Over the years I’ve made many mistakes, and that's why it’s easy for me to spot them now. Through listening to the stories of other coliving founders and observing their businesses, I thought it might be beneficial to write these mistakes down and share them here.
You’ll find them listed below in order of importance from greatest to least.
Nobody is perfect and you will surely make some of these mistakes yourself even after reading this article. Remember, mistakes can be amended and you can be still successful, however, some of them are critical and can change the destiny of your venture. Good luck!
This article is part of the guide where I'm sharing tips on starting a coliving business.
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I created the first coworking and coliving space for digital nomads. It went well until it didn't. We closed it and I started to focus on building a productized service for companies that organize offsites.
This one went better and together with an amazing team I work on it on daily basis. We built a solid booking channel for hotels, I talk about it quite often in the Hotel Nuggets newsletter.
Around 2019 I started to play with an idea of building a coworking cabin. My plan was to operate hundreds of them across Europe. Then Covid came to say hello and I pivoted this project into Epic Monday - a site full of resources for people who are planning to start a glamping business.
Once I'm passionate about something, I deep dive into the topic, run tons of experiments and sometimes come with monetization ideas (not always, unfortunately).
Hoodpicker started as simple survey, then I created a tool to compare neighborhoods in Lisbon and now it's a set of tools for people who want to invest into real estate in Portugal.
I constantly research ideas that combine hospitality, real estate and tech. And share them in my personal newsletter. You can subscribe now:
"Hi Peter, I have subscribed to your newsletter for a while now and am loving it. The hospitality industry fascinates me and your newsletter always gets my brain to go prrrrrr brainstorming ideas."
"Really cool newsletter. Thanks for sharing. Too many interesting ideas to work on."
"Just to say that your newsletter is my favorite of all time. I always get so inspired and want to have as many cool projects as you do."
"Very comprehensive. Not working directly on the space anymore, but following your content closely as it is so engaging actionable and without noise 🙏"
"Lovely newsletter again Peter! I’m a fan of your ideas and how your brain works.Always sees opportunities ad niche business. Keep up the good work!"
"Love your newsletter! The posts are very inspiring and I love how well you break down the business side of it."