startups and...

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Burn Rate

The amount of cash that a company consumes each month in order to continue operations....

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Business Center

A business centre is a professionally managed commercial facility that offers an end-to-end business infrastructure...

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Business Continuity

Business continuity is a service offered by most business centre locations. This is actually emergency...

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Business Lounge

A business lounge is a purpose-built facility (like a room at an airport for business...

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Business Plan

A document utilized by management and relied upon heavily by some investors, that entrepreneurs use...

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Cash Flow Statement

A report that details the inflows and outflows of cash for a business. This is...

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Catering Management

Ability to schedule catering items and associated workflows for vendors, such as a dashboard and...

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Cloud Computing

Cloud computing is the on-demand availability of computer system resources, such as data storage (cloud...

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Cohort Analysis

An analysis in which customers are separated into groups (cohorts) based on common attributes, most...

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Coliving

Co-living is a residential community living model that accommodates three or more biologically unrelated people....

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Community

One of the definitions for community according to Oxford Dictionaries is: “a feeling of fellowship...

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Community Manager

The role West Quay Offices staff take on through enabling our member community to be...

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Conference Call

A conference call is a telephone call in which one person talks to several people...

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Connected Offices

Created in a “smart ” office environment, it is tailored to employee needs, where it’s...

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Coworking

Coworking is a state of being and a methodology whereby people and/or groups of people...

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Coworking Contract

A coworking contract is a paperwork required for coworking rentals. Coworking contracts are way simpler...

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Coworking Membership

A membership plan that gives you 24/7 access to coworking space services/amenities (like complimentary...

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Coworking Space

According to Wikipedia, a coworking space is an arrangement in which workers of different companies...

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Coworking Trip

A coworking trip is a type of travel where people work remotely from various locations,...

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Creative Spaces

A space to brainstorm, where teams can work side-by-side with colleagues, clients, and communities to...

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Day Pass

A day pass at a co working space refers to a temporary access option that...

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Deck

A slide-based presentation that can be transferred digitally. Typically associated with investment pitch presentations. Example:...

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Deep Bench

In sports, having a deep bench means having a large number of very talented players....

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Demo Day

Demo Day refers to an event typically held in a coworking space or startup accelerator...

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Digital Signage

Any form of electronic screen displaying digital images, from information, graphics, video, photographs, or social...

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Digital Transformation

Is a fairly broad term that includes any business aligning technology, people, and business processes...

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Down-Round

When the valuation of a company at the time of an investment round is lower...

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Early

Often used to describe a company that is not yet large enough for the purpose...

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Early Exit

An approach to angel investing popularized by author Basil Peters, in which the goal of...

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Early Stage

Used to describe companies that have not yet reached meaningful scale. Example: We were considered...

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EBITDA

Stands for Earnings Before Interest, Taxation, Depreciation and Amortization. This is a calculation of company...

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Economics Agglomeration

Economies of agglomeration or agglomeration effects are cost savings arising from urban agglomeration. The term...

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Enterprise Coworking

Enterprise coworking refers to the practice of larger companies or organizations using coworking spaces to...

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Event Space

Event space is a space for rent provided by operators both to members and non-members....

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Accelerator

Accommodation Address

Acquisition

Activity Based Working

Adventure Capitalist

Agile Pods

Agile Working

Agile Workspace

Amenities

Angel Investor

Angel Round

API

Assigned Workspace

Audio visual equipment

Auto Release

Baby Boomer

Beacon Technology

Blind-managed Booking

BMS

Booking Kiosk

Booth Space

Bootstrapping

Breakout Spaces

Broker

Bubble

Burn Rate

Business Center

Business Continuity

Business Lounge

Business Plan

Cash Flow Statement

Catering Management

Cloud Computing

Cohort Analysis

Coliving

Community

Community Manager

Conference Call

Connected Offices

Coworking

Coworking Contract

Coworking Membership

Coworking Space

Coworking Trip

Creative Spaces

Day Pass

Deck

Deep Bench

Demo Day

Digital Signage

Digital Transformation

Down-Round

Early

Early Exit

Early Stage

EBITDA

Economics Agglomeration

Enterprise Coworking

Event Space

Members

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